Legal Document Updates in English (05/2018)

CASINO BUSINESS MUST USE COMPUTER SOFTWARE TO MANAGE TRANSACTION

On December 29, 2017, the Ministry of Finance issued the Circular No. 146/2017/TT-BTC guiding management and supervision of casino tax collection, takes effect on February 12, 2018.

This Circular defined that casino enterprise must use computer software to manage any transactions related to cash and tokens and ensure that this software data must be specified in the revenue statement made according to the revenue statement; at the same time, these transactions must be sufficiently recorded and reported to relevant competent authorities.

The revenue statement must be prepared by computer software and sent to the supervisory tax agency at the time

PERSON WHO IS 15 IS PERMITTED TO USE CREDIT CARDS WITHOUT SECURITY ASSETS

Many new provisions about bank cards were promulgated by the State Bank of Vietnam at Circular No. 26/2017/TT-NHNN dated December 29, 2017, amending Circular No. 19/2016/TT-NHNN.

First, this Circular defined any person who is 15 to less than 18 years of age and does not have lack of legal capacity or limited legal capacity is permitted to use debit cards, credit cards and prepaid cards, within that, as to previous provision, in order to use these cards, this subject must have his/her own assets to be taken as security.

A person who is 6 to less than 15 years of age, does not have lack of legal capacity or limited legal capacity, and obtains an authorization in writing made by his/her legal

THE CONTRACTOR MUST HAVE GUARANTEE ISSUED BY A BANK IN ONLINE BIDDING

This is the content prescribed by the Ministry of Planning and Investment at the Circular No. 04/2017/TT-BKHDT prescribing in detail the contractor selection via the National E-Public Procurement system.

In particular, when participating in online bidding, a contractor shall provide bid security before the time of bid closing in the form of letter of guarantee issued by a bank or credit institution lawfully operating in Vietnam. For banks and credit institutions already connected to the National E-Public Procurement system, the contractor shall provide online bid security. For banks and credit institutions not yet connected to the system, the contractor must provide a scanned copy of the bank’s letter of guarantee enclosed with the E-BD submitted. In this case, the contractor shall commit to submitting the original letter of bid guarantee.

GUIDING THE SURVEILLANCE OF SECURITIES TRADING
ON THE SECURITIES MARKET

On October 25, 2017, the Ministry of Finance issued the Circular No. 115/2017/TT-BTC guiding the surveillance of securities trading on the securities market; obligation of institutions and individuals involved in securities trading or providing securities trading services to provide information and explanations upon request.

Institutions and individuals involved in securities trading or providing securities trading services are obliged to promptly, adequately and accurately provide information, documents and electronic data relating to securities trading surveillance contents at the request of the SSC, SEs and VSD.

PUBLISHING 6 SEAPORT WATERS
IN QUANG NINH

On January 03, 2018, the Ministry of Transport issued Circular No. 01/2018/TT-BGTVT publishing of seaport waters in Quang Ninh province and area under management of the maritime administration of Quang Ninh.

Accordingly, there are 6 seaport waters in Quang Ninh province, includes: Quang Ninh seaport waters in Van Gia - Hai Ha area; Quang Ninh seaport waters in Mui Chua area;

DEFENSE COUNSELS, PARTICIPATING IN THE SEALING
AND BREAKING OF SEALS OF EXHIBITS

On November 16, 2017, the Government issued the regulations detailing the sealing and breaking of seals of exhibits at the Decree No. 127/2017/ND-CP.

Accordingly, all exhibits collected shall be sealed, except exhibits being live animals and plants; exhibits being documents which are included in case files; exhibits which are perishable or hard to be preserved; and other exhibits which the agencies or persons competent to conduct legal proceedings deem they need not to be sealed.

Persons participating in the sealing of exhibits include witnesses or representatives of the administrations of communes, wards or townships where exhibits are sealed; persons concerned; representatives of agencies and organizations with interests, obligations and/or responsibilities related to the exhibits (if any); defense counsels (if any); defense counsels (if necessary) may participate in the breaking of seals of exhibits

INVEST OVER VND 30.000 BILLION FOR DEVELOPING TOURISM INFRASTRUCTURE

The target program on development of tourism infrastructure during 2016 - 2020 was approved by the Prime Minister at the Decision No. 1861/QD-TTg dated November 23, 2017.

With total budget is about VND 30,664,551 billion, the program sets a target by 2020, to ensure synchronous infrastructure facilities for 3 to 5 national tourist sites, thus creating favorable conditions for tourists and attracting domestic and foreign investment; support investment in transport infrastructure and create favorable conditions for access to a number of fundamental infrastructure facilities and tourism infrastructure facilities of 30 national tourist sites.

NETWORK OF ORGANIZATION OF QUERY ON TECHNICAL BARRIERS TO TRADE

On November 24, 2017, the Prime Minister promulgated the Regulation on organization and operation of the network of notification and enquiry authorities and the Interdisciplinary Committee on Technical Barriers to Trade at Decision No. 46/2017/QD-TTg.

In which, Vietnam’s network of notification and enquiry authorities on technical barriers to trade (below referred to as the Vietnam TBT network) includes the national TBT point (the Vietnam Notification Authority and Enquiry Point Office under the Directorate for Standards, Metrology and Quality of the Ministry of Science and Technology); ministerial-level TBT Points (agencies that are appointed to perform TBT-related tasks of 10 Ministries such as: Ministry

MORE 06 COUNTRIES HAVING PILOT GRANT OF E-VISAS

The Government issued the Resolution No. 124/NQ-CP dated November 29, 2017 on supplementing the list of countries whose citizens are eligible for pilot grant of e-visas.

Accordingly, the list of countries whose citizens are eligible for pilot grant of e-visas is supplemented with 06 countries, including Australia; United Arab Emirates; Canada; India; the Netherlands; New Zealand.