Collect the latest updates of legal documents

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MOF proposes revising Law on Insurance Business

The 2022 Law on Insurance Business has contributed to promoting market development, but over time, there have been shortcomings that need to be amended to simplify administrative procedures, remove difficulties and create conditions for business development.
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Draft decree classifies financial, credit information as sensitive data

Organizations and individuals operating in the finance and banking sectors and providing credit information services would take responsibility for protecting personal data in conformity with international standards and domestic regulations on personal data protection and cybersecurity.
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Draft circular seeks to increase access to legal aid in proceedings

A draft circular revising Joint Circular 10/2018/TTLT-BTP-BCA-BQP-BTC-TANDTC-VKSNDTC has been released, aiming to improve procedures for early access to legal aid services while ensuring transparency and protection of the lawful rights and interests of people in proceedings.
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New guidelines for enforcing current law on geology and minerals

In case of emergency where quick response to disasters, epidemics, and security or national defense threats is required, individuals and entities exploiting minerals may be exempt from licensing-related procedures but will have to report on volume and types of minerals and mining locations to provincial-level People’s Committees after the work is done, according to newly enacted Government Resolution.
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Plan issued for implementing Vietnam–Laos trade agreement

A plan to implement the Trade Agreement between the governments of Vietnam and Laos aims to facilitate businesses in applying preferential import tariffs, demonstrate the special friendship and importance both sides attach to their ties, thus further promoting the bilateral trade ties.
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Procedures for bank branch opening, stock listing, bank merger simplified

According to Decision No. 2070/QD-TTg, procedures related to banking activities, branch opening, stock listing and merger of credit institutions will be abolished or simplified so as to lift barriers and create a more favorable environment for business activities in the finance and banking sector.