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Official Gazette

Tuesday, July 14, 2020
Tags: foreign currency
Official Gazette issues Nos 01-04/2020 available on April 21 2020 Official Gazette issues Nos 01-04/2020, available on April 21, 2020
Building and improving the legal framework on foreign exchange management Building and improving the legal framework on foreign exchange management
In recent years, especially 2019, the world economy witnessed a series of insecurities. While almost all economies show signs of a slowdown, trade tensions among economic giants, especially the US-China trade war, continued to undergo complicated developments. As a result, the global growth rate in 2019 dropped to the lowest level since the 2008-09 financial crisis. Gold prices spiked and crude oil prices strongly fluctuated, giving rise to risks in the international market and consequently, many countries had to loosen their fiscal and monetary policies.
Draft law suggests two mechanisms to ensure feasibility of PPP projects Draft law suggests two mechanisms to ensure feasibility of PPP projects
The Government has submitted to the National Assembly the latest draft law on public-private partnership, proposing two mechanisms to ensure the feasibility of PPP projects.
Decree specifies fines for monetary-banking violations Decree specifies fines for monetary-banking violations
The Government on November 14 issued a decree specifying administrative sanctions for violations in the monetary and banking sectors.
SBV guides payment for goods in border-gate transfer SBV guides payment for goods in border-gate transfer
Payment for goods in border-gate transfer must be conducted via authorized banks, the State Bank of Vietnam requires in a draft circular guiding payment and money transfer for goods in border-gate transfer.
NA Standing Committee discusses draft PPP law NA Standing Committee discusses draft PPP law
The draft law on public-private-partnership projects, composed by the Ministry of Planning and Investment, was submitted to the National Assembly Standing Committee for consideration on September 16.
Information technology and telecoms-related crimes under Vietnams Penal Code Information technology and telecoms-related crimes under Vietnam’s Penal Code
In order to have legal grounds to prevent and properly punish increasingly sophisticated crimes related to information technology and telecommunications (ITT) networks, which could cause very serious consequences to socio-economic activities, national defense and security, ITT-related criminal acts need to be prescribed in the Penal Code as well as specialized laws[1]. In the 2015 Penal Code (revised in 2017) (the Code), these acts are grouped into nine crimes in Section 2 of Chapter XXI[2].
Vietnam recorded positive economic achievements in Q1 Vietnam recorded positive economic achievements in Q1
In the first quarter of 2019, Vietnam recorded positive economic achievements despite a range of difficulties both in and outside the country, Prime Minister Nguyen Xuan Phuc said at a Government cabinet meeting in Hanoi on April 2. The country’s GDP growth was estimated at 6.79 percent, while the macroeconomy was stabilized and foreign currency reserves were on the rise.
Official Gazette issues Nos 01-02/2019 available on April 01 2019 Official Gazette issues Nos 01-02/2019, available on April 01, 2019
SBV to reduce reserve requirement ratios on bank deposits SBV to reduce reserve requirement ratios on bank deposits
Credit institutions that take part in the central bank’s plan on supporting the restructuring of ailing credit institutions would be allowed to halve reserve requirements for all types of deposits.

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