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Official Gazette

Thursday, September 21, 2017
Tags: import
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.
Revised Law on Technology Transfer Revised Law on Technology Transfer
The revised Law on Technology Transfer, which was passed in June, is expected to create a solid legal basis to promote technology transfer, technology innovation, commercialization of scientific research and technological development results, and application of latest science and technology advances.
Vietnamese Egyptian Presidents seek stronger cooperation Vietnamese, Egyptian Presidents seek stronger cooperation
President Tran Dai Quang and Egypt’s President Abdel Fattah el-Sisi exchanged specific measures to enhance the bilateral cooperation in wide-ranging fields during their talks in Hanoi on September 6.
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.
Twenty categories of goods services placed under state monopoly Twenty categories of goods, services placed under state monopoly
The State will hold monopoly over 20 categories of goods and services such as gold bar production, lottery ticket and postage stamp issuance.
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.

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