Fresh Policies Come Into Effect Grom May 2022

Fresh Policies Come Into Effect Grom May 2022

New policies taking effect from May range from loans for students, duration of vocational training, trade remedies, and import and export of cultural products.
What's New in Rules on Vietnamese Language Proficiency Test For Foreigners

What's New in Rules on Vietnamese Language Proficiency Test For Foreigners

New policy on assessment of Vietnamese language proficiency for foreigners will come into effect in November.
Vietnam makes impressive hallmarks in with "dual role" and "charming foreign policy"

Vietnam makes impressive hallmarks in with "dual role" and "charming foreign policy"

History is stamped with special landmarks. For Vietnamese diplomacy, 2020 was one of the most memorable milestones. Vietnam successfully assumed the role of both ASEAN Chair in 2020 and non-permanent member of the United Nations Security Council for the term 2020-2021.
New policy in Vietnam: Reduce 30% of health service fees until the end of 2020

New policy in Vietnam: Reduce 30% of health service fees until the end of 2020

The Ministry of Finance has issued Circular No. 64/2020/TT-BTC dated July 8, 2020 regulating the fees in the health sector. Accordingly, the circular has reduced the fee by 30% in this area.
New policy in Vietnam: Auto registration fee to be reduced by half

New policy in Vietnam: Auto registration fee to be reduced by half

Locally manufactured cars in Vietnam would have their first-time registration fee cut by half until year's end, according to the new Decree 70/2020/ND-CP signed on June 28 by Prime Minister Nguyen Xuan Phuc. 
New policy in Vietnam: Reduce 50% of fees and charges for securities ervices

New policy in Vietnam: Reduce 50% of fees and charges for securities ervices

On May 7, 2020, the Ministry of Finance issued Circular No. 37/2020/TT-BTC stipulating the level of collection, payment of fees and charges in the field of securities in order to urgently support the subjects affected by Covid-19. Accordingly, Circular 37 reduced 50% of fees and charges in the field of securities.
New policy in Vietnam: Reduce construction, tourism and water resources' fee by 50%

New policy in Vietnam: Reduce construction, tourism and water resources' fee by 50%

The Ministry of Finance has just issued 03 Circulars No. 34, 35, 36/TT-BTC dated May 5, 2020 reducing 20-50% of fees and charges in construction, tourism, water resources in order to remove difficulties for production and business, ensuring social security in response to the Covid-19.
New policy in Vietnam: fee for bank and credit organization's establishment reduced by 50%

New policy in Vietnam: fee for bank and credit organization's establishment reduced by 50%

On May 5, 2020, the Ministry of Finance issued Circular No. 33/2020/TT-BTC stipulating the rates of collection and payment of fees for the establishment and operation licenses to banks and non-bank credit institutions. The circular takes effect from May 5, 2020 to the end of December 31, 2020.
New policy: Cash can be withdrawn freely via payment accounts

New policy: Cash can be withdrawn freely via payment accounts

The Governor of the State Bank of Viet Nam (SBV) issued Circular No. 27/2019/TT-NHNN stipulating the fees for withdrawing cash via payment accounts at the SBV.
New policy in Vietnam: 4 more industries encouraged to get investment

New policy in Vietnam: 4 more industries encouraged to get investment

The Government's Decree 37/2020/ND-CP, effective from May 15, 2020, has added to the list of investment incentive industries issued with Decree 118/2015/ND-CP in accordance with the Law on Supporting Small and Medium Enterprises.
New policy: Vietnamese labor to S.Korea asked to provide a guarantee of $4,252

New policy: Vietnamese labor to S.Korea asked to provide a guarantee of $4,252

The Prime Minister signed Decision No. 12/2020/QD-TTg on piloting the deposit for workers working in Korea under the Korean Employment Permit Program for Foreign Workers (EPS).
New policy in Vietnam: Reduce 30% of exploitation and use fee for environmental data

New policy in Vietnam: Reduce 30% of exploitation and use fee for environmental data

The Ministry of Finance's Circular No. 22/2020/TT-BTC dated April 10, 2020 stipulated on collection, remittance, management of exploitation charges and use of environmental data. The circular is effective from 5/26/2020.
New policy in Vietnam: Traffic violated vehicles not be confiscated with guarantee money place

New policy in Vietnam: Traffic violated vehicles not be confiscated with guarantee money place

According to Decree 31/2020/ND-CP, vehicles of violations in cases of temporary detention may be assigned to organizations and individuals that violate custody and preservation.
New policy in Vietnam: Administrative procedure documents will be issued to citizens on electronic copies

New policy in Vietnam: Administrative procedure documents will be issued to citizens on electronic copies

The Government has issued Decree 45/2020/ND-CP on the implementation of administrative procedures on the electronic environment. The decree takes effect on May 22, 2020.
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