Legal Document Updates in English (32/2020)

TO REDUCE 10% OF CHARGES FOR FOOD SAFETY AND HYGIENE WORK

On August 12, 2020, the Ministry of Finance promulgates the Circular No. 75/2020/TT-BTC on amending and supplementing a number of articles of the Circular No. 279/2016/TT-BTC dated November 14, 2016 of the Minister of Finance on prescribing the rates and collection, remittance, management and use of charges for food safety and hygiene work.

Accordingly, from August 12, 2020 to the end of December 31, 2020, appraisal charges for sale license, certificates, conditions of practicing, trading, etc. in the field of food safety shall be reduced 10% in comparison with the charge rates as prescribed in the Tariff of charges for food safety and hygiene work attached to the Circular No. 279/2016/TT-BTC.

From January 01, 2021, the above charge rates shall be applied according to the regulations in the Tariff of charges

TO REDUCE 10 - 30% OF ROAD USER CHARGES TO THE END OF 2020

The Ministry of Finance issues the Circular No. 74/2020/TT-BTC on August 10, 2020 on prescribing the road user charge and the remittance thereof.

In accordance with this Circular, from August 10, 2020 until the end of December 31, 2020, cars used in transport business of transport business enterprises, cooperatives and households subject to road user charges specified in Article 2 of the Circular No. 293/2016/TT-BTC shall be subject to charges as follows:

Firstly, for passenger transport cars (cars for carrying people, buses for mass transit of all kinds): The charge rate to be remitted shall be equal to 70% of the charge rate specified at

TO REDUCE 15% OF LAND RENTAL IN 2020 FOR MANY ENTERPRISES

On August 10, 2020, the Prime Minister issues the Decision No. 22/2020/QD-TTg on the reduction of land rental by 2020 for those affected by the Covid-19 epidemic under the Government’s Resolution No. 84/NQ-CP dated May 29, 2020.

Accordingly, to reduce 15% of land rental to be paid in 2020 for enterprises, organizations, households and individuals that are directly leased land by the State according to decisions or contracts of competent State agency in the form of annual rental payment, who have to suspend production and business activities for 15 days or more due to the effect of Covid-19 epidemic.

In addition, the land lessee who has many different production and business activities but only suspends one production and business activity in the land parcel

THE INTEREST RATE ON CONCESSIONAL LOANS
FOR PURCHASING SOCIAL HOUSES IN 2020 IS 4.8%/YEAR

On August 13, 2020, the Prime Minister promulgates the Decision No. 1232/QD-TTg on the interest rates on concessional loans provided by the Vietnam Bank for Social Policies according to the Government’s Decree No. 100/2015/ND-CP dated October 20, 2015 on social housing development and management.

Specifically, the interest rate on concessional loans provided by the Vietnam Bank for Social Policies applied for loans with

FROM AUGUST 06, INTEREST RATE FOR REQUIRED RESERVES DEPOSITS
IN VIETNAM DONG IS 0.5%/YEAR

On August 06, 2020, the State Bank of Vietnam issues the Decision No. 1349/QD-NHNN on interest rate for required reserves deposits and deposits in excess of required reserves of credit institutions, foreign bank branches at the State Bank of Vietnam.

Specifically, the interest rates applicable to required reserves deposits and deposits in excess of required reserves of credit institutions, foreign bank branches at the State Bank of Vietnam are prescribed as follows:

AN E-ORDER SLIP MUST HAVE
ORDER-PLACING DEVICE IDENTIFICATION INFORMATION

The Ministry of Finance issues the Circular No. 73/2020/TT-BTC on amending, supplementing a number of articles of the Circular No. 134/2017/TT-BTC dated December 19, 2017 of the Minister of Finance, on guiding e-transactions in the securities market on August 07, 2020.

Accordingly, to add the following term: Trading time means the time when investors log in to the online securities trading system to perform online securities trading orders.

In addition, upon placing an order via telephone, an investor must use the telephone number for order placement and provide information for identification instead of providing at

TO SUSPEND THE EFFECT OF THE CIRCULAR NO. 15/2019/TT-BKHCN

On August 10, 2020, the Ministry of Science and Technology issues the Circular No. 03/2020/TT-BKHCN on suspension of effect of the Circular No. 15/2019/TT-BKHCN dated November 15, 2019 of the Minister of Science and Technology on promulgating “the National technical regulation on stainless steel”.

Accordingly, to suspend the effect of the Circular No. 15/2019/TT-BKHCN dated November 15, 2019 of the

GUIDANCE ON EXIT POSTPONEMENT

The Ministry of Public Security issues the Circular No. 79/2020/TT-BCA on guiding exit postponement and entry suspension on July 14, 2020.

Specifically, the Immigration Department shall update information to its management program and notify such to the immigration control office and related agencies within 24 hours after receiving a decision on extension, cancellation or lifting of exit postponement; or lifting of entry suspension. For requests for the Minister of Public Security to issue decisions on exit postponement, within 02 working days, the Director General of the Immigration Department shall report such