Legal Document Updates in English (36/2017)

SCHEME FOR TRAINING AND RE-TRAINING OF HUMAN RESOURCES
OF SCIENCE AND TECHNOLOGY
 

At the Circular No. 88/2017/TT-BTC, the Ministry of Finance guiding financial mechanism to implement the Scheme for training and re-training of human resources of science and technology in the country and foreign countries by the state budget at the Decision No. 2395/QD-TTg dated December 25, 2015.

Accordingly, learners that are selected for postdoctoral re-training in the country having the maximum supported amount is 200 million dong/re-training course.  In the case of long term training, re-training (over 6 months) in foreign countries, learners shall be supported with expenses for training, re-training , implementing the task of doing the research and other expenditures related to the training and re-training courses (if any); expenses for passports, visa; subsistence fees; compulsory health insurance; round-trip flight tickets (Economy class); trip fee.

Expenses for doing research shall be applied for forms of training, retraining specialists, research group and long  

SHALL HAVE REGULATIONS ON MANAGEMENT OF VIRTUAL ASSETS, DIGITAL CURRENCIES
AND VIRTUAL CURRENCIES
 

In order to effectively restrict, prevent and control related risks and abuses; elaborate regulations on property rights on virtual assets, digital currencies and virtual currencies, on August 21, 2017, the Prime Minister approves the Scheme of completion of the legal framework on management of virtual assets, digital currencies and virtual currencies at the Decision No. 1255/QD-TTg.

This Scheme points out clear that, within August, 2018, the State Bank of Vietnam shall review, research and propose amendments and new legislative documents on digital currencies; within December, 2018, the Ministry of Justice shall research and prepare proposal to amend laws and

TOBACCO BUSINESS IS THE BUSINESS NEEDS CONDITIONS
 

At the Decree No. 106/2017/ND-CP on amending, supplementing a number of articles of the Decree No. 67/2013/ND-CP dated June 27, 2013 of the Government detailing some articles and implementation measures of the Law on Prevention of Tobacco Harm on tobacco business, the Government prescribes tobacco business is the business that needs to meet conditions.

Tobacco retailers may buy tobacco from tobacco distributors or tobacco wholesalers and sell them at licensed locations

CONDITIONS FOR INVESTING IN SOLAR POWER PROJECTS
 

On September 12, 2017, the Ministry of Industry and Trade issued the Circular No. 16/2017/TT-BCT on project development and model power purchase agreements applied to solar power projects.

On grid-connected PV power projects, the investor shall only invest in the solar power project included in any of the following approved planning: provincial or national solar power development planning; or provincial or national power development planning. The content of the solar power project shall comply with regulations on investment management of construction works and include influence of the plan for connecting solar power plan with the local power system;  availability of devices connecting to the supervisory control and data acquisition (SCADA) system or moderate information to update moderation controllers on forecasts of hourly electricity generation; the owner’s

4 METHODS FOR REGISTRATION OF SECURITY INTERESTS
 

On September 01, 2017, the Government issued the Decree No. 102/2017/ND-CP on registration of security interests, takes effect on October 15, 2017.

This Decree points out clearly that the security interests are subject to registration such as mortgage of land use rights; mortgage of property on land whose ownership has been stated in the certificate of rights to use land, ownership of land and property on land (hereinafter referred to as land use right certificate); pledge or mortgage of aircrafts; and mortgage of seagoing ships.

Besides, there are three security interests are subject to registration upon requests such as mortgage of