Want to be in the loop?
subscribe to
our notification
Business News
POLICIES COME INTO FORCE SINCE DECEMBER
A string of new policies on administrative penalties on measurement, management of State budget on external activities, and supervision of stock transactions will come into effect since December 2017.
Administrative violations on measurements
Decree 119/2017/ND-CP, dated November 1, 2017 stipulates administrative violations in the domain of standard, measurement and quality of products and
goods.
Accordingly, measurement violations will be subject to VND 100 million and VND 200 million in maximum for each individual and each organization, respectively. Violations of standard and quality of products and goods will be imposed penalties of VND 150 million for an individual and VND 300 million for an organization.
Management and use of State budget for external activities
Decree 117/2017/ND-CP, dated October 19, 2017 stipulating on management and use of State budget for some external activities shall take effect on December 10, 2017.
The decree regulates tasks on State budget collection and spending on some external activities; budget estimate and enforcement of some external activities in accordance with the Law on State budget.
Supervision of stock transactions
Since December 8, 2017, stock transactions on the securities market will be regulated under the Ministry of Finance’s Circular 115/2017/TT-BTC.
The Circular clearly stipulates supervisory contents of the State Securities Committee.
Guidance in horse racing
Circular 101/2017/TT-BTC guiding some articles of Decree 06/2017/ND-CP on gambling in dog, horse racing, and international football came into valid from December 1, 2017.
Source: VGP
Related News
ESG SERIES MASTERCLASS
Join the ESG Series Masterclass today and be a part of the solution led by our team of industry experts Bao Nguyen, Betty Pallard, Chi Nguyen, Jonathan SOURINTHA - HRK Group - PVA PRO - GPS (iBAG), Markus Klemmer, Paula Fajardo, Sergio Pereira da Silva along with many more to come…
VIETNAM’S GDP TO GROW 5.5% THIS YEAR – WB
This forecast is based on the assumption of a moderate recovery in manufacturing exports in 2024, fueled by rebound growth of 8.5% year-on-year in the fourth quarter of 2023 and 17.2% year-on-year in the first quarter of 2024, reflecting strengthening global demand, said Dorsati Madani, senior country economist at the WB in Vietnam.
FARE REFUND FOR VISA REJECTION
Cathay Pacific will offer full refunds for cases of visa rejection to provide you with the confidence to explore the world with ease. If you are planning to fly to a destination that requires an entry visa, you can now book with greater peace of mind.
MOIT PROPOSES SCHEME TO BOOST RENEWABLE ENERGY PROCUREMENT
The proposed Direct Power Purchase Agreement (DDPA) mechanism, outlined in the draft decree, targets organisations and individuals consuming electricity from the 22kV power grid or higher, with a monthly consumption averaging 500,000kWh. However, residential households are excluded from direct procurement.
REAL ESTATE BONDS PLACE PRESSURE ON ISSUING FIRMS
The ministry’s recent report underscores concerns within Vietnam’s corporate bond market for 2023 and 2024. It emphasizes the critical need to address hindrances to the real estate sector in line with the objectives provided in Government Resolution No. 33/NQ-CP, which aims to stabilize the industry.
FOUR COMMODITIES POST Q1 EXPORT VALUE OF OVER 5 BILLION USD
The total export turnover of agricultural, forestry, and fisheries products in the first three months of 2024 is estimated to reach 13.53 billion USD, an increase of 21.8% compared to the same period of 2023.