New policies take effect in November

The Government issued Decree No. 75/2015/ND-CP dated September 9 which covers mechanisms and policies to encourage forest protection and cultivation and improve incomes of ethnic minorities from this year to 2020.

Under the Decree, ethnic minority households will receive VND 400,000 annually per hectare of forest assigned to them for protection. Each household will receive such support for 30 hectares of assigned forests at most.

Meanwhile, those involved in forestation will receive a support of up to VND 1.6 million per hectare per year in the first three years and VND 600,000 for the subsequent three years.

Detailed implementation of the Law on Real Estate Business

Decree No. 76/2015/ND-CP dated October 9, 2015 guides detailed implementation of the Law on Real Estate Business.

The Decree stipulates conditions for organizations and individuals to conduct real estate business, contract samples, and transfer of contracts.

Annual and medium term investment

Decree No. 77/2015/ND-CP dated October 9, 2015 on annual and medium-term public investment plan regulates the formulation, verification, approval and implementation of annual and medium-term public investment plans at national, ministerial and local levels.

Business registration

The Government issued Decree No. 78/2015/ND-CP dated September 14, 2015 on business registration in order to detail the implementation of some articles of the 2014 Law on Enterprises.

The Decree was designed to reform business registration work to facilitate the participation, operation and withdrawal of enterprises from the market.

Information publication of State owned enterprises

Under Decree No. 81/2015/ND-CP dated September 18, 2015, State owned enterprises are required to make public information regarding their development strategies, five-year production plans, financial statements, salary and bonus regimes among others.

Disclosure of information may be in forms of written documents and electronic data.

Visa exemption for Vietnamese expatriates

Under Decree No. 82/2015/ND-CP dated September 24, 2015, Vietnamese expatriates, their spouses and children shall be exempted from visa.

They are required to have passports or international travel papers that are valid for at least one year, submit identification papers to authorized agencies abroad and not subject to cases of entry and exit suspension regulated at Articles 21 and 28 of the Law on entry, exit and residence of foreigners in Viet Nam.

Investment supervision and evaluation

The Government issued Decree No. 84/2015/ND-CP dated September 30, 2015 on investment supervision and evaluation.

The Decree covers regulations on subjects and procedures for investment supervision and evaluation.

Duty-free goods on international flights

Since November 1, 2015, airline passengers would be able to purchase duty-free goods on international flights to Viet Nam, according to the Prime Minister’s Decision No. 39/2015/QD-TTg.

By Huong Giang