POLICIES COME INTO FORCE SINCE DECEMBER

A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017.

Administrative violations on measurements

Decree 119/2017/ND-CP, dated November 1, 2017 stipulates administrative violations in the domain of standard, measurement and quality of products and
goods.

Accordingly, measurement violations will be subject to VND 100 million and VND 200 million in maximum for each individual and each organization, respectively. Violations of standard and quality of products and goods will be imposed penalties of VND 150 million for an individual and VND 300 million for an organization.

Management and use of State budget for external activities

Decree 117/2017/ND-CP, dated October 19, 2017 stipulating on management and use of State budget for some external activities shall take effect on December 10, 2017.

The decree regulates tasks on State budget collection and spending on some external activities; budget estimate and enforcement of some external activities in accordance with the Law on State budget.

Supervision of stock transactions

Since December 8, 2017, stock transactions on the securities market will be regulated under the Ministry of Finance’s Circular 115/2017/TT-BTC.

The Circular clearly stipulates supervisory contents of the State Securities Committee.

Guidance in horse racing

Circular 101/2017/TT-BTC guiding some articles of Decree 06/2017/ND-CP on gambling in dog, horse racing, and international football came into valid from December 1, 2017.

Source: VGP