VGP – The Government and the PM issued 15 legal documents in this June, including seven Decrees of the Government and eight Decisions of the PM.  

Accordingly, Decree No. 54/2015/NĐ-CP on providing incentives for economical and efficient water use activities defines that preferential treatment will be given to economical and effective use of water, reuse of water and production and import of water-efficient equipment and technology.

Decree No55/2015/ND-CP dated June 9, 2015 on the credit policy for agricultural and rural development stipulates the provision of loans for specific areas for agricultural and rural development, the State’s support policy, quotas of the loans and interest rates.

Decree No. 56/2015/ND-CP on the criteria for evaluation and classification of cadres, civil servants and public employees is aimed at overcoming obstacles and shortcomings of current regulations and assisting the office heads to increase the quality of evaluation works among cadres, civil servants and public employees.

Decree No. 58/2015/NĐ-CP on amending and supplementing a number of articles of the Government’s Decree No. 192/2013/NĐ-CP on penalty for administrative violations and management and use of owned-State property, thrift practice and waste combat, national reserve and state treasure prescribes that pecuniary penalty from VND50-60 million will be given to wastes in investment capital.

Decree No. 59/2015/NĐ-CP on construction project management stipulates principles of construction management, contractors, classification of construction projects, establishment, assessment and approval of construction projects.

The Government’s Decree No. 60/2015/NĐ-CP on amending and supplementing a number of articles of Decree No. 58/2012/NĐ-CP dated July 20, 2012 on providing specific provisions for the implementation of certain articles of the Law on Securities and the Law on amending and supplementing a number of articles of the Law on Securities was released on June 26. Under the Decree, more room is offered to foreign investors to participate in Viet Nam’s equities market.

Decision No19/2015/QD-TTg dated June 15, 2015 of the PM prescribed criteria for identifying hi-tech enterprises. Under the Decision, hi-tech enterprises must satisfy the criteria which are defined at the Investment Law and meet three other criteria.

Decision No. 22/2015/QĐ-TTg on transformation of public non-business units into joint stock companies stipulates the conditions, order and procedures to transform a public non-business into joint stock companies.

Decision No. 23/2015/QĐ-TTg specifies the State mechanism of payment by means of land fund to investors in construction investment Projects in the form of Construction-Transfer. It aims to tackle difficulties and obstacles of the current regulations on payment by means of land fund to investors when they are carrying out construction projects in form of Construction-Transfer.



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