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September 2011

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CONTENTS

Plan for next month

Legal News

Legal Counsel

Terms and Conditions

Terms & Conditions

Terms & Conditions

Legal Counsel

LAWSUIT

Case 1: Mr. Lan’ s case regarding to insurance benefit payment – waiting the result of evidences collection from the Court

Case 2: Ms. Tuyen’ s case regarding to labor issue - waiting feedback from the Court in Can Tho

LEGAL SUGGESTIONSChecking the procedure signing contract with General Agency

Giving legal advice on Regulation for getting TIA of General Agency

Draft offer letter and deposit contract for new office in Dong Nai

Draft Annex for N’orch Building

RULES ON CARRYING CASH OF INDIVIDUAL WHEN IMMIGRATING AND EMIGRATING IN VIETNAM

State Bank of Vietnam has issued Circular 15/2011/TT-NHNN on carrying foreign cash in and out of Vietnam which some new important contents as follows:

ENTERING OUTINGDECLARING TO

BORDER CUSTOMS

Above 5,000 USD or Above 15,000,000

VND

Above 5,000 USD or Above 15,000,000

VNDYes

Under/equal 5,000 USD or

Under/equal15,000,000 VND

Under/equal 5,000 USD or

Under/equal15,000,000 VND

No

ENTERING OUTINGDECLARING TO

BORDER CUSTOMS

Transferring the amount of

Under/equal 5,000 USD or

Under/equal 15,000,000 VNDinto bank account

payment in foreign currency in Vietnam

Yes

Note: Before, the amount of money could be carried in and out of Vietnam was 7,000 USD or 15,000,000 VND

RULES ON CARRYING CASH OF INDIVIDUAL WHEN IMMIGRATING AND EMIGRATING IN VIETNAM

NEW RULES FOR FOREIGNERS EMPLOYMENT

The Government has issued Decree 46/2011/ND-CP amending some articles of Decree 34/2008/ND-CP on recruitment and management of foreigners and work permit in Vietnam which some new important changing contents as follows:

ITEM OLD NEW

Publish announcement to recruit foreigners

In central or local newspaper

In 01 central and 01 local

newspaper

Issuance of work permitWithin 15 working

days Within 10 working

days

Applying for extending work permit

At least 30 days prior to the expiration

At least 10 not over 30 days prior to the expiration

NEW RULES FOR FOREIGNERS EMPLOYMENT

The Government has issued Decree 46/2011/ND-CP amending some articles of Decree 34/2008/ND-CP on recruitment and management of foreigners working in Vietnam which some new important changing contents as follows:

ITEM OLD NEW

Cases for re-issuance work permit

Work permit was lost, damaged

Work permit was lost, damaged or change passport number,

working place

Period of re-issued work permit

N/AThe rest time of the old working permit period

Plan in October 2011No. Task

1 Drafting Terms and Conditions for new products (C13, C14)

2 Following up the GA’s activities

3 Preparing the leasing contract for new office in Dong Nai

4 Preparing for expanding the Company’s business scope

5 Following up Ha Phan ‘s issue

6 Follow up lawsuit1.Mr. Lan’s case2.Ms. Tuyen’s case