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Retirement pension and social security benefits to officially increase by 7.38% from July 1, 2020

This is the highlight of Resolution No. 86/2019/QH14 on state budget plan for 2020.

Eligibility requirements for elimination of penalties and interest for late payment of taxes accrued before July 1, 2020

These requirements are mentioned in the Resolution No. 94/2019/QH14 on tax debt relief, elimination of penalties and interest for late payment of taxes of taxpayers who are unable to pay to the state budget.

Labor Code’s 2019 update is now released

In the 8th meeting held on November 20, 2019, the XIVth National Assembly passed the 2019 Labor Code. Pursuant to the 2019 Labor Code, there are the significant matters mentioned below:

From January 1, 2021 seasonal employment contracts no longer exist

This is one of the highlights of 2019 Labor Code passed by the XIVth National Assembly in November 20, 2019.

From 2021, mandatory retirement age of employees officially increases

This is the highlight of Article 169 in the 2019 Labor Code passed by the XIVth National Assembly on November 20, 2019.

Every Circular coming into force during the middle of December 2019

THƯ VIỆN PHÁP LUẬT would like to introduce the following notable Circulars that will come into force during December 11 – 20, 2019:

List of substances prohibited for use in animal feeds

On November 28, 2019, Ministry of Agriculture and Rural Development promulgates the Circular No. 21/2019/TT-BNNPTNT providing instructions about animal feeds.

More cases requiring registration for mortgaging rights to use land and attached property

On November 25, 2019, the Ministry of Justice issued the Circular No. 07/2019/TT-BTP providing instructions about several matters regarding registration for mortgaging rights to use land and attached property.

Steps in revising licenses for establishment of representative offices of foreign credit institutions

Recently, State Bank of Vietnam has promulgated the Circular No. 25/2019/TT-NHNN amending and supplementing the Circular No. 40/2011/TT-NHNN dated December 15, 2011.

Lots of imports from Cambodia enjoy 0% preferential tariff rate

On November 20, 2019, the Government has issued the Decree No. 92/2019/ND-CP on the special preferential import tariff for implementation of the Agreement between Vietnam and Cambodia for 2019 – 2020 period.

Customs formalities for border residents’ cross-border trades are about to take effect

This is the highlight of the Circular No. 80/2019/TT-BTC providing instructions for customs procedures, tax administration, fees and charges for imports and exports under Decree No. 14/2018/ND-CP on cross-border trades.

From January 1, 2021, children’s toys must be made according to new national regulations

This is the highlight of the Circular No. 09/2019/TT-BKHCN on issuance of National Technical Regulation on safety for children’s toys.

12 socio-economic growth indices of 2020 are ready for use

National Assembly has ratified the Resolution No. 85/2019/QH14 on the 2020 socio-economic growth plan, which issues 12 major indices that need to be meet targets in 2020, including:

New regulations on use of electronic wallets in force from January 7, 2020

State Bank of Vietnam has just promulgated the Circular No. 23/2019/TT-NHNN amending the Circular No. 39/2014/TT-NHNN providing guidance on payment intermediary services.

04 notable policies coming into force from December 01, 2019

THƯ VIỆN PHÁP LUẬT would like to bring to our dearest members some notable policies which are coming into force from December 01, 2019, including:

Below are six tasks enterprises need to perform in December 2019

THƯ VIỆN PHÁP LUẬT would like to introduce the list of tasks that you need to perform in this December, including:

Project owners have to pay up to 1 billion dong in fines for late submission of documents required for application for buyers' house ownership certificates

The Government has promulgated the Decree No. 91/2019/ND-CP, prescribing administrative penalties for violations arising in the land and real estate sector.

Employees holding the following degrees or certificates will receive higher pay

The Decree No. 90/2019/ND-CP prescribes that the pay rate paid to employees completing vocational training and education must be 7% higher than the respective region-based minimum pay rate specified in clause 1 of Article 3 in this Decree.

Fines for illegally using foreign currencies in contract prices are set to drop

On November 14, 2019 the Government promulgated the Decree No. 88/2019/ND-CP on administrative penalties for violations arising in the monetary and banking sector.

New interest rate regulations to take effect from November 19, 2019

The State Bank of Vietnam has recently promulgated the Decision No. 2415/QD-NHNN and the Decision No. 2416/QD-NHNN on interest rates imposed by credit institutions and state bank branches in accordance with the Circular No. 07/2014/TT-NHNN and Circular No. 39/2016/TT-NHNN. Below are specific regulations:

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