Legal updates

Aug 11 2017

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”).

Aug 11 2017

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”).

Aug 11 2017

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.

Jul 26 2017

On 12 June 2017, the National Assembly of Vietnam passed the Foreign Trade Management Law No. 05/2017/QH14 (the “Foreign Trade Management Law”).

Jul 26 2017

On 12 June 2017, the Law on Supporting small and medium enterprises No.04/2017/QH14 was officially approved by the National Assembly (the “Law”).

Jul 26 2017

On 11 July 2017, the Supreme People’s Court issued Official Letter No. 146/TANDTC-PC providing regulations on referring, applying precedents in trial. 

Jul 12 2017

On 15 May 2017, the Ministry of Finance (“MOF”) issued Circular 50/2017/TT-BTC (“Circular 50”) guiding the implementation of Decree 73/2016/ND-CP dated 1 July 2016 detailing the implementation of the Law on Insurance Business and the Law amending a number of articles of the Law on Insurance Business.

Jul 12 2017

On 1 June 2017, Vietnam Social Insurance (“VSI”) promulgated official letter No. 2159/BHXH-BT guiding the rates of premium to be paid to the occupational accident and disease insurance fund and the collection of social insurance, health insurance, unemployment insurance, occupational accident and disease insurance according to the new basic salary as follows:

Jul 12 2017

On 22 May 2017, the Ministry of Transportation promulgated Circular No. 16/2017/TT-BGTVT (“Circular 16”) guiding the routes for transportation of goods in transit through the Vietnamese territory, replacing Circular No. 15/2014/TT-BGTVT (“Circular 15”) dated 13 May 2014 guiding the routes for transportation of goods in transit through the Vietnamese territory and Circular No. 17/2015/TT-BGTVT dated 14 May 2015 amending and supplementing Circular 15 (“Circular 17”).

Jun 28 2017

Circular 53/2017/TT-BTC of the Ministry of Finance ("Circular 53") guiding the implementation of Decree 69/2016/ND-CP ("Decree 69") on business conditions regarding debt trading service ("Debt Trading Enterprise") is effective from 3 July 2017.

Jun 27 2017

On 6 June 2017 the Governor of the State Bank of Vietnam issued Circular No. 03/2017/TT-NHNN (“Circular 03”) to revise a number of articles of Circular No.16/2012/TT-NHNN (“Circular 16”) dated 25 May 2012 on guiding several articles of Decree No.24/2012/ND-CP dated 3 April 2012 of the Government on gold trading management.   

Jun 27 2017

On 6 June 2017, the Government issued Decree No. 71/2017/ND – CP (“Decree 71”) guiding corporate governance of public companies.

Jun 13 2017

On 16 May 2017, Decree 62/2017/ND-CP (“Decree 62”) was issued to detail a number of articles and measures to implement the Law on Property Auction. Decree 62 will come into effect on 1 July 2017 and will replace Decree 17/2010/ND-CP of the Government on Property Auction.

Jun 13 2017

On 21 February 2017, the Supreme People’s Court promulgated official Dispatch No. 33/TANDTC-HTQT (“Dispatch 33”) guiding procedures for delivering and notifying courts’ procedural documents to overseas involved parties in civil cases and administrative cases.

Jun 13 2017

On 25 May 2017, Decree No. 68/2017/ND-CP issued by the Government regulating the management and development of industrial clusters (“Decree 68”) replaces Decision No. 105/2009/QD-TTg issued by the Prime Minister dated 19 August 2009 on the same issue (“Decision 105”). Decree 68 shall come into force on 15 July 2017.

May 30 2017

On 8 May 2017, Decree 54/2017/ND-CP detailing some articles and measures to implement the Law on Pharmacy was promulgated by the Government and will take effect on 01 July 2017 (“Decree 54”).

May 30 2017

In addition to key points on setting up the organization of overseas study consultation mentioned in the previous legal update, one of the outstanding points of Decree 46 is conditions for establishment of education organizations.

May 30 2017

On 14 April 2017, the Judges' Council of the Supreme People's Court promulgated Resolution No. 04/2017/NQ-HDTP guiding some provisions of Clauses 1 and 3 of Article 192 of Civil Procedure Code No. 92/2015/QH13 (the "CPC 2015") on returning of lawsuit petitions and the right to re-submit civil lawsuit petitions ("Resolution 04"). 

May 17 2017

On 12 April 2017, the Ministry of Finance promulgated Circular No. 29/2017/TT-BTC (“Circular 29”) amending and supplementing some articles of Circular No. 202/2015/TT-BTC dated 18 December 2015 providing guidelines for listing of securities on the stock exchange (“Circular 202”). 

May 16 2017

On 21 April 2017, the Government issued Decree 46/2017/ND-CP providing conditions for investment and operation in the domain of education (“Decree 46”) with the following governing scope: