Officials can establish enterprises after being discharged from holding their positions within 1 - 2 years

This Circular prescribes 11 sectors that officials with certain positions and powers must not establish or hold managerial titles or positions in enterprises or cooperatives after being discharged from holding their position as follows:

(1) State management of accounting and auditing.

(2) State management of securities and securities market

(3) State management of insurance.

(4) State management of customs.

(5) State management of prices.

(6) State management of taxes, fees, charges, and other state budget revenues.

(7) State management of cooperating finance and management of state capital in enterprises.

(8) State management of the national reserve.

(9) Management of borrowing, domestic and foreign debt repayment of the Government, public debt, the foreign debt of the country and international aid sources for Vietnam, loans and aid from Vietnam to foreign countries.

(10) State management of state budget.

(11) State management of the public property.

Within 12 months from the date on which the persons have been discharged from holding their positions under the decisions of the competent authorities, the persons with certain positions who have worked in the sectors must not establish or hold managerial positions in enterprises or cooperatives in the sectors that they were responsible for management.

In other cases must not establish or hold managerial positions in enterprises or cooperatives in the sectors that they were responsible for management within 24 months from the date on which the persons have been discharged from holding their positions.

Circular No. 60/2022/TT-BTC is issued on October 03, 2022, and takes effect November 11, 2022.