Stricter rules needed to manage mining right-related auctions

Prime Minister Pham Minh Chinh on November 11 issued Dispatch 1087/CD-TTg, requiring the strengthening of management over the implementation of auctions for mining rights, especially for minerals used as common building materials.

14/11/2023

Change the health insurance premium from the state budget

This is one of the new points prescribed in the Decree No. 75/2023/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 146/2018/ND-CP dated October 17, 2018, detailing, and guiding measures to implement, a number of articles of the Law on Health Insurance.

30/10/2023

PM urges special credit support for feasible realty projects

The Prime Minister has recently called for the drastic implementation of measures to develop the real estate market in a safe, healthy, and sustainable manner.

30/10/2023

Health Ministry officially downgrades COVID-19 to Group-B infectious disease

The COVID-19 epidemic has officially been downgraded to Group B, instead of the current Group A, according to a decision released on October 19 by the Ministry of Health

26/10/2023

Nation loosens regulation on foreign workers’ employment

The Government has recently revised Decree 152 of 2020, guiding the recruitment and management of foreign workers in Vietnam, in an attempt to create favorable conditions for foreigners working in the country.

16/10/2023

New Petroleum Law detailed for implementation

Taking effect on July 1, Decree 45, guiding a number of articles of the Law on Oil and Gas, is expected to facilitate the petroleum sector’s oil and gas exploitation and prospecting activities, thus contributing to its rapid and sustainable development.

16/10/2023

SMEs can borrow loans at preferential interest rate of 1.2 percent per year

The Small and Medium-sized Enterprise (SME) Development Fund of the Ministry of Industry and Trade has announced to provides loans to SMEs with a short-term interest rate of 1.2 percent per year and a long-term interest rate of 4.4 percent per year, under Decision 12/QD-HDTV of October 4, 2023.

12/10/2023

More punishments proposed for shirking social insurance premium payment

The Ministry of Labor, Invalids and Social Affairs has suggested more measures for dealing with acts of shirking payment of compulsory social insurance premiums.

11/10/2023

How do foreign workers apply or extend Vietnam visas?

What are the formalities for visa application or visa extension for foreign workers in Vietnam?

10/10/2023

Amend, supplement and annul legal normative documents on food safety

On September 25, 2023, the Ministry of Health issues the Circular No. 17/2023/TT-BYT on amending, supplementing and annulling a number of legal normative documents on food safety promulgated by the Minister of Health

09/10/2023

By 30% on reduction of land rental for 2023

On October 03, 2023, the Prime Minister hereby promulgates the Decision on reduction of land rental for 2023.

06/10/2023

New rule rolled out to develop open educational resources for higher education

By 2026, Vietnam will build and put into operation a portal of open educational resources, providing learning, teaching, and research materials for learners, officials, lecturers of higher education institutions and those who need to update higher education knowledge, according to Decision 1117/QD-TTg.

04/10/2023

Pilot disposal of bad debts of credit institutions to the end of December 31, 2023

On September 20, 2023, the Government issues the Resolution No. 148/NQ-CP on further implementation of Resolution No. 42/2017/QH14 regarding pilot disposal of bad debts of credit institutions.

02/10/2023

Vietnam shall have 30 airports and aerodromes by 2030

This is one of the important contents prescribed in Decision No. 648/QD-TTg approving the overall master plan for the development of the national system of airports and aerodromes for the 2021-2030 period, with a vision toward 2050.

29/09/2023

04 objectives not eligible to the collection of voters’ opinions on adjustment of administrative boundaries

On August 24, 2023, the Government issues the Decree No. 66/2023/ND-CP on amending and supplementing a number of articles of the Decree No. 54/2018/ND-CP guiding the collection of voters’ opinions on the establishment, dissolution, merger, separation and adjustment of boundaries, of administrative units.

27/09/2023

Vietnam to apply regulatory sandbox for development of circular economy

A regulatory sandbox for the development of a circular economy would be soon adopted for application in four potential fields, namely agriculture, forestry and aquaculture; industry; energy; and construction materials.

26/09/2023

Insurance-related violators to face heftier fines

The Ministry of Finance (MOF) has recently proposed raising fine levels for a lot of violations insurance-related violations, according to a draft decree revising the decrees concerning the sanctioning of administrative violations in the field of insurance business and lottery business, including Decree 98 of 2013, Decree 48 of 2018, Decree No. 80 of 2019, and Decree 102 of 2021.

26/09/2023

From January 01, 2024, only employ foreign workers after failing to recruit Vietnamese workers

This is one of the important contents prescribed in the Decree No. 70/2023/ND-CP on amending a number of the Decree No. 152/2020/ND-CP on foreign workers in Vietnam and recruitment and management of Vietnamese workers working for foreign organizations and individuals in Vietnam.

