Legal Update

Banks try to cut loan rates but seek government help

Banks try to cut loan rates but seek government help

Over a month after the State Bank of Vietnam called on banks to cut interest rates on loans, particularly to businesses, some banks – including joint stock lenders – have...

Specific law for SMEs being drafted

Specific law for SMEs being drafted

The Ministry of Planning and Investment (MPI) is drafting a law to specifically support small and medium-sized enterprises (SMEs). About 550,000 SMEs to benefit if law adopted. The draft law introduces a...

 
Optimising conditions for Vietnamese businesses to grow

Optimising conditions for Vietnamese businesses to grow

Prime minister Nguyen Xuan Phuc affirmed the government’s resolve to create the best possible conditions for businesses to perform, saying this is one of the important contents of a new...

Gov. determines to take action to minimize child labor

Gov. determines to take action to minimize child labor

Prime Minister Nguyen Xuan Phuc on June 7 adopted Vietnam’s program against child labor during 2016-2020, focusing on preventing and minimizing child labor while timely detecting and assisting child laborers...

 
Legal documents issued from June 6 thru 12

Legal documents issued from June 6 thru 12

From June 6 thru 12, seven legal documents were issued, including: ode Subject Promulgating agency/person Date of promulgation Effective date Decision No. 23/2016/QD-TTg On transport of national treasures abroad for display, exhibition, research or conservation within a...

Foreign currency credit policy still tight

Foreign currency credit policy still tight

After two months stopping lending, since June 1, 2016 when Circular 07/2016/TT-NHNN took effect, the State Bank of Vietnam (SBV) allowed commercial banks to resume short-term lending in US dollars...

 
Central Bank adjusts loan risk coefficient in real estate sector

Central Bank adjusts loan risk coefficient in real estate sector

In an effort to tighten lending to real estate dealers, the State Bank of Vietnam on May 27 announced Circular No. 06/2016/TT-NHNN, revising Circular No. 36 issued in 2014, on...

Company sues tax office for wrongfully appropriating money

Company sues tax office for wrongfully appropriating money

A construction company based in the Mekong Delta city of Can Tho has filed a lawsuit against the local tax office saying the latter has unlawfully made a demand of...

 
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