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Official Gazette

Saturday, September 19, 2020
Tags: state agencies
Penal liability of corporate legal persons for wildlife-related crimes Penal liability of corporate legal persons for wildlife-related crimes
The 2015 Penal Code prescribes heavy fines for corporate legal persons’ crimes violating regulations on management and protection of endangered, precious and rare wild animals, ranging from VND 300 million to VND 15 billion. This shows that Vietnam is always aware of the nature and danger of these crimes to the ecological environment.
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).
Official Gazette issues Nos 44-48/2020 coming out on August 4 2020 Official Gazette issues Nos 44-48/2020, coming out on August 4, 2020
Land conflicts in emerging suburban areas in Vietnam: causes and effects Land conflicts in emerging suburban areas in Vietnam: causes and effects
This article takes initial steps in understanding causes and effects of land conflicts in Vietnam after the effect of the 2003 Land Law and its subsequent amendments. It examines institutional arrangements that govern land rights security but may have created biases toward different land users upon conflicting land use purposes. The analysis also examines the values of the two available large sample surveys in Vietnam (the citizen perception-based Vietnam Provincial Governance and Public Administration Performance Index (PAPI) and the firm perception-based Provincial Competitiveness Index (PCI)) in informing potential different treatments toward citizens and firms as land users.
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.
Central bank allows eKYC for online opening of payment accounts Central bank allows eKYC for online opening of payment accounts
Banks may apply an electronic Know-your-Client (eKYC) process to open payment accounts, instead of the traditional face-to-face one.
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.
MOF guides tax-related e-transactions MOF guides tax-related e-transactions
Taxpayers could conduct tax-related e-transactions around the clock via the portal of the General Department of Taxation or portals of other competent state agencies that are connected to the GDT’s, says a draft circular designed by the Ministry of Finance.
Constitutional defense: The ground for guaranteeing sovereignty of the people Constitutional defense: The ground for guaranteeing sovereignty of the people
The current Constitution of Vietnam stipulates that all state power belongs to the people. However, for several reasons, including the lack of a complete and comprehensive mechanism to defend the Constitution, the effectiveness of constitutional defense activities in Vietnam remains below expectations. This article analyzes the need and recommends some solutions for guaranteeing people’s sovereignty in the country through constitutional defense activities.
Management of citizen residence to be digitalized Management of citizen residence to be digitalized
From 2021, citizens would no longer need household registration books or temporary residence books to conduct legal transactions, according to the latest draft of the revised law on residence designed by the Ministry of Public Security.

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