Daily Legal News

2010/03/26

New guidelines on management and use of seal

On February 05, 2010, the Minister of the Ministry of Police issued Circular No.07/2010/TT-BCA providing detailed regulations on management and use of seal. Accordingly the time limit for processing a request for making a seal is 4 working days (instead of 2 working days as before) from the receipt of full and sufficient documents. This is considered a step back to the administration reform efforts. [+]

2010/03/25

Conversion of state owned enterprises into one member limited liability company

On 19 March 2010, the Government of Vietnam issued the Decree No. 25/2010/ND-CP on conversion of state owned enterprises into one member limited liability company ("SLLC") and the organization and management of SLLC owned by the State. Decree 25 has a number of noteworthy provisions as follows:

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2010/03/19

Financial Management Regulation regarding Stock Exchange, Securities Depository

Financial Management Regulation regarding Ho Chi Minh Stock Exchange, Hanoi Stock Exchange and Vietnam Securities Depository (hereinafter referred as "Stock Exchange and Securities Depository") has been stipulated in the newly born Circular No. 29/2010/TT-BTC of Ministry of Finance (MOF) on March 04. Under this Circular, Stock Exchange and Securities Depository are State owned legal entities under the form of single member limited company. The MOF shall act as the owner's representative.
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