Central bank plans to pilot fintech regulatory sandbox

The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021.

Enterprise arrangement and development support fund to be abolished

The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund in an effort to improve the efficiency in using this revenue.

MoF proposes tax exemption The Ministry of Finance recently has added non-woven fabrics, which are used to produce protective clothing, into the list of import tax exemption.

Central bank delays foreign ownership cap in payment services industry

The State Bank of Việt Nam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.

Ministry eases land issues to boost SOEs’ equitisation

As issues related to land use rights still hinder State-owned enterprises from executing equitisation on time, the finance ministry has built a draft to amend the current decree regulating land issues.

Ministry tightens corporate bond issuances to prevent risks Tightening regulations was a way to fill in legislative loopholes in the bond market, not for the purpose of squeezing it

Finance Ministry proposes 5-month extension of VAT and land rent payment for businesses

The Ministry of Finance has submitted to the Government a five-month extension of value-added tax (VAT), personal income tax and land rent fee payments for those affected by the COVID-19 epidemic.

Decree aims to punish law-breaking public employees Nguyễn Tư Long, deputy director of the Department of Civil Servants-Public Employees, under the Ministry of Home Affairs, speaks to the newspaper Sài Gòn Giải Phóng (Liberated Sài Gòn) on sanctioning Government officer or public employees who break the law

Việt Nam to improve public asset verification PhD Đinh Văn Minh, director of the Legal Department from the Government Inspectorate, talks to the Hà Nội Mới (New Hà Nội) newspaper on the Government’s plan to develop a decree on asset and income declaration of Government officials

EVFTA brings chances and challenges to local agricultural production The new trade agreement between Việt Nam and the European Union opens many doors for agriculture, according to experts.