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Official Gazette

Wednesday, September 26, 2018
Tags: draft decree
Government makes strides in reducing business conditions Government makes strides in reducing business conditions
The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.
Pay radio and television enterprises to be equitized Pay radio and television enterprises to be equitized
From now to 2020, state-owned pay radio and television service enterprises would be equitized and listed on the securities market, according to a draft decree revising Decree 06 of 2016 on management, provision and use of radio and television services.
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.
Draft decree on commercial infrastructure management sparks concerns Draft decree on commercial infrastructure management sparks concerns
The Ministry of Industry and Trade is seeking opinions from relevant sectors on its draft decree on the development and management of the country’s commercial infrastructure.
Investors need USD 44 million to establish universities in Vietnam Investors need USD 44 million to establish universities in Vietnam
Investors, both domestic and foreign, that wish to establish a university in Vietnam would be required to have a capital of at least VND 1 trillion (USD 43.9 million).
Ministry proposes merger of provincial departments Ministry proposes merger of provincial departments
Many provincial departments could be consolidated or merged in keeping with the Government’s determination to streamline the administrative apparatus, according to a draft decree unveiled this month by the Ministry of Home Affairs (MOHA).
Wage regulations reformed to suit market mechanisms Wage regulations reformed to suit market mechanisms
Businesses would likely narrow the pay gap among employees and recalculate wage scale based on productivity at work instead of seniority.
Government to cut half of business conditions in 2018 Government to cut half of business conditions in 2018
To promote fast and sustainable economic growth, efforts should be devoted to further improving the business climate and economic competitiveness, reforming specialized inspections of imports and exports and cutting business conditions.
MOLISA guides payment of social insurance premiums for foreign workers MOLISA guides payment of social insurance premiums for foreign workers
As from January 1, 2018, foreign workers in Vietnam would be required to pay premiums for three among five social insurance regimes, namely sickness, maternity and occupational disease.
State to monopolize via-account gold trading State to monopolize via-account gold trading
The State would hold monopoly in mobilizing gold from organizations and individuals and via-account gold trading.