Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Monday, November 18, 2019
Cryptocurrency rules need to be clarified Cryptocurrency rules need to be clarified
The State Bank of Vietnam is working on a new decree to regulate cryptocurrency, saying it is necessary to clarify cryptocurrency, synchronize legal regulations to develop payment products provided in the form of cryptocurrency and facilitate the development of e-commerce.
Anti-money laundering regulations to be revised Anti-money laundering regulations to be revised
Payment intermediary service providers would have to apply measures to prevent and combat money laundering as financial institutions do. Such is provided in a draft decree prepared by the State Bank of Vietnam to revise several articles of Decree 116 of 2013.
Draft scheme on state economic management proposed Draft scheme on state economic management proposed
State agencies should consider enterprises their customers rather than to-be-managed entities, according to a draft scheme on comprehensive reform of the state management of the economy prepared by the Ministry of Planning and Investment.
Ministry to tighten management and use of ODA loans Ministry to tighten management and use of ODA loans
Official development assistance loans must be used for infrastructure projects, climate change response, health care and education but not for payment of debts and current expenditures.
More entities to enjoy business license fee exemption More entities to enjoy business license fee exemption
The Ministry of Finance is revising Decree 139 of 2016, proposing more entities eligible for exemption from the business license fee.
Household business regulations brought into law Household business regulations brought into law
The Ministry of Planning and Investment has introduced the latest draft of the law revising the Investment Law and Enterprise Law, which officially acknowledges household business as a type of business entity besides private enterprise, partnership, limited liability company and joint-stock company.
Revised regulations on insurance business proposed Revised regulations on insurance business proposed
Foreign organizations wishing to provide cross-border insurance auxiliary services would have to meet higher conditions, according to a draft decree prepared by the Ministry of Finance.
Passengers to enjoy higher compensation for airline service failures Passengers to enjoy higher compensation for airline service failures
Air carriers would be required to pay a compensation of up to VND 4.1 billion (USD 173,000) to victims of plane accidents, according to a draft decree compiled by the Ministry of Transport.
SBV guides payment for goods in border-gate transfer SBV guides payment for goods in border-gate transfer
Payment for goods in border-gate transfer must be conducted via authorized banks, the State Bank of Vietnam requires in a draft circular guiding payment and money transfer for goods in border-gate transfer.
Sectors and trades subject to market access conditions proposed Sectors and trades subject to market access conditions proposed
A list of sectors and trades in which foreign investors are subject to market access conditions has been added to the latest draft Law revising the Investment Law and Enterprise Law, prepared by the Ministry of Planning and Investment.

Video

Vietnam Law & Legal Forum