New policies taking effect from September 2024. |
From September 1st, 2024, new regulations on the number of deputy positions in agencies and units will be applied.
On July 10th, 2024, the Government issued Decree No. 83/2024/ND-CP, amending a series of provisions on the number of deputies of agencies and units. Decree No. 83/2024/ND-CP took effect on September 1st, 2024.
Regarding the number of deputies of the heads of departments, bureaus, inspectorates, and offices under the General Departments under the Ministries, Decree No. 83/2024/ND-CP amends Points a and b, Clause 5, Article 22 of Decree No. 123/2016/ND-CP, which was amended and supplemented at Clause 12, Article 1 of Decree No. 101/2020/ND-CP, as follows:
a) Departments under the General Departments with a staff size of 15 to 20 civil servants, bureaus (excluding bureaus located in localities), inspectorates, and offices under the General Departments with less than 04 organizations shall be allocated a maximum of 02 deputies;
b) Departments under the General Departments with a staff size of more than 20 civil servants; bureaus (excluding bureaus located in localities), inspectorates, and offices under the General Departments with 04 or more organizations, the Minister or head of the ministerial-level agency shall decide on the number of deputies for each unit, ensuring an average of no more than 03 people per unit.
Regulations on the conversion of state-owned enterprises into limited liability companies
The Government issued Decree No. 89/2024/ND-CP on July 16th, 2024, on the conversion of state-owned enterprises established and operating under the Enterprise Law into single-member limited liability companies organized and operating under the Law on Enterprises.
The Decree stipulates that the state capital representative agency shall decide to convert a state-owned enterprise that it decides to establish or is assigned to manage into a single-member limited liability company wholly owned by the State.
The single-member limited liability company inherits all the legitimate rights and interests of the unconverted state-owned enterprise or subsidiary; is entitled to use all the assets, labor, and land area managed by the converted enterprise to organize production and business activities in accordance with the law.
The single-member limited liability company is responsible for the obligations of the unconverted state-owned enterprise or subsidiary, including: unpaid debts, labor contracts, obligations in the management and use of land in accordance with the law on land, and other obligations and responsibilities.
This Decree takes effect on September 1st, 2024.
Amendments to regulations on the freezing and handling of funds and assets related to terrorism
Taking effect from September 1st, 2024, Decree No. 93/2024/ND-CP dated July 19th, 2024, amends and supplements a number of articles of Decree No. 122/2013/ND-CP on the temporary suspension of circulation, freezing, sealing, temporary seizure, and handling of funds and assets related to terrorism and terrorist financing; establishing a list of organizations and individuals related to terrorism and terrorist financing.
Amendments to regulations on the exercise of rights and responsibilities of the state capital representative
On July 25th, 2024, the Government issued Decree No. 97/2024/ND-CP amending and supplementing a number of articles of Decree No. 10/2019/ND-CP dated January 30th, 2019, on the exercise of rights and responsibilities of the state capital representative.
Decree No. 97/2024/ND-CP, taking effect on September 10th, 2024, stipulates that the state capital representative agency shall exercise the rights and responsibilities of the state capital representative in accordance with the Law on Management and Use of State Capital Invested in Production and Business at Enterprises and relevant laws for the following cases:
1- Enterprises established by the state capital representative agency;
2- Enterprises managed by the state capital representative agency or directly assigned to be the state capital representative, including enterprises established by the Prime Minister before the effective date of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises, which are not named in Appendix I attached to this Decree;
3- State capital in joint-stock companies, limited liability companies with two members or more.
From September 20th, livestock farms will be supported up to VND 1 billion for waste treatment
The Government issued Decree 106/2024/ND-CP on August 1st, 2024, detailing policies to support and encourage improvements in livestock efficiency, including support for artificial insemination for buffaloes, cows, and pigs; support for the purchase of male breeding buffaloes, cows, goats, sheep, pigs, and deer; support for the purchase of chicken, duck, and goose breeding parents, and encouragement of livestock waste treatment.
