Legal Update

Revising IP Law to effectively combat infringements

Revising IP Law to effectively combat infringements

The current Law on Intellectual Property of Vietnam was officially enacted in July 2006 and revised in 2009. After 10 years of implementation, the Law has affirmed its important role...

Deputy PM orders handling of loss-making projects

Deputy PM orders handling of loss-making projects

handle prolonged loss-making projects in line with market mechanisms while reaffirming that the State would not pump money into inefficient projects. The remarks were made during a meeting between the Ministry...

 
New Decision to boost power pricing transparency

New Decision to boost power pricing transparency

Prime minister Nguyen Xuan Phuc has promulgated a new decision allowing the Electricity of Vietnam (EVN) to raise the average retail price of electricity by between 3-5 per cent on...

PM pledges all possible support to workers

PM pledges all possible support to workers

The government will offer all possible support to businesses, start-ups and create jobs for workers, prime minister Nguyen Xuan Phuc has said. He made the statement during a working session in...

 
Real estate market may cause great damages to the economy if risks occur

Real estate market may cause great damages to the economy if risks occur

Real estate is currently the channel that attracts the most capital. The information that the government is working on housing credit support programme along with the recently adopted bad debt...

Vietnam’s employers, unions fight again over wage increase

Vietnam’s employers, unions fight again over wage increase

Businesses started with a low offer of 5 percent while the labour federation insisted on 13.3 percent. Discussions for the annual wage increase have started, and as expected, the business group...

 
Over 61,000 new enterprises established in six months

Over 61,000 new enterprises established in six months

Hanoi (VNA) – In the first two quarters of this year, 61,276 enterprises were formed, with total registered capital of over 596 trillion VND (more than 26.2 billion USD), according to...

Zero-dong banks promote themselves as fully state-owned banks to attract customers

Zero-dong banks promote themselves as fully state-owned banks to attract customers

In 2015, the State Bank of Vietnam (SBV) decided to compulsorily acquire the entire shares of GPBank, OceanBank and VNCB at zero dong. After the acquisition, SBV transformed their operation...

 
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