10 Laws come into effect from July 1, 2015

Accordingly, foreign organizations are allowed to own houses in Vietnam; they do not have to state their business lines in their business registration certificates...

From July 1, 2015, 10 Laws will come into effect, including: Housing Law; Real Estate Business Law; Enterprise Law; Law on Management and Use of State Capital Invested in Production and Business at Enterprises; Investment Law; Law on Amending and Supplementing a Number of Articles of the Law on Civil Judgment Enforcement; Law on Vocational Education; Law on People's Public Security; Law on Amending and Supplementing a Number of Articles of the Law on Officers of the Vietnam People's Army; Law on Amending and Supplementing a Number of Articles of the Law on Civil Aviation of Vietnam.

10 groups of people with housing difficulties are entitled to housing support policies. Illustrative photo: Construction Newspaper.

Expanding the scope of foreign organizations to own houses in Vietnam

The 2014 Housing Law has expanded the scope of foreign organizations that are allowed to own houses in Vietnam. Specifically, in addition to foreign enterprises investing in housing construction projects in Vietnam, the Law also adds organizations that are allowed to own houses in Vietnam, including foreign-invested enterprises; branches and representative offices of foreign enterprises; foreign investment funds and branches of foreign banks operating in Vietnam.

Real estate business enterprises must have legal capital of no less than 20 billion VND.

According to the Law on Real Estate Business, a real estate business enterprise must have a legal capital of no less than VND 20 billion (previously regulated as VND 6 billion). Real estate businesses that are operating but do not meet the conditions prescribed by this Law must supplement all conditions within 1 year from the effective date of the Law.

In addition, the Law has also added many regulations on future real estate business activities such as investors must be guaranteed by a qualified commercial bank before selling.

No need to record business lines in the business registration certificate

The Enterprise Law has fully institutionalized the freedom of business according to the 2013 Constitution; reduced risks, increased proactiveness and responsiveness in business activities of enterprises; facilitated the process of market entry; and reduced time and costs in business establishment procedures.

Some notable changes in the Law are that enterprises do not have to state their business lines in their business registration certificates; enterprises have the right to decide on their seals; only enterprises in which the State holds 100% of the charter capital are considered state-owned enterprises, instead of 51% as at present...

The State is only allowed to invest capital to establish State-owned enterprises in 4 fields.

The mechanisms and regulations of the Law on Management and Use of State Capital Invested in Production and Business at Enterprises all aim at the goal of innovation, improving the efficiency of investment, management and use of State capital as well as improving the efficiency of production and business activities of enterprises.

The Law stipulates that the State is only allowed to invest capital to establish State-owned enterprises in four areas, namely enterprises providing essential public products and services to society; enterprises operating in areas directly serving national defense and security; enterprises operating in the field of natural monopoly; enterprises applying high technology, making large investments, creating rapid development momentum for other industries, fields and the economy.

267 conditional investment and business sectors

The Investment Law has for the first time clearly defined a list of 6 prohibited investment and business sectors and 267 conditional investment and business sectors. In addition to these sectors, enterprises are completely free to choose their business sectors.

Enhancing the responsibility of the parties in the process of organizing the enforcement of civil judgments

The Law amending and supplementing a number of articles of the Law on Civil Judgment Enforcement specifically stipulates the rights and obligations of the person subject to enforcement, the person subject to enforcement, and the person with related rights and obligations in the direction of enhancing the initiative and raising the responsibility of the parties in the process of organizing the enforcement of judgments.

Perfecting the legal system on vocational education

The Law on Vocational Education, effective from July 1, 2015, amends and supplements a number of articles of the Law on Vocational Training in the direction of expanding the scope, adjusting to the subjects of vocational secondary schools, colleges, general technical centers - career guidance, perfecting the legal system on vocational education in the spirit of fundamental and comprehensive innovation in education.

Accordingly, the training levels of vocational education include: Primary, intermediate and college. Vocational education institutions include: Vocational education centers, intermediate schools and colleges. Colleges are separated from university education, becoming a vocational education institution.

Law on People's Public Security

The 2014 Law on People's Public Security consists of 7 chapters and 45 articles, compared to the 2005 Law on People's Public Security, the number of chapters remains unchanged, and there is an increase of 02 articles. The Law stipulates the functions, tasks and powers of the People's Public Security; the organization of the People's Public Security; regulations on the classification of officers, non-commissioned officers and soldiers of the People's Public Security; the system of ranks and subjects, conditions and time limits for consideration of conferring and promoting ranks of officers, non-commissioned officers and soldiers of the People's Public Security; conditions for conferring and promoting ranks ahead of schedule and conferring and promoting ranks beyond schedule; supplementing the authority of the President over conferring and promoting ranks ahead of schedule and conferring and promoting ranks beyond schedule for generals... The Law stipulates that the Commune Public Security belongs to the structure of the People's Public Security force, and stipulates cases where officers, non-commissioned officers and soldiers of the People's Public Security are sacrificed or pass away while working.

Law on Officers of the Vietnam People's Army

The Law amending and supplementing a number of articles of the Law on Officers of the Vietnam People's Army amends 5 articles of the current Law, adds 1 article, technically amends 1 article, focusing on the main issues of officer positions; highest rank and military rank for officer positions; military rank promotion for officers in active service; decision-making authority for officers; salary and housing for officers in active service.

The amended and supplemented law stipulates that the highest military rank is general for some officer positions, and specifically stipulates the number of deputies with the military rank of general.

For platoon-level officers, the highest military rank of the Company Commander and Company Political Commissar is Major; Platoon Leader is Captain to suit actual conditions in peacetime...

Overcoming delays and cancellations in civil aviation

The Law amending and supplementing a number of articles of the Law on Civil Aviation of Vietnam has added regulations on the obligations of air transport businesses in maintaining minimum conditions and quality of transport services; adding the responsibility of the carrier in case of prolonged flight delays without prior notice./.

According to VOV