VLLF

The Government has recently adopted several mechanisms and policies to promote the development of solar power systems installed on roofs of people’s houses, public offices, industrial parks, cottage industry zones, export processing zones, hi-tech parks, economic zones, and production and trade facilities, provided they are legally built.

From January 5 next year, the newly established Department of Anti-Money Laundering will operate under the State Bank of Vietnam (SBV).

By 2030, Vietnam will become a regional leader in blockchain technology application, have an international ranking in research, application and exploitation of blockchain technology.

In order to help promote production and business activities, the Ministry of Finance has proposed reducing the payable land rental amounts of 2024 for organizations, enterprises, households and individuals that are leased land directly by the State with annual land rental payment.

The 2024 Law on the Capital aims to complete a legal foundation with peculiar, prominent mechanisms for building and developing the Capital as a political, administrative, economic and cultural center.

Foreign employees who are citizens of foreign countries and currently working in Vietnam under labor contracts with a term of at least 12 months would have the right to join Vietnamese trade unions and engage in trade unions activities at the grassroots level.

The Government on October 15 issued Decree 132/2024/ND-CP, adopting new policies toward employees participating in the implementation of overseas oil and gas projects.

The Ministry of Culture, Sports, and Tourism (MOST) on October 8 issued Decision 2962/QD-BVHTTDL, approving a plan to support the research, restoration, and preservation of the intangible cultural heritages of ethnic minorities in Vietnam.

From October 23, certain activities of state agencies will be fully shifted to online environment, including provision of online public services; internal governance; direction and administration; and supervision, inspection, and auditing.

The Prime Minister has recently approved the establishment of the central steering committee for the elimination of temporary and dilapidated houses across the nation.

From November 20, foreign universities that wish to establish their branches in Vietnam must be those lawfully established and operating abroad and be among the top 500 universities in the World University Rankings in one of the latest three years.

To meet production and business needs or in case of unexpected eventualities like disasters, fires or dangerous epidemics, an employer may temporarily assign an employee to perform a job other than that stated in the labor contract

The State Bank of Vietnam (SBV) is drafting a circular regulating the opening and use of Vietnamese dong-denominated accounts for foreign investors, in order to conduct foreign indirect investment activities in Vietnam.

The new Law on Cooperatives set to take effect on July 1 this year, includes regulations on the establishment, management, reorganization, dissolution, bankruptcy, and related activities of cooperative groups, cooperatives, and unions of cooperatives. It also introduces state policies to promote the development of cooperatives.

The Ministry of Transport is gathering public comments on a draft revised Railway Law with a focus on incentives and support for the railway sector; railway infrastructure investment and management; connection of railway transport with other modes of transport; and railway transport activities.