The Ministry of Finance has issued Circular No. 101/2017/TT-BTC (“Circular 101”), effective from 1 December 2017, guiding some provisions of Decree No. 06/2017/ND-CP on horse racing, dog racing and international football gambling business (“Decree 06”). Accordingly, the establishment procedure as well as the tasks and powers of the Race Supervision Council have been specified.
On 16 October 2017, the Government promulgated Decree No. 115/2017/ND-CP guiding implementation of paying enforcement guarantee amount by commercial legal entities in accordance with Penal Code No. 100/2015/QH13 amended, supplemented by Law No. 12/2017/QH14 and Criminal Procedure Code No. 101/2015/QH13 (“Decree 115”).
On 22 September 2017, the Ministry of Finance issued Circular No. 95/2017/TT-BTC (“Circular 95”) guiding Decree No. 71/2017/ND-CP (“Decree 71”) dated 6 June 2017 of the Government on corporate governance applicable to public companies.
On 6 October 2017, Circular No. 89/2017/TT-BTC (“Circular 89”) issued by the Ministry of Finance guiding Decree No. 35/2017/ND-CP on collection of land use levy, land rental and water surface rental in economic zones and hi-tech zones (“Decree 35”) took effect.
On 20 September 2017, Minister of Industry and Trade Tran Tuan Anh signed for promulgation Decision No. 3610a/QD-BCT issuing plans to reduce and simplify investment and business conditions in the field of State management by the Ministry of Industry and Trade for the 2017-2018 periods (“Decision 3610a/QD-BCT”)
On 14 September 2017, the Government promulgated Decree No. 106/2017/ND-CP amending and supplementing Decree No. 67/2013/ND-CP (“Decree 67”) on detailing some articles and execution measures in the Law on Tobacco Harm Prevention (“Decree 106”).
On 1 September 2017, the Government promulgated Decree No. 102/2017/ND-CP (“Decree 102”) replacing Decree No. 83/2010/ND-CP to regulate some matters and provisions to be more appropriate with the promulgated laws and codes relating to the registration of security transactions.
To be specifict, as from 1 September 2017, some of the conditions applicable to liquor trading under Decree No. 94/2012/ND-CP
Under Circular 23/2017/TT-BLDTBXH of the Ministry of Labour, War Invalids and Social Affairs, as from 2 October 2017, the application dossier for approval for demand for employment of foreign workers; issuance and re-issuance of work permit, certificate of foreign workers eligible for work permit exemption in Vietnam will be conducted via online network through the portal service.
On 30 August 2017, the State Bank of Vietnam (“SBV”) promulgated Circular No. 10/2017/TT-NHNN guiding foreign currency transactions and foreign exchange management for casino business (“Circular 10”) with following notable points:
From 1 January 2018, the employees being foreign citizens working in Vietnam will be subject to the compulsory social insurance (“SI”).
On 12 Stemper 2017, the Ministry of Industry and Trade promulgated Circular No. 16/2017/TT-BCT on project development and model power purchase agreements for solar power projects (“Circular 16”).
On 6 February 2017, the Ministry of Finance issued Circular No. 10/2017/TT-BTC (“Circular 10”) amending and supplementing some articles of Circular No. 234/2012/TT-BTC guiding the management of trading Government bonds, Government guaranteed bonds and local Government bonds (“Government Bonds”). Circular 10 contains many new contents, of which the most prominent one is the permission to borrow Government Bonds for sale.
On 14 August 2017, the State Bank of Vietnam issued Circular No. 09/2017/TT-NHNN (“Circular 09”) amending Circular No. 19/2013/TT-NHNN (“Circular 19”) on trading and settling bad debts of credit organizations by Vietnam Asset Management Company (“VAMC”).
Inorganic or mixed mineral fertilizer products (DAP and MAP) of eight (8) HS codes: 3105.10.20; 3105.10.90; 3105.20.00; 3105.30.00; 3105.40.00; 3105.51.00; 3105.59.00; and 3105.90.00 have been added to the list of goods subject to provisional safeguard measures under Decision No. 3044/QD-BCT dated 4 August 2017 (“Decision 3044”) of the Ministry of Industry and Trade.
On 10 August 2017, the Government promulgated Decree 94/2017/ND-CP on goods, services, areas under the State monopoly in commercial activities (“Decree 94”).
On 1 August 2017, the Ministry of Finance promulgated Circular No.79/2017/TT-BTC ("Circular 79") amending and supplementing Item b1, Point b, Clause 4, Article 48 of Circular No. 156/2013/TT-BTC ("Circular 156") guiding the implementation of some articles of the Law on Tax Administration.
On 4 July 2017, the Vietnamese Government issued Resolution No. 59/NQ-CP on simplifying administrative procedures under the management function of the State Bank of Vietnam (“Resolution 59”) together with the simplification plan for the implementation by the relevant competent agencies (“Plan”).
On 19 June 2017, the Law on Technology Transfer No. 07/2017/QH14 was officially approved by the National Assembly (“2017 Law”). The 2017 Law will take effect on 1 July 2018 and replace to the Law on Technology Transfer No. 80/2006/QH11 (“2006 Law”).
On 19 July 2017, the Supreme People’s Court promulgated official Dispatch No. 152/TANDTC-PC (“Dispatch 152”) guiding settlement of disputes on credit contracts and handling of bad debts.