Legal Update 04/2023

Legal Update 04/2023

In This Update

Enterprise

What is the dividend preferred share? Is it transferred?

Intellectual Property

Why should figurative marks and product labels be registered as copyright in Vietnam?

Finance – Banking

From April 03, 2023: Reduce the maximum interest rate applicable to deposits

Reduce maximum short-term loan interest rates in VND

SBV’s refinancing interest rate is reduced to 5.5%/year

Maximum interest rate applicable to deposits in VND is reduced to 0.5%/year

Changes in organizational structure of the State Bank of Vietnam from 2023

Policy

Formulate Resolution on pilot implementation special mechanisms to develop Ho Chi Minh City

Persons committing domestic violence acts may be required to show up at the commune-level Public Security agency

Organizational Structure

Reorganize the Ministry of Agriculture and Rural Development

Public Order

New Decree on personal data protection

Justice

Add 3 draft laws to the 2023 law- and ordinance-making program

Investment

Plan of Action for Strategy for foreign investment cooperation in the 2021-2030 period

Information – Communications

By 2025, 70% of press agencies will post their content on digital platforms

Land – Housing

Extend business households’ personal income tax payment deadlines until December 30

Dossier for granting the certificate of land use rights for real estate business projects

Issue the certificate of ownership for condotel works from May 20, 2023

Supplement conditions for changing use purpose of land for rice cultivation

New Decree on amending Decrees guiding the implementation of Land Law

Conditions for participating in an auction of land use rights

Industry

Intensify tasks to develop logistics services in Vietnam

Administration

Documents not subject to digitalization upon administrative procedure settlement


Related

BUSINESS LAW FIRM