VLLF

As per Article 4.2 of the State Bank of Vietnam’s Circular 48/2018/TT-NHNN (Circular 48), on savings deposits, Vietnamese citizens may make Vietnam-dong savings deposits, while Vietnamese residents are entitled to open foreign-currency savings accounts.

The Government leader has recently approved the roadmap for application of emission standards for imported and domestically manufactured and assembled motor vehicles, which will start from early next year.

The Premier on November 27 signed Official Telegraph 122/CD-TTg, requesting the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

Prime Minister Pham Minh Chinh has asked ministers and provincial leaders to take proactive measures to mitigate the impact of prolonged heavy rains and flooding in the central region.

Prime Minister Pham Minh Chinh has instructed related ministries and localities to tighten state management of e-commerce.

The Ministry of Construction has recently released the draft Law on Water Supply and Drainage so as to develop the country’s water supply and drainage systems and contribute to mitigating waterlogging in urban areas.

Prime Minister Pham Minh Chinh has ordered ministries, sectors and localities to speed up the eradication of the temporary and dilapidated houses nationwide.

From December 25, social media platforms providing Internet services and cross-border information in Vietnam will have to implement stricter user authentication processes, through phone numbers and personal identification numbers.

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.