The Ministry of Public Security (MPS) has recently unveiled a draft revised Law on Citizen Identification, which is scheduled to replace the 2014 Law on Citizen Identification, adding regulations on management and issuance of citizen’s identity cards (ID cards), inclusion of more information in ID cards, and development of electronic identification (e-ID).

Investment projects on commercial operation of technical infrastructure in craft village industrial clusters would be entitled to land rental exemption for the entire rental period, instead of just 15 years as at present.

The Central Bank has proposed some amendments to Circular 44 of 2011, aiming to set up internal control systems at non-bank credit institutions (NBCIs) according to international practices, specifically, the Basel Accords.

All steps of an online auction from making auction announcement and selling auction documents and receiving bidders’ dossiers to holding auction and announcing the winning bid would be carried out in the cyber environment.

Authoritarian attitudes and behaviors as well as all acts of causing difficulties and harassment, giving or receiving money or gifts in any form to/from organizations and individuals that request settlement of consular affairs, would be prohibited.

The MOF has tabled to the Government a draft decree with three measures designed to provide in detail the management and use of public non-residential land and houses.

The Ministry of Finance (MOF) has recently submitted to the Government a draft decree to amend Decree 65 on private placement of corporate bonds in the domestic market and bond offering in the international market.

Individuals and households would be permitted to build their own houses under urban development investment projects provided that they comply with the land and real estate business laws.

The Government would decide on the foreign holding cap in credit institutions that acquire poorly performing banks under restructuring plans at the request of competent authorities which, however, would not exceed 49 percent of charter capital of the acquiring credit institutions.

The Ministry of Industry and Trade (MOIT) has recently released a draft circular providing the principles of identifying “made in Vietnam” goods, which would be applied exclusively to goods sold in the domestic market.