Legal Update

More sanctions on environmental protection

More sanctions on environmental protection

The revised Law on environmental protection has been passed at the 7th session of the 13th National Assembly. It contains 20 chapters and 170 articles and will officially take effect...

Foreigners with working permit required to join social insurance

Foreigners with working permit required to join social insurance

Foreigners with working permits or professional licenses granted by Vietnamese authorised agencies will be required to join Vietnam’s social insurance, according to the new Law on Social Insurance announced by...

 
SBV tightens rules for online foreign currency transactions

SBV tightens rules for online foreign currency transactions

Financial institutions have to report international online transactions worth more than US$1,000, or the equivalent in other currencies, to the State Bank of Viet Nam's (SBV) Anti-money Laundering Department. They are...

E-wallet service providers granted official license from March

E-wallet service providers granted official license from March

Electronic wallet service providers will be granted an official license in March 2015, more than five years after the pilot programme was set in motion. As a payment intermediary service, it...

 
List of goods announced for customs inspections

List of goods announced for customs inspections

The Ministry of Industry and Trade has announced the list of products that are exported or imported which need to undergo checks for quality, technical standards and food safety before...

SBV issues new guidelines for foreign investors

SBV issues new guidelines for foreign investors

Foreign investors must be committed to a long-term attachment in terms of interest in domestic credit institutions, if they want to buy stakes and become strategic investors of these organisations. This...

 
Revised laws to improve business conditions

Revised laws to improve business conditions

The Minister of Planning and Investment, Bui Quang Vinh, spoke to reporters about changes made to the amended Law on Enterprise and Law on Investment, both recently approved at the...

New circular targets safer growth for banks: SBV

New circular targets safer growth for banks: SBV

HA NOI (Biz Hub) — State Bank of Viet Nam Deputy Governor Nguyen Thi Hong has affirmed the need for Circular 36, saying the regulations would help the Vietnamese banking...

 
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