After more than 9 years of implementation, the provisions of the Law on Bidding 2013 have revealed many limitations and shortcomings when implemented in practice, and are no longer suitable for the current socio-economic situation. Therefore, to improve the regulations on bidding, on June 23, 2023, the National Assembly passed the Law on Bidding 2023, replacing the Law on Bidding 2013 and taking effect on January 1, 2024.
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Some notes on fee collection and payment in secured transaction registration
In order to meet the practical situation’s needs and ensure compliance with new legal regulations on secured transactions and other related regulations, the Ministry of Finance has issued Circular 61/2023/TT-BTC providing regulations on the fees, the regimes of collection, payment, management, and use of fees in the field of secured transaction registration (Circular 61). Accordingly, Circular 61 will take effect from November 15, 2023 and amend and supplement several contents related to the application scope and fees applied.
Read moreNew regulations of the Law on Protection of Consumer Rights (amended)
On April 26, 2023, the National Assembly promulgated the Law on Protection of Consumers Rights 2023 (LPCR 2023) replacing LPCR 2010. LPCR 2023 has addressed the limitations and shortcomings of the LPCR 2010 while also amending and supplementing numerous new provisions to enhance the quality of consumer rights protection in various transactions. LPCR 2023 has come into effect since July 01, 2024.
Read moreOutstanding points of Decree 65/2023/ND-CP on procedures for establishment of industrial property rights
On August 23, 2023, the Government promulgated Decree 65/2023/ND-CP providing details for several provisions and measures for implementation of the Law on Intellectual Property on industrial property, protection of industrial property rights, rights to plant varieties, and state management of intellectual property. This Decree takes effect from the date of signing.
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.
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