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Official Gazette

Wednesday, July 18, 2018
Tags: money laundering
Vietnam commits to fight money laundering Vietnam commits to fight money laundering
Chief Justice of the Supreme People’s Court Nguyen Hoa Binh said at a workshop in Da Nang on July 9 that some articles of the 2015 Penal Code regarding fighting money laundering are unclear, and guidance is needed to ensure the laws against money laundering are effectively carried out.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Cryptocurrencies to be strictly managed Cryptocurrencies to be strictly managed
To minimize risks of using cryptocurrencies for crimes, such as money laundering, terrorist financing, illegal transfer of money, tax evasion and trade fraud, the Prime Minister on April 11 issued Directive 10/CT-TTg to enhance the management of activities related to Bitcoin and other cryptocurrencies.
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.
The 2017 Fisheries Law and the fight against illegal fishing The 2017 Fisheries Law and the fight against illegal fishing
The 2017 Fisheries Law has provided a broad legal framework for enforcement and cooperation with regional countries and fisheries organizations in fighting illegal, unreported and unregulated (IUU) fishing. This article highlights the Law’s provisions to show Vietnam’s resolve in this fight.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Draft sets forth incentive policies for startups Draft sets forth incentive policies for startups
The Ministry of Planning and Investment has recently revealed a draft decree detailing creative startup investment, which is expected to create a legal framework and provide incentive policies for attracting more investment in this field.
Legal framework for management of cryptocurrency takes shape Legal framework for management of cryptocurrency takes shape
The PM has okayed a scheme on creation of a legal framework for management and handling of cryptocurrency and virtual property.
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.
Foreigners may be allowed to make savings deposits at local banks Foreigners may be allowed to make savings deposits at local banks
Non-residents with presence in Vietnam may be allowed to make termed savings deposits in both Vietnam dong and foreign currency at local banks, according to a draft circular recently released by the State Bank of Vietnam.

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