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Official Gazette

Saturday, October 24, 2020
Tags: draft circular
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.
Ministry switches green light for secured short sale intraday transactions Ministry switches green light for secured short sale, intraday transactions
Investors would be allowed to perform secured short sale and intraday transactions in the near future when technical conditions permit, according to a draft circular to replace Circular 203 of 2015 regarding transactions in the stock market.
New circular helps perfect financial products and stock market: expert New circular helps perfect financial products and stock market: expert
The State Securities Commission’s draft circular to replace an older one on the guidelines for securities trading is in line with modern trends, perfecting financial products and their diversities, adjusting trading time to suit the needs of domestic and foreign investors, said an expert.
Draft sets out working conditions for minor employees 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.
Draft circular aims at stricter control of corporate bond-related transactions 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 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.
Ministry proposes joint training in higher education Ministry proposes joint training in higher education
Higher education institutions, academies and institutes of Vietnam may coordinate with their foreign partners in providing online or combined classroom and online joint training courses at bachelor’s, master’s, and doctor’s levels.
Bidding required for state budget-funded radio and television broadcasts Bidding required for state budget-funded radio and television broadcasts
The production of radio and television broadcasts and provision of Internet-based radio and television services using state budget funds would be implemented through bidding or order placement.
Anti-money laundering regulations to be revised Anti-money laundering regulations to be revised
Payment intermediary service providers would have to apply measures to prevent and combat money laundering as financial institutions do. Such is provided in a draft decree prepared by the State Bank of Vietnam to revise several articles of Decree 116 of 2013.
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.

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