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Official Gazette

Friday, July 10, 2020
Tags: enterprise
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.
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.
ASEAN Declaration on Human Resources Development for the Challenging World of Work ASEAN Declaration on Human Resources Development for the Challenging World of Work
Here is the full text of the ASEAN Declaration on Human Resources Development for the Challenging World of Work, which was adopted at the teleconferenced 36th ASEAN Summit on June 26.
Law on Libraries Law on Libraries
From July 1 this year, the Law on Libraries (the Law) will supersede the 2000 Ordinance on Libraries (the Ordinance). Consisting of six chapters with 52 articles, the Law provides the establishment and operation of libraries and state management of libraries. It also defines the rights, obligations and responsibilities of agencies, organizations and individuals in library activities.
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.
Social insurance law: overview and solutions for improvement Social insurance law: overview and solutions for improvement
Social insurance is a main pillar of the social security system in Vietnam’s socialist-oriented market economy, which plays an important role in realizing social progress and justice, improving people’s lives, and ensuring socio-political stability and national sustainable development. Proper implementation of social insurance is the duty of the entire political system and responsibility of Party organizations and administrations, socio-political organizations, businesses and people. One of the key factors for proper implementation of social insurance is policies and laws governing this social service. This article examines limitations in the current legal system on social insurance and puts forward solutions for improvement of this important system.
Gov. releases detailed guidance on implementation of the Competition Law Gov. releases detailed guidance on implementation of the Competition Law
On March 24, the Government passed Decree 35/2020/ND-CP (Decree 35) guiding the implementation of a number of articles of the 2018 Competition Law (the 2018 Law) with several noteworthy contents.
Legal framework for enforcement of criminal judgments against businesses Legal framework for enforcement of criminal judgments against businesses
On April 8, 2020, the Government issued Decree 44/2020/ND-CP (Decree 44), prescribing enforcement of judgments against commercial legal persons in a move to detail the 2019 Law on Execution of Criminal Judgments. With this Decree, set to take effect from July, the legal framework for execution of criminal judgments against commercial legal persons has been fundamentally completed, guaranteeing the enforcement of the 2015 Penal Code’s provisions concerning criminal handling of commercial legal persons.
New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019 New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019
Adopted in late 2019 with many new changes, the amended Law on Securities, available on Official Gazette issues Nos. 136-144 of 2019, is expected to make a positive impact on the Vietnam’s stock market.
About 700000 firms to benefit from cut in corporate income tax About 700,000 firms to benefit from cut in corporate income tax
About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 percent from July 1 this year, down from the current rate of 20 percent.

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