Investment projects on commercial operation of technical infrastructure in craft village industrial clusters would be entitled to land rental exemption for the entire rental period, instead of just 15 years as at present.

All steps of an online auction from making auction announcement and selling auction documents and receiving bidders’ dossiers to holding auction and announcing the winning bid would be carried out in the cyber environment.

The National Assembly (NA) Standing Committee commenced its 20th session in Hanoi on February 13 morning.

The MOF has tabled to the Government a draft decree with three measures designed to provide in detail the management and use of public non-residential land and houses.

The Ministry of Finance (MOF) has recently submitted to the Government a draft decree to amend Decree 65 on private placement of corporate bonds in the domestic market and bond offering in the international market.

Individuals and households would be permitted to build their own houses under urban development investment projects provided that they comply with the land and real estate business laws.

The Government would decide on the foreign holding cap in credit institutions that acquire poorly performing banks under restructuring plans at the request of competent authorities which, however, would not exceed 49 percent of charter capital of the acquiring credit institutions.

From the beginning of next year, foreign-invested economic organizations and foreign expats in Vietnam could use insurance services, including also life insurance and health insurance services, provided by foreign insurers across the border, according to a draft decree guiding the 2022 Insurance Business Law.

A trader would be permitted to self-certify the origin of exported goods if fully meeting the conditions specified in a draft decree designed by the Ministry of Industry and Trade (MOIT) to amend Decree 31 of 2018.

Mutual micro-insurance organizations would be required to have an amount of charter capital not lower than VND 10 billion (USD 421,400) upon registration for establishment and maintain at least 1,000 members after six months of operation.