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Official Gazette

Monday, August 21, 2017
Tags: business
Govt sets financial regimes for credit institutions Gov’t sets financial regimes for credit institutions
Credit institutions and foreign bank branches have autonomy in finance and must take responsibility for their business activities and fulfill their obligations and commitments as prescribed by law.
Official Gazette issues Nos 3-5 May 2017 released on August 17 2017 Official Gazette issues Nos 3-5 May 2017, released on August 17, 2017
PM urges drastic measures for achievement of growth target PM urges drastic measures for achievement of growth target
Prime Minister Nguyen Xuan Phuc asked ministers and heads of sectors to take measures to ensure their ministries and agencies reach this year's growth target.
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.
Legal requirements for information disclosure and transparency in the equitization of SOEs Legal requirements for information disclosure and transparency in the equitization of SOEs
According to a government report, during 2011-15, 508 SOEs were equitized. The speed of equitizing big SOEs has been recognized to increase significantly over the past five years. As of October 2016, there remained 718 companies in which the State held 100% of charter capital. For the period from 2016 to 2020, the Government has identified enterprises where the State holds 100% of capital and dominant shares, including those operating in key industries, important geographical areas, and security and defense fields, applying high technologies, requiring large-scale investment and creating socio-economic impetus that lack investment from other sources.
Decree No. 66/2017/ND-CP Decree No. 66/2017/ND-CP
Prescribing the conditions for doing business in camouflaged sound recording, video recording and positioning devices and software
Law on Support for Small- and Medium-sized Enterprises Law on Support for Small- and Medium-sized Enterprises
The Law on Support for Small- and Medium-sized Enterprises, which is the first of its kind in Vietnam, will enter into force on January 1 next year.
Twenty-eight decrees to be issued revised in the coming time Twenty-eight decrees to be issued, revised in the coming time
A mass of legal documents on land, construction, housing, and investment and business will be issued or revised in the last months of this year or first quarter of next year as announced in the list attached to Prime Minister Decision 1078/QD-TTg of July 25.
Overview of the legal framework applicable to logistics services in Vietnam Overview of the legal framework applicable to logistics services in Vietnam
Under the legislation on investment, the provision of logistics services qualifies as a conditional business line. The current legal framework applicable to logistics services was enacted in line with the Schedule of Specific Commitments in Services resulting from the negotiations between Vietnam and WTO members.

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