10 New Laws Taking Effect From July 1, 2024

10 New Laws Taking Effect From July 1, 2024
The 2023 Law on Identity Cards; the 2024 Law on Credit Institutions; the 2023 Law on Forces Participating in Security and Order Protection at the Grassroots Level;… are 3 of the 10 New Laws that will take effect from July 1, 2024.

>> Notable new policies taking effect from early August 2024
>> Notable new policies taking effect from late July 2024
New ID cards replacing citizen ID cards
From July 1, 2024, the new ID card model will replace citizen ID cards (issued according to the 2014 Law on Citizen ID).

An ID card is a personal document containing the identity and other information integrated into the identity card of a Vietnamese citizen, issued by the ID management agency in accordance with the provisions of the 2023 ID Law.

According to Article 21 of the 2023 ID Law, the age for issuing and exchanging new ID cards is stipulated as follows:

– Vietnamese citizens who have been issued an ID card must carry out the procedure for issuing and exchanging the ID card when they reach the age of 14, 25, 40 and 60 years old.

– An ID card that has been issued, exchanged or reissued within 02 years before the age for issuing and exchanging the ID card as prescribed above is valid until the age for issuing and exchanging the next ID card.

Note: Citizen identification cards issued before July 1, 2024 are valid until the expiration date printed on the card, except for citizen identification cards and identity cards that expire from January 15, 2024 to before June 30, 2024, which will continue to be valid until June 30, 2024. Citizens who have a need can be issued a replacement for an identity card.

Identity cards that are still valid after December 31, 2024 will be valid until December 31, 2024. Legal documents that have been issued using information from citizen identification cards and identity cards will retain their validity; state agencies are not allowed to request citizens to change or adjust information about their identity cards and identity cards in issued documents.

Prohibition of selling optional insurance associated with loans
Clause 5, Article 15 of the Law on Credit Institutions 2024 stipulates: Credit institutions, foreign bank branches, managers, operators, and employees of credit institutions and foreign bank branches shall associate the sale of optional insurance products with the provision of banking products and services in any form.

In addition, the Law on Credit Institutions 2024 also strictly prohibits the following acts:

Credit institutions and foreign bank branches shall conduct banking activities or other business activities other than those stated in the License granted by the State Bank to credit institutions and foreign bank branches.

Organizations and individuals that are not credit institutions or foreign bank branches shall conduct banking activities, except for margin transactions and securities resale transactions of securities companies.

Organizations and individuals illegally intervening in banking activities and other business activities of credit institutions and foreign bank branches.

Credit institutions and foreign bank branches that engage in acts of competition restriction or unfair competition that pose a risk of harming or damaging the implementation of the national monetary policy, the safety of the credit institution system, the interests of the State, and the legitimate rights and interests of organizations and individuals.

Standards and conditions for participating in the force participating in protecting security and order at the grassroots level
According to Article 13 of the Law on Forces Participating in Protecting Security and Order at the Grassroots Level 2023, Vietnamese citizens who wish and meet the following standards and conditions shall be considered and selected to participate in the force participating in protecting security and order at the grassroots level:

– From 18 to 70 years old; In case of over 70 years old and in good health, the Chairman of the Commune People’s Committee shall consider and decide based on the proposal of the Commune Police;

– Have a clear background; good moral qualities; and the individual and his/her family comply with the Party’s guidelines and policies, the State’s policies and laws; are not currently being prosecuted for criminal liability, serving a criminal sentence in the commune, ward or town, serving a judicial measure or serving an administrative measure. In case of having completed the sentence of the Court, the criminal record must be cleared; if the decision to apply an administrative measure has been completed, the period of time considered as not having been subject to an administrative measure must have expired according to the provisions of law;

– Have a graduation certificate or have completed a secondary school education program or higher. For border areas, islands, mountainous areas, areas with particularly difficult socio-economic conditions, and ethnic minority areas, people who have completed primary education can be recruited;

– Permanent or temporary residence for 01 year or more and regularly living in the place where the citizen submits the application to join the force to participate in protecting security and order at the grassroots level. In the case specified in Clause 3, Article 15 of the Law on Forces Participating in Protecting Security and Order at the Grassroots Level 2023, the citizen must be permanent or temporary residence at the place where the application to join the force to participate in protecting security and order at the grassroots level is submitted;