Commentary

- 01 / 02 / 2019 -
Conditions for borrowing capital to invest abroad
On 25/12/2018, the State Bank of Vietnam promulgated the Circular No. 36/2018/TT-NHNN on lending to invest abroad of Credit institutions, foreign bank branches for customers. Accordingly, Circular No. 36/2018/TT-NHNN specifically provides on conditions to borrowing capital to invest abroad, including: – The customer is a legal entity with civil legal capacity; If the customer is […]
- 01 / 02 / 2019 -
Regulations on the process for converting ATM cards to chip cards
On 28/12/2018, The State Bank of Vietnam has issued Circular No. 41/2018/TT-NHNN amending and supplementing a number of articles of the Circular No. 19/2016/TT-NHNN regulations on bank card operations. This Circular will take effect from 18/02/2019. Accordingly, Circular No. 41/2018/TT-NHNN regulates the process for converting ATM cards to chip cards as follows: For card payment […]
- 01 / 02 / 2019 -
Guiding the management and using of proceeds from auction of illegally imported cigarettes subject to confiscation of quality assurance for export to foreign countries
On 14/12/2019, Ministry of Finance promulgated Circular No. 122/2018/TT-BTC guiding the management and using of proceeds from the auction of illegally imported cigarettes subject to confiscation of quality assurance for export to foreign countries. The Circular took effect from 01/02/2019. Accordingly, Circular No. 122/2018/TT-BTC regulates agencies, organizations assigned to duties will pilot the auction of […]
- 01 / 02 / 2019 -
Promulgating the list of 13 national key agricultural products
On December 25th, 2018, the Ministry of Agriculture and Rural Development issued Circular No. 37/2018/TT-BNNPTNT promulgating the list of national key agricultural products. This Circular takes effect from February 8, 2019. Accordingly, Circular No. 37/2018/TT-BNNPTNT promulgates 13 national key agricultural products, specifically as follows: – Rice; The coffee; Rubber; Thing; Pepper; Tea; Vegetables; Cassava and […]
- 01 / 02 / 2019 -
Rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP
On January 22nd, 2019, the Government issued Circular No. 03/2019/TT-BCT on rules of goods originating in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP. This Circular takes effect from March 8, 2019. Accordingly, Circular No. 03/2019/TT-BCT have highlight contents on the certificate of origin (C/O), specifically as follows: – Certificate of origin of […]
- 01 / 02 / 2019 -
List of imported and exported goods in the field of printing and publishing
On December 28th, 2018, the Ministry of Information and Communications issued Circular No. 22/2018/TT-BTTTT on the list of imported and exported goods in the field of printing and publishing. This Circular takes effect from February 12th, 2019. Accordingly, the list of imported and exported goods in the field of printing and publishing attached Circular No. […]
- 27 / 01 / 2019 -
Regulations on blockade, termination of blockade of capital and assets of foreign bank branches
On November 22, 2018, the State Bank of Vietnam issued Circular No. 27/2018/TT-NHNN regulating cases of the blockade, termination of a blockade of capital and assets of foreign bank branches. This Circular takes effect from January 10, 2019. Accordingly, the Circular No. 27/2018 / TT-NHNN has noticeable new provisions as follows: 1. Regarding cases of […]
- 27 / 01 / 2019 -
Regulations on organization of implementation of budget estimates for 2019
On December 5, 2018, the Ministry of Finance issued Circular No. 119/2018/TT-BTC regulating the implementation of the State budget estimate for 2019. This Circular takes effect from the 20th. January 1, 2019. Accordingly, the Ministry of Finance noted the organization to implement a number of contents to ensure the increase in budget letter sources such […]