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.
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.