Collect the latest updates of legal documents

The maximum short-term loan interest rate is 5.5% per annum from October 01, 2022

The maximum short-term loan interest rate is 5.5% per annum from October 01, 2022

The State Bank of Vietnam issues Decision No. 1730/QD-NHNN which takes effect on October 01, 2022, and replaces Decision No. 920/QD-NHNN dated March 16, 2020, of the State Bank Governor on maximum short-term loan interest rate in Vietnam dong of credit institutions, foreign bank branches for borrowers to meet the capital demand in service of a number of economic sectors and industries as prescribed in the Circular No. 39/2016/TT-NHNN dated December 12, 2016.
Change the costs of formulation, appraisal and approval of master plans on relics

Change the costs of formulation, appraisal and approval of master plans on relics

On September 21, 2022, the Government issues Decree No. 67/2022/ND-CP, Amending and supplementing Article 4 of the Government’s Decree No. 166/2018/ND-CP dated December 25, 2018, prescribing the competence, order, and procedures for the formulation, appraisal and approval of master plans and projects on conservation, renovation and restoration of historical-cultural relics and sightseeing spots.
Financial autonomy’s mechanism of public non-business units

Financial autonomy’s mechanism of public non-business units

On September 16, 2022, the Ministry of Finance issues Circular No. 56/2022/TT-BTC guiding a number of contents of financial autonomy of public non-business units; processing assets and finance upon reorganization or dissolution of public non-business units.
Bond par value of privately corporate increases 1,000 times

Bond par value of privately corporate increases 1,000 times

On September 16, 2022, the Government issues Decree No. 65/2022/ND-CP on amending and supplementing a number of articles of Decree No. 153/2020/ND-CP on private placement of corporate bonds and trading of privately placed corporate bonds.
HCMC: Enterprise must update identity card numbers in VSSID

HCMC: Enterprise must update identity card numbers in VSSID

On August 27, 2022, Ho Chi Minh City Social Security issues Official Dispatch No. 4887/BHXH-CNTT regarding the additional update of citizen’s identity card numbers/personal identification numbers of insurance participants in the database managed by the Vietnam Social Security, and the installation and use of VSSID.