More assistance proposed for human trafficking victims

Human trafficking victims who stay in social relief establishments would receive emergency protection as well as essential needs, medical support, psychological counseling and travel expenses.

Draft sets out working conditions for minor employees

Employers might employ persons aged under 15 to do jobs suitable to their health but must obtain the consent of their parents or guardians. It is highlighted in a draft circular on employment of under-15 persons prepared by the Ministry of Labor, Invalids and Social Affairs.

Securities violators to face heftier fines

The Ministry of Finance has proposed a maximum fine of VND 3 billion (USD 130,000) and VND 1.5 billion (USD 65,000) for organizations and individuals, respectively, committing securities-related violations.

Draft law offers more supports for Vietnamese guest workers

Vietnamese guest workers would be provided with employment placement and psychosocial counseling services when returning home after completing their overseas employment contracts.

Business registration procedures to be linked among state agencies

The Ministry of Planning and Investment is working on a draft decree allowing state management agencies in charge of enterprise registration, labor, insurance and taxation to coordinate with one another in shortening the time of carrying out procedures related to business startups.

New rules on work permits for foreigners proposed

Foreigners who enter Vietnam to work as specialists, managers, executive officers or technical workers for less than 20 days would be exempted from work permits.

Central bank allows eKYC for online opening of payment accounts

Banks may apply an electronic Know-your-Client (eKYC) process to open payment accounts, instead of the traditional face-to-face one.

International football betting via e-wallets and mobile money permitted

Bettors might use bank accounts, e-wallets and prepaid telecoms accounts to pay for their bets on horse and greyhound races and international football matches.

Draft circular aims at stricter control of corporate bond-related transactions

Credit institutions and foreign bank branches with a non-performing loan ratio of over 3 percent would be disallowed to buy corporate bonds, according to a draft circular recently released by the State Bank of Vietnam.

MOF guides tax-related e-transactions

Taxpayers could conduct tax-related e-transactions around the clock via the portal of the General Department of Taxation or portals of other competent state agencies that are connected to the GDT’s, says a draft circular designed by the Ministry of Finance.