Topic: regulation

Sweeping changes aim to link compensation more closely with productivity and performance within Vietnam's state-owned companies, impacting managers, controllers, and general staff.

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 Ministry of Construction (MoC) has proposed supplementing regulations in the draft amended Law on Housing on the number of apartments that foreign organizations and individuals can own in Vietnam. Foreign organizations and individuals will only be allowed to buy, rent-purchase, receive as gifts, receive as inheritance, or own 30 per cent of the number of apartments in an apartment building, including mixed-use apartments.

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.