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Official Gazette

Monday, August 21, 2017
Tags: production
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.
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.
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.
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.
King Le Thanh Tongs view on state-people relationship King Le Thanh Tong’s view on state-people relationship
History shows that during his 38 year-tenure, Le Thanh Tong tirelessly followed his deep aspiration for a centralized bureaucratic absolute monarchy that guarantees the power and interests of the feudal class represented by the Le dynasty. Immediately after ascending the throne, Le Thanh Tong sped up the introduction of Confucianism into the country on which he developed his conception of ruling the country.
Party affirms private sector as important driving force for economic development Party affirms private sector as important driving force for economic development
The 12th Central Committee of the Communist Party of Vietnam on June 3 issued Resolution 10 affirming the development of the private economy into an important driving force of the country’s socialist-oriented market economy. Following are the principal contents of the Resolution.
PM asks central bank to mobilize idle US dollars PM asks central bank to mobilize idle US dollars
The Prime Minister has requested the central bank to promptly adopt policies to mobilize idle US dollars from the local population to invest in business and production.
Legal grounds for overseas listing to become more favorable Legal grounds for overseas listing to become more favorable
A representative of the State Securities Commission has affirmed that the legal grounds for Vietnamese businesses to list their stocks on foreign stock exchanges were fairly complete.
Excise tax exemption proposed for locally made automobile parts Excise tax exemption proposed for locally made automobile parts
The Ministry of Industry and Trade has proposed non-imposition of excise tax on locally made auto parts in order to bring the prices of cars, especially assembled ones, more accessible to customers.

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