Legal updates

Sep 18 2017

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.

Sep 18 2017

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.

Sep 18 2017

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”). 

Aug 31 2017

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.

 
Aug 31 2017

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”).

Aug 31 2017

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.

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.