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Official Gazette

Friday, August 14, 2020
Tags: state
Penal liability of corporate legal persons for wildlife-related crimes Penal liability of corporate legal persons for wildlife-related crimes
The 2015 Penal Code prescribes heavy fines for corporate legal persons’ crimes violating regulations on management and protection of endangered, precious and rare wild animals, ranging from VND 300 million to VND 15 billion. This shows that Vietnam is always aware of the nature and danger of these crimes to the ecological environment.
Cabinet members discuss several draft laws Cabinet members discuss several draft laws
Several draft laws were scrutinized during a Government meeting chaired by Prime Minister Nguyen Xuan Phuc in Hanoi on August 12.
Strategy for State Audit development to 2030 adopted Strategy for State Audit development to 2030 adopted
Lawmakers agreed to promulgate a strategy for the development of State Audit from 2021 to 2030 at the 47th session of the National Assembly Standing Committee, which wrapped up in Hanoi on August 12.
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).
NA Standing Committee convenes 47th meeting NA Standing Committee convenes 47th meeting
The 47th meeting of the National Assembly (NA) Standing Committee opened in Hanoi on August 10.
Draft law offers more supports for Vietnamese guest workers Draft law offers more supports for Vietnamese guest workers
Vietnamese guest workers would be provided with employment placement and psychosocial counseling services when returning home after completing their overseas employment contracts.
National plan on adaptation to climate change approved National plan on adaptation to climate change approved
Requirements on adaptation to climate change will be integrated into the nation’s strategies and master plans, according to the national plan on adaption to climate change during 2021-30, with a vision toward 2050.
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).
Central bank to pilot fintech operations Central bank to pilot fintech operations
The State Bank of Vietnam is planning to apply on a pilot basis a regulatory sandbox allowing fintech companies to provide some banking services from 2021.

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