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Official Gazette

Sunday, June 25, 2017
Draft law aims at better management of public debts Draft law aims at better management of public debts
The Ministry of Finance recently revealed a draft law on public debt management, which is expected to change the public debt management method in a stricter and more efficient manner, and enhance borrowers’ responsibilities.
Conditions for automobile manufacturing assembly import to be specified Conditions for automobile manufacturing, assembly, import to be specified
Automobile importers would no longer be required to have a genuine power of attorney for distributing cars in Vietnam.
Agriculture investors to receive more incentives from the State Agriculture investors to receive more incentives from the State
Enterprises established and registering operation under Vietnamese law and having agricultural projects eligible for investment incentives would receive more supports from the State, according to a draft decree prepared by the Ministry of Planning and Investment to replace Decree No. 210 of 2013.
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.

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