Commentary

On 10/09/2018 Prime Minister promulgated Decision No. 39/2018/QD-TTg amending and supplementing a number of articles of Decision No. 37/2011/QD-TTg dated 29/06/2011 of the Prime Minister Government on the mechanism to support the development of wind power projects in Vietnam. This decision will take effect from 01/11/2018. Accordingly, the price of electricity for grid-connected wind power […]

On 08/08/2018, the Ministry of Construction issued Circular No. 06/2018/TT-BXD issued the criteria system construction industry. This Circular will come into force on September 25. Accordingly, the system consists of 33 indicators and 4 groups of fields, as follows: – Construction investment activities (including 09 indicators); – Urban and rural development (including 16 indicators; – […]

On 17 September 2018, the Government issued Decree No. 123/2018/ND-CP amending and supplementing a number of decrees on conditions for investment and business in the agricultural sector. This Decree takes effect from the date of its promulgation. Accordingly, Decree 123/2018/ND-CP amending and supplementing regulations on production conditions for organizations producing pesticides is as follows: – […]

On 08/08/2018, the Ministry of Construction issued Circular No. 07/2018/TT-BXD regulating the statistic reporting construction industry. The circular takes effect on September 25, 2018 Accordingly, the contents of the Statistic Regime for Construction has changed as follows: – The reporting regime includes the statistical reporting system model (Appendix I), the reporting form and the statistical […]

On 08/08/2018, the Ministry of Finance issued Circular No. 70/2018/TT-BTC regulating the management and use of non-productive funds for the implementation of the post- for the period of 2016 – 2020, this Circular takes effect on September 22, 2018. Accordingly, the level of state budget expenditure to implement climate change response for the period 2016 […]

On 14/09/2018, the State Bank of Vietnam has issued Circular No. 23/2018/TT-NHNN regulating the reorganization, withdrawal of licenses and liquidation of assets of people’s credit fund. This Circular will take effect from 01/11/2018. According to Circular No.23/2018/TT-NHNN, People’s Credit Funds may be restructured in the following forms: division, partial division, consolidation, acquisition. The reorganization of […]

On 13 September 2018, the government promulgated Decree No. 121/2018/NĐ-CP on amendments to the government’s Decree No. 49/2013/ND-CP dated May 14, 2013 on guidelines for the labor code in terms of wages. This Decree shall take effect from 01 November 2018. Accordingly, Decree No. 49/2013/ND-CP regulates new regulations on outstanding contents related to the principle […]

On 08 August 2018, the Finance of Ministry promulgated Circular No. 69/2018/TT-BTC guidance for restructuring State-owned Enterprise that not eligible for equitization under paragraph 2 Article 3 Decree No. 126/2017/NĐ-CP on 16 November 2017 via resolving debt to transfer to be a joint stock company. This Circular will take effective on 01 October 2018 Accordingly, […]