Business News

New regulations on management and use of grant aid, issuance of corporate bonds, management of surrogacy, and registration of foreign-flagged ships shall take effect in September.

Twelve new policies came into effect from July 1 including the Laws on officers and public employees, passports, state secrets, and entry, exit, transit, and residence of foreigners.

In the context of the covid-19 pandemic, the Government first ever issued Directive No. 11/CT-TTg on 04 March 2020 ("Directive No. 11") to direct Ministries and agencies to urgently research, asses and propose solutions to support enterprises in dealing with the pandemic, especially tax solution.

A range of new policies will come into effect this month, including fines of up to VNĐ100 million (US$4,192) for business owners who fail to pay their employees.

The legal documents include new regulations on  foreign exchange management regarding foreign currency funding of microfinance, socio-political organizations and non-governmental organizations.

A series of new policies on conditions on setting up a foreign-invested vocational education institution in Viet Nam, use of foreign currencies, and social Insurance for employees who are foreign nationals took effect in 2019.

Operating vehicles under the influence of alcohol will be officially banned from Wednesday as part of the Law on Prevention and Control of Alcoholic Beverages’ Harmful Effects.

A series of policies on administrative penalties for violations arising in the monetary and banking sector, sanctioning of administrative violations in the field of competition, driver training, driving tests and issuance of driving licenses for road motor vehicles shall come into effect since December 2019.