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Official Gazette

Sunday, January 26, 2020
Tags: draft decree
Draft decree to boost public employees wages Draft decree to boost public employees' wages
Civil servants, public employees and members of the armed forces are set for a new basic salary, with the highest increase in the past eight years.
Government decree drafted to protect personal data Government decree drafted to protect personal data
The ministry said that new services using personal information, such as online payments, e-commerce, games, cryptocurrency trading and multi-level businesses, have raised issues related to national security and social order and safety.
Draft decree facilitates foreign petrol traders Draft decree facilitates foreign petrol traders
Traders engaged in petrol and oil production and processing might transfer their shares to foreign investors but the foreign holding rate must not exceed 34 percent and the traders must obtain approval from the Ministry of Industry and Trade.
MoF proposes fines for invoice violations MoF proposes fines for invoice violations
The Ministry of Finance has proposed fines of between VND 20 million and VND 50 million for the act of printing fraudulent invoices.
National public service portal officially launched National public service portal officially launched
The national public service portal, an electronic platform to connect the Government with people and enterprises, is scheduled to be officially open on Monday after nine months of construction.
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.

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