Commentary

- 05 / 01 / 2020 -
The level of legal capital of a credit institution, foreign bank’s branch
On November 14, 2019, the Government issued Decree 86/2019 / ND-CP providing for the legal capital of credit institutions and foreign bank branches. This Decree takes effect from January 15, 2020. Accordingly, Article 2 of the Decree stipulates the level of legal capital for each entity as follows: 1. Commercial bank: VND 3,000 billion 2. […]
- 05 / 01 / 2020 -
The regional minimum wage is applied from 2020
On November 15, 2019, the Government issued Decree 90/2019 / ND-CP stipulating the regional minimum wage for employees. This Decree takes effect from January 1, 2020, and replaces Decree 157/2018 / ND-CP. Decree 90/2019 / ND-CP stipulates the regional minimum wage applicable to employees working in enterprises as follows: a) VND 4,420,000 / month, applicable […]
- 29 / 12 / 2019 -
Prohibited acts in prevention and control of harmful effects of alcohol and beer
On June 4, 2019, the National Assembly of Vietnam passed the Law on prevention and control of alcohol and beer harms in 2019. Accordingly, this Law takes effect from January 1, 2020. Pursuant to Article 5 of this Law, regulations on prohibited acts in the prevention and control of alcohol and beer harms. In particular, […]
- 29 / 12 / 2019 -
Temporarily suspending the business of moving from border gate to border gate, trading in temporary import of plywood into Vietnam for re-export to the United States
On November 12, 2019, the Minister of Industry and Trade issued Circular No. 22/2019 / TT-BCT providing regulations on temporary suspension of trading in border-gate transfer and temporary import of plywood into Vietnam for re-export to the United States. This Circular takes effect from December 27, 2019. Accordingly, Circular No. 22/2019 / TT-BCT prescribes business […]
- 29 / 12 / 2019 -
New regulations on certificates of free circulation of cosmetics
On December 16, 2019, the Ministry of Health issued Circular No. 32/2019 / TT-BYT amending and supplementing Clause 4 Article 4 and Appendix No. 01-MP Circular No. 06/2011 / TT-BYT dated 25/01/2011 of the Minister of Health regulating cosmetic management. Accordingly, regarding the certificate of free circulation of cosmetics, Circular No. 32/2019 / TT-BYT has […]
- 29 / 12 / 2019 -
Acts of sanctioning administrative violations in the field of state treasury
On December 19, 2019, the Ministry of Finance issued Circular No. 87/2019 / TT-BTC guiding the sanctioning of administrative violations in the field of state treasury. This Circular takes effect from February 1, 2020. This Circular guides administrative violations, sanctioning levels and remedial measures in the field of State Treasury prescribed in Decree No. 63/2019 […]
- 29 / 12 / 2019 -
Salary of part-time people working in villages and residential quarters since 2020
On November 6, 2019, the Ministry of Home Affairs issued Circular No. 13/2019 / TT-BNV guiding a number of regulations on communal cadres and civil servants and part-time officials at commune, village, residential area. This Circular takes effect from December 25, 2019. Previously, in Clause 6, Article 2 of Decree 34/2019 / ND-CP dated April […]
- 28 / 12 / 2019 -
New points on Unilateral termination of a Labor Contract by the Labor Code 2019
On November 20, 2019, the National Assembly promulgated the Labor Code No. 45/2019 / QH14 (“Labor Code 2019”) to replace the Labor Code No. 10/2012 / QH13 (“Labor Code 2012”). The 2019 Labor Code will take effect on January 1, 2021. Accordingly, the 2019 Labor Code has introduced a lot of new regulations, one of […]