On July 08, 2014, the Government issued the Resolution No. 47/NQ-CP on the Government’s Regular Meeting – June 2014, approved that till December 31, penalties for administrative violations will be suspended for the cases violations against regulations on the axle weight without exceeding the gross weight that is defined in the certificate of examination on technical safety and environment protection.
Violations against regulations that a vehicle commits by exceeding the designed weight defined in the Certificate of vehicle registration or the Certificate of examination on technical safety and environment protection achieving the rate of below 10%.
In terms of the restructuring of state-owned enterprises, the Government must request Ministries, regulatory bodies, People’s Committee of central-affiliated cities and provinces, economic incorporations and state-owned general companies to concentrate on the restructuring of state-owned enterprises, intensify the inspection, supervision and acceleration to direct the restructuring, equitization and state-owned capital withdrawal in the right itinerary.
As for any enterprise who has established their Steering committee of equitization, they must quickly reevaluate their corporate value; as for those who have already defined their value, they must quickly submit the equitization plan to competent authorities for approval; as for those who are eligible for the initial public offering, this must adhere to legal regulations;
As for those who are ineligible for the initial public offering, they will be transformed into joint-stock company with shares held by trade unions, employees and strategic shareholders (if any) or other voluntary shareholders. Proactively deal with any difficulty in the course of the implementation in a timely manner.
Also at the meeting, the Government shall agree on adjusting the requirements that foreign employees listed below must satisfy to work in Vietnam.
Foreign experts and technical employees who have proved their proper qualification of profession and training or achieved minimum 5 years’ experience in the job position that they intend to apply for to work in Vietnam; those who have graduated from a university, equivalent or higher education levels as well as majored in an academic discipline that suits the teaching requirements at training institutions, foreign language centers and preschool education establishments.
