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Official Gazette

Sunday, April 30, 2017
Revisions to Competition Law proposed Revisions to Competition Law proposed
The Ministry of Industry and Trade is gathering public comments on a draft law on amendments to the 2004 Competition Law.
Increase of retirement age proposed again Increase of retirement age proposed again
The retirement age in Vietnam, currently 60 for men and 55 for women, may be gradually raised to 62 and 60, respectively, according to a proposal of the Ministry of Labor, War Invalids and Social Affairs.
Two models of agency managing SOE capital proposed Two models of agency managing SOE capital proposed
As revealed by the Government Office in its recent announcement of Deputy PM Vuong Dinh Hue’s conclusion about the draft scheme to establish an agency representing the state ownership or managing state capital in state-owned enterprises prepared by the Ministry of Planning and Investment, two establishment models of the agency were proposed.
Foreign workers to be obliged to pay compulsory social insurance premiums Foreign workers to be obliged to pay compulsory social insurance premiums
Foreigners who enter into labor contracts with a term of at least full one month with Vietnam-based employers would have to participate in compulsory social insurance if they possess work permits, practice certificates or practice licenses granted by Vietnamese competent authorities.
Foreigners to be allowed to carry abroad foreign currencies earned from casinos in Vietnam Foreigners to be allowed to carry abroad foreign currencies earned from casinos in Vietnam
Foreign gamblers at Vietnam-based casinos could carry abroad foreign currency prizes in cash or by bank transfer after having the origin of the prize money amounts certified by licensed banks, says a draft circular designed by the State Bank of Vietnam.
Draft decree offers more benefits to strategic investors in SOEs Draft decree offers more benefits to strategic investors in SOEs
Strategic investors would be allowed to sell their shares in state-owned enterprises within three years after such SOEs are equitized.
Poor farmers to get financial support when joining agriculture insurance Poor farmers to get financial support when joining agriculture insurance
Agricultural households would receive a financial support to participate in agriculture insurance, according to a draft decree recently revealed by the Ministry of Finance.
Draft law aims at better aquatic resource protection Draft law aims at better aquatic resource protection
The Ministry of Agriculture and Rural Development recently introduced a draft law on fisheries, adding provisions on protection of aquatic resources in the context of scarcity and environmental pollution seriously affecting the habitat of natural and cultivated aquatic species.
Several conditions on gas trading to be removed Several conditions on gas trading to be removed
The Ministry of Industry and Trade recently revealed a draft decree to replace Decree No. 19 issued in 2016, in an attempt to abolishing a number of conditions which gas traders must meet in order to encourage small- and medium-sized enterprises to enter the gas trading market, especially liquefied petroleum gas market.
Conditions for operation of foreign cultural centers to be tightened Conditions for operation of foreign cultural centers to be tightened
Foreign cultural centers operating in Vietnam would have to observe Vietnamese laws as well as the country’s customs, practices and culture, according to a draft decree, recently revealed by the Ministry of Culture, Sports and Tourism to replace Decree No. 18 issued in 2001.

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