According to the new regulations, production and business establishments will be able to borrow up to VND 2 billion / project and not exceeding VND 100 million for 1 employee to create, maintain and expand jobs. For employees, the maximum loan amount is VND 100 million.
Raise the loan level for small and medium enterprises; new regulations on cooperative groups; guidelines on electronic invoices when selling goods and services ... are new policies effective from November 2019.
Raise the loan level for small and medium enterprises
One of the most noticeable and expected policies in November is the Government's Decree No. 74 on amending and supplementing a number of articles of Decree 61 providing policies for job creation assistance and the National Fund. In terms of employment, it is necessary to increase the preferential loans from the National Fund for Employment to small and medium-sized enterprises, cooperatives, cooperative groups, business households and workers to create jobs, maintain and open jobs. wide employment.
Accordingly, on the loan level for production and business establishments, Decree No. 74 has raised the maximum loan from VND 1 billion / project and not more than VND 50 million for one employee to create jobs. VND 2 billion / project and not exceeding VND 100 million for 1 employee to create a job.
For employees, the maximum loan limit was raised from VND 50 million to VND 100 million.
The new Decree also clearly states that, for a loan of VND 100 million or more, production and business establishments must have loan-security properties in accordance with the law on security transactions.
In addition, the loan term is also increased from no more than 60 months to a maximum of 120 months. The Decree takes effect from November 8, 2019.
New regulations on cooperative groups
Another decree that came into effect in November 2019 is the Government's Decree 77 dated October 10, 2019 on the establishment, organization, operation and termination of cooperative groups.
According to the regulation, cooperative group is an organization without legal status, formed on the basis of a cooperation contract, consisting of 2 or more individuals and legal entities voluntarily established, contributing assets and public contributions together. The strength to perform certain tasks, mutual benefits and mutual responsibilities.
Collaborative groups operate on the basis of cooperation contracts. In particular, cooperation contracts are agreed upon by cooperative group members; be made in writing, signed by 100% of members of the cooperative.
Individuals and legal entities may voluntarily establish, join and withdraw from cooperatives when there are plausible reasons and with the consent of more than 50% of the total number of members or under the conditions agreed in the cooperation contracts.
The decree states that, in order to become a member of a cooperative group, members must meet the conditions.
Firstly, individuals are Vietnamese citizens, having appropriate civil act capacity according to the provisions of Articles 16 to 24 of the Civil Code, the provisions of the Labor Code and other relevant laws;
Second, the organization is a Vietnamese legal entity, established and operating in accordance with the law of Vietnam, has legal capacity consistent with the business field of the cooperative.
Thirdly, voluntarily join and accept the content of cooperation contracts. Fourth, commitment to contribute assets and efforts according to the provisions of the cooperation contract. Fifth, other conditions prescribed by cooperation contracts.
The Decree takes effect from November 25, 2019.
Market management officials are not suggested, demanding material benefits
Circular 18 of the Ministry of Industry and Trade on the duty of the Market Management force, which takes effect from November 15, 2019, clearly states things that cannot be done in official duties.
Specifically, having acts, inappropriate gestures, insults, libelous behaviors that affect the prestige and honor of individuals and organizations in public service activities; failing to resolve or not advising and issuing written replies related to regimes and policies on time, thus affecting the circulation of lawful goods or other lawful rights and interests of organizations and individuals.
In addition, Market Managers must not take advantage of public services to cover up, tolerate or collude with organizations and individuals that have committed administrative violations to violate the provisions of law for the purpose. embezzlement, taking bribes in any form; must not suggest or require material or non-material benefits or intentionally borrow money or purchase goods from organizations or individuals that are in the process of specialized inspection, inspection and handling. administrative violations.
Guidance on electronic invoices when selling goods and services
Circular 68 of the Ministry of Finance guiding the implementation of Decree No. 119 providing for electronic invoices when selling goods and providing services takes effect from November 14, 2019.
Accordingly, this Circular guides a number of contents on e-invoices according to the Government's Decree No. 119 including the contents of e-invoices, the time of making e-invoices and the format of e-invoices. application of electronic invoices, provision of electronic invoice services, management and use of electronic invoices, construction of electronic invoice database management, and organization of electronic invoice services.
