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Official Gazette

Saturday, May 25, 2019
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.
Draft to promote non-performing loan resolution in the banking sector Draft to promote non-performing loan resolution in the banking sector
Credit institutions selling their debts for special bonds would be disallowed to pay cash dividends to their shareholders.
Draft law encourages mediation and dialogue at court Draft law encourages mediation and dialogue at court
The Supreme People’s Court is working a draft law on mediation and dialogue at court, emphasizing the State policy of encouraging parties to settle civil cases and matters and administrative lawsuits through mediation and dialogue at court.
Customs clearance guarantee mechanism for imports and exports formulated Customs clearance guarantee mechanism for imports and exports formulated
Customs clearance guarantee for imports and exports would be soon effected under a pilot mechanism, according to a draft resolution being formulated by the General Customs Department.
Insurance intellectual property laws amended in preparation for CPTPP Insurance, intellectual property laws amended in preparation for CPTPP
The 2000 Law on Insurance Business and the 2005 Law on Intellectual Property are under scrutiny, a move conducted by the Ministry of Industry and Trade in preparation for implementation of Vietnam’s commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
MOJ proposes two options for amending the Law of Laws MOJ proposes two options for amending the Law of Laws
The Ministry of Justice has recently put forward two options on revision of the 2015 Law on Promulgation of Legal Documents, focusing on enhancing the responsibility of drafting agencies for the quality of their law-making work.
Tariffs designed for implementation of CPTPP Tariffs designed for implementation of CPTPP
The Ministry of Finance has submitted to the Government a draft decree on the Preferential Export Tariff and Special Preferential Import Tariff which is designed for Vietnam to implement its commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in the 2019-22 period.
Unfair competition practices to face hefty fines Unfair competition practices to face hefty fines
Violations of the regulations on unfair competition would carry a maximum fine of VND 2 billion, approximately USD 86.000, according to a draft decree elaborated by the Ministry of Industry and Trade.
SBV to reduce reserve requirement ratios on bank deposits SBV to reduce reserve requirement ratios on bank deposits
Credit institutions that take part in the central bank’s plan on supporting the restructuring of ailing credit institutions would be allowed to halve reserve requirements for all types of deposits.
Ministry accepts comments on civil servant law Ministry accepts comments on civil servant law
The Ministry of Home Affairs (MoHA) is collecting opinions on a new law which would amend a number of articles of the Law on Cadres and Civil Servants (2008) and the Law on Public Employees (2010).

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