Legal Update

Protecting the rights of consumers

Protecting the rights of consumers

Since the Consumer Protection Law was first implemented three years ago thousands of cases have been handled. Vietnam Economic News’ Lan Phuong spoke with Nguyen Manh Hung, Deputy Chairman and...

New circular sets home purchase bailout limits

New circular sets home purchase bailout limits

HA NOI (Biz Hub) ─ Individuals purchasing commercial houses worth VND1.05 billion (US$50,000) or less in urban projects that authorities have approved are entitled to financial assistance from the national...

 
National Assembly approves new civil aviation legislation

National Assembly approves new civil aviation legislation

The revised Law on Viet Nam Civil Aviation passed by the National Assembly yesterday adds a number of aviation and essential non-aviation services subject to price control by the State,...

Competition Law determines the fate of mergers and acquisitions

Competition Law determines the fate of mergers and acquisitions

Mergers & Acquisitions (M&As) implicate a variety of legal domains, among the most important of which is the Competition Law. The Competition Law of Vietnam (2004) treats M&As as forms of...

 
New law defines bankruptcy proceedings

New law defines bankruptcy proceedings

After 10 years from the issuance of the 2004 bankruptcy law, a new Law on Bankruptcy (the Bankruptcy Law) was passed on June 19, 2014, by the 13th National Assembly...

Government issues new rules on employment services

Government issues new rules on employment services

To provide detailed guidelines to enterprises engaged in employment service activities as stipulated under Labour Code 2012, on May 23, 2014, the government of Vietnam issued Decree No 52/2014/ND-CP providing...

 
Government announces new regulations on forex transactions

Government announces new regulations on forex transactions

All transactions and cash payments for exports and imports of goods and services must be conducted by bank transfers through authorised credit institutions. This regulation was approved in the decree 70/2014/ND-CP,...

Government lowers income tax for firms

Government lowers income tax for firms

Vietnam’s Ministry of Finance has cut the general enterprise income tax rate to 22 per cent from 25 per cent from 2014 on and to 20 per cent by 2016. Enterprise...

 
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