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New Adoption. New Law on Investment (#61/2020/QH14) was passed by the National Assembly of Vietnam on 17 June 2020, which will become effective on 01 January 2021 ("Law 2020") and shall replace the current Law on Investment ("Law 2014"). Hereunder is our summary of the remarkable issues in Law 2020. Application of Laws
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September 30, 2020. Vietnam new Investment Law 2020 - summary of remarkable issues. By bizconsult Law Firm. Bizconsult.vn . New Adoption. New Law on Investment (#61/2020/QH14) was passed by the National Assembly of Vietnam on 17 June 2020, which will become effective on 01 January 2021 ("Law 2020") and shall replace the current Law on Investment ("Law 2014").
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MEMR Regulation 26/2018 on the Implementation of Good Mining Principles and the Supervision of Coal and Mineral Mining. Of these regulations, several that were issued in 2018 are particularly...
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A new state constitution was approved in April 1992, reaffirming the central role of the Communist Party of Vietnam (CPV) in politics and society, and outlining government reorganization and increased economic freedom.
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Vietnam is among five countries in the world to suffer the most from climate change. According to the Central Steering Committee on Fighting and Preventing Calamities, the spell of cold weather which lasted from January 22 to January 28, 2016 in the north killed nearly 9,500 cattle and damaged 9,453 hectares of rice fields.
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This legislation replaced the Environmental Protection Regulation 2008, Environmental Protection (Air) Policy 2008, Environmental Protection (Noise) Policy 2008, and Environmental Protection (Water) Policy 2009, which expired on 1 September 2019. The new legislation does not contain any significant policy changes from the expired legislation.
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under article 48 and 59 of the mineral law, any organisation or individual permitted to conduct exploration and mining activities may surrender a part of the licensed area or the licence for mineral activities provided that they have: (a) fulfilled all their obligations up until the time of their application to surrender the licence, and (b) .
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To combat deforestation, the government of Vietnam has begun programs to replant trees. The forests are home to animals such as wild oxen, bears, tigers, leopards, monkeys, and gibbons. Such animals as deer, wild pigs, otters, porcupines, and squirrels are common. Reptiles include crocodiles, lizards, pythons, and cobras.
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More than 600 hectares of riverside and coastal land is lost every year in the delta due to erosion, according to Le Anh Tuan, associate professor at the Research Institute for Climate Change (DRAGON Institute-Mekong) of Can Tho University. He warned of "irreversible damage" if sand mining in the area is not restricted. Paying a heavy price
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A new group of critically endangered primates has been spotted in Vietnam, raising hopes the rare creatures may not be wiped out in the next decade as scientists had feared. The Delacour's langur, black and white with a full face of whiskers, is indigenous to Vietnam, but their numbers have dwindled in recent years because of poaching and mining activity in the country's northern forests.
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It is a commodity that is free of charge, apart from legal and licensing regulations, and mining has been common in Vietnam, Cambodia, and Laos for more than 20 years.
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It's also a boon for companies selling cryptocurrency mining rigs - specialized mining equipment - in Vietnam, where regulation around the new financial asset is still ongoing. The country, which is one of the hubs for crypto mining in the world, sees cryptocurrency mining return "with vengeance" after the rally, according to Quang ...
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One of the major differences of our study from Pham et al. (2018) is that we include an important revision of the information disclosure regulation in the Vietnam stock market, which was published in 2015, whereby the disclosed information must be available in both English and Vietnamese.
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cryptocurrency is legal throughout most of the european union (eu), although exchange governance depends on individual member states. 34 meanwhile, taxation also varies by country within the eu,...
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from 5% to 7% and for gold from 6 to 9%) and a new environmental protection fee are also included in the recent changes to the fiscal regime. When considered together, these changes have transformed Vietnam into one of the most heavily taxed mineral jurisdictions in the world. Most of these changes were introduced last year,
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Mining licenses 8.5 Article 57. Labor safety and sanitation in mining activities 8.6 Article 58. Revocation or invalidation of mining licenses 8.7 Article 59. Dossiers of application for, extension or return of mining licenses, return of part of the mining area, or transfer of the mining right 8.8 Article 60.
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Calls for traditional owners to be granted veto power against mining activity included in the new bill have also been ruled out. Jamie Lowe, a Gundjitmara Djabwurrung man and chief executive of the National Native Title Council, said First Nations people needed to be in control of their heritage.
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The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Nearly 8000 [.]
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The new regulation aims to intensify and regulate the management of foreign direct investment in Vietnam, and particularly the Vietnamese government's ambition is to improve the quality and encourage projects to apply state-of-the-art and environmentally-friendly technologies. ... according to recent research by the Vietnam Chamber of ...
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The Ministry of Industry and Trade (MoIT) has worked with the Ministries of Finance and Justice and the State Bank of Vietnam (SBV) to propose suspending imports of cryptocurrency mining machines ...
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The Noise Control Act of 1972 establishes a national policy to promote an environment for all Americans free from noise that jeopardizes their health and welfare. The Act also serves to. establish a means for effective coordination of Federal research and activities in noise control. authorize the establishment of Federal noise emission ...
