LEGAL UPDATES
-400x300.png "FROM THE DATE OF 1ST AUGUST 2024, PERSONS WITH TOTAL MONTHLY ACTUAL INCOME OF LESS THAN 15 MILLION VND ARE ELIGIBLE TO BUY SOCIAL HOUSING")
FROM THE DATE OF 1ST AUGUST 2024, PERSONS WITH TOTAL MONTHLY ACTUAL INCOME OF LESS THAN 15 MILLION VND ARE ELIGIBLE TO BUY SOCIAL HOUSING
- 03-08-2024
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On July 26, 2024, the Government issued Decree No. 100/2024/ND-CP detailing certain provisions of the Housing Law regarding the development and management of social housing ("Decree 100"). In general, Decree 100 adds many new provisions that create incentives for investors in social housing projects…
-400x300.png "FOREIGN ORGANIZATIONS AND INDIVIDUALS ARE ALLOWED TO OWN A MAXIMUM OF 250 INDEPENDENT HOUSES IN AN AREA WITH A POPULATION OF 10,000 PEOPLE")
FOREIGN ORGANIZATIONS AND INDIVIDUALS ARE ALLOWED TO OWN A MAXIMUM OF 250 INDEPENDENT HOUSES IN AN AREA WITH A POPULATION OF 10,000 PEOPLE
- 02-08-2024
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On July 24, 2024, the Government issued Decree No. 95/2024/ND-CP detailing the 2023 Housing Law ("Decree 95") to replace Decree No. 99/2015/ND-CP ("Decree 99"). In general, compared to Decree 99, Decree 95 adds more mechanisms to create more homeownership opportunities for citizens and better ensure…
-400x300.png "STRENGTHENING DECENTRALIZATION OF AUTHORITY IN THE PROCESS OF MANAGING STATE CAPITAL REPRESENTATION IN ENTERPRISES")
STRENGTHENING DECENTRALIZATION OF AUTHORITY IN THE PROCESS OF MANAGING STATE CAPITAL REPRESENTATION IN ENTERPRISES
- 02-08-2024
- 226
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On July 25, 2024, the Government issued Decree No. 97/2024/ND-CP ("Decree 97") amending and supplementing certain articles of Decree No. 10/2019/ND-CP ("Decree 10") on the exercise of rights and responsibilities of the State's owner representative. Decree 97 introduces several noteworthy new points…
THE LAWS ON LAND, HOUSING, REAL ESTATE BUSINESS, AND CREDIT INSTITUTIONS WILL OFFICIALLY TAKE EFFECT FROM 1ST AUGUST, 2024
- 26-07-2024
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On June 29, 2024, the National Assembly officially enacted Law No. 43/2024/QH15 ("Amendment Law") amending and supplementing certain provisions of the Land Law No. 31/2024/QH15 ("Land Law"), Housing Law No. 27/2023/QH15 ("Housing Law"), Real Estate Business Law No. 29/2023/QH15 ("Real Estate Business…
THE 2024 LAW ON AUCTION AMENDS AND SUPPLEMENTS GUIDANCE ON ASSET AUCTION PROCEDURES THAT HAS YET BEEN CLARIFIED IN THE CURRENT LAW
- 26-07-2024
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On June 27, 2024, the National Assembly promulgated the Law amending and supplementing several articles of the Law on Property Auction No. 01/2016/QH14, which had previously been amended and supplemented by Law No. 16/2023/QH15 (hereinafter referred to as the “Law on Property Auction 2024”). The amendments…
MORE GOODS AND SERVICES SUBJECT TO PRICE DECLARATION
- 19-07-2024
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On July 10, 2024, the Government issued Decree No. 85/2024/ND-CP ("Decree 85") detailing several Articles of the Price Law 2023. Decree 85 replaces Decrees No. 177/2013/ND-CP and No. 149/2016/ND-CP, which provided guidance on the 2012 Price Law (hereinafter collectively referred to as “Decree 177”).…
ORGANIZATIONS AND INDIVIDUALS CAUSING ENVIRONMENTAL POLLUTION ARE RESPONSIBLE FOR SITE CLEARANCE COMPENSATION IN THE POLLUTED AREA CAUSED BY THEM
- 19-07-2024
- 210
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On July 15, 2024, the Government issued the second Decree guiding the implementation of the Law on Land 2024 - Decree 88/2024/ND-CP ("Decree 88") regulating compensation, support and resettlement when the State recovers land to replace Decree 47/2014/ND-CP ("Decree 47"), it can be seen that the Government…
SPECIFIC MANAGEMENT CONTENTS TO BE DECENTRALIZED TO HO CHI MINH CITY FOR PILOTING
- 19-07-2024
