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Official Gazette

Wednesday, July 17, 2019
Financial support for foreign trade promotion activities expected Financial support for foreign trade promotion activities expected
The Ministry of Industry and Trade is working on a circular guiding the implementation of the national program on promotion for foreign trade development, proposing that the State provide financial support to cover all expenses for organization of stands in international exhibitions and trade fairs.
Public procurement rules enacted for CPTPP implementation Public procurement rules enacted for CPTPP implementation
Procurement agencies would have to provide equal treatment for goods, services and contractors from all member states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as they do for Vietnamese contractors.
Digital data sharing among state agencies proposed Digital data sharing among state agencies proposed
State agencies would have to share digital data with one another to facilitate their operations and serve the people and enterprises, according to the second draft decree prepared by the Ministry of Information and Communications (MIC) on the management, connection and sharing of digital data among state agencies.
Stricter rules on personal realty loans Stricter rules on personal realty loans
Banks would increase the risk ratio to 150 percent, three times higher than the present level, for persons who ask for loans to meet their living needs and have an outstanding principal amount worth over VND 3 billion (USD 130,000).
Draft scheme on national digital transformation proposed Draft scheme on national digital transformation proposed
By 2025, Vietnam would be ranked among top 4 ASEAN countries regarding national digitization and make a breakthrough transformation toward a digital country with a vision to 2030. It is one of the targets set in a draft scheme on national digital transformation prepared by the Ministry of Information and Communications.
Regulations on exit of judgment debtors clarified Regulations on exit of judgment debtors clarified
Vietnamese citizens who have not yet fulfilled their civil judgment execution obligations would not be allowed to leave the country. It is proposed by the Ministry of Justice in a draft decree revising Decree 62 of 2015, detailing the Law on Execution of Civil Judgments.
Draft law aims at luring more investors in PPP projects Draft law aims at luring more investors in PPP projects
The Ministry of Planning and Investment is working on a draft law on investment in the form of public-private partnership, requiring PPP projects to have the total investment of at least VND 200 billion (USD 8.8 million).
Central bank puts forth tighter regulations on e-wallets Central bank puts forth tighter regulations on e-wallets
The State Bank of Vietnam has proposed stricter regulations on opening and use of e-wallets in a draft circular revising Circular 39 of 2014 on intermediary payment services, with the aim of preventing the abuse of the e-wallet business for money laundering and other illegal purposes.
Banks may assess pollution risks before granting loans Banks may assess pollution risks before granting loans
Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam draft regulation.
Finance ministry proposes cutting CIT for SMEs Finance ministry proposes cutting CIT for SMEs
The Ministry of Finance (MOF) has recently proposed reducing corporate income tax (CIT) rates for small- and medium-sized enterprises (SMEs) to 15-17 percent from the current 20 percent.

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