According to this Decree, organizations and individuals are supported up to 50% of the value of the product for livestock waste treatment to encourage the application of waste treatment. The maximum support level is as follows: VND 5 million/establishment (farm household); VND 50 million/establishment (small and medium-sized farm); VND 100 million/establishment (large-scale farm).
At the same time, support up to 50% of the value of the biogas engineering project to encourage the treatment of livestock waste. The maximum support level is as follows: VND 7 million/project (farm household); VND 300 million/project (small and medium-sized farm); VND 1 billion/project (large-scale farm).
The above Decree takes effect on September 20th, 2024.
50% reduction in registration fees for domestically produced and assembled cars
The Government issued Decree No. 109/2024/ND-CP on August 29th, 2024, stipulating the registration fee rates for cars, trailers or semi-trailers pulled by cars, and similar vehicles produced and assembled domestically.
Accordingly, from September 1st, 2024, to November 30th, 2024: The registration fee rate is 50% of the rate prescribed in Decree No. 10/2022/ND-CP dated January 15th, 2022, of the Government stipulating registration fees, and current resolutions of the People’s Councils or decisions of the People’s Committees of provinces and centrally-run cities on registration fee rates in localities and documents amending, supplementing, and replacing them (if any).
From December 1st, 2024: The registration fee rate continues to be implemented according to the provisions of Decree No. 10/2022/ND-CP; current resolutions of the People’s Councils or decisions of the People’s Committees of provinces and centrally-run cities on registration fee rates in localities and documents amending, supplementing, and replacing them (if any).
Credit policy for clean water supply and rural sanitation
The Prime Minister has issued Decision No. 10/2024/QD-TTg dated July 15th, 2024, on credit for clean water supply and rural sanitation. This Decision stipulates the credit policy for clean water supply and rural sanitation to implement the National Strategy for Rural Water Supply and Sanitation to 2030, with a vision to 2045, according to Decision No. 1978/QD-TTg dated November 24th, 2021, of the Prime Minister to lend for investment in the construction of new, upgraded, and renovated works of two types: Household-scale water supply works; household-scale sanitation works. The above Decision takes effect on September 2nd, 2024.
New regulations on salary scales, salary tables, and allowances for employees in state-owned enterprises
Circular No. 06/2024/TT-BLDTBXH, issued on July 30th, 2024, and taking effect on September 15th, 2024, amends and supplements Circular No. 26/2016/TT-BLDTBXH guiding the implementation of labor management, salaries, and bonuses for employees in single-member limited liability companies with 100% state-owned capital.
Circular No. 06/2024/TT-BLDTBXH supplements Article 9a on salary scales, salary tables, and allowances for employees in single-member limited liability companies with 100% state-owned capital (state-owned enterprises) as follows:
– Based on the production and labor organization, the company shall review and decide to continue maintaining or amending, supplementing, or building and promulgating new salary scales, salary tables, and allowances (accompanied by applicable standards), ensuring the provisions of Clause 2, Article 9a of Circular No. 26/2016/TT- BLDTBXH (amended and supplemented by Circular No. 06/2024/TT-BLDTBXH) as a basis for salary arrangement, payment, and implementation of regimes for employees in accordance with the law.
– The salary levels in the salary scales, salary tables, and allowances decided by the company shall ensure that the planned salary fund, calculated on the basis of the total salary of all employees according to the salary levels in the salary scales, salary tables, and allowances of the company, does not exceed the planned salary fund of employees according to the provisions of Circular No. 26/2016/TT- BLDTBXH (amended and supplemented by Circular No. 06/2024/TT-BLDTBXH).
– When amending, supplementing, or building and promulgating new salary scales, salary tables, and allowances, the company must consult the opinion of the representative organization of employees at the grassroots level, organize dialogues at the workplace in accordance with the Labor Code and guiding documents, report to the state capital representative agency for opinions, and publicize it in the company before implementation.
