Legal Document Updates in English (05/2020)

 

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NUMBER

TITLE

 

In This Updates:

FINANCE – BANKING

 

FINANCE – BANKING

1

149/QD-TTg

Decision No. 149/QD-TTg dated January 22, 2020 of the Prime Minister on the approval of the National financial inclusion strategy in Vietnam until 2025, with vision towards 2030

 

By 2025, at least 250,000 small and medium-sized enterprises have credit relationship with credit institutions

Page 2

TRANSPORT

 

TRANSPORT

2

10/2020/ND-CP

Decree No. 10/2020/ND-CP dated January 17, 2020 of the Government providing regulations on by-automobile transport business and its conditions

 

The fare for booking a car through the software is calculated according to the distance on the digital map

Page 2

SCIENCE – TECHNOLOGY

 

SCIENCE – TECHNOLOGY

3

08/2019/TT-BKHCN

Circular No. 08/2019/TT-BKHCN dated September 25, 2019 of the Ministry of Science and Technology on providing “National technical regulation on LED lighting products”

 

To promulgate the National technical regulation on LED lighting products

Page 2

CULTURE – SPORT – TOURISM

 

CULTURE – SPORT – TOURISM

4

147/QD-TTg

Decision No. 147/QD-TTg dated January 22, 2020 of the Prime Minister on approving the strategy of tourism development for Vietnam by 2030

 

By 2030, striving to receive at least 50 million international tourists

Page 3

AGRICULTURE – FOREST

 

AGRICULTURE – FOREST

5

13/2020/ND-CP

Decree No. 13/2020/ND-CP dated January 21, 2020 of the Government on detailing a number of articles of the Law on Animal Husbandry

 

To inspect the husbandry conditions of medium and small-scale farm every 03 year

Page 3

JUSTICE

 

JUSTICE

6

16/2020/ND-CP

Decree No. 16/2020/ND-CP dated February 03, 2020 of the Government on detailing a number of Articles and measures to implement the Law on Vietnamese Nationality

 

05 criteria to naturalization in Vietnam without renunciation of foreign nationality

Page 3

 

 

SUMMARY:

 

Ü  FINANCE – BANKING

BY 2025, AT LEAST 250,000 SMALL AND MEDIUM-SIZED ENTERPRISES
HAVE CREDIT RELATIONSHIP WITH CREDIT INSTITUTIONS

On January 22, 2020, the Prime Minister issues the Decision No. 149/QD-TTg on the approval of the National financial inclusion strategy in Vietnam until 2025, with vision towards 2030.

Accordingly, the Government sets out the following targets to achieve until the end of 2025:

First, at least 80% of adults have transaction accounts at banks or other qualified institutions; towards 2030, every adult shall have at least one transaction account at banks or other qualified institutions.

Besides, there shall be at least 20 banking branches and transaction offices for each 100,000 adults. At least 50% of the total number of communes shall have financial service provider points (branches and transaction offices of credit institutions and agent banks; except for service provider points of the Vietnam Bank for Social Policies).
 

Especially, at least 25% to 30% of adults shall have saving accounts at credit institutions; the number of cashless transactions shall reach the annual growth rate from 20% to 25%; there shall be at least 250,000 small and medium-sized enterprises which have credit relationship with credit institutions; revenue from insurance shall account for 3.5% of the GDP...

In order to reach the above targets, the Government advocates to complete the legal framework to create favorable conditions for the fulfillment of financial inclusion targets; develop agent banking model to expand the coverage of banking services points to people living in areas with limited or no access to banking services.

This Decision takes effect on the signing date.

Ü  TRANSPORT


THE FARE FOR BOOKING A CAR THROUGH THE SOFTWARE
IS CALCULATED ACCORDING TO THE DISTANCE ON THE DIGITAL MAP
 

On January 22, 2020, the Prime Minister issues the Decision No. 149/QD-TTg on the approval of the National financial inclusion strategy in Vietnam until 2025, with vision towards 2030.

Accordingly, the Government sets out the following targets to achieve until the end of 2025:

First, at least 80% of adults have transaction accounts at banks or other qualified institutions; towards 2030, every adult shall have at least one transaction account at banks or other qualified institutions.

Besides, there shall be at least 20 banking branches and transaction offices for each 100,000 adults. At least 50% of the total number of communes shall have financial service provider points (branches and transaction offices of credit institutions and agent banks; except for service provider points of the Vietnam Bank for Social Policies).
 

Especially, at least 25% to 30% of adults shall have saving accounts at credit institutions; the number of cashless transactions shall reach the annual growth rate from 20% to 25%; there shall be at least 250,000 small and medium-sized enterprises which have credit relationship with credit institutions; revenue from insurance shall account for 3.5% of the GDP...

In order to reach the above targets, the Government advocates to complete the legal framework to create favorable conditions for the fulfillment of financial inclusion targets; develop agent banking model to expand the coverage of banking services points to people living in areas with limited or no access to banking services.

This Decision takes effect on the signing date.

Ü  SCIENCE – TECHNOLOGY

TO PROMULGATE THE NATIONAL TECHNICAL REGULATION
ON LED LIGHTING PRODUCTS 

On September 25, 2019, the Ministry of Science and Technology promulgates the Circular No. 08/2019/TT-BKHCN on providing “National technical regulation on LED lighting products”.