22/09/2023

From October 16, 2023: Increase 20% of fees in medical sector

On August 30, 3023, the Ministry of Finance issues Circular No. 59/2023/TT-BTC on prescribing fees in the medical sector, and collection, transfer, management, and use thereof.

21/09/2023

New Decree on foreign workers in Vietnam

On September 18, 2023, the Government issues Decree No. 70/2023/ND-CP on amending and supplementing a number of Articles of Decree No. 152/2023/ND-CP on foreign workers in Vietnam and recruitment and management of Vietnamese workers working for foreign organizations and individuals in Vietnam.

21/09/2023

Supplement 03 countries for Preferential Export Tariff and Special Preferential Import Tariff

On September 07, 2023, the Government issues Decree No. 68/2023/ND-CP on amending and supplementing a number of articles of Decree No. 115/2022/ND-CP on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff.

19/09/2023

More policies proposed to unlock investment flow into transport projects

The Ministry of Planning and Investment (MPI) has submitted to the Government a draft resolution on pilot implementation of policies in order to pave the way for investment in transport projects across the country.

18/09/2023

Format of domestic PPA from October 16, 2023

The Ministry of Industry and Trade has the guidance on power purchase agreements serving domestic purposes at Circular No. 16/2023/TT-BCT dated August 31, 2023.

15/09/2023

Papers for foreigners to carry out vehicle registration in Vietnam

I am a foreign expat currently working in Vietnam and have been granted a residence permit with a validity period of three years. I’m considering buying a motorbike or a car for use in Vietnam. What papers do I need for the vehicle registration process?

13/09/2023

How can foreigners register vehicles in Vietnam?

I am a foreign expat currently working in Vietnam and have been granted a residence permit with a validity period of three years. I’m considering buying a motorbike or a car for use in Vietnam. Can I register the vehicle under my name and what is the procedure for vehicle registration?

07/09/2023

Vietnam expects to apply global minimum tax in 2024

The Ministry of Finance has recently submitted the Government a draft resolution on the imposition of top-up corporate income tax under the Global Anti-Base Erosion (GloBE) model rules, which is expected to be adopted by the National Assembly for application from the beginning of next year.

05/09/2023

Country approves national energy master plan for 2021-30 period

By 2030, Vietnam will establish and develop several clean energy centers in the northern, central, and southern regions, and develop new energy production to meet domestic and export demands. The capacity of green hydroelectricity production is estimated at about 100,000-200,000 tons per year by 2030 and about 10-20 million tons annually by 2050.

05/09/2023

More investments lured to just energy transition process

From now to 2030, it is required to formulate and perfect the legal framework to facilitate the attraction of investors, businesses and people to engage in the just energy transition process and promote technology transfer.

05/09/2023

National important transport projects need accelerating: PM

Prime Minister Pham Minh Chinh on September 3 signed to promulgate Official Letter 780/CD-TTg, asking ministries and localities to speed up the progress of national important transport projects.

05/09/2023

Vietnam issues plan to implement Glasgow declaration on forests

Vietnam will closely manage natural forests, and gradually deal with forest and land degradation by 2025, according to Decision No. 993 dated August 24, on the national plan for implementation of the Glasgow Leaders’ Declaration on Forests and Land Use

29/08/2023

Supplement regulations on resources to support planning activities

The Government issues Decree No. 58/2023/ND-CP on amending and supplementing a number of Articles of Decree No.37/2019/ND-CP on detailing a number of articles of the Planning Law. In which, supplement regulations on resources to support planning activities.

28/08/2023

MOF proposes imposing emission charge on discharging facilities

All emission-discharging facilities would have to pay emission charge at the rate of VND 3 million (USD 125) per year, according to a draft decree on environmental protection charge for exhaust emissions designed by the Ministry of Finance (MOF).

26/08/2023

Former inmates to be provided with bank loans to restart their lives

From October 10, people released from prison will be entitled to borrow up to VND 100 million from the Bank for Social Policies within five years after their release for getting back to production and trade activities.

25/08/2023

Working party formed to review legal documents

A working party will be formed to review the current system of legal documents under Prime Minister Decision 945/QD-TTg dated August 11.

25/08/2023

From September 01, 2023: Cease 03 cases of prohibition on lending

This is the contents prescribed in the Circular No. 10/2023/TT-NHNN dated August 23, 2023 of the State Bank of Vietnam.

