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Official Gazette

Saturday, October 24, 2020
Tags: the Ministry of Finance
New proposals to facilitate casino investment New proposals to facilitate casino investment
The Ministry of Finance has proposed some amendments to Decree 03 of 2017 on casino business, aiming to create favorable conditions for investors.
Ministry switches green light for secured short sale intraday transactions Ministry switches green light for secured short sale, intraday transactions
Investors would be allowed to perform secured short sale and intraday transactions in the near future when technical conditions permit, according to a draft circular to replace Circular 203 of 2015 regarding transactions in the stock market.
PM orders accelerating visa grant to foreign experts investors PM orders accelerating visa grant to foreign experts, investors
Prime Minister Nguyen Xuan Phuc on August 27 asked ministries and agencies to closely monitor and accelerate granting of visas to foreign experts and investors.
PM requests people-centered economic recovery solutions PM requests people-centered economic recovery solutions
Economic development must be ensured amid the COVID-19 pandemic to provide jobs and guarantee people’s livelihoods, Prime Minister Nguyen Xuan Phuc said on August 19.
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).
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).
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.

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