Legal Update 10/2022

Legal Update 10/2022

In This Update

Labor – Salary

4 principles of implementation of the retirement later than the prescribed retirement ages

Investment

Drastically take solutions to promote public investment capital disbursement

Requirements on making, appraisal of bidding dossiers for bidding packages on construction and installation

Requirements on making and appraisal of bidding dossiers for bidding packages on procurement

Industry

Books must be made for monitoring the use of industrial precursors

From November 22, change regulations on electricity transmission service contracts

Reporting regime applicable to organizations and individuals engaged in industrial chemical-related activities

Commerce – Advertising

Make bidding dossiers for bidding packages under CPTPP Agreement

Transport

From November 1, change conditions on vehicles used for practice driving

Approve the submission of draft resolution on pilot auction for selection of car number plates

Finance – Banking

Loans subject to registration with the State Bank

03 requirements for clients to be considered and decided to issue bank guarantee

Guide the use of Science and Technology Development Funds of enterprises

To increase the maximum interest rate applicable to deposits

From October 25, the maximum short-term loan interest rate in VND is 6.5%/year

The spot rate between VND and US dollar must not exceed the margin of ± 5%

E-commerce exchange owners’ information must be provided periodically

2 other assets to be used as collateral for the special loan

Information – Communications

One more act prohibited in printing activities from 2023

Simplify the VNA’s organizational structure from November 01

Education – Training – Vocational Training

Ensure early childhood children and primary school students have 2 lessons/day

Criminal

People’s Public Security forces’ receipt and settlement of denunciations of offenses

Policy

Mekong River delta strives to have 65% trained laborers by 2030

Export – Import

Notice No. 257/TB-BCT dated October 10, 2022 of the Ministry of Industry and Trade on printing certificates of origin on A4 paper format

Official Dispatch No. 54/TCHQ-GSQL dated January 07, 2021 of the General Department of Vietnam Customs regarding the declaration of units of calculation

Agriculture – Forestry

Assign responsibilities for the management of hydraulic structures as decentralized

From October 13, change the dossier components for extension of a GMP certificate

Strive to 2030, over 80% of craft villages will efficiently operate


Related

BUSINESS LAW FIRM