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Official Gazette

Tuesday, July 23, 2019
Tags: cap
Central bank wants to promote mobile payment Central bank wants to promote mobile payment
In Vietnam today, the term “fintech - financial technology” has become more and more popular. Particularly in the field of intermediary payment services, there has been a tremendous increase in the number of e-payments, especially mobile payments via e-wallets, over the past few years. Let’s examine the situation of the mobile payment sector as well as measures to be taken by state authorities to facilitate business operations while ensuring payment security and safety.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.
Top 10 legal documents in 2018 Top 10 legal documents in 2018
Selected by Vietnam Law and Legal Forum magazine, these include the Law on Cyber Security, the Anti-Corruption Law, guiding texts of the Law on Foreign Trade Management, Government Decree 86/2018/ND-CP on foreign cooperation and investment in education, among others.
Measures to supervise six ministries under the Nguyen Dynasty Measures to supervise six ministries under the Nguyen Dynasty
During more than 1,000 years of domination by northern feudalists, the Vietnamese feudal state was established after the state model of feudal China, from state institutions, ruling method, organizational system to mandarin titles. Following the reform initiated by King Le Thanh Tong (1442-1497), the state apparatus of feudal Vietnam was further developed with “luc bo” (six ministries) being key state agencies and the backbone of the central administration.
Draft decree raises foreign holding cap in domestic airlines Draft decree raises foreign holding cap in domestic airlines
Foreign investors would be allowed to hold up to 49 percent of charter capital in a domestic airline, instead of the current 30 percent, according to a draft decree recently unveiled by the Ministry of Transport.
The oversight system in the feudal period of Vietnam The oversight system in the feudal period of Vietnam
In order to guarantee the king’s unified power, Vietnamese feudal regimes created and operated consistently a state power-overseeing mechanism with two systems: intra-state and extra-state. This writing only dwells on the system overseeing the operation of the state management apparatus from inside.
Horn blowing in Red Daos rituals Horn blowing in Red Dao’s rituals
The Dao, an ethnic group who migrated to Vietnam from China in the 13th century, believe that the Jade Emperor (called Nhut Hung in their language) is the king of heaven ruling the sky, earth, sea and hell.
New corporate income tax law aims to halt tax evasion New corporate income tax law aims to halt tax evasion
In the latest draft of Law on Corporate Income Tax, the Ministry of Finance has raised a regulation aimed at preventing multinational companies with related-party transactions from evading taxes.
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.
Overview of the legal framework applicable to logistics services in Vietnam Overview of the legal framework applicable to logistics services in Vietnam
Under the legislation on investment, the provision of logistics services qualifies as a conditional business line. The current legal framework applicable to logistics services was enacted in line with the Schedule of Specific Commitments in Services resulting from the negotiations between Vietnam and WTO members.

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