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CENTRAL PROVINCES SHALL REDUCE ONE-OFF LAND USE RENTAL PAYMENTS FOR WHOLE LAND LEASE TERMS

Central provinces shall need to reduce cases where land lessees are allowed to make one-off land use rental payments for whole land lease terms is the content in the Directive No. 27/CT-TTg on solutions to promote growth and sustainable development of Central

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JOIN STOCK COMPANY MUST HAVE AT LEAST VND 30 BILLION OF REGULATION CAPITAL FOR INITIAL OFFERING OF STOCK

This is one of new, strict conditions for enterprises’ public offer of securities in the Law on Securities No. 54/2019/QH14. As in the Law on Securities No. 70/2006/QH11, this number is only VND 10 billion.

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TO AMEND THE COSMETIC PROCLAMATION DOSSIER

The Ministry of Health promulgates the Circular No. 32/2019/TT-BYT on amending and supplementing Clause 4 Article 4 and Appendix No. 01-MP of the Circular No. 06/2011/TT-BYT, providing cosmetic management on December 16, 2019.

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TO SUPPLEMENT THE LIST OF HS CODE FOR A NUMBER OF EXPORT COMMODITIES

On November 16, 2019, the Ministry of Industry and Trade issues the Circular No. 41/2019/TT-BCT on supplementing HS code Lists of imported and exported goods prescribed in some Circulars of the Ministry of Industry and Trade.

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USE AT LEAST 2 METHODS OF ASSETS APPRAISAL FOR AUCTION OF THE RIGHT TO OPERATE ROAD INFRASTRUCTURE

On December 03, 2019, the Ministry of Finance promulgates the Circular No. 86/2019/TT-BTC guiding the determination of the reserve price in auction for lease or definite-term transfer of the right to operate road infrastructure assets invested and managed by the State.

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THE LAND PRICE BRACKET IN HA NOI AND HO CHI MINH CITY: MAXIMUM UP TO VND 162 MILLION PER M2

This is the regulation prescribed in the Government’s Decree No. 96/2019/ND-CP on the land price bracket dated December 19, 2019.

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TO GUIDE THE NEWEST PROCEDURES ON THE ISSUANCE OF POPULAR PASSPORT

This new content is prescribed in the Law   No. 49/2019/QH14 on the Exit and Entry of Vietnamese Citizens, which is passed by the National Assembly on November 22, 2019.

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FROM JULY 01, 2020, FOREIGNERS ARE ALLOWED TO CHANGE VISA STATUS

This is the new regulation in the Law on amending and supplementing a number of articles of the Law on Foreigners’ Entry into, Exit from, Transit through and Residence in Vietnam No. 51/2019/QH14 dated November 25, 2019.

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TO REPEAL PROVISION ON BUILDING MATERIALS DEVELOPMENT PLANS OF THE DECREE NO. 24a/2016/ND-CP

On December 16, 2019, the Government promulgates the Decree No. 95/2019/ND-CP on amending and supplementing a number of Articles of the Decree No. 24a/2016/ND-CP on management of building materials.

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