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NEW POLICIES COME INTO EFFECT IN APRIL
A series of policies in fields of sea lanes and traffic separation schemes in the territorial sea of Viet Nam, State’s special goods transported and protected by the Viet Nam People's Security Forces and compulsory fire and explosion insurance products will come into effect since April 2018.
Decree No. 16/2018/ND-CP dated February 02, 2018 on sea lanes and traffic separation schemes in the territorial sea of Viet Nam comes into effect since April 1, 2018.
Accordingly, vessels transporting cargos, passengers and luggage or military vessels and other non-commercial vessels crossing Viet Nam’s territorial sea and inland waterway to enter Vietnamese seaports must travel the right lanes and carry out procedures for vessels as regulated.
Decree No. 21/2018/NĐ-CP stipulates on State’s special goods transported and protected by the Viet Nam People's Security Forces. Special goods include 1 – cash (VND) and valuable papers (bonds, bills, shares, bonds and other valuable papers as regulated by law); 2 – valuable assets (gold, precious mental, gems and foreign currencies); 3- national artifacts, antiques and treasures under the charge of the State.
Decree No. 22/2018/NĐ-CP details and guides the implementation of a number of articles of the Law on Intellectual Property in 2005 and Law Amending and Supplementing a Number of Articles of the Law on Intellectual Property in 2009 regarding copyright and related rights.
Decree No. 23/2018/NĐ-CP defines compulsory fire and explosion insurance products. This new table of insurance premiums is only applied to facilities with the total sum insured on a single facility is less than VND 1,000 billion. If the total sum insured on a single facility is VND 1,000 billion or over, the insurer and the policyholder shall reach an agreement on the insurance premiums in accordance with regulations of law and with the reinsurer’s approval.
Decree No. 24/2018/NĐ-CP deals with complaints and denunciations settlements in the domain of labor, occupational education and activities of sending Vietnamese laborers to work abroad under contracts, jobs, labor safety and hygiene.
Decree 27/2018/ND-CP, amends and supplements some articles of Decree 72/2013/ND-CP on the management, supply and use of Internet services and online information.
“Integration and institutional reform are always the twins that generate main drivers for Vietnam's development,” said Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), at the Vietnam Business Forum (VBF) 2018 recently held in Hanoi.
The Presidential Office held a press conference in Hà Nội yesterday to announce the President’s order to promulgate nine laws which were adopted at the sixth session of the 14th National Assembly.
In the first 10 months of 2018, the real estate market in the whole country showed signs of decrease both in supply and volume of transactions. Especially, the sign of reduction was very clear in the two big cities of Hanoi and Ho Chi Minh City, said the Ho Chi Minh City Real Estate Association (HoREA) in its latest report.
1. VN set to be among top ten remittance receivers 2. Many banks sell real estate to handle bad debts3. State budget collection forecast to surpass 60 billion USD in 2019 4. Canada will be potential market for Vietnamese export garments 5. End of the year housing market takes nosedive: experts ----and more news
The State Bank of Việt Nam (SBV) recently decided to allow more commercial banks to expand their credit growth limits in 2018. The credit quota for Military Bank (MB) has been lifted from 15 per cent allocated at the beginning of the year to its new level of 17 per cent, the Bản Việt Securities Company reported.
On 13 December 2018, The Reverie Saigon is presenting ‘La Vie En Rose’, an evening featuring a stunning musical performance from renowned Hong Kong classical musicians, saxophonist Timothy Sun and pianist Jacqueline Leung, along with a special five-course menu with paired wines at Café Cardinal, the city’s premier French fine dining destination.