Legal documents issued from November 2 thru 8
From November 2 thru 8, four legal documents were issued, including: Code Subject Promulgating agency/person Date of promulgation Effective date Circular No. 60/2015/TT-BGTVT Amending and supplementing a number of articles of the Minister of Transport’s Circular No. 63/2014/TT-BGTVT of November 7, 2014, on provision and management of by-car transport services and road transport support services […]
Selection of court precedents guided
The Judicial Council of the Supreme People’s Court on October 28 issued a Resolution on the selection, publicization and application of court precedents. . . According to Resolution No. 03/2015/NQ-HDTP, a court precedent means arguments and verdicts in a legally effective judgment or decision of the court with regard to a specific case or matter, […]
Businesses now get complete control over their seals
On September 14, 2015, the Government of Vietnam issued Decree No. 78/2015/ND-CP (Decree No. 78) guiding the implementation of the 2014 Law on Enterprises regarding business registration. Decree No. 78 will take effect on November 1, 2015, and supersede Decree No. 43/2010/ND-CP issued on April 14, 2010 (as amended and supplemented by Decree No. 05/2013/ND-CP […]
Policy digest October 2015
Prime Minister urges issuance of regulations on conditional investment, business lines before year-endIn an Official Letter dated October 8 on implementation of Government Resolution No. 59/NQ-CP dated August 7, on implementation of the Enterprises Law and Investment Law, the Prime Minister assigned regulation-making tasks to ministries and local administrations. Results of the performance of these […]
SBV enumerates non-cash payment instruments
The State Bank of Vietnam is working on a draft decree revising Decree No. 101/2012/ND-CP on non-cash payment.Under the draft, non-cash payment instruments used in payment transactions include check, payment order, direct debit, standing order, collection order, encashment order, bank card, digital wallet and others accepted by the SBV. The issuance, provision and use of […]
Draft decree offers more incentives to maritime sector
The Ministry of Transport has recently compiled a draft decree proposing a number of incentives for investors in the maritime sector. . . Businesses investing in maritime projects would be entitled to corporate income tax, personal income tax, import duty and export duty reduction as well as land use levy and land and water surface […]
Foreign organizations may conduct scientific research in Vietnam’s sea areas
Foreign organizations and individuals would likely be permitted to conduct scientific research in the Vietnam’s sea areas, if a decree drafted by the Ministry of Natural Resources and Environment is approved.According to the 30-article draft, the licensing of scientific research activities by foreign organizations and individuals in Vietnam’s sea areas would take either of the […]
SOEs to be prohibited from investing in banking, securities, real estate business
State-owned enterprises (SOEs) will not be allowed to contribute capital or invest in real estate business, or purchase shares of insurance companies, banks, securities companies, venture capital funds and securities investment funds, except those permitted by the Prime Minister. Under Government Decree 91/2015/ND-CP of October 13, on investment of state capital in enterprises and management […]
State investment in enterprises under stricter surveillance
The Government on October 6 issued Decree No. 87/2015/ND-CP on supervision of state capital investment in enterprises; financial supervision, assessment of operation efficiency and disclosure of financial information of state-owned and state-invested enterprises. Under the new regulation, the Ministry of Finance (MOF) will be responsible for coordinating with other related ministries and sectors in performing […]
Sanctions against violations in job placement services, guest worker supply revised
From November 25, violations in the fields of job placement service, social insurance and guest worker supply will be subject to new fine levels. . . Under Government Decree No. 88 dated October 7, amending some articles of Decree No. 95/2013/ND-CP, on sanctioning of administrative violations in the aforesaid fields, a job placement service provider […]