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Official Gazette

Tuesday, March 19, 2019
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).
Regulations on conversion of bank bonds into stocks drafted Regulations on conversion of bank bonds into stocks drafted
The State Bank of Vietnam (SBV) is revising Circular 34 of 2013 on issuance of promissory notes, bills, deposit certificates and domestic bonds by credit institutions and foreign bank branches.
Ministry proposes revising the Investment and Enterprise Laws Ministry proposes revising the Investment and Enterprise Laws
The Ministry of Planning and Investment is working on a draft law revising the Law on Investment and Law on Enterprises, in a bid to further improve business and investment environment and raise the efficiency and effectiveness of state management activities.
Nation expects to have at least 1.5 million private enterprises by 2030 Nation expects to have at least 1.5 million private enterprises by 2030
By 2030, there would be at least 1.5 million private enterprises operating in Vietnam. It is a target set in a draft plan on sustainable development of private enterprises by 2030 prepared by the Ministry of Science and Technology.
Draft law proposes embedding chips in passports Draft law proposes embedding chips in passports
Vietnamese passports of all types would be embedded with electronic chips containing biometric information of holders, according to a draft Law on Immigration designed by the Ministry of Public Security.
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.

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