Collect the latest updates of legal documents

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Guiding texts issued to facilitate enforcement of Housing Law

The Government and Ministry of Construction in July issued an array of documents to provide prompt guidance for implementation of the new Housing Law (the Law). These documents are set to come into force right on August 1, which is also the effective date of the Law.
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Revised Law on Asset Auction expected to improve auction quality

Scheduled to take effect on January 1 next year, the Law Amending and Supplementing a Number of Articles of the Law on Asset Auction, which was passed by the National Assembly on June 29, is expected to contribute to improving the quality and professionalism of operations of asset auction organizations.
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Government approves VAT cut till year end

The Government has just approved the reduction in value-added tax (VAT) on goods and services from July 1 to December 31 this year, in conformity with Resolution 142/2024/QH15 adopted by the National Assembly on June 29.
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Clients facing difficulties can repay loan principals through December 31, 2024

On June 18, 2023, the State Bank of Vietnam hereby promulgates the Circular No. 06/2024/TT-NHNN on amending and supplementing a number of articles of Circular No. 02/2023/TT-NHNN on credit institutions and foreign bank branches carrying out debt rescheduling and maintaining loan categories in order to help their clients facing difficulties.
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Management and use of charges in the selection of contractors

On April 19, 2024, the Ministry of Planning and Investment of Vietnam issues the Circular No. 05/2024/TT-BKHDT on elaborating provision and publishing of information on bidding and selection of contractors on Vietnam National E-Procurement System
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SBV to inspect gold trading activities

Credit institutions and gold trading enterprises will be subject to inspection in terms of compliance with policies and laws in gold trading activities, according to Decision 324/QD-TTGSNH2 issued by the State Bank of Vietnam (SBV) on May 17.
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Change the method for unlawful earnings on securities market

On December 19, 2023, the Minister of Finance issues the Circular No. 73/2023/TT-BTC on amending and supplementing a number of articles of the Minister’s Circular No. 117/2020/TT-BTC dated December 31, 2020, providing the method of calculating unlawful earnings and unlawful profits from violations of the law on securities and securities market.
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New rule aims to better control sea encroachment activities

To tighten the management of sea encroachment activities, the Government has recently required the identification of specific coastal locations, areas, boundaries, and coordinates of to-be-encroached sea areas to comply with the survey and mapping law.
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Amend the Rules of origin in AKFTA Agreement

On March 27, 2024, the Ministry of Industry and Trade No. 04/2024/TT-BCT on amending and supplementing several Articles of the Circular No. 20/2014/TT-BCT dated June 25, 2014, of the Minister of Industry and Trade on the implementation of rules of origin in the Agreement establishing Asean – Korea free trade area (AKFTA)
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Amend the dossier for issuance of airport or airfield registration certificates

On February 23, 2024, the Government issues the Decree NO. 20/2004/ND-CP on amending and supplementing a number of articles of Decree No. 05/2021/ND-CP dated January 25, 2021, of the Government, on the management, operation of airports and airfields, and Decree No. 64/2022/ND-CP dated September 15, 2022, of the Government amending and supplementing a number of articles of the Decrees regulating business activities in civil aviation.
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Efforts made to promote establishment of cottage industry zones

The Government has recently issued Decree 32/2024/ND-CP, on the management and development of cottage industry zones to attract small- and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business in concentrated production areas.
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Banks undergoing mass withdrawals might access to special loans

The State Bank of Vietnam (SBV) would provide special loans to commercial banks, cooperative banks, people’s credit funds, and microfinance institutions that are facing mass withdrawals to help them improve their solvency, according to the latest draft of the circular on special loans.
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Conditions for road motor vehicles brought into Vietnam

This is the content prescribed in Decree No. 30/2023/ND-CP dated March 07, 2024, of the Government providing the management of road motor vehicles registered overseas and brought into Vietnam by foreigners for tourism purposes
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Amending foreign trade development measures

On February 07, 2024, the Government issues Decree No. 14/2024/ND-CP on amending and supplementing several articles of the Decree No. 28/2018/ND-CP of March 1, 2018, detailing several articles of the Law on Foreign Trade Management regarding foreign trade development measures.
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Users without land-use rights certificates to be entitled to compensation upon land recovery by the State

Households and individuals that acquired residential land along with houses, independent houses and residential structures prior to July 1, 2014, but have yet to obtain certificates of land use rights or ownership of houses and other land-attached assets would be eligible for land compensation if they neither violate the land law nor fall into the case of ultra-vires allocation of land.
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MOIC puts forth more regulations related to domain names “.vn”

Organizations and individuals might request changing names of registrants of Vietnam’s national domain names “.vn” if finding that it is necessary to complete the process of donation or capital contribution for inheritance of the right to use the domain names.
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Cabinet sets out 17 national actions to combat money laundering

Deputy Prime Minister Le Minh Khai on February 23 signed Decision 194/QD-TTg, promulgating the national action plan to implement the Government’s commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.
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MOT to raise ceiling airfares next month

From the beginning of March, the ceiling price for tickets on domestic flight routes will be increased, according to Circular 34 recently issued by the Ministry of Transport.
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New policies related to road tolls

Effective from the beginning of February, Decree 90/2023/ND-CP provides regulations concerning the rates, collection, remittance, exemption, management, and use of road tolls.
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New strategy aims to expand social insurance coverage

By 2030, Vietnam will have 60 percent of the working-age population covered by social insurance, in which farmers and the informal sector’s workers covered by voluntary social insurance will account for some 5 percent.
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Government issues new regulations on land valuation

The Government on February 5 issued Decree 12/2024/ND-CP, specifying four land valuation methods instead of the current five, namely comparison method, income-based method, surplus-based method and land price adjustment coefficient method.
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National Strategy for people’s health protection approved

The Prime Minister has recently approved the National Strategy for protection, care and improvement of the people’s health through 2030, with a vision toward 2045, setting the target that all citizens will have access to quality healthcare services.
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New policy to get the best of overseas Vietnamese contributions to the nation

Overseas Vietnamese are expected to contribute more and more to the national development and always regarded as an extremely important resources as the nation is striving to accelerate its industrialization and modernization process for the goal of becoming a developed country with fairly high income by 2045.