Legal Document Updates in English (18/2016)

REPAYMENT OF SHORT-TERM FOREIGN LOANS GRANTED BY DEFERRAL
OF PAYMENT FOR IMPORTED GOODS
 

On April 15, 2016, the State Bank of Vietnam issued the Circular No. 05/2016/TT-NHNN dated April 15, 2016 of the State Bank of Vietnam on amending and supplement a number Articles of the Circular No. 03/2016/TT-NHNN by the Governor of the State Bank on guidelines for certain details of the management of foreign exchange with regard to enterprises’ foreign borrowings and repayment.

Within that, the important content is that when transferring repayments on the principal and interest of a foreign loan granted by deferral of payment for imported goods, a borrower shall be responsible for presenting documents and papers as requested by the bank providing account services. Repayment of short-term foreign loans granted by deferral of payment for imported goods.

Besides, the date of disbursement of foreign loan granted by deferral of payment for imported goods shall be the ninetieth day from the date that transport documents are

PRIORITY FIELDS FOR ODA AND CONCESSIONAL LOAN USE
 

On March 16, 2016, the Government issued the Decree No. 16/2016/ND-CP on management and use of official development assistance (ODA) and concessional loans of foreign donors.

Another important contents in this Decree are regulations on priority fields for ODA and concessional loan use such as support for implementation of socio-economic infrastructure projects; support for research and formulation of socio-economic development policies and strengthening of state management institutions; support for human resources development; scientific research and technology development; support for environmental protection, climate change response and green growth; use as investment funds of the State for the implementation of projects in the form of public-private partnership (PPP) and other priority fields as decided by the Prime Minister.

DEVELOPMENT OF VIETNAM’S EXPRESSWAY NETWORK
 

On March 01, 2016, the Prime Minister signed the Decision No. 326/QD-TTg approving the master plan on development of Vietnam’s expressway network through 2020, with orientations toward 2030; to rapidly form the national expressway network, ensuring linkage between key economic centers, major border gates and important traffic hubs with great demand for high-speed transport. To focus on the building of the North-South expressway with priority given to routes linked to big cities (Hanoi, Ho Chi Minh City and Da Nang city) and routes to big seaports.

Accordingly, based on transport demand forecasts, national socio-economic development orientations through 2030, economic development orientations of 4 key economic regions, and the strategy for transport development through 2020, with orientations toward 2030, the master plan sets up Vietnam’s expressway network consisting of 21 routes with a total length of 6,411 km, the North-South expressway consist of 2 routes with a total length of around 3,083 km, including the eastern North-South route of a total length of

05 FIELDS PROVIDED DECENTRALIZATION OF STATE MANAGEMENT
IN THE PERIOD 2016 – 2020
 

On March 21, 2016, the Government issued the Resolution No. 21/NQ-CP on decentralization of state management between the Government and People’s Committees of provinces and centrally run cities, with the objectives to raise effectiveness and efficiency of state management of sectors and fields on the basis of reasonable and clear decentralization of tasks, powers and responsibilities among the Government, the Prime Minister, ministries, ministerial-level agencies and People’s Committees of provinces and centrally run cities, ensuring the unified management of the Government and promoting the initiative, responsibility and creativity of local administrations.

This Resolution prescribes the fields of focused decentralization of state management in the 2016-2020 period, including state budget management; exercise of rights and performance of obligations of the state owner

TO SUPPLEMENT THE CASE FOR PROVIDING THE MEASURES OF CUSTODY
OF VIOLATORS TO ADMINISTRATIVE PROCEDURES
 

On March 17, 2016, the Government issued the Decree No. 17/2016/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 112/2013/ND-CP of October 2, 2013, providing the sanction of expulsion and the measures of custody and escorted transfer of violators according to administrative procedures, and management of foreign violators of Vietnam’s law pending the completion of expulsion procedures.

Within that, the most important contents is for providing the measures of custody of violators to administrative procedures. Accordingly, from May 02, 2016, custody of a person according to administrative procedures may only be applied when it is necessary to prevent and stop the acts