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Official Gazette

Thursday, August 22, 2019
Tags: trading
Draft circular on gold business licensing released Draft circular on gold business licensing released
The State Bank of Vietnam has publicized a draft circular that would adjust existing regulations managing gold trading, Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) newspaper reported.
New laws that take effect on the first of July New laws that take effect on the first of July
These include the Law on Competition, Law on Anti-Corruption, Law on the People's Public Security Forces, Law on Special Amnesty, Law on Vietnam Coast Guard, and Law Amending and Supplementing a Number of Articles of the Law on Higher Education
Law on Animal Husbandry Law on Animal Husbandry
Adopted in last November and effective from the beginning of next year, the Law on Animal Husbandry provides a legal framework on domestic animal breeds, animal feed, animal husbandry conditions, humane treatment of domestic animals, and product processing and markets. The Law also prescribes the rights and obligations of organizations and individuals involved in animal husbandry activities and state management of animal husbandry.
Central bank puts forth tighter regulations on e-wallets Central bank puts forth tighter regulations on e-wallets
The State Bank of Vietnam has proposed stricter regulations on opening and use of e-wallets in a draft circular revising Circular 39 of 2014 on intermediary payment services, with the aim of preventing the abuse of the e-wallet business for money laundering and other illegal purposes.
Banks may assess pollution risks before granting loans Banks may assess pollution risks before granting loans
Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam draft regulation.
Law on Crop Production Law on Crop Production
From January 1 next year, the Law on Crop Production  will take effect, superseding the 2004 Ordinance on Plant Varieties.
Law-based state management of e-commerce in Vietnam Law-based state management of e-commerce in Vietnam
According to Prime Minister Decision 222 of 2005 approving the overall plan on e-commerce development during 2006-10, the State plays the role of creating a favorable legal environment, while providing public services to assist e-commerce activities, and developing e-commerce in connection with the application and development of information and communication technology.
Regulations on online ads - inadequacies and suggestions for improvement Regulations on online ads - inadequacies and suggestions for improvement
Online advertising has proven to be a trendy choice of businesses. Revenue of Vietnam’s online advertising market mounted to USD 76 million in 2017 and is forecast to increase by three folds in the next five years. However, there remain several limitations in the law regulating Internet advertising such as regulations on protection of interests of online customers, foreign traders’ right to run online advertisements, advertising of some special goods, products and services, management of new types of advertising, and competence for state management for online advertising.
New requirements on import of aquatic species New requirements on import of aquatic species
From April 25, traders may import endangered, precious and rare aquatic species on the list of aquatic species permitted for trading in Vietnam without import licenses, according to Government Decree 26 dated March 8.
Vietnam Netherlands issue joint statement Vietnam, Netherlands issue joint statement
Vietnam and the Netherlands have issued a joint statement on the official visit to Vietnam by Dutch Prime Minister Mark Rutte on April 9 at the invitation of Prime Minister Nguyen Xuan Phuc.

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