Decision 999/QD-TTg 2019 scheme on promotion of the model of sharing economy

  • Summary
  • Content
  • Status
  • Vietnamese
  • Download
Save

Please log in to use this function

Send link to email

Please log in to use this function

Error message
Font size:

ATTRIBUTE

Decision No. 999/QD-TTg dated August 12, 2019 of the Prime Minister on approving the scheme on promotion of the model of sharing economy
Issuing body: Prime MinisterEffective date:
Known

Please log in to a subscriber account to use this function.

Don’t have an account? Register here

Official number:999/QD-TTgSigner:Nguyen Xuan Phuc
Type:DecisionExpiry date:Updating
Issuing date:12/08/2019Effect status:
Known

Please log in to a subscriber account to use this function.

Don’t have an account? Register here

Fields:Policy

SUMMARY

The State Bank shall develop a scheme of experimental management mechanism for Fintech activities

On August 12, 2019 the Prime Minister issues the Decision No. 999/QD-TTg on approving the Project of sharing economy model promotion.

Accordingly, to ensure legitimate rights, responsibilities and benefits of the parties engaging in the sharing economy model, including service providers, service users and platform providers and to encourage innovation, application of digital technology and digital economy development, the Prime Minister requires:

- The State Bank of Vietnam shall develop regulations on cross-border payment transactions through payment gateway licensed by the State Bank; research and develop a scheme of experimental management mechanism for Fintech activities in banking activities; research on the pilot mechanism of managing peer lending activities…

- The Ministry of Finance shall deploy the application of new technologies of the 4th Industrial Revolution in the field of taxation; research and develop documents guiding the implementation of the Law on Tax Administration to meet tax administration requirements for sharing economy activities; research and develop a mechanism to share information and data between state management agencies and tax authorities for sharing economy activities…

This Decision takes effect on the signing date.
For more details, click here.
Download files here.
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
Effect status: Known

THE PRIME MINISTER

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 999/QD-TTg

 

Hanoi, August 12, 2019

 

DECISION

Approving the scheme on promotion of the model of sharing economy

 

THE PRIME MINISTER

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to Resolution No. 13/NQ-CP of February 8, 2018, on the Government’s January 2018 regular meeting, and Resolution No. 124/NQ-CP of October 6, 2018, on the Government’s September 2018 regular meeting;

At the proposal of the Minister of Planning and Investment,

 

DECIDES:

Article 1. To approve the scheme on promotion of the model of sharing economy with the following principal contents:

1. Objectives

a/ To ensure an equal business environment for businesses operating after the model of sharing economy and those operating after the model of traditional economy;

b/ To ensure lawful rights, responsibilities and interests of parties participating in the sharing economy model, including service providers and users and platform as a service providers;

c/ To encourage innovation, application of digital technology and development of digital economy.

2. Viewpoints

a/ To advocate and adapt to new development trends of the model of sharing economy amid the rapid development of digital technology in the world; it is not necessary to adopt special policies for business forms after the model of sharing economy for the reason that sharing economy does neither constitute a separable part nor a separate sector of the economy.

b/ The state management needs to ensure the development of lawful economic activities, including sharing economic activities; change its approach and method to suit the development trend of digital economy and the Fourth Industrial Revolution; and raise the awareness and capacity of enterprises, localities and the people about the model of sharing economy.

c/ To create an equal business environment between enterprises engaged in sharing economy and enterprises engaged in traditional business models and between domestic enterprises and foreign enterprises toward supporting enterprises engaged in traditional business models to transform their business forms. The State shall encourage and prioritize the enhancement of innovative capacity of platform as a service-providing enterprises; make enterprises the center of the innovation system; support domestic technological enterprises in developing and creating digital platforms, and support digital transformation and digitization at the enterprise level and in the whole economy.

d/ To implement mechanisms of experimenting new policies (in sandbox format) for the deployment and application of new technologies in the model of sharing economy.

dd/ To improve the management capacity of the state apparatus in the context of the Fourth Industrial Revolution in order to meet the management requirements and promote the model of sharing economy. To promote models of sharing economy that meet the national interests and socio-economic development level, ensuring compliance with international commitments to which Vietnam is a contracting party.

e/ To limit risks related to the protection of consumer interests and prevention of tax losses and shirking of fulfillment of obligations and responsibilities in accordance with law.

3. Orientations for state management solutions to promote the model of sharing economy

a/ Group of solutions to exercise rights and perform responsibilities of service providers in the sharing economy

- To build the capacity to clearly understand personal and corporate responsibility for reporting on information related to sharing economic activities to state management agencies, including operational information, tax obligations and specialized management regulations.

- To develop mechanisms and policies to minimize the risks for parties during sharing economic activities, including early warning for service providers.

Click download to see the full text
Please log in to a subscriber account to see the full text. Don’t have an account? Register here
Please log in to a subscriber account to see the full text. Don’t have an account? Register here
Processing, please wait...
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency

ENGLISH DOCUMENTS

Official Gazette
Decision 999/QĐ-TTg PDF

This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here

* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers
For further support, please call 19006192

SAME CATEGORY

loading