VLLF

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.

The Prime Minister has recently urged relevant agencies to accelerate the disbursement of public investment in the remaining months of this year.

By 2030, the coverage of 5G mobile network is expected to reach all cities, provinces, high-tech zones, research and development centers, industrial parks, stations, ports and international airports by 2025 and 99 percent of the population by 2030.

Prime Minister Pham Minh Chinh has requested further support to enterprises to overcome difficulties and promote production and business activities in the remaining months of 2024 and in the following years.

The State Bank of Vietnam (SBV) has issued a circular on USD deposit interest rates applicable to organizations and individuals at credit institutions and foreign bank branches.

Prime Minister Pham Minh Chinh has called for the acceleration of the removal of temporary and dilapidated houses nationwide.

Land-using projects on construction of urban areas, projects on rural residential areas and projects regulated by specialized laws will be subject to bidding for investor selection, according to Government Decree 115/2024/ND-CP recently issued to detail the Bidding Law regarding the selection of investors for implementing land-using investment projects.

The Government has recently issued Decree 110/2024/ND-CP, on social work, with the hope to promote the development of the system of social work service providers in Vietnam.

Prime Minister Pham Minh Chinh has signed a decision issuing the strategy for developing Vietnam’s semiconductor industry by 2030, with a vision toward 2050.

From the beginning of August this year, the initial registration of land and land-attached assets may be carried out electronically in accordance with the land and e-transaction laws.

Issued to detail several articles of the 2024 Land Law regarding compensation, support and resettlement upon land recovery by the State, Government Decree 88/2024/ND-CP contain provisions focusing on compensation in land with use purposes different from those of the recovered land or in houses when the State recover land.

With 210 articles, the 2024 Law on Credit Institutions is expected to complete a legal framework for dealing with credit institutions facing liquidity risks and poorly-performing credit institutions.