24/08/2023

SBV requires to reduce the loan interest rate from 1.5% - 2% per year

This is the main content prescribed in the Official Dispatch No. 6385/NHNN-CSTT to the credit institutions and branches on the implementation of proceed with solutions to reduce loan interest rates in accordance with the Government’s directives.

24/08/2023

Issue the List of 117 living things subject to plant quarantine

On August 15, 2023, the Ministry of Agriculture and Rural Development promulgates the list of living things subject to plant quarantine in Vietnam.

23/08/2023

From August 15, 2023, increase the temporary stay period to 45 days for citizens of 13 countries

The Government issues Resolution No. 128/NQ-CP dated August 14, 2023, on amending Resolution No. 32/NQ-CP dated March 15, 2022, on visa exemption for citizens of some countries.

22/08/2023

Vietnam visas for foreign citizens

Our family is planning a trip to Vietnam during the New Year festival. Could you tell us about the form and validity of Vietnam visas?

22/08/2023

Nation determines to strongly develop digital infrastructure

Vietnam expects to be among top 50 countries in the Information and Communications Technology (ICT) Development Index by 2025 and top 30 in the Digital Infrastructure Development Index by 2030.

22/08/2023

Master plan for development of social assistance facilities approved

By 2030, at least 90 percent of people with extremely difficult socio-economic conditions and without caregivers will be given consultation and assistance and managed by social assistance facilities, according to Decision 966/QD-TTg dated August 17.

21/08/2023

Vietnam to grant e-visas to all foreign arrivals

From August 15, Vietnam will issue electronic visas (e-visas) to citizens of all countries and territories around the world.

21/08/2023

Nation determines to strongly develop digital infrastructure

Vietnam expects to be among the top 50 countries in the Information and Communications Technology (ICT) Development Index by 2025 and top 30 in the Digital Infrastructure Development Index by 2030.

18/08/2023

Procedures for recording of inter-country marriage in the civil status register

What are the order and procedures for recording of inter-country marriage in the civil status register?

14/08/2023

Apply the measures against anti-dumping on cane sugar products

On August 03, 2023, the Ministry of Industry and Trade issues Decision No. 1989/QD-BCT on the outcomes of the first review of the imposition of anti-dumping and countervailing measures on cane sugar products imported from the Kingdom of Thailand.

11/08/2023

National master plans on energy and minerals announced

The Ministry of Industry and Trade held a conference on August 9 in Hanoi to announce the national master plans in the fields of energy and minerals for the 2021-30 period, with a vision toward 2050.

10/08/2023

New rules for better management of social media sites

All domestic and foreign social media sites providing cross-border services in Vietnam would be forced to require users to verify their mobile phone numbers upon registration of social media accounts.

07/08/2023

Draft Law on Road Traffic Order and Safety gives priority to children and vulnerable persons

The Ministry of Public Security has unveiled the draft Law on Road Traffic Order and Safety, focusing on ensuring safety for life and health of road users, especially children and vulnerable persons.

07/08/2023

More efforts needed to ensure national food security: PM

Ministers, heads of ministerial-level agencies, chairpersons of provincial-level People's Committees, the President of the Vietnam Food Association and rice exporters will have to take more drastic measures to ensure national food security and promote sustainable rice production and exports in the current period, according to Directive 24/CT-TTg of August 5.

07/08/2023

Conditions on borrowing of foreign loans not eligible for government guarantee

This is the contents prescribed in Circular No. 08/2023/TT-NHNN dated June 30, 2023, of the State Bank of Vietnam.

04/08/2023

Papers needed for cash declaration at border-gates customs offices

What papers to be produced to border-gates customs offices by persons on exit who carry foreign-currency or Vietnam-dong cash amounts subject to declaration?

01/08/2023

Cabinet leader urges prompt issuance of sub-law documents

Prime Minister Pham Minh Chinh on July 31 issued Document 692/TTg-PL, requiring ministries and ministerial-level agencies to take drastic solutions for prompt issuance of documents detailing the implementation of laws and resolutions adopted by the National Assembly.

01/08/2023

3 criteria for selecting contractor for petroleum contracts

On July 01, 2023, the Government issues the Decree No. 45/2023/ND-CP detailing a number of articles of Law on Petroleum.

01/08/2023

Decree No. 46/2023/ND-CP guiding the Law on Insurance Business

On July 01, 2023, the Government hereby issues Decree No. 46/2023/ND-CP detailing the implementation of a number of articles of the Law on Insurance Business.

31/07/2023

The procedure for organizing online auctions from September 01, 2023

On July 03, 2023, the Government issues Decree No. 47/2023/ND-CP on amending and supplementing a number of articles of Decree No. 62/2017/ND-CP on detailing a number of articles of and providing measures to implement the Law on Property Auction.

