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AMENDED LAW ON BANKRUPTCY – THIRD DRAFT

The Draft Law is expected to be presented to the National Assembly for discussion during its 9th session in May 2025 and for approval at the 10th session in October 2025. Any bankruptcy case initiated under the 2014 Law on Bankruptcy that has not yet resulted in a bankruptcy decision issued by a competent court as of the effective date of the Draft Law will be governed by the new law.

03 Apr 2025

LATEST DRAFT INSURANCE BUSINESS LAW MORE IN LINE WITH PREVALENT VIETNAMESE LAWS
The law will also cover insurers, reinsurers and insurance brokers practising insurance auxiliary services and other activities directly related to the insurance business. Insurance services and products can be offered and promoted online. Finally, it simplifies some investment and establishment conditions.

01 Oct 2021

GOVERNMENT'S RESOLUTION 116 TO SUPPORT EMPLOYERS AND EMPLOYEES
In light of difficulties caused by the 4th wave of COVID-19 the government issued Resolution 116 with financial support packages for employees and employers. Certain conditions need to be met in order to qualify for this support.

29 Sep 2021

EVALUATION CRITERIA FOR SAFE BUSINESS OPERATIONS IN HO CHI MINH CITY
The authorities of HCMC have decided on criteria that will apply to businesses and people when the city will open up on 1 October. Companies are required to keep their staff safe. Offices and businesses need to meet certain requirements to be able to operate again.

29 Sep 2021

DRAFT DECREE INTRODUCING MORE REQUIREMENTS FOR MULTI-LEVEL MARKETING
To manage multi-level marketing better a decree is drafted to amend Decree 40. Requirements are introduced to limit fraud and close loopholes. Also, experience will be required prior to investing in Vietnam. Finally, transparency will be improved.

23 Sep 2021

HANOI’S NEW PREVENTION MEASURES TO RESUME BUSINESS OPERATION
Hanoi has issued a plan to reopen businesses while keeping its citizens safe. Specific activities will be allowed under certain conditions. Gatherings of groups larger than 10 or 20 are prohibited depending on where they meet. Business can allow 50% of the staff to work in the office and the rest needs to work from home. It applies as of 21 September.

21 Sep 2021

DRAFT DECREE IMPLEMENTING THE LAW ON ENVIRONMENTAL PROTECTION
The draft decree provides details on the environmental permits, it sets out environmental criteria for investment project classification and requires organisations or individuals to obtain a liability insurance in specific sectors and industries. Finally, incentives and supporting policies in environmental protection are included.

20 Sep 2021

PLAN TO RESUME BUSINESS OPERATIONS IN LONG AN PROVINE
Long An Province issued a plan to resume business operations. It contains information on the requirements for companies and employees for companies to resume operations. The authorities intend to have a 2 phase reopening, but the plan only contains details for the first phase from 16/9 to 15/10, not yet for 15/10 onwards.

19 Sep 2021

PLAN TO RESUME BUSINESS OPERATIONS IN INDUSTRIAL ZONES IN BINH DUONG
Binh Duong has issued a plan to resume business operations in the industrial zones. It sets out the obligations for companies and employees. The plan is split in 2 phases and distinguishes between companies that have stopped operations and those that have continued.

19 Sep 2021

HCMC’S COVID-19 PANDEMIC’S PREVENTION MEASURES FROM 16-30 SEPTEMBER 2021
The current COVID-19 situation in HCMC makes that the authorities remain cautious. Only in areas where the pandemic is under control a more relaxing regime will apply. Citizens can go out to shop for groceries once a week and more business activities are allowed. Other services such as inter-district deliveries, food delivery and postal services will be possible again too in the whole city.

18 Sep 2021

PROPOSED PLAN TO RESUME BUSINESS OPERATIONS IN HO CHI MINH CITY
The HCMC authorities have prepared a plan to reopen the economy in the city. It consists of 3 phases which will be rolled out depending on the developments. It includes support for businesses and criteria under which companies and citizens can resume a more normal life.

16 Sep 2021

NEW RESOLUTION ON SUPPORTING BUSINESSES DURING THE COVID-19 EPIDEMIC
In Resolution 105, the Government sets out a plan to get the economy back on its feet while keeping the public safe. It gives specific instructions to various ministries on production, the supply chain, work permits, vaccination passports, and financial support to companies.

13 Sep 2021

DRAFT DECREE TO AMEND SOCIAL MEDIA MANAGEMENT DECREE 72
The draft decree on social media management aims to protect children better. It provides a legal framework for live streaming and revenue-generating services provided on foreign and domestic social networks. Sometimes providers need to obtain a licence or confirmation.

13 Sep 2021

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