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New policies take effect in Vietnam since November

Raising loans for production and business establishments, new regulations on cooperative associations and public activities of the market management force are new policies that will come into effect since November 2019. 



Decree No. 74/2019/ND-CP dated September 23, 2019 on providing amendments to the Government’s Decree No.61/2015/ND-CP prescribing employment creation policies and national employment fund heads to raise the preferential loan level from the national employment fund for small and medium-sized enterprises, co-operatives, cooperative groups, household business and laborers to create jobs, maintain and expand employment.  

According to Decree No. 74/2019/NĐ-CP, for production and business establishments, the maximum loan is VND 2 billion/project and not exceeding VND 100 million for 01 employee to create jobs, maintain and expand jobs. For employees, the maximum loan amount is VND 100 million.

Under the new regulations, the maximum loan term is raised from 60 months to 120 months.

Decree No. 77/2019/NĐ-CP on cooperative associations will take effect since November 25, 2019, which defines the establishment, organization, operation and ending operation of the cooperative associations. 

Circular No. 18/2019/TT-BCT of the Ministry of Industry and Trade regulates the public activities of the market management force, which will come into effect since November 15, 2019. 

Circular No. 68/2019/TT-BTC of the Ministry of Finance guides Decree No. 119/2018/NĐ-CP on e-invoices used for sale of goods and supply of services. 

The Supreme People's Court issued Resolution No. 06/2019/NQ-HĐTP guiding the application of some regulations of Articles No. 141, 142, 143, 144, 145, 146 and 147 of the Viet Nam's Penal Code and adjudication of sex crimes against persons under 18 years of age. 

The Resolution will take effect since November 5, 2019. VGP

Thuy Dung


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