New Decree on liability insurance in medical examination and treatment

On November 14, 2011 the Government promulgated Decree No. 102/2011/ND-CP on liability insurance in medical examination and treatment.

Penalties for administrative offences in currency and bank activities

The Government on October 20, 2011 issued Decree No. 95/2011/ND-CP amending, supplementing a number of articles of Decree No.202/ 2004/ ND-CP dated December 10, 2004 of the Government on administrative sanction in the monetary area and banking activity.

New stipulation on the required reserve ratio applicable to credit institutions with regard to foreign currency deposits of overseas credit institutions

On August 31, 2011, State Bank of Vietnam issued Decision  No. 1972/QD-NHNN on the required reserve ratio applicable to credit institutions with regard to foreign currency deposits of overseas credit institutions.

Equitization of 100% state-owned enterprises

On 18 July 2011, the Government issued Decree No. 59/2011/ND-CP on the transformation of 100% state-owned enterprises into joint stock companies .The purpose of transformation of state-owned enterprise into joint-stock company is to improve efficiency and competitiveness of the economy.

Increase the minimum wage for businesses

The Government issued Decree No. 70/2011/ND-CP dated August 22, 2011 stimulating region-based minimum wage levels for laborers working for companies, enterprises, cooperatives, cooperative groups, farms, households, individuals and agencies, organizations employing laborers.

New stipulation on the carrying of cash in foreign currency, Vietnamese dong by individuals upon entry into and exit from the country

The State Bank of Vietnam has just issued the Circular No: 15/2011/TT-NHNN dated August 12, 2011 providing for the carrying of cash in foreign currency, Vietnamese dong by individuals upon entry into and exit from the country.

Guidance for implementation of a number of articles of law on environmental protection tax

On August 08, 2011, Government issued decree No. 67/2011/ND-CP  detailing and guiding the implementation of a number of articles of law on environmental protection tax. The Decree provides for taxable subject, bases for tax calculation, tax declaration, tax calculation, tax payment and environmental protection tax refund.

Solutions of tax in order to unite difficulties for enterprises and individuals

The National Assembly has just issued Resolution No. 08/ 2011/ QH13 dated August 06, 2011 on issuing supplementing some of solutions of tax in order to unite difficulties for enterprises and individuals.

Guidance for the financial management mechanism applicable to ODA programs and projects

On July 20, 2011, the Ministry of Finance issued Circular No. 107/2011/TT-BTC amending sub-clause (c), clause 2, article 1 of the Circular No.40/ 2011/ TT-BTC dated March 22, 2011 of the Ministry of Finance amending and supplementing a number of articles of the Ministry of Finance’s Circular No.108/ 2007/ TT-BTC of September 7, 2007, guiding the financial management mechanism applicable to official development assistance (ODA) programs and projects.

Circular No. 74/2011/TT-BTC

On 1 June 2011, the Ministry of Finance issued Circular No. 74/2011/TT-BTC on securities trading guidelines permitting investors to open multiple accounts, do margin trading, buy and sell the same stock in a trading session.