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On June 24, 2023, the National Assembly passed Resolution 98/2023/QH15 ("Resolution 98") on piloting certain special mechanisms and policies for the development of Ho Chi Minh City (Resolution 98 has been updated by ATA at https://ata-legal.com/various-specific-policies-are-designed-for-ho-chi-minh-city-with-the-objective-of-developing-the-city-according-to-the-tod-model-prioritizing-the-attraction-of-strategic-investors-for-industrial-high-tech-and-transportation-infrastructure-projects…
-400x300.png "NEW REGULATIONS ON RISK RESERVE RATIO AND METHODS OF CREDIT INSTITUTIONS, INCLUDING MICRO-CREDIT INSTITUTIONS FROM JULY 11, 2024")
NEW REGULATIONS ON RISK RESERVE RATIO AND METHODS OF CREDIT INSTITUTIONS, INCLUDING MICRO-CREDIT INSTITUTIONS FROM JULY 11, 2024
- 19-07-2024
- 277
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The negative impacts from the world economic situation in general and the internal difficulties of the Vietnamese economy in the current period have significantly affected the production and business activities of enterprises, leading to a decline inability to repay bank principal/interest. According…
PROMOTING RENEWABLE ENERGY DEVELOPMENT THROUGH DIRECT POWER TRADING MECHANISM
- 19-07-2024
- 237
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To meet the trend of using clean energy by electricity customers, attract investment for sustainable renewable energy development to protect the environment, and aim to implement a competitive retail electricity market in Vietnam, on July 3, 2024, the Government issued Decree No. 80/2024/ND-CP, which…
-400x300.png "THE STATE BANK STRICTLY MANAGES THE PROVISION OF PAYMENT SERVICES THROUGH PAYMENT ACCEPTANCE UNITS")
THE STATE BANK STRICTLY MANAGES THE PROVISION OF PAYMENT SERVICES THROUGH PAYMENT ACCEPTANCE UNITS
- 12-07-2024
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On June 28, 2024, the State Bank of Vietnam issued Circular 15/2024/TT-NHNN (“Circular 15”) regulating the provision of non-cash payment services. Circular 15 introduces several noteworthy new provisions as follows: 1. The State Bank strictly manages the provision of payment services through Payment…
-400x300.png "FROM 01/01/2025, CUSTOMERS CAN ONLY WITHDRAW CASH FROM CREDIT CARDS WITH A LIMIT OF 100 MILLION VND PER MONTH")
FROM 01/01/2025, CUSTOMERS CAN ONLY WITHDRAW CASH FROM CREDIT CARDS WITH A LIMIT OF 100 MILLION VND PER MONTH
- 12-07-2024
- 355
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On June 28, 2024, the State Bank of Vietnam issued Circular 18/2024/TT-NHNN (“Circular 18”) regulating bank card operations. Circular 18 primarily supplements new regulations to strengthen the measures of organizations in ensuring safety in card transactions following the implementation of biometric…
-400x300.png "FOREIGN LOANS ARISING FROM THE ISSUANCE OF LETTERS OF CREDIT ARE NOT SUBJECT TO THE FOREIGN LOAN LIMITATION")
FOREIGN LOANS ARISING FROM THE ISSUANCE OF LETTERS OF CREDIT ARE NOT SUBJECT TO THE FOREIGN LOAN LIMITATION
- 12-07-2024
- 362
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On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 19/2024/TT-NHNN ("Circular 19") amending Circular 08/2023/TT-NHNN ("Circular 08") on conditions for foreign loans without government guarantees. Circular 19 has introduced several new types of foreign loans and regulations related…
-400x300.png "NEW BORROWERS WITH HIGH OUTSTANDING DEBTS MUST PROVIDE RELATED PARTIES INFORMATION IN THE APPLICATION DOSSIERS")
NEW BORROWERS WITH HIGH OUTSTANDING DEBTS MUST PROVIDE RELATED PARTIES INFORMATION IN THE APPLICATION DOSSIERS
- 12-07-2024
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On June 28, 2024, the Governor of the State Bank of Vietnam issued Circular 12/2024/TT-NHNN ("Circular 12") amending Circular 39/2016/TT-NHNN on lending activities of credit institutions and foreign bank branches to customers. Some important amendments and supplements of Circular 12/2024/TT-NHNN are…