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Official Gazette

Wednesday, June 3, 2020
Tags: startup
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.
SMEs to receive support for business startup SMEs to receive support for business startup
The Ministry of Planning and Investment is working on a draft national program to provide a total financial support of VND 5,000 billion (USD 216 million) for small- and medium-sized enterprises being innovative startups or participating in industrial clusters and value chains during 2021-25.
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
PM proposes ASEAN-RoK cooperation orientations PM proposes ASEAN-RoK cooperation orientations
Prime Minister Nguyen Xuan Phuc suggested increasing strategy in the partnership between the Association of Southeast Asian Nations and the Republic of Korea while addressing the first working session of the 2019 ASEAN-RoK Commemorative Summit in Busan on November 26.
Party determines to embrace Fourth Industrial Revolution Party determines to embrace Fourth Industrial Revolution
On September 27, Party General Secretary Nguyen Phu Trong signed Resolution 52-NQ/TW, on a number of policies on the nation’s proactive involvement in the Fourth Industrial Revolution, affirming that the nation will take strong actions to take advantage of opportunities brought by the Revolution. Vietnam Law and Legal Forum would like to introduce important contents of this Resolution.
More entities to enjoy business license fee exemption More entities to enjoy business license fee exemption
The Ministry of Finance is revising Decree 139 of 2016, proposing more entities eligible for exemption from the business license fee.
Official Gazette issues Nos 73-75/2019 coming out on November 04 2019 Official Gazette issues Nos 73-75/2019, coming out on November 04, 2019
National Innovation Center to be built under special mechanism National Innovation Center to be built under special mechanism
All activities related to construction and formulation of management and operation model of the National Innovation Center would not undergo normal procedures but follow a special and fast-track process.
Deputy PM wants to increase value of Vietnamese brands Deputy PM wants to increase value of Vietnamese brands
Deputy Prime Minister Vuong Dinh Hue has asked the Ministry of Industry and Trade and relevant departments to join hands to increase the value of Vietnamese brands to make inroads into international markets.
Toward a new circular regulating intermediary organizations in Vietnams science and technology market Toward a new circular regulating intermediary organizations in Vietnam’s science and technology market
A draft circular replacing Circular 16/2014/TT-BKHCN dated June 13, 2014, of the Minister of Science and Technology, will be finalized very soon. This new circular stipulates favorable conditions for the establishment and operation of intermediary organizations in Vietnam’s science and technology market in the coming time.

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