The Government on October 15 issued Decree 143/2018/ND-CP, detailing the Law on Social Insurance and the Law on Labor Safety and Hygiene with respect to social insurance for foreign employees working in Viet Nam (“Decree 143”).

The National Assembly on June 12 passed the Law on Competition No. 23/2018/QH14 (“Law on Competition 2018”) superseding Law on Competition No. 27/2004/QH11 (“Law on Competition 2004”), incorporating important changes to fulfill the actual requirements on managing competition and ensuring benefits of the enterprises engaged in the market.

The Government issued Decree No. 108/2018/ND-CP amending and supplementing a number of articles of Decree No. 78/2015/ND-CP, dated September 14, 2015 of the Government on enterprise registration (Decree 78).

A range of new regulations shall come into effect in November.

The Ministry of Planning and Investment has published a draft decree on the investment and operation of golf courses.

The National Assembly on June 12 adopted Law on Competition No. 23/2018/QH14 (“Law on Competition 2018”) superseding Law on Competition No. 27/2004/QH11 (“Law on Competition 2004”), incorporating important changes to fulfill the actual requirements on managing competition and ensuring benefits of the enterprises engaged in the market.

The Government has officially issued a decree stipulating the details of compulsory social insurance for foreign employees in Việt Nam, which will take effect on December 1 this year.

The Government on June 6 enacted Decree No. 86/2018/NĐ-CP (“Decree 86”) regulating foreign cooperation and investment in education to supersede Decree No. 73/2012/NDCP amended and supplemented by Decree No. 124/2014/NĐ-CP (collectively referred to as “Decree 73”).

The Government enacted Resolution No. 19/2018/NQ-CP (“Resolution 19”) maintaining implementation of the main tasks and solutions for improving the business environment and the national competitiveness in 2018 and the following years.

Vietnam will maintain its policy of encouraging foreign investment and continue to improve its investment environment to facilitate investors, said Prime Minister Nguyen Xuan Phuc.

The State Bank of Viet Nam is carefully studying international models of peer-to-peer lending (P2P) to develop a legal framework to effectively manage the country’s nascent fintech business, according to SBV deputy governor Nguyen Kim Anh.

Organisations and individuals using e-commerce websites will not be required to notify or register with the Ministry of Industry and Trade (MoIT) from October 18.

The Minister of Industry and Trade on April 3 issued Circular 05/2018/TT-BCT on goods origin ("Circular 05").

E-invoicing will be compulsory for all enterprises from November 1st 2020 following Decree 119/2018/ND-CP approved by the Government on September 12.

The Government on May 15 issued Decree No. 69/2018/NĐ-CP detailing a number of articles of the Law on Foreign Trade Management ("Decree 69") to guide the implementation of the Law on Foreign Trade Management.

A series of policies on business registration, rice export business, management of foreign exchange for border trade activities between Viet Nam and China come into force in October.

The new competition law will create a legal framework to better manage economic concentration, experts say.

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities has been causing controversy.

Asia has strong fundamentals for long-term growth despite trade tensions, dollar strengthening and demographic challenges casting a shadow on the outlook for strong global growth.