Decree 05 clarifies labour relations
(Mar 25, 2015)
On January 12, 2015, the government of Viet Nam issued Decree No
05/2015/ND-CP (Decree 05), providing for the rights and obligations of
employers and employees.
New regulations have been formulated for the transfer
of real-estate projects under a new "Law on Real-Estate Business,"
which will take effect from July 1.
Foreign investors can constitute their
commercial presence in Viet Nam in the form of business co-operation
contracts, foreign-invested enterprises and branches or representative
offices following current regulations.
nearly two years of drafting and stakeholder consultation, the
Vietnamese government has promulgated a unified legislation (Decree No
15/2015/ND-CP) that governs private-public-partnership (PPP) investment
projects (PPP Decree).
On January 12, 2015, the government promulgated Decree No 05/2015/ND-CP,
detailing the rules of labour discipline, which came into effect from
March 1, 2015.
The Ministry of Finance (MoF) issued Circular No
01/2015/TT-BTC ( January 5, 2015) guiding procedures for unlisted
public companies and delisted public companies to register to trade
securities on the Stock Exchange.
Foreign employees can reside in Viet Nam either temporarily or permanently, depending on certain conditions.
Government Decree 05/2015/ND-CP was issued on January 12, 2015, guiding implementation of a number of issues in the Labour Code.
The Law on Investment 2014 (coming into effect on July 1st, 2015) shall
contain significant changes, in comparison with existing provisions,
specifically in investment forms, new regulations on Investment
Registration Certificate, and projects entitled for investment
Customs and storage agencies will be allowed to give preference to
qualified businesses in a move to encourage the businesses, according to
a newly-issued Government decree.
The State Bank of Viet Nam (SBV) recently issued Circular No.
43/2014/TT-NHNN (December 25, 2014) on lending in foreign currency by
credit institutions and foreign bank branches to residents.