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Official Gazette

Tuesday, July 7, 2020
Tags: Securities Law
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.
New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019 New revised Securities Law available on Official Gazette issues Nos. 136-144 of 2019
Adopted in late 2019 with many new changes, the amended Law on Securities, available on Official Gazette issues Nos. 136-144 of 2019, is expected to make a positive impact on the Vietnam’s stock market.
Top ten legal documents in 2019 Top ten legal documents in 2019
Selected by Vietnam Law and Legal Forum magazine, these include the Labor Code, the Law on Exit and Entry of Vietnamese Citizens, Prime Minister Decision 1068/QD-TTg,Law on Tax Administration, and a Prime Minister Decision adopting the national strategy for intellectual property rights, among others.
NA approves the development plan for next year targeting 6.8 percent GDP growth NA approves the development plan for next year, targeting 6.8 percent GDP growth
The 14th National Assembly on November 11 adopted the Resolution on the socio-economic development plan for 2020, striving for 6.8 percent GDP growth rate and higher national competitiveness.
NA Standing Committee to question ministers NA Standing Committee to question ministers
Fifteen ministers and leaders of sectors will field questions lawmakers this week at the 36th session of National Assembly (NA) Standing Committee.
Law amending 37 planning-related laws Law amending 37 planning-related laws
The Law amending 37 laws related to the Planning Law (the Law) was passed at the sixth session of the 14th National Assembly in November last year.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.
Draft decree raises foreign holding cap in domestic airlines Draft decree raises foreign holding cap in domestic airlines
Foreign investors would be allowed to hold up to 49 percent of charter capital in a domestic airline, instead of the current 30 percent, according to a draft decree recently unveiled by the Ministry of Transport.
Nine solutions for a sustainable securities market Nine solutions for a sustainable securities market
Since its founding 22 years ago, Vietnam’s securities market has significantly grown and constantly improved its structure as an important capital raising channel of the economy, contributing to improving the market economy institution and promoting international integration.
Directive No. 26/CT-TTg of June 6 2017 Directive No. 26/CT-TTg of June 6, 2017
On further effectively implementing Resolution No. 35/NQ-CP of May 16, 2016, in the spirit of the Government siding with businesses

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