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Official Gazette

Saturday, October 24, 2020
Tags: Vietnam Dong
Central bank revises regulations on forex transactions Central bank revises regulations on forex transactions
Foreign investors who have invested in government bonds issued in Vietnam dong could execute foreign exchange forward transactions with licensed credit institutions to hedge exchange rate risks, according to a draft circular recently released by the State Bank of Vietnam.
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.
Notes to intellectual property in mergers and acquisitions Notes to intellectual property in mergers and acquisitions
Merger and acquisition (M&A) activities aim at taking control of a company through a merger or acquisition deal between two or more businesses to partially or wholly own that company. Typically, M&A activities evaluate most of the target company’s assets which include intellectual property rights. M&A has become familiar and popular with the Vietnamese business community over the last decade.
Legislation on house ownership by foreigners: inadequacies and recommendations for improvement Legislation on house ownership by foreigners: inadequacies and recommendations for improvement
The 2014 Housing Law has new provisions for foreigners to own homes in Vietnam, making a breakthrough in attracting foreigners to work and live in the country. However, the applied term of house ownership for foreigners produces some negative effects that the law fails to anticipate. This article points out inadequacies in the regime of Vietnam-based house ownership by foreigners and gives recommendations for improvement.
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.
New laws going into effect in January 2019 New laws going into effect in January 2019
These include the Law on Forestry, the Planning Law, the Law on Cyber Security, the Law on Fisheries, the Law on National Defense, among others.
Foreign currency lending extended into 2019 Foreign currency lending extended into 2019
The State Bank of Vietnam has recently issued a circular to allow credit institutions and foreign bank branches to extend loans in foreign currencies to some borrowers in 2019, rather than cutting them off at the end of last year as planned.
Top 10 legal documents in 2018 Top 10 legal documents in 2018
Selected by Vietnam Law and Legal Forum magazine, these include the Law on Cyber Security, the Anti-Corruption Law, guiding texts of the Law on Foreign Trade Management, Government Decree 86/2018/ND-CP on foreign cooperation and investment in education, among others.

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