Tag: regulation

The new decree, that takes effect from November 20, regulates the functions, tasks, powers and organizational structure of all ministries and ministerial-level agencies.

After consulting with businesses and analysts on a draft report on the implementation of the Vietnam Civil Aviation Law, the Vietnam Chamber of Commerce and Industry (VCCI) has made a series of comments. Analysts believe there are still many inadequate regulations on civil aviation when the State intervenes in production and business plans or restricts aircraft procurement activities, hindering the development of the sector. To solve the problems, the VCCI made two important suggestions relating to utilizing the resources of enterprises and aircraft parking issues.

The Law on Prices and the legal framework on valuations have now been implemented for a decade. From recent mistakes relating to valuation activities and the quality of appraisers, it is clear that, if not corrected, these will be further corrupted, distorting prices in economic transactions, abetting wrongdoings, and causing losses of State budget and property.

The Ministry of Transport has issued Circular No. 21/2022/TT-BGTVT stipulating the management and maintenance of inland waterway infrastructure works. The Circular applies to organizations and individuals involved in the management and maintenance of inland waterway infrastructure works and takes effect from November 1.

With the number of new cases of community transmission of Covid-19 standing at 0.025 per 100,000 people each week and the rate of people over 18 years of age having received at least one dose of vaccine reaching nearly 98 per cent, Hanoi has become a “green zone” under pandemic control regulations.

There are currently no legal regulations in Vietnam on the activities of companies providing financial technology (fintech) solutions. The government has therefore assigned the State Bank of Vietnam (SBV) to coordinate with relevant ministries and agencies to develop a decree on the controlled testing mechanism over fintech activities in the banking sector in the fourth quarter of 2021.