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Official Gazette

Tuesday, September 26, 2017
Tags: business environment
More unnecessary business conditions to be removed More unnecessary business conditions to be removed
The Ministry of Industry and Trade plans to remove 464 to 612 conditions for establishing businesses and conducting business activities, according to Minister Tran Tuan Anh.
Enforcement of security under the new resolution on dealing with bad debts Enforcement of security under the new resolution on dealing with bad debts
Resolution No. 42/2017/QH14 on trial dealing with non-performing loans of credit institutions was passed on June 21, 2017, by the National Assembly. It took effect on August 15, 2017, and remains in force for five years from that date. The resolution is a long-awaited text and expected to help credit institutions to better deal with their non-performing loans. A significant number of provisions of this text are about secured transactions which are at the heart of the process of recovery of bank loans for the time being. This article tries to give an overview of the text.
Directive No. 26/CT-TTg Directive No. 26/CT-TTg
On further effectively implementing Resolution No. 35/NQ-CP of May 16, 2016, in the spirit of the Government siding with businesses
PM urges removal of business barriers PM urges removal of business barriers
At the cabinet meeting on lawmaking held on August 22, Prime Minister Nguyen Xuan Phuc again asked ministries to quickly remove unreasonable or unnecessary business conditions which are costing enterprises dearly and seriously hurting the Government’s efforts to improve the business environment.
Government announces state monopoly over 20 goods services Government announces state monopoly over 20 goods, services
The Government on August 7 issued a decree on state monopoly over 20 groups of goods and services, including goods and services for national defense and security, production of gold bars, and import of cigarettes and cigars.
Salient amendments to the 2015 Penal Code Salient amendments to the 2015 Penal Code
At its 3rd session wrapped up last month, the National Assembly passed a law making a raft of amendments to the 2015 Penal Code with effect from early next year. More than 200 articles of the Code have been amended, one new article added and another removed. These amendments include not only corrections of technical errors but also many criminal justice policy changes. Below are the most prominent of them.
Rationale behind new Party resolution on private economy Rationale behind new Party resolution on private economy
One of the current tasks and solutions set for turning the private economy into an important driving force of Vietnam’s economy is “to reach consensus in terms of perception, thinking and action in the implementation of the guidelines and policies on development of the private economy”. Yet “there remain a number of issues on development of the private economy that need to be further concretized and clarified in both theory and practice.” Some of these issues are highlighted below.
New Tourism Law aims to better ensure tourists interests New Tourism Law aims to better ensure tourists’ interests
Deputy Director of the Vietnam National Administration of Tourism Nguyen Thi Thanh Huong talks with To Quoc (Fatherland) newswire about new provisions of the Tourism Law, which is expected to create a breakthrough in tourism development in the time to come.
Party affirms private sector as important driving force for economic development Party affirms private sector as important driving force for economic development
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 10 affirming the development of the private economy into an important driving force of the country’s socialist-oriented market economy. Following are the principal contents of the Resolution.
Revising IP Law to effectively combat infringements Revising IP Law to effectively combat infringements
Le Ngoc Lam, Deputy Director of the National Office of Intellectual Property of Vietnam of the Ministry of Science and Technology, talks with Hai Quan (Customs) newspaper on revision of the current Law on Intellectual Property of Vietnam, which was officially enacted in July 2006 and revised in 2009.

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