To be specific, to issue with this Circular the National technical regulation on LED lighting products (QCVN 19:2019/BKHCN). Accordingly, LED technology is a light-emitting technology that uses diodes that can emit light wavelengths when electricity is passed, which can be infrared, ultraviolet or visible light.

LED luminaires (including fixed common LED luminaires and mobile common LED luminaires) shall have to comply with the regulations in the TCVN 7722-1:2017 (IEC 60598-
 

1:2014/AMD1:2017)  Luminaires - Part 1: General requirements and tests). At the same time, depending on the use of design, each type of LED luminaires must comply with the corresponding part of the TCVN 7722-2.

Self-ballasted LED lamps for general lighting purposes shall comply with the provisions of the TCVN 8782:2017 (IEC 62560:2011+AMD1:2015) Double-headed LED lamps designed to replace straight tube fluorescent lamps shall comply with the provisions of the TCVN 11846:2017 (IEC 62776:2014)

This Circular takes effect from December 31, 2019. 

Ü  CULTURE – SPORT – TOURISM

BY 2030, STRIVING TO RECEIVE
AT LEAST 50 MILLION INTERNATIONAL TOURISTS 

On January 22, 2020, the Prime Minister issues the Decision No. 147/QD-TTg on approving the strategy of tourism development for Vietnam by 2030.

Accordingly, by 2025, the total revenue from tourists of Vietnam will reaches VND 1,700-1,800 thousand billion (equivalent to USD 77-80 billion) and the average growth will reach 13-14% per year; the direct contribution to GDP will reach 12-14%. In addition, travel shall create about 5.5 - 6 million jobs, of which about 02 million are direct jobs.

Especially, striving to receive at least 35 million international tourists and 120 million domestic tourists, maintaining the average growth rate of international tourists from 12 to 14% per year and domestic tourists from 6 to 7% per year.

 

By 2030, total revenue from tourists will reach VND 3,100 - 3,200 thousand billion (equivalent USD 130 - 135 billion) and creating about 8.5 million jobs, of which about 03 million are direct jobs. Concurrently, striving to receive at least 50 million international tourists and 160 million domestic tourists.

In order to reach the above goals, the Government requires to focus on attracting tourists from markets: Northeast Asia, Southeast Asia, Australia, North America, Western Europe, Northern Europe, Eastern Europe and the Russian Federation.

This Decision takes effect on the signing date.

Ü  AGRICULTURE – FOREST

TO INSPECT THE HUSBANDRY CONDITIONS
OF MEDIUM AND SMALL-SCALE FARM EVERY 03 YEAR 

On January 21, 2020, the Government promulgate the Decree No. 13/2020/ND-CP on detailing a number of article of the Law on Animal Husbandry.

Accordingly, the criteria for a number of domestic animals that can use animal feed containing antibiotics in their juvenile stage for disease prevention are prescribed as follows: Pigs weighing up to 25 kg or from birth to 60 days of age; Chicken, duck, muscovy duck or quail from 01 to 21 days of age; Rabbits from birth to 30 days of age; Calves from 01 to 06 months of age.

Especially, antibiotics shall be only used in production of complete compound feeds for cattle and poultry and concentrate feeds for grazing cattle.
 

This Decree also regulate on cattle and poultry husbandry scale such as: Large-scale farm-based animal husbandry: From 300 or more of animal units; Medium-scale farm-based animal husbandry: From 30 to less than 300 animal units; Small-scale farm-based animal husbandry: From 10 to less than 30 animal units; Household-based animal husbandry: Under 10 animal units.

The Government assign for the Departments of Agriculture and Rural Development shall be responsible for inspecting the domestic animal conditions of medium and small-scale farm-based animal husbandry establishments. The frequency of inspection is every 03 years;

This Decree takes effect on March 05, 2020.

Ü  JUSTICE

05 CRITERIA TO NATURALIZATION IN VIETNAM
 WITHOUT RENUNCIATION OF FOREIGN NATIONALITY 

This is the new regulation issued by the Government in the Decree No. 16/2020/ND-CP on detailing a number of Articles and measures to implement the Law on Vietnamese Nationality on February 03, 2020.

As prescribed in the Law on Vietnamese Nationality, a person who proposes for naturalization in Vietnam shall have to renunciation of the foreign nationality.  However, the applicant for naturalization in Vietnam who is one of the cases specified in Clause 2, Article 19 of the Law on Vietnamese Nationality and fully meets the following conditions shall be considered as the special cases to be submitted to the President for consideration of naturalization in Vietnam without renunciation of foreign nationality.

Firstly, that applicants have full conditions for naturalization in Vietnam under the Law on Vietnamese Nationality.
 

Secondly, have made special meritorious contributions to Vietnam’s national construction; their naturalization in Vietnam and retention of foreign nationality concurrently is helpful to the State of the Socialist Republic of Vietnam.

Thirdly, the applicant’s retention of foreign nationality when naturalization in Vietnam complies with regulations of law of such country.

Fourthly, the applicant’s renunciation of foreign nationality shall affect to his/her rights in such country.

Fifthly, it is not allowed to use foreign nationality to infringe upon legal rights and interests of agencies, organizations and individuals; the national security, interest, social order and safety of the State of the Socialist Republic of Vietnam.

This Decree takes effect on March 20, 2020

 

 

 

 

 

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