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Official Gazette

Friday, February 21, 2020
Tags: competition
Cross-border services under Law on Tax Administration: fairer for domestic businesses Cross-border services under Law on Tax Administration: fairer for domestic businesses
After 10 years of implementation of the Law on Tax Administration, many positive results have been achieved. However, in addition to these results, there remain difficulties and challenges in tax administration activities, including management of taxation of businesses providing cross-border services on the Internet.
The digital economy thrives in Vietnam The digital economy thrives in Vietnam
Developing the digital economy is considered by many countries an inevitable trend of Industrial Revolution 4.0 (also known as Industry 4.0). The Vietnamese Government has resolved to grasp this development trend while showing efforts to concentrate resources and create an environment for accelerated development of the digital economy.
Top 10 events of Vietnam in 2019 selected by VNA Top 10 events of Vietnam in 2019 selected by VNA
The Vietnam News Agency (VNA) has selected the top 10 events that shaped the country in 2019. These include the national public service portal debut, the host of the second US-DPRK Summit, or the non-permanent member of the UN Security Council for the 2020-2021 term, among others.
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
Heftier fines imposed for violators of competition law Heftier fines imposed for violators of competition law
The Government has recently issued Decree 75 in an attempt to strictly and resolutely handle violations of the competition law and adapt to the new market reality.
Respect for international law crucial in East Sea Respect for international law crucial in East Sea
Experts and policymakers agreed that the rule of law and respect for international law are central principles in handling the South China Sea (known as East Sea in Vietnam) issue at an international conference that began on July 6 in Hanoi.
Vietnamese SOEs must reform and invest in technology Vietnamese SOEs must reform and invest in technology
State-owned enterprises must strive to reform and become innovation centers in today's modern economy, said Prime Minister Nguyen Xuan Phuc at a conference discussing measures to improve Vietnam’s SOEs’ management and performance on October 16 in Hanoi.
Legislators deliberate reports on socio-economic development Legislators deliberate reports on socio-economic development
The National Assembly Standing Committee spent the whole day discussing reports evaluating the implementation of the socio-economic development plan and State budget in 2019 during the ongoing 38th session in Hanoi on October 15.
Govt must adapt to sharing economy models Gov’t must adapt to sharing economy models
Vietnam must identify, implement and build management models for sharing economy applications in the country’s major sectors such as banking and transport to ensure a fair business playground and protect all involved parties, said economics experts at a conference on the sharing economy on October 10 in Hanoi.
Inmate labor under the 2019 Law on Execution of Criminal Judgments Inmate labor under the 2019 Law on Execution of Criminal Judgments
In Vietnam, since 1945 the law on execution of imprisonment sentences has always considered labor a fundamental element of the inmate education regime. According to the traditional theory of combined punishment and education, labor is always a duty of inmates. Under the 2015 Penal Code (revised in 2017) (the Penal Code), inmates must serve their imprisonment sentences and work and learn so as to become useful to the society[1]. Compared to other daily activities of inmates, their working activities are to be carried out throughout their sentence serving period and exert important effects on their education and reform results. Through these activities inmates can learn working skills and generate some incomes for their future community integration. That’s why the Law on Execution of Criminal Judgments (the Law) seeks to improve the inmate labor regime primarily for raising the effectiveness of inmate education and reform.

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