Legal Update

Project owner may be authorized to appraise construction survey cost estimates

Project owner may be authorized to appraise construction survey cost estimates

This is a new content in the Circular No. 02/2020/TT-BXD dated July 20, 2020 of the Ministry of Construction amending and supplementing a number of articles of 4 Circulars concerning management of construction...

THE MAXIMUM RATIO OF SHORT-TERM CAPITAL SOURCES BY THE END OF SEPTEMBER 30, 2021 OF FOREIGN BANK IS 40%

THE MAXIMUM RATIO OF SHORT-TERM CAPITAL SOURCES BY THE END OF SEPTEMBER 30, 2021 OF FOREIGN BANK IS 40%

The State Bank of Vietnam promulgates the Circular No. 08/2020/TT-NHNN on amending and supplementing a number of articles of the Circular No. 22/2019/TT-NHNN dated November 15, 2019 by the Governor of the State...

 
THE MAXIMUM INTEREST OF CALL RATE APPLICABLE TO VND DEPOSITS IS 6.0%/YEAR

THE MAXIMUM INTEREST OF CALL RATE APPLICABLE TO VND DEPOSITS IS 6.0%/YEAR

On May 12, 2020, the State Bank of Vietnam issues the Decision No. 920/QD-NHNN on maximum interest of call rate applicable to VND deposits at credit institutions, foreign bank branches for borrowers to...

International travel documents shall be revoked in 03 cases

International travel documents shall be revoked in 03 cases

On July 01, 2020, the Government issues the Decree No. 76/2020/ND-CP, prescribing in detail subjects eligible for the grant, and the order, procedures of and competence for issuance, revocation and...

 
One more subject may not establish an enterprise in Vietnam

One more subject may not establish an enterprise in Vietnam

This is a new content adopted by the National Assembly in the Law on Enterprises No. 59/2020/QH14 dated June 17, 2020. Specifically, to supplement a subject who may not establish and manage an enterprise...

To invest in the PPP form in 5 sectors from 2021

To invest in the PPP form in 5 sectors from 2021

On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including: transport; transmission lines, power plants, except for...

 
To reduce 50% of charges for verification of documents related to a Vietnamese working abroad

To reduce 50% of charges for verification of documents related to a Vietnamese working abroad

On June 12, 2020, the Ministry of Finance issues the Circular No. 54/2020/TT-BTC on prescribing the rates and the remittance of charges for verification of papers and documents at the request of domestic...

To invest in the PPP form in 5 sectors from 2021

To invest in the PPP form in 5 sectors from 2021

On June 18, 2020, the National Assembly promulgates the Law on Investment in the form of a Public-Private Partnership. Accordingly, there are 5 investment sectors of PPP projects, including transport; transmission...

 
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