27/07/2023

MPI proposes stricter regulations on provisions of loans for SMEs

An enterprise that has already taken out a loan from the Small and Medium Enterprise Development Fund might borrow more money from the Fund to carry out another production and business project, but on the condition that it has paid the principal and interest of the former loan fully and timely.

27/07/2023

SBV provides VND 15 trillion-credit package to support forestry, fishery businesses

On July 19, the State Bank of Vietnam (SBV) issued Document 5631/NHNN-TD, guiding commercial banks to implement a credit package, worth VND 15 trillion (USD 641 million), for businesses in the forestry and fishery sector.

27/07/2023

Stiffer safety requirements for oil and gas facilities

The Government on July 1 issued Decree 45, detailing a number of articles of the Law on Oil and Gas, specifying requirements for ensuring safety in the engineering, manufacturing, construction, and operation of oil and gas facilities.

17/07/2023

Fees for citizen ID card issuance and other 35 fees from July 01, 2023

On June 29, 2023, the Ministry of Finance issues the Circular No. 44/2023/TT-BTC on fees and charges to support the people and enterprises.

17/07/2023

Incentives for investment in self-consumption rooftop solar power

The Ministry of Industry and Trade has submitted a draft to the Government for approval of a mechanism to promote the development of self-consumption rooftop solar power systems.

12/07/2023

Rates of the charge for granting certificates of origin (C/Os) from July 21, 2023

On June 06, 2023, the Ministry of Finance issues Circular No. 36/2023/TT-BTC prescribing the rates, collection, remittance, management, and use of the charge for granting certificates of origin (C/Os).

11/07/2023

Violators of audit-related regulations to be fined up to VND 100 million

From May 1, the effective date of the 2023 Ordinance on Sanctioning of Administrative Violations in the Field of State Audit, the maximum fine to be imposed on an institutional violator is VND 100 million; for an individual violator, this level is half, i.e., VND 50 million.

11/07/2023

Law on Water Resources to be revised for sustainable use of water resources

The Ministry of Natural Resources and Environment has recently unveiled a draft amended Law on Water Resources, proposing a number of noteworthy regulations on assurance of water security; protection of water resources; and mobilization of social sources for water development, among others.

11/07/2023

Decree on pilot auction of automobiles’ number plates from July 01, 2023

On June 26, 2023, the Government hereby issues Decree No. 39/2023/ND-CP detailing a number of articles of Resolution No. 73/2022/QH15 dated November 15, 2022, on the pilot auction of automobiles’ number plates.

10/07/2023

10 demands ineligible for borrowing loans from September 01, 2023

On June 28, 2023, the State Bank of Vietnam issues Circular No. 06/2023/TT-NHNN on amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN prescribing the provision of loans by credit institutions and foreign bank branches to clients.

07/07/2023

Decree on stipulating the policy on value-added tax reduction from July 01, 2023

On June 30, 2023, the Government issues the Decree No. 44/2023/ND-CP stipulating the policy on value-added tax reduction from July 01, 2023.

04/07/2023

Adjustments to Hanoi Master Plan: Urban development space on both sides of Ring Road 4

On June 06, 2023, the Prime Minister issues the Decision No. 700/QD-TTg dated June 16, 2023 on approving adjustments to Hanoi Master Plan by 2045, with a vision towards 2065

30/06/2023

New Decree on registration fee rates for domestically manufactured automobiles from July 01, 2023

The Government hereby issues Decree No. 41/2023/ND-CP prescribing registration fee rates for automobiles, trailers, or semi-trailers pulled by automobiles and vehicles like domestically manufactured and assembled automobiles.

28/06/2023

Amend the Decree on the management of land border gates

On June 16, 2023, the Government issues Decree No. 34/2023/ND-CP on amending and supplementing a number of articles of Decree No. 112/2014/ND-CP dated November 21, 2014, of the Government providing the management of land border gates.

23/06/2023

Extension of deadlines for excise tax payment for domestically manufactured, assembled automobiles

On June 21, 2023, the Government hereby promulgates the Decree No. 36/2023/ND-CP on the extension of deadlines for excise tax payment for domestically manufactured or assembled automobiles.

22/06/2023

The National Assembly Standing Committee approves the reduction of VAT of 8% from July 01, 2023

The General Secretary of the National Assembly issues the Notice No. 2298/TB-TTKHQ on the conclusion of the National Assembly Standing Committee on projects under the National Assembly's Resolution on reduction of value-added tax.

