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Official Gazette

Monday, May 10, 2021
Tags: draft decree
Tobacco production and trading licenses to be valid for 5 years Tobacco production and trading licenses to be valid for 5 years
Those who wish to produce or trade in tobacco and tobacco products would be required to obtain licenses, according to a draft decree on tobacco business being circulated for public comment by the Ministry of Industry and Trade.
Donations mobilized from individuals to be publicized Donations mobilized from individuals to be publicized
Individuals would be allowed to mobilize, receive, distribute and use voluntary donations but have to report and make public relevant information when requested, the Ministry of Finance says in a draft decree to revise Decree 64 of 2008.
Foreign e-commerce traders to be under control Foreign e-commerce traders to be under control
Foreign traders and organizations that set up websites with Vietnamese domain names or in Vietnamese language or establish e-commerce trading floors with 100,000 transactions per year from Vietnam would have to register e-commerce activities with competent agencies.
Foreign multilevel marketing businesses face stricter conditions Foreign multilevel marketing businesses face stricter conditions
Foreign-invested enterprises would be allowed to register for doing business in the form of multilevel marketing (MLM) in Vietnam if they have at least three years’ experience of operating in MLM in another country.
Draft tightens insurers responsibility for indemnifying motor vehicle owners Draft tightens insurers’ responsibility for indemnifying motor vehicle owners
The Ministry of Finance has proposed changes to Decree 103 of 2008 regarding compulsory civil liability insurance of motor vehicle owners, aiming to facilitate motor vehicle owners’ participation in civil liability insurance and increase responsibility of insurance firms.
Rules on labeling of Vietnamese products to be specified Rules on labeling of Vietnamese products to be specified
Vietnamese goods and products circulated on the domestic market would no longer be labeled “Made in Vietnam” if a draft decree released by the MOIT is approved.
Offshore investment placed under stricter control Offshore investment placed under stricter control
Individuals would be banned from purchasing houses in foreign countries, according to a draft decree on offshore investment formulated by the Ministry of Planning and Investment to replace Decree 83 of 2015.
Public companies no longer allowed to decide on foreign holding caps Public companies no longer allowed to decide on foreign holding caps
The State Securities Commission has recently proposed abolishing a regulation permitting public companies to provide the maximum foreign ownership rate in their company charters. 
More regulations imposed on cross-border advertising service providers More regulations imposed on cross-border advertising service providers
Foreign companies providing cross-border advertising services in the cyberspace and generating income in Vietnam must observe Vietnam’s laws on tax, advertising, management, provision and use of Internet services, and cyber information.
Personal identification numbers to be issued for every citizen Personal identification numbers to be issued for every citizen
The national population database management agency would establish personal identification numbers for citizens having birth registration certificates but not yet been issued PINs.