Amending regulations on maximum value of goods and services used for promotion
Decree No. 128/2024/ND-CP dated October 10, 2024 of the Government, effective from December 1, 2024, amends a number of provisions related to the maximum limit on the value of goods and services used for promotion (Article 6) in Decree 81/2018/ND-CP. Accordingly, the maximum limit on the value of goods and services used for promotion is prescribed as follows:
The material value used for promotion for a unit of promoted goods or services must not exceed 50% of the selling price immediately before the promotion period of that unit of promoted goods or services, except for promotions in the forms prescribed in Clauses 8 and 9, Article 92 of the 2005 Commercial Law, Article 8, Clause 2, Article 9, Article 12, Article 13, Article 14 of Decree 81/2018/ND-CP.
The total value of goods and services used for promotion in a promotion program must not exceed 50% of the total value of the goods and services being promoted, except for promotions in the form prescribed in Clauses 8 and 9, Article 92 of the 2005 Commercial Law, Article 8 and Clause 2, Article 9 of Decree 81/2018/ND-CP.
In cases of organizing a concentrated promotional program, the maximum limit on the value of goods and services used for promotion is 100%.
The maximum limit on the value of goods and services used for 100% promotion is also applied to promotional activities within the framework of trade promotion programs and activities decided by the Prime Minister.
New regulations on foreign investment in oil and gas activities
The Government issued Decree 132/2024/ND-CP dated October 15, 2024 regulating foreign investment in oil and gas activities.
The Decree clearly stipulates foreign investment capital in petroleum activities. Accordingly, foreign investment capital in petroleum activities includes money and other legal assets of investors, including equity capital, loans in Vietnam transferred abroad, recovery costs, profits and distributions from foreign petroleum projects retained for overseas investment.
Foreign investment capital is used to contribute capital, pay for shares, purchase capital contributions, fulfill arising guarantee obligations (if any) and other financial obligations of the investor in accordance with the laws of the country receiving the investment, petroleum contracts, licenses and other relevant agreements to carry out petroleum activities and petroleum projects abroad from the project's formation to the project's completion and to fulfill all obligations as prescribed.
The Decree takes effect from December 5, 2024.
Aircraft were intercepted when they violated Vietnam's airspace.
Effective from December 9, 2024, Decree No. 139/2024/ND-CP dated October 24, 2024 stipulates the procedures for intercepting, accompanying, and forcing aircraft violating Vietnam's airspace to land at airports.
The Decree clearly states that aircraft are intercepted when they violate Vietnam's airspace.
Aircraft are escorted when there is a violation of flight permission.
Aircraft are forced to land at airports if they fall into one of the following two cases: Aircraft flying in Vietnam's airspace are illegally interfered with; Aircraft violating Vietnam's airspace are intercepted or accompanied by aircraft but do not comply with the actions of the Vietnam People's Army aircraft that are intercepting or accompanying.
