Legal Document Updates in English (17/2017)

REGULATIONS ON NON-STOP ELECTRONIC TOLL COLLECTION
 

Decision No.  07/2017/QD-TTg on non-stop electronic toll collection issued by the Prime Minister on March 27, 2017 of the Prime Minister; takes effect on May 15, 2017.

This Decision points out that a vehicle subject to tolls shall be affixed to with a tag in conformity with standards for passive radio frequency identification for wireless link; the tag shall be affixed by a motor vehicle registration or an agency authorized by the toll service provider and a vehicle user is exempt from the expense associated with tag affixture for the first installation. If the tag is lost or damaged, the vehicle user shall, at his/her cost, have a new tag affixed to the vehicle, except for objective causes or technical defects.

A toll service provider shall open a prepaid account for a vehicle user in the toll collection system upon the first installation of a tag. Each prepaid account may be used for paying tolls for multiple vehicles, but each vehicle’s toll is

REGULATIONS ON DERIVATIVE SECURITIES
 

On March 16, 2017, the Ministry of Finance issued the Circular No. 23/2017/TT-BTC dated  March 16, 2017 of the Ministry of Finance on revising and supplementing a number of articles of the Circular No. 11/2016/TT-BTC dated January 19, 2016 on instructions for certain articles of the Government's Decree No. 42/2015/ND-CP dated May 5, 2015 on derivative securities and derivatives exchanges.

This Circular implements that the investor may open an general transaction account when  the fund management company referred to in Clause 2 of this Article is allowed to open one (01) general transaction account held in the name of the domestic entrusting investor and one (01) general transaction account held in the name of the foreign entrusting investor; a securities enterprise established in overseas countries allowed to open one (01) general transaction account to act on behalf of the foreign investor

CONDITIONS ON TRAINING AT THE MASTER LEVEL
 

On April 04,2017, the Ministry of Education and Training issued the Circular No. 09/2017/TT-BGDDT on prescribing requirements, processes and procedures for opening of academic disciplines or majors, suspension or cancellation of enrolment, revocation of decision on opening of disciplines or majors at the master’s or doctoral level.

This Circular points out clearly that universities, academies and higher education shall be licensed to open master's-level majors only if satisfying the following requirements: these new proposed majors are tailored to learners' demands and workforce requirements to match the local, regional and nationwide socio-economic development needs; the proposed majors must be defined in the Fourth-level Classification of Education …Have a staff of at least five (5) tenured lecturers who hold the title of professor, associate professor, Doctor of Philosophy and doctorate degree in majors the same as or similar to the proposed majors and are not in the list of tenured lecturers that serves as the eligibility requirement for opening of master’s-level sub-majors belonging to other majors…; These master's-level training institutions must provide facilities, instruments, libraries and teaching materials that meet training requirements of proposed majors at the master’s level.

CHANGING CONDITIONS ON DOCTORAL ENROLMENT AND TRAINING
 

This is one of the important content prescribed at the Regulations on Doctoral Enrolment and Training issued on April 04, 2017 at the Circular No. 08/2017/TT-BGDDT.

In particular, from May 18, 2017, in order to be eligible for enrolling in doctoral degree programs, a doctoral student must meet the following requirements: hold at least an undergraduate degree with the excellent grade or a master's degree; be an author of 01 peer-reviewed journal article, paper or presentation relating to an intended research field which is published on the academic journal, or proceedings of seminar or specialized workshops 03 years (36 months) till the date of submission of application for enrolment.  If the doctoral student is a Vietnamese national, (s)he must hold one of the language qualifications or certificates as a proof of his/her foreign language competence, including undergraduate degree or master’s degree issued by an overseas institution to full-time learners in a visiting country where they have to use English or another language during their learning period;

PREFERENTIAL POLICIES APPLICABLE TO INDIVIDUALS ENGAGING
IN EMERGENCY EVENTS AND SAR
 

In accordance with the Decree No. 33/2017/ND-CP dated April 03, 2017 of the Government on penalties for administrative violations against regulations on water and mineral resources; the fines for discharging wastewater into water bodies without licenses are between VND 20 – 250 million.

In particular, a fine ranging from VND 20,000,000 to VND 30,000,000 shall be imposed for discharge of wastewater containing toxic chemicals and/or radioactive substances into water bodies with a discharged wastewater volume of less than 5 m3/24 hours. A fine ranging from VND 30,000,000 to VND 40,000,000 shall be imposed for any of the violations such as discharge of wastewater into water bodies with a discharged wastewater volume of between 5 m3/24 hours and 50 m3/24 hours; discharge of aquaculture wastewater into water bodies with a discharged wastewater volume of between 10,000 m3/24 hours and 30,000 m3/24 hours; a fine ranging from VND 220,000,000 to VND 250,000,000 shall be imposed for discharging of aquaculture wastewater into water bodies with a discharged wastewater volume of 200,000 m3/24 hours or more…