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Official Gazette

Sunday, February 23, 2020
Law on Environmental Protection to be revised for sustainable development Law on Environmental Protection to be revised for sustainable development
The Ministry of Natural Resources and Environment has proposed a draft law revising the 2014 Law on Environment Protection which is expected to reduce administrative procedures without affecting the environmental protection management, and add provisions on environmental protection associated with sustainable development.
Supplementary health insurance packages proposed Supplementary health insurance packages proposed
Insured patients could purchase supplementary health insurance packages to cover more medical services than the basic package currently provided. It is highlighted in a draft law prepared by the Ministry of Health to replace the 2008 Law on Health Insurance.
Draft decree facilitates foreign petrol traders Draft decree facilitates foreign petrol traders
Traders engaged in petrol and oil production and processing might transfer their shares to foreign investors but the foreign holding rate must not exceed 34 percent and the traders must obtain approval from the Ministry of Industry and Trade.
SMEs to receive support for business startup SMEs to receive support for business startup
The Ministry of Planning and Investment is working on a draft national program to provide a total financial support of VND 5,000 billion (USD 216 million) for small- and medium-sized enterprises being innovative startups or participating in industrial clusters and value chains during 2021-25.
MoF proposes fines for invoice violations MoF proposes fines for invoice violations
The Ministry of Finance has proposed fines of between VND 20 million and VND 50 million for the act of printing fraudulent invoices.
First-ever regulations on e-money to be issued First-ever regulations on e-money to be issued
The State Bank of Vietnam (SBV) is working on a draft decree to revise Decree 101 of 2012 on non-cash payment, introducing for the first time regulations on e-money.
Bidding required for state budget-funded radio and television broadcasts Bidding required for state budget-funded radio and television broadcasts
The production of radio and television broadcasts and provision of Internet-based radio and television services using state budget funds would be implemented through bidding or order placement.
Draft law suggests two mechanisms to ensure feasibility of PPP projects Draft law suggests two mechanisms to ensure feasibility of PPP projects
The Government has submitted to the National Assembly the latest draft law on public-private partnership, proposing two mechanisms to ensure the feasibility of PPP projects.
Equitized public non-business units to enjoy preferential policies Equitized public non-business units to enjoy preferential policies
Joint-stock companies transformed from public non-business units would enjoy incentives like newly established businesses, according to a draft decree prepared by the Ministry of Finance.
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.

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