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Regulatory requirements for financial companies' granting equity investment credit facilities

Circular No. 23/2020/TT-NHNN regulates the prudential limits and ratios of non-bank credit institutions.

2 types of interbank fund transfer service fees continue to be decreased by 50%

Circular No. 19/2020/TT-NHNN dated December 30, 2020 regulates amendments and supplements to certain articles of the Circular No. 26/2013/TT-NHNN, adopting the Schedule of Fees for Payment Services via the State Bank of Vietnam.

Maximum remuneration paid for property auction services is increasing as of February 4, 2021

Ministry of Finance issues the Circular No. 108/2020/TT-BTC, amending and supplementing the Circular No. 45/2017/TT-BTC dated May 12, 2017, regulating the range of remunerations paid for property auction services under the provisions of the Law on Property Auction.

List of state secrets in the information and communications sector

The Prime Minister issues the Decision No. 2238/QD-TTg dated December 29, 2020 regarding the list of state secrets in the information and communications sector.

16 areas required to provide data for the Industry and Trade environmental database

The Ministry of Industry and Trade promulgates the Circular No. 42/2020/TT-BCT dated November 30, 2020, regulating the declaration of data, management and use of the Industry and Trade environmental database.

Nine cases of withdrawal of work permits are now announced

On December 30, 2020, the Government promulgates the Decree No. 152/2020/ND-CP regarding foreign employees working in Vietnam, recruitment and management of Vietnamese employees working for foreign entities and persons in Vietnam.

Tariff quotas on imports of salt and poultry eggs to take effect in 2021

On December 24, 2020, the Ministry of Industry and Trade promulgates the Circular No. 52/2020/TT-BCT, regulating in-quota quantities and rules for administration of tariff quotas for import of salt and poultry eggs in 2021.

Rates of out-of-network health insurance coverage at provincial-level hospitals to take effect as of January 1, 2021

Social Security of Vietnam issues the Official Dispatch No. 4055/BHXH-CSYT, providing guidance on the implementation of clause 6 of Article 22 in the Law on Health Insurance regarding the rates of out-of-network health insurance coverage at provincial-level health service providers as from January 1, 2021.

Rates of reduction in 29 fees and charges in effect till end of June 30, 2021

This is the highlight of the Circular No. 112/2020/TT-BTC, regulating the collection rates of fees or charges to support and address difficulties in production, business activities and to assure social security in response to Covid-19 epidemic.

Supreme People’s Court provides guidelines on declaring an enterprise are insolvent

Recently, the Supreme People’s Court has issued the Official Dispatch No. 199/TANDTC-PC regarding the notification of online responses to certain issues related to bankruptcy proceedings.

05 cases of exemption from exhaust tests for new manufactured and imported automobiles are now made known

On December 23, 2020, the Ministry of Transport issues the Circular No. 33/2020/TT-BGTVT on amendments to 01:2020 QCVN 86:2015/BGTVT – National technical regulation on the fourth level of gaseous pollutants emissions for new assembled, manufactured and imported automobiles.

Amounts of fees and charges to be paid for veterinary services

On November 23, 2020, the Ministry of Finance promulgates the Circular No. 101/2020/TT-BTC, prescribing rates and regimes for collection, payment, administration and use of fees and charges for veterinary services.

Objects receive agricultural investment priority

Ministry of Agriculture and Rural Development issues the Decision No. 5227/QĐ-BNN-KH on approval of the Plan for promotion of agricultural and rural investments for the 2021-2025 period.

Intellectual Development Program by 2030 is approved

On December 24, 2020, the Prime Minister issues the Decision No. 2205/QĐ-TTg on approval of the Intellectual Development Program by 2030.

Annual leave coming in use as of 2021: 4 new regulations employees should notice

Below is the summary of new regulations on employee’s annual leave commencing in 2021 under the 2019 Labor Code and Decree No. 145/2020/ND-CP.

37 technologies are given research, development and application priority

Recently, the Prime Minister has issued the Decision No. 2117/QĐ-TTg regarding the list of technologies given research, development and application priority to actively take part in the fourth industrial revolutionary.

Enterprises need to provide 05 pieces of information about workplace accidents

Circular No. 13/2020/TT-BLDTBXH, providing guidance on the collection, storage, reporting, provision, announcement and assessment of accidents at work and technical failure causing any serious loss of occupational safety and hygiene

Application requirements for consent to foreign cash import and export to take effect as of February 1, 2021

Circular No. 17/2020/TT-NHNN dated December 14, 2020, amending the Circular No. 33/2013/TT-NHNN, providing guidance on application procedures for consent to export and import of foreign currency cash by authorized banks.

Retail prices of electricity for October, November and December this year is reduced by 10%

The Ministry of Industry and Trade issues the Official Dispatch No. 9764/BCT-DTDL regarding the second support granted by reduction in electricity prices and bills for Covid-19-stricken users.

Summary of new regulations enshrined in Laws, Codes in force on January 1, 2021

Below are significant new regulations of 11 Laws and Codes officially coming in use on January 1, 2021:

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