On April 11th 2017, the Prime Minister promulgated Decision No. 11/2017/QD-TTg on mechanism for encouraging the development of solar power projects in Vietnam (“Decision 11”). Decision 11 will be valid from June 1st 2017 to June 30th 2019.
On 4 May 2017 the Government promulgated Decree No. 42/2017/ND-CP (“Decree 42”) amending and supplementing some provisions of Decree No. 59/2015/ND-CP (“Decree 59”) on construction project management.
On 3 April 2017, the Government promulgated Decree No. 35/2017/ND-CP on collection of fees for using land, renting land, renting water surface in economic zones and hi-tech zones (“Decree 35”).
On 4 April 2017, Decree No. 37/2017/ND-CP (“Decree 37”) guiding regulations on business conditions for operating seaports, ports, wharves, buoys, transshipment areas, offshore oil and gas ports (collectively referred to as seaports) was promulgated.
On March 2nd, 2017, Vietnam International Arbitration Centre ("VIAC") officially issued the Rules of Arbitration – 2017 edition ("2017 Rules of Arbitration "), effective as from March 1st, 2017.
On February 13th, 2017, Circular No. 02/2017/TT-BNNPTNT (“Circular 02”) was issued to amend and supplement some provisions of Circular No. 48/2013/BNNPTNT (“Circular 48”) on inspection and certification of food safety of exported aquatic products.
On November 29th, 2016, the Government issued Decree 160/2016/ND-CP prescribing conditions for sea transportation business, shipping agency services and towage services (“Decree 160”), revoking Decree 30/2014/ND-CP.
Although commercial dispute settlement via mediation has been applied in practice for a long time, only on February 24th, 2017 did the Government officially promulgate Decree No. 22/2017/ND-CP detailing commercial mediation (“Decree 22”).
On February 24th, 2017, the Government promulgated Decree 20/2017/ND-CP providing tax administration applicable to enterprises having controlled transactions (“Decree 20”).
Circular 43/2016/TT-NHNN dated December 30th 2016 issued by the State Bank prescribing consumer lending by finance companies officially took effect as from March 15th 2017 (“Circular 43”).
On March 15th, 2017, Circular No. 39/2016/TT-NHNN regulating lending activities of credit institutions and foreign bank branches with customers (“Circular 39”) promulgated by the State Bank of Vietnam will officially take effect, replacing Regulation on lending activities of credit institutions as stipulated in Decision No.1627/2001/QD-NHNN.
On February 06th, 2017, the General Department of Tax issued Official Letter No. 373/TCT-KK on Value-added tax refund (“Official Letter 373”) to remove obstacles to the enterprises regarding the value-added tax (“VAT”) not yet entirely deducted within 12 consecutive months.
On February 20th, 2017, Circular No. 30/2016/TT-BXD detailing implementation of Decree No. 37/2015/ND-CP on engineering, procurement and construction contracts (“Circular 30”) of the Ministry of Construction officially took effect.
On January 24th, 2017, the Government promulgated Decree No. 06/2017/ND-CP on betting business on horse and greyhound racing and on international soccer (“Decree 06”).
On February 10th, 2017, Circular No. 35/2016/TT-BTC on identification of foreign workers who are eligible for exemption of the work permit (“WP”) and internally reassigned by enterprises operating within eleven service sectors specified in Vietnam’s WTO commitments.
On January 25th, 2017, the State Securities Commission issued Decision No. 87/QD-UBCK, together with the new regulations guiding securities margin trading (“Regulations 87”) to replace Decision 637/QD-UBCK as from April 01st, 2017.
On January 6th, 2017, the Government promulgated Decree No. 01/2017/ND-CP amending and supplementing a number of decrees detailing implementation of the Land Law (“Decree 01”).
On February 15th, 2017, Resolution No. 04/2016/NQ-HĐTP of the Council of Judges of the Supreme People’s Court on e-transactions in civil and administrative procedures will take effect. Once implemented, the new piece of legislation can help the court and involved parties save a lot of time and monies in settling cases.
On December 30th, 2016 the State Bank of Vietnam issued Circular 41/2016/TT-NHNN regulating the capital adequacy ratio for banks and branches of foreign banks in Vietnam (“Circular 41”).
As from January 1st 2017, Circular No. 215/2016/TT-BTC (“Circular 215”) on amounts, collection regime, payment, management and use of fees for providing information about enterprises and charges for enterprise registration takes effect, replacing Circular No. 176/2012/TT-BTC and Circular No. 106/2013/TT-BTC amending and supplementing Circular No. 176/2012/TT-BTC (“Circular 176”).