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Official Gazette

Sunday, December 8, 2019
Tags: draft decree
First-ever regulations on e-money to be issued First-ever regulations on e-money to be issued
The State Bank of Vietnam (SBV) is working on a draft decree to revise Decree 101 of 2012 on non-cash payment, introducing for the first time regulations on e-money.
Equitized public non-business units to enjoy preferential policies Equitized public non-business units to enjoy preferential policies
Joint-stock companies transformed from public non-business units would enjoy incentives like newly established businesses, according to a draft decree prepared by the Ministry of Finance.
Anti-money laundering regulations to be revised Anti-money laundering regulations to be revised
Payment intermediary service providers would have to apply measures to prevent and combat money laundering as financial institutions do. Such is provided in a draft decree prepared by the State Bank of Vietnam to revise several articles of Decree 116 of 2013.
Ministry to tighten management and use of ODA loans Ministry to tighten management and use of ODA loans
Official development assistance loans must be used for infrastructure projects, climate change response, health care and education but not for payment of debts and current expenditures.
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.
Passengers to enjoy higher compensation for airline service failures Passengers to enjoy higher compensation for airline service failures
Air carriers would be required to pay a compensation of up to VND 4.1 billion (USD 173,000) to victims of plane accidents, according to a draft decree compiled by the Ministry of Transport.
NA Standing Committees 37th session wraps up NA Standing Committee’s 37th session wraps up
The National Assembly Standing Committee concluded its 37th session in Hanoi on September 20 under the chair of NA Chairwoman Nguyen Thi Kim Ngan.
MIC determined to sweep away spam messages MIC determined to sweep away spam messages
All organizations and individuals would have the right to register for refusal of all types of advertising messages and advertising calls to phone numbers under their lawful ownership, according to a draft decree compiled by the Ministry of Information and Communications to control spam messages, emails and calls.
National Innovation Center to be built under special mechanism National Innovation Center to be built under special mechanism
All activities related to construction and formulation of management and operation model of the National Innovation Center would not undergo normal procedures but follow a special and fast-track process.
Ministry to set Made in Vietnam criteria Ministry to set 'Made in Vietnam' criteria
‘Made in Vietnam’ products are required to have a localization rate of 30 percent and be partly produced in Vietnam. This is one of the criteria set by the Ministry of Industry and Trade in a draft circular providing criteria for products eligible to be classified as ‘made in Vietnam’.

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