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Official Gazette

Friday, August 14, 2020
Tags: draft decree
More assistance proposed for human trafficking victims More assistance proposed for human trafficking victims
Human trafficking victims who stay in social relief establishments would receive emergency protection as well as essential needs, medical support, psychological counseling and travel expenses.
Central bank to pilot fintech operations Central bank to pilot fintech operations
The State Bank of Vietnam is planning to apply on a pilot basis a regulatory sandbox allowing fintech companies to provide some banking services from 2021.
Business registration procedures to be linked among state agencies Business registration procedures to be linked among state agencies
The Ministry of Planning and Investment is working on a draft decree allowing state management agencies in charge of enterprise registration, labor, insurance and taxation to coordinate with one another in shortening the time of carrying out procedures related to business startups.
New rules on work permits for foreigners proposed New rules on work permits for foreigners proposed
Foreigners who enter Vietnam to work as specialists, managers, executive officers or technical workers for less than 20 days would be exempted from work permits.
International football betting via e-wallets and mobile money permitted International football betting via e-wallets and mobile money permitted
Bettors might use bank accounts, e-wallets and prepaid telecoms accounts to pay for their bets on horse and greyhound races and international football matches.
Strict management of social networks proposed Strict management of social networks proposed
Social networks with one million or more active users or 10,000 or more permanent users per month would have to apply for an establishment license, according to a draft decree compiled by the Ministry of Information and Communications to revise Decree 72 of 2013.
Violations in joint training to face hefty fines Violations in joint training to face hefty fines
An education institution would carry a maximum fine of VND 70 million (USD 2,900) or VND 80 million (USD 3,400) if violating regulations on coordination with foreign partners in providing joint training or holding foreign language proficiency tests, respectively.
Coercive measures applicable to commercial legal persons to be decreed Coercive measures applicable to commercial legal persons to be decreed
Commercial legal persons that fail to serve or fully serve legally effective judgments or rulings of courts would be subject to freezing of bank accounts and securities accounts.
Central bank delays foreign ownership cap in payment services industry Central bank delays foreign ownership cap in payment services industry
The State Bank of Vietnam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree 101.
Draft sets out measures to protect personal data Draft sets out measures to protect personal data
The processing of personal data would be conducted only when data subjects so agree, unless otherwise provided by law, according to a draft decree on protection of personal data recently released by the Ministry of Public Security.

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