After 17 years of implementation, the provisions of the Law on E-Transactions 2005 have revealed certain shortcomings and limitations when implemented in practice, and are no longer suitable for economic and social development. In order to overcome such limitations and improve the regulations on e-transactions, the Law on E-Transactions 2023 was promulgated by the National Assembly on June 22, 2023, and will take effect from July 1, 2024.
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Notable new regulations on lending activities of credit institutions, foreign bank branches
On June 28, 2023, Circular 06/2023/TT-NHNN (Circular 06) was issued to amend and supplement several provisions of Circular 39/2016/TT-NHNN (Circular 39) which stipulates lending activities of credit institutions and foreign bank branches. After that, on August 23, 2023, the State Bank issued Circular 10/2023/TT-NHNN (Circular 10) suspending the implementation of some provisions in Circular 39. Circular 06 and Circular 10 both take effect from September 1, 2023.
Read moreNew regulations on appraisal fee of environmental impact assessment report
On June 8, 2023, the Ministry of Finance promulgated Circular 38/2023/TT-BTC on the collection rate, regime of collection, payment, management and use of the fees for appraisal of environmental impact assessment reports by central agencies to replace Circular 56/2018/TT-BTC. Circular 38 takes effect from August 1, 2023.
Read moreNew regulations on determination of origin of imports and exports
On May 31, 2023, Circular 33/2023/TT-BTC (Circular 33) on determining the origin of imports and exports was issued by the Ministry of Finance. This Circular comes into force from July 15, 2023, replacing Circular 38/2018/TT-BTC and other related Circulars.
Read moreNew regulations on conditions for foreign loans without government guarantee
On June 30, 2023, the State Bank of Viet Nam issued Circular 08/2023/TT-NHNN on conditions for foreign loans not guaranteed by the Government. Taking effect from August 15, 2023 (except for the regulations on short-term foreign loan rooms that will take effect from January 1, 2024), Circular 08/2023/TT-NHNN will replace Circular 12/2014/TT-NHNN guiding foreign exchange management for enterprise’s foreign loan borrowing and repayment.
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