Draft Circular amending and supplementing a number of articles of Circular No. 39/2016/TT-NHNN
On March 8, 2024, the State Bank issued a Draft Circular amending and supplementing Circular No. 39/2016/TT-NHNN dated December 30, 2016 regulating lending activities of credit institutions, foreign bank branches to customers to ensure uniform understanding in implementation, in accordance with legal regulations and practical requirements. Accordingly, the draft retains the content of a number […]
Regulations for foreign drivers and motorized vehicles when participating in Vietnam’s traffic
On March 7th, 2024, The Government issued a Decree 30/2024/ND-CP regulation on the management of motorized vehicles registered abroad, brought by foreigners for tourism purposes. - Must have a guiding vehicle in front of the foreign motorized vehicles while participating in Vietnam’s traffic. The guiding vehicle must be a car ( if the tourists drive […]
Announcing loan interest rates
On March 6, 2024, the State Bank of Vietnam issued Official Dispatch No. 1628/NHNN-CSTT to synchronously and effectively implement interest rate announcement. The State Bank requires credit institutions as follows: - Continue to announce average lending interest rates, average deposit and lending interest rate differences, lending interest rates for credit programs, credit packages and other […]
Altruistic surrogacy
Question: My husband and I have been married for 7 years. Due to my medical condition preventing me from conceiving, we are considering finding a surrogate mother. Can we do this, and what procedures do we need to follow? Answer: The law in Vietnam allows altruistic surrogacy for couples where the wife is unable to […]
Issue the Plan to implement the National Data Center Project
On March 15, 2024, the Ministry of Natural Resources and Environment decided to issue a plan to implement Resolution No. 175/NQ-CP dated October 30, 2023, by the Government approving the National Data Center Project. The assigned tasks are to be carried out with specific objectives: to closely follow the established viewpoints; to ensure the overall […]
Draft Law on Employment
On March 15, 2024, the Parliament issued 2nd Draft Law on Employment to meet the needs of socio-economic development, in line with international commitments, and promote sustainable development of the labor market. The amendment of the Law on Employment is necessary as the current law is gradually revealing difficulties and limitations. The Ministry of Labor […]
Expanding the business services of the company with foreign investment
Question Our company, with 100% investment from the Netherlands, is currently operating in Ho Chi Minh City. We are planning to expand our business activities in the field of providing employment services and payroll calculation. May I ask if we can expand the scope of business activities as mentioned above? Answer: Regarding the two business […]
Exchange Rate of Foreign Currencies for March 2024
Exchange Rate of Foreign Currencies for March 2024
Proposal for Amendment and Issuance of Fire Prevention and Fighting Law, and Search and Rescue Law.
Proposal for Amendment and Issuance of Fire Prevention and Fighting Law, and Search and Rescue Law.