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Official Gazette

Wednesday, October 17, 2018
Tags: charter capital
Official Gazette issues Nos 69-72/2018 coming out on September 13 2018 Official Gazette issues Nos 69-72/2018, coming out on September 13, 2018
Draft decree raises foreign holding cap in domestic airlines Draft decree raises foreign holding cap in domestic airlines
Foreign investors would be allowed to hold up to 49 percent of charter capital in a domestic airline, instead of the current 30 percent, according to a draft decree recently unveiled by the Ministry of Transport.
Personal liability and corporate liability under new Penal Code Personal liability and corporate liability under new Penal Code
On June 20, 2017, the National Assembly passed the revised Penal Code. It became effective on January 1, 2018. Several significant changes have occurred. Several acts, previously criminal, are no longer punishable. On the other hand, several previously innocent acts have been criminalized. One very large change is that an enterprise-not just an individual-may now be guilty of a crime1.
Recognition and enforcement of foreign arbitral awards in Vietnam: law and practice Recognition and enforcement of foreign arbitral awards in Vietnam: law and practice
Settlement of commercial disputes through arbitration is an international practice that is applied by many countries worldwide thanks to its flexibility and efficiency. The recognition and enforcement of foreign arbitral awards help enforce arbitral awards and avoid double trial of the same case.
Notable changes in the new Penal Code at a glance Notable changes in the new Penal Code at a glance
This article summarizes significant changes in the 2015 Penal Code and its revisions in 2017, including penalizing commercial legal persons for committing certain crimes, scrapping the crime of illegally doing business, and criminally charging corruption-related offenders in the private sector.
Decree lures foreign investment in logistics Decree lures foreign investment in logistics
From February 20, foreign logistics service providers in Vietnam may for the first time establish their firms instead of joint-venture companies as prescribed in Decree 40/2007/ND-CP, said the Government in Decree 163/2017/ND-CP prescribing the conditions on logistics service provision and liability limits of logistics service providers.
Official Gazette issues Nos 5-8 October 2017 published on January 11 2018 Official Gazette issues Nos 5-8 October 2017, published on January 11, 2018
Vietnam unveils new non-performing loan toolkit Vietnam unveils new non-performing loan toolkit
As high non-performing loan (NPL) levels affect many credit institutions, particularly financially weak banks, authorities should step in to lead the system-wide response. This article dwells on major solutions to NPLs set forth in a recently approved scheme on banking system restructuring and NPL resolution.
Decree to speed up SOE equitization Decree to speed up SOE equitization
With a view to removing existing obstacles to accelerate the equitization of state-owned enterprises, the Government on November 22 issued a new decree on transformation of SOEs into joint-stock companies.
Ministry proposes five criteria to assess state-owned credit institutions Ministry proposes five criteria to assess state-owned credit institutions
Wholly state-owned credit institutions and those in which the State holds over 50 percent of charter capital would be subject to assessment, according to a draft circular recently revealed by the Ministry of Finance.

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