Guidance on the method of setting the average electricity selling price
The Ministry of Industry and Trade has issued Circular No. 09/2024/TT-BCT dated July 30th, 2024, regulating the calculation of the average electricity selling price. The Circular takes effect officially from September 14th, 2024.
Circular No. 09/2024/TT- BCT guides the Vietnam Electricity Group (EVN) to calculate the average electricity selling price according to the provisions of Article 4 of Decision No. 05/2024/QD-TTg dated March 26th, 2024, of the Prime Minister on the mechanism for adjusting the average retail electricity price.
The Circular guides in detail the method of setting the average electricity selling price annually and within the year, as well as the calculation formula to obtain the final electricity price.
Accordingly, the average electricity selling price annually and within the year is calculated based on the costs of the power generation stage, the cost of system auxiliary services, the cost of purchasing transmission services, distribution – retail electricity, power system operation, and electricity market management, and the cost of industry management and administration in the average electricity selling price annually/within the year.
Guidance on the management of the environmental restoration deposit in mineral exploitation
The Ministry of Finance has issued Circular No. 57/2024/TT-BTC dated August 1st, 2024, guiding the management and use of the environmental restoration deposit in mineral exploitation and waste burial activities at the Environmental Protection Fund. This Circular takes effect from September 14th, 2024.
According to the Circular, the depositor is an organization or individual engaged in mineral exploitation and waste burial activities in accordance with the Law on Environmental Protection and relevant guiding documents. The deposit-receiving party is the Environmental Protection Fund.
The deposit is an amount of money that the depositor sends to the deposit-receiving party to ensure the responsibility for implementing the items of environmental improvement and restoration works and handling risks and environmental pollution arising from mineral exploitation and waste burial activities in accordance with the law and this Circular.
The deposit-receiving party must deposit the entire deposit into a separate deposit account opened at a commercial bank. The deposit account is independent of the other accounts of the deposit-receiving party at the commercial bank and keeps a detailed record of the deposit and interest arising from the deposit of each project, organization, and individual depositor…
Amendments to regulations on the purchase and sale of foreign currencies between official foreign exchange reserves and the state budget
The State Bank of Vietnam (SBV) has issued Circular No. 43/2024/TT-NHNN dated August 9th, 2024, amending and supplementing a number of articles of Circular No. 01/2014/TT-NHNN dated December 10th, 2014, guiding the implementation of the management of official foreign exchange reserves. This Circular takes effect from September 23rd, 2024.
Circular No. 43/2024/TT-NHNN amends and supplements Article 9 of Circular No. 01/2014/TT-NHNN on the purchase and sale of foreign currencies between official foreign exchange reserves and the state budget as follows:
– Purchase of foreign currencies from the state budget:
Based on the annual foreign currency sales plan of the state budget and the written request for foreign currency sales of the Ministry of Finance and/or the directives of the Prime Minister, the State Foreign Reserve Management Department shall purchase foreign currencies to supplement the official foreign exchange reserves from the state budget at the prescribed exchange rate.
– Sale of foreign currencies to the state budget:
Based on the written request for foreign currency purchases of the Ministry of Finance to meet the foreign currency needs of the state budget, the State Foreign Reserve Management Department shall coordinate with the Monetary Policy Department to build a plan to balance the sale of foreign currencies to the state budget for submission to the Governor of the State Bank for approval and notify the Ministry of Finance.
Based on the approved foreign currency balance plan, the State Foreign Reserve Management Department shall sell foreign currencies to the state budget at the prescribed exchange rate.
The New Policy Effective September 2024
The new regulations on salary scales, salary structures, and allowances for employees in state-owned enterprises, along with the revised rules on foreign currency transactions between official foreign exchange reserves and the state budget, represent a significant shift in policies that will come into effect from September 2024.
Policies in force effective May 2024
An array of prominent policies related to economy, society, and more are set to take effect in May 2024…
