Business News

A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.

As you may be aware, the draft amended Labor Code has been widely circulated to seek comments from relevant authorities and the business community. In this Alert, we would like to update you on the notable proposals in the latest draft amended Labor Code, which could have significant business and social impacts as follows:

The law regulates operational principles on architecture in accordance with development orientations, urban planning, rural planning, in response to socio-economic development demands, national defense, security, environmental protection, appropriate use of natural resources, climate change and natural disaster response, selective reception of world architecture elites, scientific and high-tech applications.

The Ministry of Industry and Trade (MoIT)’s key task is to evaluate the building and adjustment of policies to support the development of the digital economy, according to Deputy Minister Cao Quốc Hưng.

The Government has issued Decree 37/2019/ND-CP detailing implementation of some articles of the Law on Planning. The ruling also provides for the construction of a national information system and database on planning.

The city has 17 industrial and export processing zones, one high-tech park and 16 industrial clusters, with over 1,600 enterprises and nearly 380,000 labourers. Of the number, about 65 per cent of them are migrants.

Tontine member is a person aged at least 18 years of age. With regard to a person aged from fifteen to under eighteen, if the private property is real estate or movable property required for registration to participate in the tontine, he/she must obtain the consent of his legal representative (Article 5).

The policies include regulations on issuance of corporate bonds, e-transactions in financial operations, exploitation of remote sensing data.