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Official Gazette

Friday, July 10, 2020
Tags: framework
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.
36th ASEAN Summit: Leaders Vision Statement on a Cohesive And Responsive ASEAN 36th ASEAN Summit: Leaders’ Vision Statement on a Cohesive And Responsive ASEAN
The Association of the Southeast Asian Nations (ASEAN) leaders on Friday participated in the 36th summit of the grouping and has adopted the “ASEAN Leaders’ Vision Statement on a Cohesive And Responsive ASEAN: Rising Above Challenges And Sustaining Growth”.
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.
NA ratifies Convention 105 on Abolition of Forced Labor NA ratifies Convention 105 on Abolition of Forced Labor
The National Assembly on Monday ratified Convention 105 on Abolition of Forced Labor with 94.82 percent of NA deputies in agreement.
The Governments e-notary service to be launched in July The Government’s e-notary service to be launched in July
The national public service portal will launch its e-notary service on July 1, minister and head of the Government Office, Mai Tien Dung, said at a recent meeting with agencies to prepare for the roll-out of the service designed to certify electronically copies of original documents.
National Action Month for Children launched National Action Month for Children launched
The Ministry of Labor, Invalid and Social Affairs and Hanoi People’s Committee on June 1 launched the national action month for children 2020.
Proposal for ratification of EVIPA submitted to NA Proposal for ratification of EVIPA submitted to NA
Vice President Dang Thi Ngoc Thinh presented a proposal from the State President to the National Assembly for ratifying the EU-Vietnam Investment Protection Agreement, at the ninth session of the 14th NA in Hanoi on May 20.
Shaping a legal framework for cryptoassets in Vietnam Shaping a legal framework for cryptoassets in Vietnam
For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.
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.
Conflicts of interest between the lessee and the chargee of an asset: a view from secured lending practice Conflicts of interest between the lessee and the chargee of an asset: a view from secured lending practice
In lending practice, leasing out a charged asset is common practice for the chargor to exploit the value of such asset. There are still loopholes and drawbacks in the legal framework governing the relationship between the lessee and the chargee of an asset. For this reason, there are many risks facing banks as chargees.

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