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New regulations effective July
Duy AnH
BIDV Review introduces a number of regulations related to purchasing shares upon equitisation of State-owned enterprises, residence and environmental protection fee for wastewater which take effect this July.
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Circular 32/2021/TT-BTC issued by the Ministry of Finance guiding the initial public offering and the management and use of proceeds from the equitisation of state-owned enterprises takes effect on 1 July 2021.
Accordingly, the subjects eligible to purchase shares upon equitisation of SOEs include: Domestic investors, foreign investors as prescribed in Clauses 1, 2, Article 6 of the Government’s Decree 126/2017/ ND-CP and Clause 3, Article 1 of the Government’s Decree 140/2020/ ND-CP being organizations and individuals, including employees and managers in the equitized enterprises; Strategic investors who are domestic and foreign investors fully satisfying the conditions specified at Point a, Clause 3, Article 6 of Decree 126/2017; Subjects specified in Article 42 of Decree 126/2017, and Clause 21, Article 1 of Decree 140/2020; Trade unions at equitized enterprises as prescribed at Point b, Clause 2, Article 33 of Decree 126/2017.
RESIDENCE MANAGEMENT IMPLEMENTED DIGITALLY
On 13 November 2020, the National Assembly passed the Law on Residence with the following new points: From 1 July 2021, the issued household registration book and temporary residence book will be still valid until 31 December 2022. Population management agencies only update and adjust citizen information in the database on residence, do not re-issue or renew household registration books and temporary residence books. The management of citizens’ residence will be implemented digitally through the National Database of Population, Residence and Personal Identification Numbers. Each citizen has only one permanent residence and no more than one temporary residence.
On 5 May 2020, the Government issued Decree No. 53/2020/ND-CP on environmental protection fee for wastewater. Organizations, households and individuals that discharge industrial or domestic wastewater are eligible for environmental protection fee under this decree.
Under this decree, the following 7 cases are exempted from environmental protection fee: Wastewater from hydroelectric power plants; Discharge of seawater for salt production; Organizations, households, and individuals working and living in areas without a water system; Cooling water that is not in contact with pollutants and has a dedicated discharge pipe; Storm water; Wastewater from fishing activities by fishermen; Wastewater from centralized urban wastewater treatment systems that meet the environmental technical standards specified in the Governmental Decree No. 80/2014/ND-CP.