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New Regulations On Medical Device Management In Vietnam. On November 8, 2021, the Vietnamese government issued Decree No. 98/2021/ND-CP on the Management of Medical Devices ("Decree 98"). The new decree will take effect from January 1, 2022, replacing Decree No. 36/2016/ND-CP and its amendments on the same subject ("Decree 36").
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Feb 7, 2022The 2020 Environmental Protection Law, which came into effect on 1 January 2022, introduced the EPR concept which specifies the responsibilities of producers and importers with regard to the recycling and treatment of discarded products and packages. On 10 January, the Government issued Decree 08/2022/ND-CP to guide the implementation of various provisions of the Law and provide regulations on ...
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Ride Hailing in Vietnam Legally Becomes Transportation. In a decree issued on 17 January 2020 and effective as of 1 April 2020, the Government created a new category that now includes both taxis and ride hailing services. Now, the "business of transportation by automobile" is defined as.
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The new regulation aims to intensify and regulate the management of foreign direct investment in Vietnam, and particularly the Vietnamese government's ambition is to improve the quality and encourage projects to apply state-of-the-art and environmentally-friendly technologies.
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Notably, the tax system in Vietnam has been undergoing changes and investors may find difficulties in understanding Vietnam's tax regulations. The leaflet is aimed to provide some highlights on Vietnam's investment environment to prospective investors and answer some of the important questions that might arise when they start doing business ...
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Vietnam's government is encouraging mining companies to find other ways of getting sand: grinding it from sandstone for construction, or processing sea sand to make it suitable for landfill, Mr...
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On 20 November 2019, the National Assembly of Vietnam adopted the Labor Code No. 45/2019/QH14 (" New Labor Code ") after an amendment process lasting nearly four years. The New Labor Code will take effect from 1 January 2021. The New Labor Code revises and supplements several provisions across all chapters of the current Labor Code.
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In the 1760s, Le-Trinh regime adopted new policies to stimulate the development of the mining industry. It allowed local authorities and officials using their private capital to run one or two mines. The mine owners could select labors from both local and abroad.
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A coal mining field in Quang Ninh province The mining industry's growth rate in 2017 reduced 7.1 percent over 2016, decreasing 0.54 percentage points of the common growth rate. That is the sharpest fall since 2011 because crude oil output dropped over 1.6 million tons over the previous year. Coal output was down 180,000 tons to 38 million tons.
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The New PPP Regulations do not expressly cover certain other projects of interest to potential investors in Vietnam, such as those relating to upstream oil and gas, mining, petrol refineries and plants, steel mills and aluminium refineries.
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The 20 years from 1999 to 2019 is examined in this study, both with and without sand mining activities. The results show that the numerical model can simulate the bed change for the period from 1999 to 2019. By adding the sand mining component (2002-2006), the bed change in the river is modeled closely after the actual development.
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They are expected to experience dry season "water stress" before 2030. 7 The SERC basin, which includes a group of rivers in a comparatively dry part of the country in Khanh Hoa, Ninh Thuan and Binh Thuan provinces are currently under serious water stress and it is predicted that by 2030, it will only meet 28% of dry season water demand. 8
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Vietnam also has specific laws that apply to investment in conditional sectors such as banking, securities, insurance, mining, telecommunications, real estate, and ports and aviation. Investments in conditional sectors, and other projects deemed sensitive, are subject to extensive, additional review, sometimes requiring the Prime Minister's ...
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March 5, 2021. Indonesia's New Investment List opens a number of sectors to foreign investment from 4 March 2021. The number of sectors subject to foreign ownership restriction on its face appears to have been significantly reduced. However, given the complexity of the relevant regulations in the context of the broader law reforms introduced ...
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For offshore and onshore wind projects which reach COD between 1 November 2018 and 1 November 2021, the tariff has been increased to VND 2,223 (equivalent to 9.8 US cents) per kWh) and VND 1,928 (equivalent to 8.5 US cents) per kWh, respectively. Although the revised tariffs are an improvement over the previous tariffs, they are still low ...
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Economic freedom has generally expanded over the same five years. Led by a significant increase in its fiscal health score, Vietnam has recorded an impressive 8.2-point overall gain of economic...
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Decision No. 22 will take effect on 19 August 2021 and will replace the Prime Minister's Decision No. 58/2016/QD-TTg dated 28 December 2016 (" Decision No. 58 "). Key takeaways The state will hold 100% ownership in SOEs engaging in 13 sectors that primarily focus on national defense and security.
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Drone footage collected in Vietnam captures numerous blue sand mining ships collecting sand from the Mekong River. Credit: Southern Institute of Water Resources Research We need sand—and not ...
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the ministry of natural resources and environment of vietnam (" monre ") has recently released a new draft law on environmental protection (" draft law ") to replace the current 2014 law on environmental protection (" current law "). 1 the draft law proposes, among other things, significant changes to current policies on climate change adaptation .
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