21/06/2023

New guidance on trading of privately placed corporate bonds

Circular No. 30/2023/TT-BTC guiding the registration, depository of, exercise of rights, transfer of ownership rights to, payment for, and organization of the market for trading of, privately placed corporate bonds in the domestic market is issued by the Ministry of Finance on May 17, 2023.

21/06/2023

Increase the charge for driving tests from August 01, 2023

On June 07, 2023, the Ministry of Finance issues Circular No. 37/2023/TT-BTC prescribing the rates, collection, remittance, management, and use of charge for driving tests; fee for grant of licenses or certificates of eligibility for operating all types of vehicles and fee for registration or grant of number plates for special-use vehicles.

19/06/2023

Updated interest rates in 2023

LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loan, outstanding housing support loan, short term loan...

19/06/2023

From July 17, 2023: Inspection and identification of the origin of exports in customs clearance

On May 31, 2023, the Minister of Finance issues the Circular No. 33/2023/TT-BTC prescribing the identification of the origin of exports or imports.

16/06/2023

03 subjects of public sector downsizing from July 20, 2023

In accordance with the Decree No. 29/2023/ND-CP dated June 03, 2023 on public sector downsizing, the Government prescribes 3 subjects of public sector downsizing from July 20, 2023.

15/06/2023

From July 15, 2023: Application of ordinary duty rates for imported goods

On May 31, 2023, the Prime Minister issues Decision No. 15/2023/QD-TTg providing for the application of ordinary duty rates for imported goods.

12/06/2023

From July 15, 2023: Fees for certificate of eligibility to provide environmental monitoring services

On May 31, 2023, the Minister of Finance of Vietnam issues the Circular No. 34/2023/TT-BTC prescribing fees for appraisal of applications for certificate of eligibility to provide environmental monitoring services, collection, transfer, management and use thereof.

12/06/2023

The Preferential Export and Import Tariff and out-of-quota duty rates

On May 31, 2023, the Government issues Decree No. 26/2023/ND-CP on the Export Tariff, the Preferential Import Tariff, and the list of commodity items and their specific duty rates, combined duty rates, and out-of-quota duty rates.

09/06/2023

Guidance for workers in South Korea to get loan support of VND 100 million

This is the content which is approved by the Prime Minister in the Decision No. 16/2023/QD-TTg dated June 01, 2023 on the providing loan support to make deposits in the Vietnam Bank for Social Policies for workers being policy beneficiaries who work in South Korea.

07/06/2023

The rate of environmental protection charges on mineral exploitation from July 15, 2023

On May 31, 2023, the Government issues the Decree No. 27/2023/ND-CP on environmental protection charge on mineral exploitation.

05/06/2023

The policy takes effect today (June 01, 2023)

On June 01, 2023, the policy of reducing the fee for use registration of the national domain names formally takes effect.

01/06/2023

New policies take effect on May 25, 2023

New policies which take effect on May 25, 2023, include new regulations on the deposit interest rate, refinance interest rate, and digitalization of dossier and results of administrative procedure settlement.

25/05/2023

05 cases of temporary closing of expressways

On May 19, 2023, the Government issues Decree No. 25/2023/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 32/2014/ND-CP dated April 22, 2014, on the management, operation, and maintenance of expressway facilities.

25/05/2023

List of scrap permitted for import from overseas

On May 22, 2023, the Prime Minister issues the Decision No. 13/2023/QD-TTg providing the list of scrap permitted for import from overseas for use as production materials

24/05/2023

Change the agencies receiving dossiers for licensing mineral activities

On May 12, 2023, the Government issues Decree No. 22/2023/ND-CP on amending and supplementing a number of articles of Decrees related to business activities in the field of natural resources and environment.

24/05/2023

New: Interest rates are issued by banks in 2023

LuatVietnam updates the interest rate in 2023. Including interest rates of short-term loans, outstanding housing support loans, and short-term loans...

24/05/2023

Approve the National Power Development Master Plan: Prioritize gas-fired power, renewable electricity export

On May 15, 2023, the Prime Minister issues Decision No. 500/QD-TTg on approving the National Power Development Master Plan for the 2021-2030 period, with a vision to 2050 (Power Master Plan VIII).

23/05/2023

The funds for increasing base salary levels from July 01, 2023

This is the content prescribed by the Government at Decree No. 24/2023/ND-CP prescribing the base salary for cadres, civil servants, public employees, and armed forces.

19/05/2023

Conditions for acting as foreign exchange agents of China, Laos or Cambodia

On May 12, 2023, the Government issues Decree No. 23/2023/ND-CP on amending and supplementing a number of articles of Decree No. 89/2016/ND-CP prescribing conditions for foreign exchange agency foreign currency receipt and payment services of economic organizations.

19/05/2023