legal updated
CASES ON APPRAISAL OF THE RESERVE PRICE OF NONPERFORMING LOANS
On May 16, 2017, the Government issued the Decree No. 61/2017/ND-CP stipulating on appraisal of the reserve price of nonperforming loans, collateral of nonperforming loans and establishment of the Council for auction of nonperforming loans, collateral of nonperforming loans for high value nonperforming loans, collateral
CONDITIONS FOR FACTORING ACTIVITY
On May 17, 2017, the State Bank of Vietnam issued the Circular No. 02/2017/TT-NHNN stipulating on factoring activity of credit institutions, foreign banks’ branches.
FROM JULY 01, 2017, THE STATUTORY PAY RATE IS VND 1,300,000 PER MONTH
This is the important content prescribed at the Decree No. 47/2017/ND-CP dated April 04, 2017 of the Government prescribing the statutory pay rate for public officials, public employees and armed forces’ personnel.
TO ESTABLISH THE DIRECTORATE OF NATURAL DISASTER PREVENTION AND CONTROL
This is the content prescribed at the Decree No. 15/2017/ND-CP of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Agriculture and Rural Development and takes effect on February 17, 2017.
CHANGING THE ORGANIZATIONAL STRUCTURE OF THE MINISTRY OF INFORMATION AND COMMUNICATIONS
In accordance with the Decree No. 17/2017/ND-CP dated February 17, 2017 of the Government defining the functions, tasks, powers and organizational structure of the Ministry of Information and Communications, from February 17, 2017, the Ministry of Information and Communications has 28 attached units instead of 29 attached
COMMERCIAL MEDIATORS MUST HAVE UNIVERSITY OR HIGHER DEGREE
Takes effect on April 15, 2017, the Decree No. 22/2017/ND-CP dated February 24, 2017 of the Government on commercial mediation prescribing that a commercial mediator must possess a university or higher degree and having at least 2 years’ working experience in the discipline he/she has studied; have full civil act capacity as
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