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ENVIRONMENTAL RISK MANAGEMENT IN CREDIT EXTENSION ACTIVITIES

On December 23, 2022, The Governor of the State Bank of Vietnam issues Circular No. 17/2022/TT-NHNN providing guidance on environmental risk management in credit extension activities of credit institutions and foreign bank branches.

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Must not have a non-performing loan ratio under 3% when purchasing debts

On December 26, 2022, the State Bank of Vietnam issues the Circular No. 18/2022/TT-NHNN on amending and supplementing the Circular No. 09/2015 prescribing debt purchase and sale by credit institutions and foreign bank branches.

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FROM JANUARY 01, 2023, BUYERS MAY REFUSE TO PARTICIPATE IN INSURANCE WITHIN 21 DAYS

This is the remarkable content prescribed in the Law on insurance business No. 08/2022/QH15 which is passed by the National Assembly on June 16, 2022.

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HIGH-TECH ENTERPRISES ARE ELIGIBLE FOR THE IMPORT OF USED TECHNOLOGICAL LINES

On December 20, 2022, the Prime Minister issues the Decision No. 28/2022/QD-TTg on amending and supplementing a number of articles of the Decision No. 18/2019/QD-TTg dated April 19, 2019 prescribing the import of used machinery, equipment and technological lines.

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FROM JANUARY 01, 2023: HAVE DECREE ON THE SUBMISSION AND PRESENTATION OF HOUSEHOLD REGISTRATION BOOK

On December 21, 2022, the Government issues Decree No. 104/2022/ND-CP on amending and supplementing the Decrees on the submission, presentation of household registration books, paper temporary residence books in making administrative procedures, and supplying public services.

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LUNAR NEW YEAR HOLIDAYS IN 2023 OF PUBLIC SERVANTS AND EMPLOYEES

On December 07, 2022, the Ministry of Labor, Invalids and Social Affairs issues Notice No. 5034/TB-LDTBXH on the Lunar New Year and national day holidays in 2023 of cadres, public servants, and officials.

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AN INSURANCE AGENT CERTIFICATE ISSUED BEFORE 2023 SHALL BE USED BEFORE 2025

On November 16, 2022, the Minister of Finance issues Circular No. 69/2022/TT-BTC detailing regulations on insurance certificates, insurance agent certificates, insurance broker’s certificates, and insurance auxiliary operations certificates.

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ANTI-MONEY LAUNDERING LAW 2022 IS APPLIED ON MARCH 01, 2023

On November 15, 2022, the National Assembly passed Law No. 14/2022/QH15 on Anti-Money Laundering.

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DIGITAL TRANSFORMATION IN NON-CASH SOCIAL SECURITY PAYMENT

On November 25, 2022, the Prime Minister issues Directive No. 21/CT-TTg on promoting digital transformation in non-cash social security payments.

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