Periodic Reporting Regime for Industrial Clusters from October 1, 2024
On August 15, 2024, the Minister of Industry and Trade issued Circular 14/2024/TT-BCT, which regulates the periodic reporting regime for industrial clusters, the national industrial cluster database, and several forms for managing and developing industrial clusters. Accordingly, the periodic reporting regime for industrial clusters is specifically regulated as follows: Entities required to implement the periodic […]
Reduction of 50% in Vehicle Registration Fees for Domestically Manufactured and Assembled Cars for 3 Months
On August 29, 2024, the Government issued Decree No. 109/2024/ND-CP, which specifies the registration fee rates for cars, trailers, or semi-trailers towed by cars and similar vehicles manufactured and assembled domestically. According to Decree No. 109/2024/ND-CP, from September 1, 2024, to November 30, 2024, the registration fees will be reduced to 50% of the rates […]
Establishment of Specialized Fire Prevention and Fighting Teams Required for Certain Facilities
On July 10, 2024, the Ministry of Public Security issued Circular 32/2024/TT-BCA amending and supplementing certain provisions of Circular 149/2020/TT-BCA dated December 31, 2020, by the Minister of Public Security. This circular details some provisions and measures to implement the Law on Fire Prevention and Fighting, the amended Law on Fire Prevention and Fighting, and […]
New regulations on compensation when the State recovers land from August 1, 2024
On July 15, 2024, the Government issued Decree 88/2024/ND-CP regulating compensation, support, and resettlement when the State recovers land. Below are some notable contents of this Decree: Compensation in the form of land with a use purpose other than the type of land recovered or in the form of housing when the State recovers […]
Declaring goods at an incorrect selling price will result in a fine of up to 25 million VND
On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating penalties for administrative violations in price management. The following are some notable contents of this Decree. Selling goods higher than the maximum price bracket will result in a fine of up to 20 million VND Specifically, a fine from 10 million VND to 20 million […]
Reference Prices for Popular Fuel Products on the Market
On July 11, 2024, the Ministry of Industry and Trade issued Official Letter 4896/BCT-TTTN 2024 regarding the regulation of fuel business. The Ministry announced the reference prices for popular fuel products on the market as follows: Product Previous Reference Price (04/07/2024) (VND/litter, kg) Announced Reference Price (VND/litter, kg) The difference between the base price […]
Priority for Purchasing IT Products and Services Produced Domestically
On July 10, 2024, the Government issued Decree 82/2024/ND-CP amending and supplementing several articles of Decree 73/2019/ND-CP dated September 5, 2019, regarding the management of investment in information technology applications using state budget funds. The specific changes are as follows: Information technology application activities must prioritize investment, rental, and procurement of domestically produced IT products […]
Guidelines on Wholesale Activities in Telecommunications
On July 10, 2024, the Minister of Information and Communications issued Circular 08/2024/TT-BTTTT detailing wholesale activities in telecommunications. This circular provides detailed regulations on Clause 3 of Article 16 and Point d Clause 3 of Article 17 of the Telecommunications Law 2023 regarding wholesale activities in telecommunications (hereinafter referred to as wholesale activities). Guidance on […]
Selling Goods Above the Maximum State Price Range Fined Up to 40 Million VND
On July 12, 2024, the Government issued Decree 87/2024/ND-CP regulating administrative penalties in price management, including fines for selling goods above the maximum state price range. - Penalties for selling goods above the maximum price set by the State: The decree specifies fines for violations regarding pricing and selling goods and services not in accordance […]