Legal Document Updates in English (42/2017)

ENTERPRISES ISSUING BONDS TO THE PUBLIC MUST UNDERGO CREDIT RATING

On August 14, 2017, the Prime Minister approved the bond market development roadmap during 2017-2020, with a vision toward 2030 at the Decision No. 1191/QD-TTg; within that the most important content is the regulations on enterprise bond’s development.

On the plan of creating favorable conditions for enterprises to raise funds through bond issuance and increase openness and transparency in the process of raising funds through bond issuance, this roadmap has plan to devise a mechanism to permit bond-issuing enterprises to issue bonds in different drives to raise funds according to project implementation schedule.

At the same time, to review the conditions on private placement of corporate bonds toward requiring information disclosure, permitting only professional investors to invest in privately issued corporate bonds and requiring these bonds to be registered and deposited in a centralized

TO SET UP STATIONS ON RECALL AND TREATMENT OF DISCARDED PRODUCTS

The Circular No. 34/2017/TT-BTNMT on recall and treatment of discarded products is issued by the Ministry of Natural Resources and Environment on October 04, 2017.

This Circular prescribes that producers must establish stationary recall station for gathering and storing discarded products from other recall stations and consumers; The Vietnam Environment Administration shall publish the list of recall stations satisfying environmental requirements on its website (www.vea.gov.vn)..

Discarded products shall be stored for a maximum of 06 months from the date of receipt at a stationary recall station. In case such discarded products must be stored for more than 06 months because a suitable waste treatment and recycling establishment is yet to be selected, types and quantity of the stored discarded products must be reported to the Department of Natural Resources and Environment of the province where a stationary recall station is located;

PROVISIONS OF PRACTICAL TRAINING IN THE FIELD OF HEALTHCARE SERVICE

The Decree No. 111/2017/ND-CP on the provisions of practical training in the field of healthcare service issued by the Government on October 05, 2017, takes effect on November 20, 2017.

Within that requirements of organization of practical training are one of the contents prescribed at this Decree. In particular, A practical training instructor specialized in healthcare services shall  have worked in medical examination or treatment for at least 36 months for postgraduate-level training, 24 months for university-level training and 12 months for college and intermediate-level training; Instruct no more than 05 learners at postgraduate-level, no more than 10 learners at university-level, no more than 15 learners at college and intermediate-level; and be trained the clinical teaching-learning method according to the regulations of the Minister of Health, unless the practical

REGULATIONS ON BASIC PACKAGE OF HEALTH SERVICES APPLIED
TO GRASSROOTS HEALTH FACILITIES

On October 18, 2017, the Ministry of Health issued the Circular No. 39/2017/TT-BYT on basic package of health services applied to grassroots health facilities, including “Basic package of health services covered by health insurance fund” comprises medical procedures; “Basic package of health services for initial health care, preventive and health improvement purposes” .

In particular, “Basic package of health services covered by health insurance fund” comprises medical procedures  including 76 medical procedures  such as Medical examination; Intradermal injection; Oxygen breathing technique.. and the list of drugs used by commune-level health facilities mentioned and is applied to medical stations of communes, wards, towns and equivalents, private GP or family clinics, military-civilian

TO ADJUST THE ADJUSTED MASTER PLAN ON DEVELOPMENT
OF VIETNAM’S COAL INDUSTRY

On August 24, 2017, the Prime Minister issued the Decision No. 1265/QD-TTg Approving the adjustments and supplements to the adjusted master plan on development of Vietnam’s coal industry through 2020, with prospects toward 2030 taken into consideration.

In accordance with the adjustment, to 2020, to build new coal screening and sorting plants: Vang Danh 2 with a capacity of around  2 million tons/year; Khe Than with a capacity of around 2.5 million tons/year; a centralized coal processing and warehouse center in Hon Gai region with a capacity of around 5 million tons/year (to build module 1 with a capacity of 2.5 million tons/year in Ha Khanh ward and maintain the South Cau Trang sorting plant until the end of 2018; after 2018 to relocate South Cau Trang plant