• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Constitution, six laws to take effect on January, 2014

VGP - The laws include the Laws on amendments and supplements to some articles of the Laws on Residence, Value-added Tax and Corporate Income Tax, plus the Law on Science and Technology, the Law on National Defense and Security Education, and the Law on Mediation at the Grassroots Level.

December 25, 2013 4:15 PM GMT+7

Divided into 11 chapters with 120 articles (one chapter and 27 articles fewer than the previous version), the amended Constitution clearly states that the Socialist Republic of Viet Nam is governed by law and mastered by the people.

It fully specifies political and economic regimes, showing the nature of Vietnam’s economy as a market-based one following the socialist orientations.

The document also highlights culture, science-technology, environment protection, human rights, basic citizens’ rights and obligations, national defense, the State apparatus, the validity and amendments to the Constitution.

On the State apparatus, it basically inherits the State organization model mentioned in the old version, but better explains the principle that State powers are unified and decentralized to State bodies in the exercise of their legislative, executive and judiciary powers.

On the amendments to the Law on Value-added Tax, low-income earners will have chances to buy their own houses thanks to reduced value-added tax.

It also issues tighter regulations on the refund of value-added tax.

Meanwhile, changes to the Law on Corporate Income Tax are expected to stimulate production and trading in line with the 2011-2020 tax reform strategy.

Those with annual revenue of less than VND 20 billion (US$ 950,000) are subject to a tax level of 20% from July 1, 2013.

Since January 1, 2016, the general corporate tax will stand at 20% and preferential tax, at 17%.

With eight chapters and 47 articles, the Law on National Defense and Security Education clearly states that it is meant to raise public sense of safeguarding the nation and the State.

It also says the State ensures resources for defense and security education and issues incentives for border, island, remote and mountainous areas./.

VNA