This is a highlight in Circular 24/2022/TT-BLDTBXH issued on 30 November 2022, stipulating the compensation in kind for employees working in hazardous or toxic working conditions. Accordingly, the level of compensation in kind is calculated on a daily basis and has the monetary value as follows: – Level 1: 13,000 VND (3,000 VND increased); –...
On 30 December 2022, the SBV Governor issued Circular 23/2022/TT-NHNN amending and supplementing certain articles of legislative documents to create the hierarchy handling administrative procedures in foreign exchange management. Accordingly, the authorization for foreign currency operations is as follows: – The SBV Governor has the authority to approve, to approve the extension of foreign exchange...
On 26 December 2022, the SBV Governor promulgated Circular 18/2022/TT-NHNN amending Circular 09/2015/TT-NHNN on debt purchase and sale by credit institutions and foreign bank branches. Accordingly, cases where credit institutions are not required to satisfy the requirement for a non-performing loan ratio below 3% are supplemented as follows: – Credit institutions under special control purchasing qualified debts...