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Official Gazette

Wednesday, June 3, 2020
Tags: fertilizers
Official Gazette issues Nos 105-108/2019 published on February 04 2020 Official Gazette issues Nos 105-108/2019, published on February 04, 2020
Corporate liability for offenses against the economic management order in Vietnam Corporate liability for offenses against the economic management order in Vietnam
The 2015 Penal Code (revised in 2017) (the Code) is Vietnam’s first and only code that holds commercial legal persons criminally liable for committing criminal acts. This is a breakthrough in the country’s criminal justice policy and leads to a substantial change in the general perception about crime and punishment. It also applies various penalties to commercial legal persons found liable for crimes[1], including three principal penalties (fine, suspension from operation, and termination of operation), three additional penalties (prohibition from doing business or operating in certain areas, prohibition from raising capital, and fine, when not imposed as a principal penalty), and five judicial measures (confiscation of objects and money directly related to the crime; return of property, redress of or compensation for damage; coerced public apology; coerced restoration to the original state; and coerced application of measures to redress and prevent further consequences).
Law on Crop Production Law on Crop Production
From January 1 next year, the Law on Crop Production  will take effect, superseding the 2004 Ordinance on Plant Varieties.
Personal liability and corporate liability under new Penal Code Personal liability and corporate liability under new Penal Code
On June 20, 2017, the National Assembly passed the revised Penal Code. It became effective on January 1, 2018. Several significant changes have occurred. Several acts, previously criminal, are no longer punishable. On the other hand, several previously innocent acts have been criminalized. One very large change is that an enterprise-not just an individual-may now be guilty of a crime1.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Official Gazette issues Nos 5-7 July 2016 published on October 5 2015 Official Gazette issues Nos 5-7 July 2016, published on October 5, 2015
More incentives to lure agriculture investors More incentives to lure agriculture investors
In implementation of Government Resolution No. 35/NQ-CP on enterprise support and development to 2020, the Ministry of Agriculture and Rural Development will review its policies to facilitate investors in the agriculture sector. Deputy Minister of Agriculture and Rural Development Ha Cong Tuan talks with Vietnam News Agency on the issue.
Heftier fines proposed for unlawful advertising acts Heftier fines proposed for unlawful advertising acts
Unlawful advertising of drugs, fertilizers and bioproducts would be subject to fines higher than the current ones, according to a draft decree revising Decree No. 131 and Decree No. 158 issued in 2013.
Finance sector gets ready for international economic integration Finance sector gets ready for international economic integration
International economic integration plays a crucial role in accelerating economic development and enhancing the political position of Vietnam in the world. The finance sector’s integration and cooperation activities have actively contributed to promoting international economic integration and national economic reform through boosting international trade as well as regional and sectoral restructuring. In 2015, along with further scrutinizing, revising and issuing tariffs for implementing the free trade agreements (FTAs) currently in force, the finance sector took the initiative in devising plans for negotiation and conclusion of several FTAs, including the TPP agreement, the EU-Vietnam bilateral FTA, the Vietnam-RoK FTA and the Vietnam-Eurasian Economic Union FTA.
Draft decision to reduce state holdings in businesses Draft decision to reduce state holdings in businesses
State-owned enterprises (SOEs) would be classified into three groups, including wholly SOEs, enterprises with 65 percent or more of state holdings, and enterprises with over 50 percent to below 65 percent of total shares held by the State.

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