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08 notable policies coming into force from the middle of January 2019

Continued from “Finance and banking policies coming into force from the middle of January 2019”, THƯ VIỆN PHÁP LUẬT would like to introduce the following policies:

Finance and banking policies coming into force from the middle of January 2019

During January 11 - 20, 2019, various finance and banking policies will officially come into force from; below are some notable ones:

Rates and percentages of employee’s salaries retained as regulatory contributions in 2019 are now specified

Below are rates and percentages of employee’s salaries retained as payments to insurance and trade union contributions (contributions paid by employees):

Using public property as payments to investors under BT contracts is now regulated

The Government has promulgated the Resolution No. 160/NQ-CP on using public property for paying investors implementing construction projects under Build - Transfer contracts (BT contracts). The Resolution sets out the following provisions:

Floor prices of stockbroker services no longer exist

The Circular No. 128/2018/TT-BTC prescribes prices of securities services applied in securities trading organizations and commercial banks participating in Vietnam’s securities markets. This Circular provides the following regulations:

Standardization of bank chip cards is on the way

On December 28, 2018, the State Bank promulgated the Circular No. 41/2018/TT-NHNN amending and supplementing the Circular No. 19/2016/TT-NHNN prescribing bank card services. The Circular prescribes the followings:

Instructions for closure of accounting books in the fiscal year 2018 on TABMIS are now available

The Ministry of Finance has promulgated the Official Dispatch No. 15861/BTC-KBNN providing instructions for closing accounting books in the fiscal year 2018 on TABMIS.

Another Circular providing guidance on corporate accounting regimes in effect

Recently, the Ministry of Finance has promulgated the Circular No. 132/2018/TT-BTC providing instructions for accounting regimes applied to extra-small enterprises, including the following provisions:

14 remarkable Circulars coming into force from January 01, 2019

THƯ VIỆN PHÁP LUẬT would like to introduce remarkable Circulars that come into force from January 01, 2019:

Remarkable contents of 10 laws coming into force from the beginning of 2019

THƯ VIỆN PHÁP LUẬT would like to introduce remarkable contents of 10 laws that come into force from January 01, 2019:

Civil Aviation Safety Regulations are amended and supplemented

On December 11, 2018, the Ministry of Transport promulgated the Circular No. 56/2018/TT-BGTVT amending and supplementing certain articles of the Civil Aviation Safety Regulations in the airplane and airplane operation aspects.

Attaching energy labels to motorcycles is compulsory from January 1, 2020

On December 17, 2018, the Ministry of Transport promulgated the Circular No. 59/2018/TT-BGTVT providing guidance on attaching energy labels to manufactured, assembled or imported motorcycles or mopeds.

Additional fees for domestic payment services via State Bank are now quoted

This is the new content of the Circular No. 33/2018/TT-NHNN amending the Circular No. 26/2013/TT-NHNN regarding the schedule of fees for domestic payment services via State Bank.

HCMC: Application documents for adjustment in base pay rates for calculation of SI contributions must be submitted by March 1

Ho Chi Minh city’s Social Security agency has issued the Official Dispatch No. 2717/BHXH-QLT providing guidance on payments of SI, UI and OA and ODI contributions made from January 1, 2019.

Instructions for application documents for benefits granted to meritorious people living overseas are adopted

The Ministry of National Defense has issued the Circular No. 170/2018/TT-BQP providing guidance on the Decree No. 102/2018/ND-CP on support policies for Vietnamese people rendering meritorious services to the revolution and people in revolutionary wars, who are leaving overseas.

Scanning paper documents for conversion into electronic documents is allowed

The Government has recently promulgated the Decree No. 165/2018/ND-CP on electronic financial transactions.

04 Notable Decrees coming into force from the beginning of January 2019

THƯ VIỆN PHÁP LUẬT would like to introduce 04 notable Decrees coming into force during January 1 – 10, 2019:

Regulation on time limits for evaluation of online bid documents comes into effect

The Ministry of Planning and Investment has recently promulgated the Circular No. 05/2018/TT-BKHDT elaborating on preparation of reports on evaluation of bidding documents for procurements in which contractors are selected via the national bidding network system.

Certain provisions of 2012 Labor Code will be amended

The Law on Amendments and Supplements to 37 Laws relating to planning and the XIVth National Assembly’s Resolution No. 72/2018/QH14 prescribes certain contents of the 2012 Labor Code which have been and will be amended or supplemented, including:

Businesses ineligible for certificates of conformance to food safety regulations have to give their commitments

The Circular No. 17/2018/TT-BNNPTNT prescribes the method for management of requirements for conformance to food safety regulations applied to agroforestry and fishery businesses ineligible for certificates of conformance to food safety regulations as follows:
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