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Official Gazette

Monday, October 21, 2019
Tags: provisions
Capital contribution by foreigners to Vietnamese companies Capital contribution by foreigners to Vietnamese companies
Foreign investor’s capital contribution to a company will not change its legal status as a Vietnamese company since it was lawfully established and has been operating in accordance with the Vietnamese law on enterprises.
Revised regulations on insurance business proposed Revised regulations on insurance business proposed
Foreign organizations wishing to provide cross-border insurance auxiliary services would have to meet higher conditions, according to a draft decree prepared by the Ministry of Finance.
New regulation gives clearer policies for construction cost management of public projects New regulation gives clearer policies for construction cost management of public projects
State-funded projects will be subject to the new rule on management of construction investment costs, reads a decree recently issued by the Government.
All nations must uphold the rule of law in the East Sea All nations must uphold the rule of law in the East Sea
In a recent interview with Vietnam News Agency, Nguyen Manh Dong, head of the Maritime Affairs Department of the Ministry of Foreign Affairs’ National Border Committee, reiterated Vietnam’s consistent policy that all international disputes, including those in the South China Sea (known in Vietnam as the East Sea), must be resolved by peaceful means as regulated in the Charter of the United Nations and the 1982 United Nations Convention on the Law of the Sea.
NA deputies discuss overtime working NA deputies discuss overtime working
The National Assembly Committee of Social Affairs opened its plenary session in Hanoi on October 2 discussing the revised Labor Code.
Provisions on VAT refund for foreigners to be amended Provisions on VAT refund for foreigners to be amended
The General Department of Customs is working on a draft circular to revise Circular 72 of 2014 regarding value-added tax refund for goods brought along by foreigners and overseas Vietnamese upon exit, with a view to boosting tourism.
Govt to loosen conditions for auto imports Gov’t to loosen conditions for auto imports
The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
Anti-Corruption Law Anti-Corruption Law
The National Assembly promulgated the Anti-Corruption Law last November, extending the fight against corruption in the non-state sector. The Law supersedes its predecessor enacted in 2005 with revisions made in 2007 and 2012 (the 2005 Law).
Working time and overtime regulations remain controversial Working time and overtime regulations remain controversial
The draft amended Labor Code is expected to be submitted to the National Assembly at its upcoming session this October. However, for the time being, opinions remain divergent on a number of issues such as shortening of working time and increase of the maximum overtime.
Politburo resolution sets orientations for FDI attraction until 2030 Politburo resolution sets orientations for FDI attraction until 2030
The Political Bureau of the Communist Party of Vietnam has adopted its first-ever resolution on orientations to perfect institutions and policies for and improve quality and efficiency of foreign investment cooperation through 2030. Resolution 50/NQ-TW is expected to enable foreign investors to move forward for future development and help improve the quality of foreign investment inflow in the country.

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