Legal updated

04 CASES OF EXEMPTION OF FOOD SAFETY BEFORE CUSTOMS CLEARANCE

21/12/2019 - EXPORT – IMPORT

On November 14, 2019, the Government issues the Decree No. 85/2019/ND-CP on regulations on implementing administrative procedures according to national single window, the ASEAN single window

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A COMMERCIAL BANK MAY ONLY PURCHASE, HOLD STOCKS OF NO MORE THAN TWO OTHER CREDIT INSTITUTIONS

21/12/2019 - FINANCE - BANKING

On November 15, 2019, the State Bank of Vietnam issues the Circular No. 22/2019/TT-NHNN on limits and prudential ratios in operations of banks and/or foreign bank branches.

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CHARITY FUND FOUNDING ASSETS SHALL NOT CONTAIN MORE THAN 50% FOREIGN CONTRIBUTION

21/12/2019 - FINANCE - BANKING

The Government promulgates the Decree No. 93/2019/ND-CP on organization and operation of social funds and charity funds on November 25, 2019.

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03 CASES OF AMENDING AND SUPPLEMENTING THE LICENSES OF CREDIT INSTITUTION'S REPRESENTATIVE OFFICE

21/12/2019 - FINANCE - BANKING

On December 02, 2019,the State Bank of Vietnam promulgates the Circular No. 25/2019/TT-NHNN amending and supplementing a number of Articles of the Governor of the State Bank of Vietnam’s

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2 CASES OF REFUSING THE MORTGAGE REGISTRATION OF LAND USE RIGHTS

21/12/2019 - LAND – HOUSING

On November 25, 2019, the Ministry of Justice promulgates the Circular No. 07/2019/TT-BTP on guiding some contents related to the registration of mortgage of land use rights and land-attached assets.

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FROM JANUARY 05, 2020, TO FINE UP TO VND 1 BILLION WITH ENTITY FAILING TO SUBMIT DOCUMENTS FOR GRANTING LAND USE RIGHTS CERTIFICATES

21/12/2019 - LAND – HOUSING

On November 19, 2019, the Government issues the Decree No. 91/2019/ND-CP on penalties for administrative violations against regulations on land, which takes effect on January 05, 2020 and replaces

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TO EXEMPT IMPORT DUTY FOR 32 COMMODITIES IMPORTED FROM CAMBODIA

21/12/2019 - TAX – FEE - CHARGE

On November 20, 2019, the Government issues the Decree No. 92/2019/ND-CP on prescribing the special preferential to implement the Bilateral Trade Promotion Agreement between the Government of

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TO AMEND THE INTEREST DIFFERENCE COMPENSATION FOR SOCIAL POLICY BANK

17/12/2019 - LABOR - SALARY

On November 14, 2019, the Prime Minister promulgates the Decision No. 33/2019/QD-TTg on amending and supplementing a number of Article of the Decision No. 33/2015/QD-TTg dated August 10, 2015 of the Prime Minister on ass...

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SUPERVISION OF CONSTRUCTION WORKS IN THE FORM PUBLIC - PRIVATE PARTNERSHIP

17/12/2019 - TAX – FEE - CHARGE

The Ministry of Construction issues the Circular No. 08/2019/TT-BXD on promulgating the supervision and quality management of construction works in the form public - private partnership on November 11, 2019.

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FROM 2020, TEMPORARILY SUSPENDING FROM TEMPORARY IMPORT, RE-EXPORT 32 KINDS OF SCRAPS

17/12/2019 - TAX – FEE - CHARGE

The Ministry of Industry and Trade issues the Circular No. 27/2019/TT-BCT on November 15, 2019, prescribing the list of scraps subject to temporary suspension from temporary import, re-export and border-gate transfer.

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FROM JANUARY 15, 2020, LEGAL CAPITAL LEVEL OF PEOPLE’S CREDIT FUND IN WARD SHALL BE VND 1 BILLION

17/12/2019 - TAX – FEE - CHARGE

This is the new regulation issued by the Government in the Decree No. 86/2019/ND-CP on promulgating legal capital level of credit institutions, foreign bank branch on November 11, 2019.

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MUST VERIFY BENEFICIARIES FOR INTERNATIONAL ELECTRONIC TRANSACTION VALUED FROM USD 1,000

17/12/2019 - FINANCE - BANKING

On November 14, 2019, the State Bank of Vietnam issues the Circular No. 20/2019/TT-NHNN on amending and supplementing a number of Articles of the Circular No. 35/2013/TT-NHNN dated December 31, 2013 on guiding the implem...

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4 SUSPICION ACTIONS RELATING TO MONEY LAUNDERING AND TERRORISM FINANCING

17/12/2019 - FINANCE - BANKING

On November 14, 2019, the Government issues the Decree No. 87/2019/ND-CP on amending and supplementing a number of Article of the Government’s Decree No. 116/2013/ND-CP of October 04, 2013, detailing a number of Articles...

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TO FINE UP TO VND 300 MILLION WITH ORGANIZATION USING BANK CARD TO CONDUCT TRANSACTIONS FOR FRAUDULENT PURPOSES

17/12/2019 - FINANCE - BANKING

On November 14, 2019, the Government issues the Decree No. 88/2019/ND-CP on penalties for administrative violations against currency and banking legal regulations.

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THE MAXIMUM INTEREST OF CALL RATE APPLICABLE TO VIETNAM DONG LOAN BY PEOPLE’S CREDIT FUND IS 7%

17/12/2019 - FINANCE - BANKING

On November 18, 2019, the State Bank of Vietnam issues the Decision No. 2416/QD-NHNN on maximum interest of call rate applicable to VND deposits at credit institutions, foreign bank branches for borrowers to meet the cap...

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