Recently, the National Assembly issued Law No. 03/2022/QH15 to amend and supplement several articles of the Law on Public Investment, the Law on Investment in the form of public-private partnership, the Law on Investment, the Law on Housing, and the Law on Bidding, Electricity Law, the Law on Enterprises, Special Consumption Tax Law, and Civil Judgment Enforcement Law. Some notable contents are as follows:
- Amendments and supplements to the Law on Investment:
- Amendments and supplements to the cases of projects must be approved by the Prime Minister, the provincial People’s Committee in Articles 31 and 32 of the Law on Investment.
- Adding the “Trading in network security products and services (excluding trading in cyber information security products and services and trading in civil cryptographic products and services)” to the List of conditional business lines.
- Amending and supplementing Article 23.1 of the Law on Housing, which stipulates “Forms of land use to execute commercial housing construction investment projects” as follows:
- Having the right to use residential land or other non-residential lands that meet the conditions for permitting the change of land use purpose to implement an investment project which is consistent with the plan on land use approved by the authorities according to the regulations.
For further information, please contact:
Minh Ngo Nhat, Managing Partner, BLawyers
minh.ngo@blawyersvn.com
