Legal Document Updates in English (26/2019)

IMPORT TAX EXEMPTION FOR PRODUCTS FROM 06 COUNTRIES MEMBER
OF CPTPP AGREEMENT
 

The Government promulgates the Decree No. 57/2019/ND-CP on preferential export tariff schedule and special preferential import tariff schedule under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in the 2019 – 2022 period on June 26, 2019.

Accordingly, imported products shall be imposed preferential export duty rates if they come from countries member of the CPTPP Agreement, includes: Australia; Canada; Japan; United Mexican States; New Zealand; Republic of Singapore.

To be specific, the following product shall be imposed a tax off 0%: Living animal (Code 01.01) includes thoroughbred stallions, donkeys, mules for breeding and others; Living cattle (Code 01.02) includes cattle, thoroughbred buffalo for

LOCALITIES ARE ALLOWED TO USE MORE THAN 50% OF FUNDS
TO SUPPORT RICE GROWERS
 

The Government issues the Decree No. 62/2019/ND-CP on amending and supplementing a number of articles of Decree No.35/2015/ND-CP dated April 13, 2015 of the Government on management and use of land for rice cultivation on July 11, 2019, which takes effect on September 01, 2019.

Accordingly, People's Committees at all levels shall use funds contributed by the persons who are allocated land or leased land by the Government transferring land use purposes from wet rice cultivation to non-agricultural purposes and funding sources prescribed in Clause 2 of Article 7 of this Decree to implement the protection and development of land for rice cultivation. Depending on specific conditions, the localities shall decide on activities as follows:

BY 2030, STRIVE TO COMPLETE THE DATABASES OF LAND IN URBAN AREAS
 

On June 14, 2019, the National Assembly promulgates the Resolution No. 82/2019/QH14 on continuing to improve effectiveness of the implementation of policies and law provisions on planning, management and use of land in urban areas.

Accordingly, the main tasks and solutions in the next time are to review and evaluate the implementation and submit to the National Assembly for amendments and supplements to the 2013 Law on Land and law provisions related to planning, management and use of land in urban areas.

BANKING INSPECTOR MUST HAVE AT LEAST 01 INSPECTION
 

On July 04, 2019, the State Bank of Vietnam issues the Circular No. 08/2019/TT-NHNN on amending and supplementing a number of Articles of the Circular No. 03/2015/TT-NHNN dated March 20, 2015 of the Governor of the State Bank of Vietnam guiding a number of Decree No. 26/2014/ND-CP dated April 07, 2014 of the Government on organization and activities of Banking Inspection and Supervisory.

Accordingly, banking inspectors must attend at least 02 investigations or at least 01 investigation (if the Head of investigation delegation) and evaluated to complete all

responsibilities and tasks by the head of investigation delegation (this standard is applicable to the main inspectors and inspectors.

Besides, the Circular also annuls regulations on the relationship between the Department of Banking Inspection and Supervisory with the State Bank of Vietnam in the region at the Circular No. 03/2015/TT-NHNN and amend some regulations such as: regime of information and report; inspection allocation for banking inspection and supervisory…

ENTERPRISE MUST BEAR ALL COSTS RELATED TO DEFECTIVE AUTOMOBILE RECALL
 

The Ministry of Transport issues the Circular No. 25/2019/TT-BGTVT on inspection of quality, technical safety and environmental protection in automobile assembly and production on July 5, 2019, which takes effect on August 25, 2019.

Accordingly, enterprises must recall defective products manufactured or assembled by themselves in cases products violate current regulations, standards and technical regulations mandatorily applicable to such products or products do not cause loss of life and property but can be dangerous in certain conditions during use. For defective products not subject to recall as mentioned above, the production establishment actively performs the correction of product errors.

03 COMMUNICATIONS AND INFORMATION TECHNOLOGY COMMODITIES
SUBJECT TO CERTIFICATION AND DECLARATION OF CONFORMITY
 

On July 09, 2019, the Ministry Of Information And Communications issues the Circular No. 05/2019/TT- BTTTT on prescribing the list of potentially unsafe products and goods under the management by the Ministry of Information and Communications.

Accordingly, this Circular promulgates the List of 03 communications and information technology commodities subject to certification and declaration of conformity:

- Radio telecommunications terminal equipment, includes: cordless telephone equipment (DECT subscription); land mobile communication terminal equipment…

BY 2020, TO ELIMINATE THE EXTREME POVERTY ALL OVER THE COUNTRY
 

On June 04, 2019, the Prime Minister issues the Decision No. 681/QD-TTg on promulgating the Roadmap for implementation of objectives for sustainable development of Vietnam forward 2030.

Accordingly, the Roadmap includes 17 objectives and specific schedule to implement them. Remarkable objective among them such as:

- By 2020, to eliminate the extreme poverty all over the country, using the poverty standard for under USD 1.25 purchasing power parity per day (price of 2005); by 2030, decrease at least a half of the poverty rate as national criteria of multidimensional poverty;