New policies take effect this month

Update: 13:00 | 02/02/2019

Policies relating to smuggled tobacco, bank cards, child care and teachers’ probationary periods are set to take effect this month.

The finance ministry’s Circular 122/2018/TT-BTC on the management and use of funds raised through auctions of smuggled tobacco products takes effect on February 1.

Since the middle of last year, following a decision by the Prime Minister, Vietnam has auctioned quality smuggled foreign cigarettes for re-export on a trial basis. The revenue from these auctions is used for anti-smuggling efforts including funding cigarette quality tests and the storage and transportation of seized goods.

New policies, take effect, smuggled tobacco, bank cards, child care and teachers, safe and friendly conditions, global standard

Illustrative image.

The revenue will also be spent to reward people who report cigarette smuggling to authorities. The award is a maximum of 100 million VND (4,300 USD) in cases where the smuggled cigarettes are worth less than 5 billion VND (216,000 VND) and no more than 200 million VND (8,600 USD) when the goods are valued at more than 5 billion VND.

A Ministry of Education and Training circular, which takes effect on February 8, regulates a longer probation period for fresh high school teachers. Newly trained teachers at high schools will have a probation period of 12 months instead of nine.

Meanwhile, probation periods for teachers at pre-schools, primary schools, colleges and universities remain unchanged as regulated in the ministry’s March 2016 circular on the matter.

A circular by the Ministry of Labour, Invalids and Social Affairs – Circular 36/2018/TT-BLDTBXH – instructs policymakers to consult children on any programme, policy or plan relating to children in order to create safe and friendly conditions for young people to contribute their opinions on changes that will impact their lives.

According to Circular 41/2018/TT-NHNN by the State Bank of Vietnam (SBV), Vietnam will gradually replace bank cards that use magnetic strips with chip cards. The circular takes effect on February 18.

The SBV plans to have at least 30 percent of active cards in the country meet domestic chip standards by the end of 2020. The number will rise to 60 percent by the end of 2021 and all cards by the end of 2022.

To meet the plan, the SBV required banks, card-issuing institutions and point of sale (POS) terminal suppliers to have all their automatic teller machines (ATMs) and POSs accept chip cards by the end of 2020.

The SBV estimates Vietnam currently has some 70 million bank cards with magnetic strips, which can be easily hacked due to weak security features.

International card-issuing organizations have asked Vietnamese banks to switch to chip cards that meet EMV standards to increase safety amidst a growing number of card information thefts. EVM stands for Europay, MasterCard and Visa after the companies created the global standard. Cards that meet the standard have embedded microprocessor chips that store and protect data.

According to banks, issuing a chip card can cost some 1.50-2.50 USD. The country’s banks will have to spend between 105 million USD and 175 million USD for the transition, not to mention the additional costs of upgrading their ATMs and core banking systems to adapt to the change.


Vietnam welcomes RoK’s new visa policy
Vietnam welcomes the Republic of Korea (RoK)’s adoption of new visa regulations for Vietnamese citizens, which will help promote the people-to-people exchange between the two countries, spokesperson for the Vietnam Ministry of Foreign Affairs Le Thi Thu Hang has said.
Vietnam, UK hold firstdefence policy dialogue
Vietnamese Deputy Minister of National Defence Nguyen Chi Vinh and Earl Howe - Minister of State for Defence of the UK co-chaired the first Vietnam-UK Defence Policy Dialogue in London on November 28.
New visa policy to help boost Vietnam-RoK cooperation: Deputy PM
Deputy Prime Minister Trinh Dinh Dung highly appreciated the Republic of Korea’s new visa policy for Vietnamese citizens during a reception for the RoK Ambassador to Vietnam Kim Do-hyon in Hanoi on November 28. 
"Doctors and friends" club provides free health examination and medicine to older persons and policy beneficiaries in Hiep Hoa
(BGO) - The "Doctors and friends" club under UNESCO center for culture and sports development (Vietnam Union of UNESCO Associations) on October 21 held a humanitarian medical checkup in Thanh Van commune, Hiep Hoa district (Bac Giang province).
Vietnam extends e-visa policy for foreign tourists until 2021
A policy extension will allow citizens of 46 countries to enter Vietnam for 30 days with e-visa until 2021.

Source: VNS/VNA

Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: