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Official Gazette

Saturday, August 15, 2020
Tags: finance
Securities violators to face heftier fines Securities violators to face heftier fines
The Ministry of Finance has proposed a maximum fine of VND 3 billion (USD 130,000) and VND 1.5 billion (USD 65,000) for organizations and individuals, respectively, committing securities-related violations.
Interest groups must not profit from States assets: Deputy PM Interest groups must not profit from State’s assets: Deputy PM
Stopping interest groups from buying State assets at below market prices is a top priority, said Deputy Prime Minister Truong Hoa Binh at a meeting with Government officials on August 10 on the equitisation and recall of State capital from State-owned enterprises (SOE).
Draft law offers more supports for Vietnamese guest workers Draft law offers more supports for Vietnamese guest workers
Vietnamese guest workers would be provided with employment placement and psychosocial counseling services when returning home after completing their overseas employment contracts.
Businesses to enjoy higher deduction rate of loan interest expenses Businesses to enjoy higher deduction rate of loan interest expenses
The deduction limit of enterprises’ total loan interest expenses will be increased to 30 percent from the current 20 percent of earnings before interest, tax, depreciation and amortization (EBITDA).
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.
Leaders of Vietnam US exchange congratulations on diplomatic ties Leaders of Vietnam, US exchange congratulations on diplomatic ties
Leaders of Vietnam and the US have exchanged congratulations on the occasion of the 25th anniversary of the diplomatic relations between the two countries (July 12).
Vietnam wishes to further promote cashless payment Vietnam wishes to further promote cashless payment
The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.
Legal framework being improved to implement EVFTA Legal framework being improved to implement EVFTA
Tax policies are being specified while customs procedures simplified to improve the legal framework to facilitate the European Union - Vietnam Free Trade Agreement enforcement.
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.
Program on national digital transformation approved Program on national digital transformation approved
The Prime Minister on June 3 signed Decision 749/QD-TTg to approve the national program on digital transformation until 2025, with a vision toward 2030, aiming to make Vietnam among the world’s top 50 countries in terms of the E-Government Development Index (EGDI).

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