LEGAL UPDATES
BANKS ARE NOT ALLOWED TO SEND MESSAGES CONTAINING LINKS TO CUSTOMERS
- 22-11-2024
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The State Bank of Vietnam has recently introduced Circular No. 50/2024/TT-NHNN on October 31st, 2024, which sets forth new regulations for security and privacy in online banking services. This circular supersedes previous circulars (No. 35/2016/TT-NHNN and 35/2018/TT-NHNN) and aims to strengthen the…
SECURITIES COMPANIES MUST PLACE PROPRIETARY TRADING ORDERS TO OFFSET PAYMENTS FOR TRANSACTIONS WITH INSUFFICIENT FUNDS FROM FOREIGN INSTITUTIONAL INVESTORS
- 08-11-2024
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On October 30, 2024, the Board of Members of the Vietnam Securities Depository and Clearing Corporation (VSDC) issued Decision No. 48/QD-HĐTV (“Decision No. 48”) promulgating the Regulations on Clearing and Settlement of Securities Transactions at VSDC, replacing Decision No. 15/QD-HĐTV. The new Regulations…
NEW CONTENTS ON BANK GUARANTEES FOR FUTURE HOUSING DEVELOPMENT
- 08-11-2024
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In the context of a fluctuating real estate market, particularly with the upcoming enactment of the 2023 Real Estate Business Law, the demand for bank guarantees for future residential real estate projects has been on the rise. To address this increasing need, the State Bank of Vietnam issued Circular…
FROM OCTOBER 21, 2024, HO CHI MINH CITY PROHIBITS LAND LOT DIVISION FOR SALE
- 01-11-2024
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The Law on Real Estate Business 2023 prohibits the subdivision and sale of land parcels within wards, districts, and cities classified as special-grade, grade I, grade II, and grade III urban centers; not being subject to auction of land use rights for investment in housing projects in accordance with…
THE GOVERNMENT ISSUES NEW POLICIES FOR DEVELOPMENT OF SELF-PRODUCTION AND SELF- CONSUMPTION ROOFTOP SOLAR POWER.
- 01-11-2024
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Amidst the global energy transition and the escalating demand for renewable energy, the development of rooftop solar power has become a pivotal trend to mitigate environmental harm. To foster and streamline the development of rooftop solar power, the Government promulgated Decree No. 135/2024/ND-CP…
SUPPLEMENTING NEW REGULATIONS ON THE ORGANIZATION AND ACTIVITIES OF THE ASSOCIATION
- 25-10-2024
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On October 8, 2024, the Government issued Decree No. 126/2024/ND-CP on the organization, operation, and management of associations ("Decree No. 126"), which includes amendments and supplements to a number of new points related to the regulations on the organization, operation, and management of associations…
BUSINESSES WILL BE FINED FOR ADMINISTRATIVE VIOLATIONS IF THEY DO NOT RECORD AND STORE ELECTRONIC INVOICES.
- 25-10-2024
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On October 17, 2024, the Bình Định Provincial Tax Department issued Official Letter No. 3892/CTBDI-TTHT in response to the South Central Coast Agricultural Science and Technology Institute regarding the "preservation and storage of electronic invoices". Accordingly, the tax authority clarified that…
CONDITIONS FOR PATIENTS TO BE DIRECTLY REIMBURSED BY HEALTH INSURANCE FOR THE COST OF MEDICATION AND MEDICAL EQUIPMENT WHEN HOSPITALS LACK MEDICATION STARTING FROM JANUARY 1, 2025.
- 25-10-2024
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According to the Law on Health Insurance, the Minister of Health is authorized to regulate special cases in which the health insurance organization is obligated to directly reimburse health insurance examination and treatment costs for health insurance card holders. Based on this, on October 18, 2024,…
DECREE 128/2024/NĐ-CP– ADJUSTING VARIOUS PROVISIONS TO FACILITATE MERCHANTS IN PROMOTIONAL ACTIVITIES.
- 18-10-2024
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On October 10, 2024, the Government promulgated Decree No. 128/2024/ND-CP ("Decree No. 128") to amend certain provisions of Decree No. 81/2018/ND-CP ("Decree No. 81") governing commercial promotion activities. In response to these amendments, ATA Legal Services has compiled a summary of the key changes…
DECREE 125/2024/ND-CP - DETAILED GUIDELINES ON PROCEDURES FOR ESTABLISHING SOFT SKILLS TRAINING UNITS.
- 18-10-2024
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On October 5, 2024, the Government issued Decree 125/2024/ND-CP on conditions for investment and operation in the education sector, replacing Decrees 46/2017/ND-CP and 135/2018/ND-CP ("Decree 125"). In essence, Decree 125 adjusts the investment conditions to be more suitable for practical implementation…
USING LAND BEFORE IT HAS BEEN OFFICIALLY HANDED OVER ON-SITE IS CONSIDERED AN ACT OF ENCROACHMENT OR ILLEGAL OCCUPATION OF LAND
- 11-10-2024
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To strengthen law enforcement in the land management sector, the Government has promulgated Decree No. 123/2024/ND-CP (“Decree No. 123”) on October 4, 2024. ATA Legal Services has summarized the key changes and implications of this new regulation as follows [1]: 1. The Decree supplementing the provisions…
THE VALIDATION OF CONTRACTS FOR THE CONVEYANCE OF LAND USE RIGHTS WHICH WERE NOT NOTARIZED DUE TO VIOLATIONS OF PARCEL SUBDIVISION CONDITIONS
- 11-10-2024
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On September 10, 2024, the Supreme People's Court of Vietnam issued Official Dispatch No. 163/TANDTC-PC ("Official Dispatch No. 163") providing guidance to the People's Courts on resolving certain judicial challenges. Notably, the letter includes new guidelines in the civil law area, such as: 1. The…
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HANOI: FROM OCTOBER 7, 2024, LAND CAN ONLY BE DIVIDED IF THE AREA IS 50M² OR MORE
- 04-10-2024
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In order to concretize and implement the new land policy as prescribed by the Vietnamese Land Law 2024, Hanoi People's Committee has promulgated Decision No. 61/2024/QD-UBND on September 27, 2024 (“Decision No. 61”), which regulates several land-related matters within Hanoi. ATA Legal Services has summarized…
PUBLIC SERVICE UNITS SHALL BE MANAGED MORE STRICTLY WHEN USING THE PUBLIC ASSETS FOR BUSINESS PURPOSES
- 04-10-2024
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On September 15, 2024, the Government issued Decree 114/2024/ND-CP ("Decree No. 114"), amending and supplementing certain provisions of Decree 151/2017/ND-CP ("Decree No. 151") detailing certain provisions of the Law on Management and Use of Public Property. Essentially, Decree No. 114 aims to enhance…
FROM JANUARY 1, 2025, LISTED ORGANIZATIONS AND LARGE-SCALE PUBLIC COMPANIES MUST DISCLOSE INFORMATION SIMULTANEOUSLY IN VIETNAMESE AND ENGLISH
- 27-09-2024
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On September 18, 2024, the Ministry of Finance issued Circular No. 68/2024/TT-BTC (“Circular 68”), which amends and supplements several provisions regarding securities transactions on the trading system, clearing and settlement of securities transactions, the operations of securities companies, and…
