Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Friday, July 10, 2020
Tags: revise
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.
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.
Strict management of social networks proposed Strict management of social networks proposed
Social networks with one million or more active users or 10,000 or more permanent users per month would have to apply for an establishment license, according to a draft decree compiled by the Ministry of Information and Communications to revise Decree 72 of 2013.
Social insurance law: overview and solutions for improvement Social insurance law: overview and solutions for improvement
Social insurance is a main pillar of the social security system in Vietnam’s socialist-oriented market economy, which plays an important role in realizing social progress and justice, improving people’s lives, and ensuring socio-political stability and national sustainable development. Proper implementation of social insurance is the duty of the entire political system and responsibility of Party organizations and administrations, socio-political organizations, businesses and people. One of the key factors for proper implementation of social insurance is policies and laws governing this social service. This article examines limitations in the current legal system on social insurance and puts forward solutions for improvement of this important system.
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.
Law on Prevention and Control of Infectious Diseases Law on Prevention and Control of Infectious Diseases
The Law on Prevention and Control of Infectious Diseases has created a legal basis for control of the transmission of dangerous diseases across borders as well as mutual assistance in fighting epidemics between Vietnam and other countries in the region and the world.
First-ever regulations on e-money to be issued First-ever regulations on e-money to be issued
The State Bank of Vietnam (SBV) is working on a draft decree to revise Decree 101 of 2012 on non-cash payment, introducing for the first time regulations on e-money.
Anti-money laundering regulations to be revised Anti-money laundering regulations to be revised
Payment intermediary service providers would have to apply measures to prevent and combat money laundering as financial institutions do. Such is provided in a draft decree prepared by the State Bank of Vietnam to revise several articles of Decree 116 of 2013.
Fatherland Front to improve social oversight and criticism Fatherland Front to improve social oversight and criticism
The ninth National Congress of the Vietnam Fatherland Front wrapped up on September 20 after three days’ sitting. It sought measures to raise the efficiency of VFF’s member organizations in promoting the engagement of members and improving social oversight and criticism activities.
Provisions on VAT refund for foreigners to be amended Provisions on VAT refund for foreigners to be amended
The General Department of Customs is working on a draft circular to revise Circular 72 of 2014 regarding value-added tax refund for goods brought along by foreigners and overseas Vietnamese upon exit, with a view to boosting tourism.

Video

Vietnam Law & Legal Forum