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Official Gazette

Sunday, January 20, 2019
Draft decree requires data localization Draft decree requires data localization
The Ministry of Public Security has recently unveiled the second draft of the decree detailing the Law on Cyber Security, dealing with burning issues such as data storage and establishment of foreign service providers’ branches and representative offices in Vietnam.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.
Golf course projects to be managed by business condition Golf course projects to be managed by business condition
Golf course projects would be managed by business conditions instead of planning instruments as at present, according to a draft decree recently revealed by the Ministry of Planning and Investment for public comment.
Law-abiding businesses to enjoy customs priorities Law-abiding businesses to enjoy customs priorities
Import and export businesses would be classified into four categories based on the level of law observance and on that basis, subject to different customs inspection and clearance regime.
Draft proposes solutions to traffic congestion Draft proposes solutions to traffic congestion
The Ministry of Transport is seeking comments on a draft governmental resolution on enhancing traffic order and safety and tackling traffic congestion during 2018-21, which will be issued in the first quarter next year.
Revised Labor Code expected to better protect laborers rights Revised Labor Code expected to better protect laborers’ rights
The Ministry of Labor, Invalids and Social Affairs is still working on draft amendments to the 2012 Labor Code, focusing on such issues as the Code’s governing scope, wage and overtime working hours, special labor, establishment of industrial relations, and unscheduled inspection.
Judgment execution for commercial legal entities brought into law Judgment execution for commercial legal entities brought into law
Members of the National Assembly Standing Committee on September 13 discussed draft amendments to the 2010 Law on Execution of Criminal Judgments, focusing on implementation of criminal sentences and judicial measures imposed on commercial legal entities and the conditional early release policy.
Public security agency is tasked to manage debt collection service Public security agency is tasked to manage debt collection service
The Ministry of Public Security would be held responsible before the Government for performing the state management of public security and social order regarding debt collection activities.
Vietnam plans to apply the open-sky policy Vietnam plans to apply the open-sky policy
Vietnam would apply the open-sky policy so as to encourage domestic and foreign air carriers to open new direct air routes connecting the country with its major tourism markets, according to a draft decision designed by the Ministry of Transport.
Draft circular tightens inspection of origin of exports Draft circular tightens inspection of origin of exports
The Ministry of Industry and Trade is working on a draft circular on inspection and verification of the origin of exports, aiming to improve the quality of the country’s exported goods.

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