The State Bank of Vietnam has released a draft circular amending Circular 40 of 2011, specifying conditions for enterprises to acquire or redeem capital contributions at joint-venture banks if fully meeting the law-prescribed conditions.

Personal identification numbers issued to individuals under the law on citizen identification could be used as a substitute for tax identification numbers, according to a draft circular designed by the Ministry of Finance to amend Circular 105 of 2020 on tax registration and Circular 19 of 2021 guiding e-tax transactions.

The Ministry of Industry and Trade is working on a draft decree to replace Government Decree 124 of 2017, aiming to further facilitate offshore investment in the oil and gas industry.

The Ministry of Construction has recently publicized a draft amended Law on Real Estate Business that is expected to help develop the real estate market in a transparent and sustainable manner.

Social housing project owners would no longer be required to reserve 20 percent of the floor areas for lease, according to the National Assembly’s draft resolution on pilot implementation of policies for development of social houses and workers’ accommodations in industrial parks.

The Ministry of Health is working on a draft circular on the determination of prices of medical device bidding packages at public hospitals, which is expected to remove current bottleneck in bidding for procurement of drugs and medical supplies.

The Ministry of Labor, Invalids and Social Affairs is gathering public comments on a draft amended Law on Social Insurance which is scheduled to replace its 2014 version from 2025.

The Ministry of Industry and Trade is working on a draft decree revising Decree 14 of 2018 on border trade, with a view to boosting cross-border export of goods via official channels, reducing risks in unofficial-quota trade while preventing the abuse of the trade and exchange of goods between border residents for tax evasion purposes.

Visitors from all countries and territories in the world would be allowed to enter Vietnam on e-visas. This idea was consented by the Government in a recent meeting on new policies in management of foreigners’ entry into, exit from, transit through and residence in Vietnam.

The Ministry of Public Security (MPS) has recently unveiled a draft revised Law on Citizen Identification, which is scheduled to replace the 2014 Law on Citizen Identification, adding regulations on management and issuance of citizen’s identity cards (ID cards), inclusion of more information in ID cards, and development of electronic identification (e-ID).