New decree

Update news New decree

New decree aims to tackle Vietnamese labourers illegally staying overseas

A new Government decree has been issued detailing increased fines for agencies that illegally send workers overseas and for workers who overstay their permits.

New decree paves the way for foreign educational co-operation and investment in VN

 VietNamNet Bridge – A foreign project to establish a higher education institution in Viet Nam must secure total investment funds of at least VND1 trillion (US$44.5million),

New decree on foreign rep offices comes out

 VietNamNet Bridge – The Government has issued a new decree governing foreign firms’ establishment of representative offices and branches in Vietnam.

New decree limits foreign TV channels

 VietNamNet Bridge – Foreign television channels allowed on Vietnam’s pay TV networks are capped at 30% of the total number of channels as regulated in the Government’s Decree No. 06/2016 on management of radio and television services.

New decree serves as magnet for foreign capital flow

VietNamNet Bridge - The strong rise of the VN Index since late June is attributed to the high hopes of a new wave of foreign capital thanks to the new policy on no-limit foreign-ownership ratio in many business fields.

Six categories of Vietnamese not allowed to work for foreign employers

 VietNamNet Bridge – A new decree has stipulated in details six categories of Vietnamese citizens who are not allowed to work for foreign organisations and individuals in Vietnam.

Political Headlines December 27

 Managers in firing line for internal corruption; Congratulations to Japan Emperor’s birthday, National Day; VFF President welcomes Thai ambassador

New decree to come out to handle bad debts at SOEs

VietNamNet Bridge – The Ministry of Finance will present to the Government a decree on handling bad debts at State-owned enterprises which will serve as a legal basis to require enterprises to classify debts and better handle bad debts.

Vietnam pays heavy price for uncontrolled gold mobilization

For a long time, commercial banks absorbed in mobilizing gold and lending in gold, and selling the mobilized gold for money to lend for higher interest rates.

State Bank’s gold unsalable

Contrary to all predictions, the State could not sell gold at the auction held on March 28, 2013. It was because the gold became too expensive after going through the State Bank’s hands.

SBV trades non-SJC gold, commercial banks make fat profit

The fact that the State Bank trades non-SJC bullion gold as per the newly issued Circular No. 06 has helped commercial banks make fat profits.