LEGAL UPDATES
REGULATIONS ON MANAGEMENT AND SALARY EXPENSES FOR SOCIAL AND HEALTH INSURANCES FROM 2022 TO 2024
- 30-09-2022
- 575
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On September 22, 2022, the Prime Minister issued Decision No.19/2022/QD-TTg (“Decision 19”) stipulating the expenses for the management of social insurance, unemployment insurance and health insurance in the period of 2022 – 2024. Decision 19 contains the following notable contents: 1. The maximum management…
FROM 01/01/2023, WHAT SHOULD CITIZEN DO TO VERIFY RESIDENTIAL INFORMATION WITHOUT HAVING CITIZEN IDENTITY CARD WITH CHIP?
- 30-09-2022
- 9790
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In accordance with the 2020 Law on Residence, residential information shall be integrated into the citizen identification card (“CIC”) with electronic chip, replacing family registers and temporary residence registers. Article 38.3 of the 2020 Law on Residence determined that family registers and temporary…
NEW REGULATIONS TIGHTENING PRIVATE BOND TRADING ACTIVITIES
- 23-09-2022
- 666
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The rapidly growing corporate bond market has exposed many risks of this capital raising method. The consequences of these risks are extremely serious, evident from several incidents. The severity of those cases has rendered this market almost freezing. In that context, on September 16, 2022, the Government…
TIGHTENING SAFETY AND SECURITY CONDITIONS OF KARAOKE BUSINESSES
- 16-09-2022
- 535
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Recently, a series of tragic fires occurred at karaoke service businesses, causing tremendous damages to both people and properties. At the same time, the problem of karaoke businesses not ensuring security and order also makes people extremely angry. In order to restrain this situation, on September…
50% DISCOUNT ON CITIZEN INFORMATION VERIFICATION FEES UNTIL 31/12/2023
- 16-09-2022
- 539
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On August 03, 2022, the Ministry of Finance issued Circular 48/2022/TT-BTC ("Circular 48") stipulating the collection, submission, management and use of fees for extracting and using information in the National Population Database ("NPD"). Circular 48 shall take effect from September 17, 2022. Accordingly,…
NOTABLE CHANGES TO REGISTRATION AND MANAGEMENT OF OPERATIONS OF FOREIGN NON-GOVERNMENTAL ORGANIZATIONS IN VIETNAM
- 16-09-2022
- 577
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On August 31, 2022, the Government issued Decree 58/2022/ND-CP (“Decree 58”) replacing Decree 12/2012/ND-CP (“Decree 12”) in order to amend and supplement regulations on registration and management of operation of foreign non-governmental organizations (“FNGOs”) in Vietnam. Decree 58 has various changes…
MUTIPLE NEW CASES ARE CONSIDERED TO BE GIVEN SUSPENDED SENTENCE
- 16-09-2022
- 608
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A suspended sentence is a conditional measure of exemption from prison sentence, applicable to imprisonment of up to 3 years, based on the consideration of the offender's record and mitigating factors and imprisonment is deem unnecessary. The Resolution No. 01/2022/NQ-HDTP ("Resolution 01") amending…
THE MINISTRY OF PLANNING AND INVESTMENT HAS APPROVED THE PLAN ON SIMPLIFICATION OF VARIOUS ADMINISTRATIVE PROCEDURES IN THE SECTORS OF BIDDING AND CO-OPERATIVE ESTABLISHMENT
- 09-09-2022
- 689
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One of the principal missions in innovating administrative procedures, which is focused on by ministries, departments and localities, is fulfilling the legal framework; strictly governing the implementation of administrative procedures; and reviewing, proposing the reduction of inappropriate administrative…
INDIVIDUALS AND ORGANIZATIONS CAN USE ELECTRONIC IDENTIFICATION ACCOUNTS AS THEIR CITIZEN IDENTIFICATIONS/ENTERPRISE REGISTRATION CERTIFICATES WHEN ENTERING INTO ELECTRONIC TRANSACTIONS
- 09-09-2022
- 789
- 0
In order to implement the goal of establishing a national database on population and businesses of the State, on September 5, 2022, the Government issued Decree No. 59/2022/ND-CP (“Decree 59”) supplementing and concretizing regulations related to electronic identification and authentication in Decree…
PERSONAL DATA OWNED OR CREATED BY SERVICE USERS IN VIETNAM MUST BE STORED IN VIETNAM
- 09-09-2022
- 693
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The 2018 Law on Cybersecurity has been promulgated, taking effect from January 1, 2019. However, its enforcement has not satisfied the practice. Therefore, on August 15, 2022, the Government issued Decree No. 53/2022/ND-CP (“Decree 53”) detailing a number of articles of the Law on Cybersecurity. Decree…
NEW REGULATION ON SECURITIES PAYMENT AND CLEARING PROCESS
- 26-08-2022
- 561
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In order to facilitate and protect the benefits of investors participating in the stock market, on August 19, 2022, Vietnam Securities Depository (VSD) issued Decision 109/QĐ-VSD, stipulating the regulations of securities payment and clearing process (“Decision 109”), replacing Decision 211/QĐ-VSD dated…
CHARGE OF COMPULSORY THIRD-PARTY CIVIL LIABILITY INSURANCE EQUAL TO 5% CHARGE FOR COMPULSORY CONSTRUCTION WORKS INSURANCE
- 26-08-2022
- 704
- 0
In order to concretize regulations on compulsory insurance in construction investment activities according to Decree 20/2022/ND-CP dated March 10, 2022 and Decree 119/2015/ND-CP dated November 13, 2015, recently, on August 11, 2022, the Ministry of Finance issued Circular 50/2022/TT-BTC (“Circular 50”)…
SIMPLIFYING REGISTRATION PROCEDURES FOR ISSUANCE OR CHANGES OF INTERNATIONAL BOND
- 26-08-2022
- 603
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On July 29, 2022, the State Bank of Vietnam issued Circular No. 10/2022/TT-NHNN (“Circular 10”) guiding foreign exchange management with regard to the issuance of international bonds by enterprises that are not guaranteed by the Government. Compared to the current Circular (Circular 17/2013/TT-NHNN…
MORE VIOLATION CASES ON SECURITIES PAYMENT AND CLEARING PROCESS
- 26-08-2022
- 507
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On August 19, 2022, Vietnam Securities Depository (VSD) promulgated Decision No. 110/QD-VSD (“Decision 110”) with an attachment of Regulations on depository members at VSD, replacing the Regulations on depository members attached to Decision No. 112/QD-VSD (“Decision 112”) dated August 23, 2021. The…
-400x300.png "MANAGERS, TEACHERS, AND EMPLOYEES OF NON-PUBLIC PRESCHOOLS AND PRIMARY SCHOOLS AFFECTED BY COVID-19 EPIDEMIC MAY BE SUBSIDIZED UP TO 3.7 MILLION VND")
MANAGERS, TEACHERS, AND EMPLOYEES OF NON-PUBLIC PRESCHOOLS AND PRIMARY SCHOOLS AFFECTED BY COVID-19 EPIDEMIC MAY BE SUBSIDIZED UP TO 3.7 MILLION VND
- 19-08-2022
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Facing the impact of the Covid-19 pandemic on education, especially on non-public preschool and primary education, on August 11, 2022, the Government issued Resolution 103/NQ-CP (“Resolution 103”) on subsidies for managerial officials, teachers, and employees of non-public preschools and primary education…
