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Official Gazette

Monday, May 10, 2021
Tags: draft circular
Domestic and overseas sellers on e-commerce platforms to be taxed Domestic and overseas sellers on e-commerce platforms to be taxed
The Ministry of Finance is working on two draft legal documents on tax administration, aiming to close current loopholes in the tax systems, especially those related to collection of tax on e-commerce and digital platform-based trading activities.
Traditional drugs to be placed under stricter quality control Traditional drugs to be placed under stricter quality control
Manufacturers would have to test the quality of medicinal materials, traditional medicaments as well as primary packaging of traditional drugs before putting them into production.
Criteria for identifying eco-industrial parks laid out Criteria for identifying eco-industrial parks laid out
An industrial park would be recognized as an eco-industrial park if enterprises located therein are aware of and apply solutions for efficient use of natural resources and cleaner production, according to a draft circular formulated by the Ministry of Planning and Investment to guide the construction of eco-industrial parks and eco-businesses.
Procedures for issuance of chip-based ID cards to be simplified Procedures for issuance of chip-based ID cards to be simplified
From the beginning of 2021, citizens would not be required to fill in declarations in paper form when applying for issuance, renewal and reissuance of chip-based ID cards, according to a draft circular prepared by the Ministry of Public Security (MPS).
Career orientation to be incorporated in primary education programs Career orientation to be incorporated in primary education programs
Career orientation, job counseling and startup assistance would be incorporated in educational programs of all levels, ranging from primary education to higher education.
Liquor and tobacco products to be e-stamped Liquor and tobacco products to be e-stamped
Domestically produced and imported liquor and tobacco products that are subject to excise tax must be affixed with e-stamps, according to a draft circular on printing, issuance, management and use of e-stamps recently released by the Ministry of Finance for public opinion.
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.