Vietnam welcomes some new policies in March

March 02, 2022 | 09:47
New rules on real estate business, registration fees for battery-driven electric cars, and the management of product traceability are among the new policies of the government to take effect from March.
Vietnam welcomes some new policies in March
Vietnam is always working on policies to attract foreign investment

Decree No.02/2022/ND-CP dated January 6 is guiding the implementation of some regulations in the Law on Property Trading.

The regulation includes conditions for businesses and individual property traders; types of contract models for real estate businesses; transfer of house rental and buying contracts; and others.

Also from March 1, the registration fees for battery-driven electric cars are to be zero per cent within the next three years following Decree No.10/2022/ND-CP issued on January 15.

In the following two years, for the first time of payment of the registration fee, the rate will be 50 per cent of that applied for petrol-fueled cars with the same number of seats.

Meanwhile, starting from March 15, Decree No.13/2022/ND-CP dated January 21 will amend some regulations in previous decrees guiding the Law on Product and Goods Quality and the Law on Measurement.

Accordingly, Decree 13 adds the regulation on the management of product traceability. The Ministry of Science and Technology will take responsibility for this issue.

By Bich Thuy

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional