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News & Events
Legal documents issued from January 18 thru 24

From January 18 thru 24, four legal documents were issued, including:

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National action program on sustainable production and consumption approved

In order to gradually improve the production and consumption model toward more effective use of renewable natural resources and energies and environment-friendly products, the Prime Minister on January 11 approved the national action program on sustainable production and consumption through 2020, with a vision toward 2030 under Decision No. 76/QD-TTg.

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Anti-human trafficking program for 2016-2020 released

The Prime Minister recently issued Decision No. 2546/QD-TTg, approving the Program on prevention and control of human trafficking during 2016-2020, with the overall goals of reducing human trafficking risk and crime, and effectively receiving, protecting and providing aid to human trafficking victims.

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Number of foreign broadcasting channels to be limited soon

The number of foreign channels included in a pay radio or television service package will not account for more than 30 percent of the total number of channels.

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Legal documents issued from January 11 thru 17

From January 11 thru 17, six legal documents were issued, including:

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National program on occupational safety and health through 2020 approved

With a view to annually reducing by 5 percent fatal labor accidents in the next five years, the Prime Minister on January 5 approved the National Program on occupational safety and health (OSH) for 2016-2020 period.

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Legal documents issued from January 4 thru 10

From January 4 thru 10, seven legal documents were issued, including:

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New guidance on offshore indirect investment

From February 16, six types of institutions, including securities companies, fund management companies; securities investment funds (through fund management companies), securities investment companies; insurance businesses; commercial banks; general financial companies; and the State Capital Investment Corporation, will be licensed to deal in offshore indirect investment.

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Conditions for foreign parties to join in founding Vietnam-based non-bank credit institutions

In order to become a founder of a non-bank credit institution operating as a single-member limited liability company, a foreign credit institution must have total assets of over USD 10 billion at the end of the year preceding the year of license application.

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Ten laws come into force from January 1, 2016

1. The Law on Social Insurance
Under this Law, male employees who are paying social insurance premiums and whose wives give birth to children are entitled to a maternity leave of 5 working days; or 7 working days in case of caesarean section  or where their wives give birth  before the 32nd week of pregnancy; or 10 working days in case their wives give birth to twins, an addition of 3 working days for each infant from the second; or 14 working days in case their wives give birth to twins or more infants by caesarean section.

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