MONTHLY REPORT OF MAY, 2009MONTHLY REPORT OF MAY, 2009

NEW LEGAL DOCUMENTS& MAIN TASKS

Legal DepartmentLegal Department

Decision 88/2009/QD-TTgDecision 88/2009/QD-TTg issued by the Prime issued by the Prime Minister on 18 June 2009 regarding to Minister on 18 June 2009 regarding to Regulation of foreigner investors’Regulation of foreigner investors’ capital capital contribution & share purchasing of Vietnamese contribution & share purchasing of Vietnamese companiescompanies

Legal DepartmentLegal Department

Decision 88/2009/QD-TTg shall become into valid from 15 August 2009 and replace Decision 36/2003/QD-TTg regarding to Regulation of foreigner investors’ capital contribution & share purchasing of Vietnamese companies.

Legal DepartmentLegal Department

Transmitter Letter 38/TCT-VPTransmitter Letter 38/TCT-VP issued by the issued by the Tax Bureau on 12 June 2009 deferment PITTax Bureau on 12 June 2009 deferment PIT

According to Transmitter Letter 38, PIT According to Transmitter Letter 38, PIT deferment shall be continued to apply for deferment shall be continued to apply for June 2009.June 2009.

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Main tasks

• Contract review & revision

• Legal Compliance Process

• MOF’s inspections regarding to Circular 86/2009/TT-BTC & Decree 41/2009/ND-CP

• Contribution for Circular 86/2009/TT-BTC & Decree 41/2009/ND-CP

• CanTho Branch Establishment

• Legal counsel on Company’s affairs

• Legal update