Legal Document Updates in English (06/2022)

REGISTRATION FEE RATE APPLICABLE TO BATTERY ELECTRIC CARS IS 0%
IN 3 YEARS FROM MARCH 01, 2022

This is a highlight content in the Decree No. 10/2022/ND-CP on registration fee promulgated by the Government on January 15, 2022.

Specifically, to add the registration fee rates (%) applicable to battery electric cars as follows: Within 3 years from March 01, 2022, the first-time registration fee rate is 0%; within the subsequent 2 years, the first-time registration fee rate shall be equal to 50% of the rate applicable to cars operated by gasoline or diesel with the same number of seats.

Also in accordance with this Decree, registration fee rates (%) for many types of properties will remain at current levels. For ships, including badges, motor boats, tug ships, push ships, submarines, submersibles; boats, including yachts; aircraft, the rate is 1%. For hunting rifles and guns used to

COMMERCIAL BANKS MUST DISCLOSE INFORMATION
WITHIN 7 WORKING DAYS BEFORE INAUGURATING TRANSACTION OFFICES

This highlight content is prescribed by the State Bank of Vietnam in the Circular No. 01/2022/TT-NHNN dated January 28, 2022, amending and supplementing a number of articles of the Circular No. 21/2013/TT-NHNN dated September 9, 2013 of the Governor of the State Bank of Vietnam, providing for the operational network of commercial banks.

Specifically, commercial banks shall inaugurate the operation of domestic branches, transaction offices after satisfying the requirements, completing the procedures for branch operation registration (for branches) or notifying the establishment of business locations (for transaction offices) in accordance with the provisions of law.

LIST OF SECTORS SUBJECT TO GREENHOUSE GAS INVENTORY

On January 18, 2022, the Prime Minister issues the Decision No. 01/2022/QD-TTg on promulgating the list of sectors, greenhouse gas-emitting establishments subject to greenhouse gas inventory.

Accordingly, 5 lists of sectors, greenhouse gas-emitting establishments subject to greenhouse gas inventory are issued, including: The list of sectors subject to greenhouse gas inventory; The list of greenhouse gas-emitting establishments subject to greenhouse gas inventory in the industry and trade sector, transport sector; construction sector, natural resources and environment sector.

REQUIREMENTS FOR TOURISTS TO VIETNAM UNTIL MARCH 14, 2022

The Ministry of Culture, Sports and Tourism promulgates the Official Dispatch No. 465/BVHTTDL-TCDL on providing guidance on piloting welcoming international tourists to Vietnam in the second phase on February 17, 2022.

In accordance with this Official Dispatch, foreigners, overseas Vietnamese, and Vietnamese citizens traveling by charter flights or regular international commercial flights in the period until March 14, 2022 are allowed to participate in the Program for piloting welcoming international tourists if satisfying the following requirements:

- Participating in the tours of the selected international tourism enterprises;

- Having a certificate of full COVID-19 vaccination recognized by a Vietnam-based competent agency, with the last dose given within 14 days and not more than 12 months from the date of exiting the country. Or obtaining a certificate of recovery from COVID-19 or equivalent paper proving the recovery from COVID-19 which is granted by the competent agency of the country where the treatment is provided, and recognized by Vietnam. The duration from hospital discharge to the date of exit must not exceed 6 months;

RESUME TOURISM FROM MARCH 15, 2022

The Notice No. 43/TB-VPCP on Deputy Prime Minister Vu Duc Dam's conclusion at the meeting on the plan for resumption of tourism is issued on February 16, 2022 by the Government Office.

Accordingly, the Deputy Prime Minister agrees with the Ministry of Culture, Sports and Tourism's proposal and opinions from ministries and agencies attending the meeting on reopening tourism in the new normal according to directions of the Government and Prime Minister on “flexible

RAISE THE AVERAGE LABOR PRODUCTIVITY TO AROUND 7%/YEAR BY 2025

On February 08, 2022, the Prime Minister promulgates the Decision No. 167/QD-TTg approving the 2022-2025 Program on support for private enterprises in sustainable business.

Accordingly, specific objectives to 2025 include: Supporting the development of at least 10 instruments and solutions for measurement, assessment and recognition of sustainable business enterprises; thereby giving support to about 10,000 private enterprises for sustainable business; contributing to the achievement of energy consumption saving level of 5.0%- 7.0% of the total national energy consumption; raising the average labor productivity to around 7%/year; Attracting lawful resources, especially from enterprise community for materialization of initiatives towards sustainable business, etc.

6 CRITERIA FOR SELECTION OF PROPERTY AUCTION ORGANIZATIONS

On February 08, 2022, the Ministry of Justice issues the Circular No. 02/2022/TT-BTP providing guidance on selection of property auction organizations.

Specifically, 6 criteria for selection of property auction organizations include: Criteria of having physical foundations and equipment necessary for property auction; Criteria of having feasible and effective auction plan; Criteria of having capacity, experience and prestige; Criteria of having appropriate auction remuneration and auction expenses; Being on the Ministry of Justice-publicized list of property auction organizations, etc.

Besides, within 12 months from the date of dossier submission, if the property auction organization falls into one