Commentary

- 01 / 12 / 2019 -
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, effective from January 1, 2020, replacing 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 to enterprises operating in […]
- 24 / 11 / 2019 -
Provisions on loan dossier from the National Fund for employment
On September 23, 2019, the Government issued Decree No. 74/2019 / ND-CP amending Decree 61/2015 / ND-CP providing policies on job creation assistance and the National Fund for employment. This Decree takes effect from November 8, 2019. Accordingly, Decree No. 74/2019 / ND-CP specifies the loan profile from the National Fund for employment, specifically: For […]
- 24 / 11 / 2019 -
New regulations on sanctioning of administrative violations regarding violations of regulations on foreign exchange activities
On November 14, 2019, the Government issued Decree No. 88/2019 / ND-CP stipulating penalties for administrative violations in the field of currency and banking. This Decree takes effect from December 31, 2019 and replaces the Government’s Decree No. 96/2014 / ND-CP of October 17, 2014, on sanctions against administrative violations in the field of currency […]
- 24 / 11 / 2019 -
Conditions on capital for air transport business enterprises
On November 15, 2019, the Government issued Decree No. 89/2019 / ND-CP amending Decree 92/2016 / ND-CP providing for conditional business lines and trades in the field of civil aviation. and Decree 30/2013 / ND-CP on air transport business and general aviation activities. This Decree takes effect from January 1, 2019. Accordingly, Decree No. 89/2019 […]
- 24 / 11 / 2019 -
Provisions on temporary suspension of trading in border-gate transfer, trading in temporary import of plywood into Vietnam for re-export to the United States
On November 12, 2019, the Ministry 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. Circular 22/2019 / TT-BCT takes effect from November 14, 2019. Accordingly, temporarily suspending business of transiting […]
- 24 / 11 / 2019 -
Amending internal regulations on the implementation of measures to speed up and recover consumer loans at financial institutions
On 18/2019 / TT-NHNN, the State Bank issued Circular 18/2019 / TT-NHNN, amending Circular 43/2016 / TT-NHNN, providing consumer loans of financial companies by the Governor of the Bank. State Bank of Vietnam issued. This Circular takes effect from January 1, 2020. Previously, Circular 43/2016 / TT-NHNN only provided general regulations on measures to urge […]
- 24 / 11 / 2019 -
Regulations on the legal capital level for credit institutions and foreign bank branches
On November 14, 2019, the Government recently issued Decree 86/2019 / ND-CP providing for the legal capital level for credit institutions and foreign bank branches. This Decree takes effect from January 15, 2020. Specifically, the legal capital level for types of banks and credit institutions is as follows: 1. Commercial bank: 3,000 billion Viet Nam […]
- 18 / 11 / 2019 -
Meeting members of cooperative groups
On October 10, 2019, the Government issued Decree 77/2019 / ND-CP on the Cooperation Group replacing Decree 151/2007 / ND-CP and officially took effect on November 25, 2019. Decree 77/2019 / ND-CP stipulates the order and procedures for convening cooperative group member meetings and decisions of cooperative group member meetings as follows: 1. A meeting […]