New policies take effect in January (Part 2)

License for importing used vessels for breaking

A decree regulating businesses and conditions to obtain a license for importing used vessels for breaking takes effect from January 15, 2015.

It determines that businesses entitled have registered the work in their business registration certificates, have divisions specializing in import deal, maritime laws and regulations, labor safety and environment protection, and have minimum legal capital of at least VND50 billion.

Regulations for high-speed boats in use

A new decree on waterway traffic safety that goes into effect from January 1, 2015 requires that all high-speed passenger vessels operate on inland waterways no more than 20 years.

The decree will also mandate that tourism boats which contain restaurants or overnight accommodations must be used within 35 years.

For all other passenger boats, the operational limit is 30 years for metal, fiber and concrete boats and 25 years for wooden boats.

Visa exemption for citizens in seven nations

The Government has issued a Resolution on visa exemption in a definite period for citizens from the Russian Federation, Japan, the Republic of Korea, Denmark, Norway, Sweden and Finland.

The policy, valid within five years from January 1, 2015 till December 31, 2019, may be considered for extension based on Viet Nam’s regulations.

Tightening e-commerce

Circular No. 47/2014/TT-BCT stipulating the management of e-commerce websites comes into effect from January 20, 2015. 

Traders, organizations, individuals are not allowed to use e-commerce websites to trade the commodities subject to trade restrictions as follow: shotgun and bullets of shotgun, sporting weapons, supporting tools; rare wild plants and animals, including both alive creatures and their parts which were processed; cigarettes, cigars and other finished tobacco products; kinds of alcohol; other commodities restricted to trading as regulated by legislation.

 >>> New policies take effect in January

By Thuy Dung