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Official Gazette

Sunday, July 25, 2021
MoF proposes to impose tariff on exported gold MoF proposes to impose tariff on exported gold
The Ministry of Finance (MoF) has just proposed to increase export tax on gold products of less than 95 percent purity to 2 percent from 0 percent.
Sea encroachment-related regulations to be decreed Sea encroachment-related regulations to be decreed
The Ministry of Natural Resources and Environment has released a draft decree on sea encroachment, proposing regulations on sea encroachment areas and sea encroachment plans, the licensing of sea encroachment as well as the management and use of land areas reclaimed due to sea encroachment.
Social insurance-covered workers can choose when to enjoy lump-sum insurance allowance Social insurance-covered workers can choose when to enjoy lump-sum insurance allowance
Employees may either request to be entitled to lump-sum social insurance allowance just after having ceased working for one year and stopping payment of social insurance premiums or wait until they reach the retirement age. For each option, they would receive different allowance levels.
Open policies proposed to lure foreign investment Open policies proposed to lure foreign investment
In order to facilitate attraction of foreign investment in the country, the Ministry of Planning and Investment is working on a draft decree on management of industrial parks and economic zones and a draft decision on special investment incentives.
Draft decree to tighten rules on foreign investment in multi-level marketing Draft decree to tighten rules on foreign investment in multi-level marketing
In the future, foreign investors who wish to register for multi-level marketing activities in Vietnam may need three consecutive years of experience in multi-level marketing in another country.
New method of making donations to be specified New method of making donations to be specified
Benefactors could make donations by bank transfer, instead of traditional ways such as giving donations in person to trustees or putting into donation boxes.
Incentives proposed to attract investment in agriculture Incentives proposed to attract investment in agriculture
Animal husbandry project owners would be entitled to a support at most equaling 50 percent of their projects’ total investment, which, however, must not exceed VND 10 billion (USD 435,000).
Draft circular aims to facilitate civil status registration Draft circular aims to facilitate civil status registration
Civil status information would be connected and shared among the electronic civil status database and national databases on population and insurance and databases of ministries, sectors and localities.
Investment-related violators to face heftier fines Investment-related violators to face heftier fines
Those who use public investment capital for improper purposes or improper subjects or in excess of approved standards and norms would be subject to a fine of VND 50-70 million (USD 2,160-3,030), according to a draft decree recently released by the Ministry of Planning and Investment.
Charges and fees to be further reduced Charges and fees to be further reduced
From July 1, 30 types of charges and fees (29 types of charges and fees provided in Circular 112 of 2020 and a charge newly added at the request of the Ministry of Agriculture and Rural Development) would be further reduced by 10-50 percent.

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