SOME NEW REGULATIONS COME INTO FORCE IN JANUARY 2019

A new start to the year 2019, brings new regulations which have taken effect in January, 2019

I. Main points of the new Decree 149/2018/ND-CP on the application of workplace democracy

This new Decree on the elaboration of Article 63, Clause 3 of the Labour Code regarding the application of workplace democracy has been in effect […]

MOIT ISSUES 4 OPTIONS FOR ELECTRICITY PRICE IN 2019

Electricity Vietnam (EVN) has said that their electricity business in 2017 suffered VND 2,219 billion in losses.

In response to this statement, the Ministry of Industry and Trade (MOIT) has issued 4 options to consider the electricity price in 2019.

Specifically, according to Mr. Do Thang Hai, the Deputy Minister of Industry and Trade, the MOIT issued […]

By |December 26th, 2018|Mining & Energy, Miscellaneous|0 Comments

TO SECURE CUSTOMER INFORMATION OF FOREIGN CREDIT INSTITUTIONS

On 11th September 2018, Decree No. 117/2018/ND-CP on the protection of confidentiality and provision of customer information of credit institutions and foreign banks’ branches (“CIs”) (“Decree 117”) was issued. Decree 117 has replaced Decree No. 70/2000/ND-CP (“Decree 70”).

Effective from 01st November 2018, Decree 117 aims to update regulations on the protection of customer information at […]

INVESTMENT DISPUTE RESOLUTION IN VIETNAM

With stable and high economic growth, Vietnam is currently a country with the highest investment attractiveness in the region. However, the movement of these investment flows is also a potential risk as the number of disputes has increased and the nature of these disputes is more complex than before. The question is what we should […]

CPTPP TO COME INTO FORCE FROM 30 DECEMBER 2018

Since the Australia Senate ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 31 October 2018 as the sixth country having ratified the CPTPP, the CPTPP will come into effect from 30 December 2018. Vietnam became the seventh country who finished the ratification of CPTPP on 12 November 2018.

Under the CPTPP’s terms, the […]

HIGHLIGHTS OF DECREE NO.68/2018/ND-CP IMPLEMENTING THE LAW ON STATE COMPENSATION LIABILITY

On May 15, 2015, the Government passed Decree No. 68/2018/ND-CP detailing some articles and measures to implement the Law on State Compensation Liability (“Decree 68”) which has been effective since July 1, 2018.

This recent compensatory mechanism has many significant modifications, such as expanding the entities eligible for compensation, compensation cases, period of prescription for lodging […]

NEW POINTS OF DECREE 137/2018/ND-CP DETAILING THE LAW ON LAWYERS

On October 8, 2018, the Government issued Decree No. 137/2018/ND-CP amending and supplementing a number of articles of Decree No. 123/2013/ND-CP dated October 14, 2013 detailing a number of articles and measures to implement the Law on Lawyers 2012 (as amended) (“Law on Lawyers”)

Accordingly, Decree No. 137/2018 / ND-CP (“Decree 137”) supplemented 5 articles, amended […]

By |November 14th, 2018|Labor, Employement & HR, The Legal Point|0 Comments

NEW DECREE SIMPLIFYING COMMERCIAL ARBITRATION LAW PROCEDURES

The Government of Vietnam has issued Decree No. 124/2018/ND-CP amending Decree No. 63/2011/ND-CP guiding the Commercial Arbitration Law (“Decree 124”). Decree 124 took effect on September 19, 2018.

Accordingly, in order to satisfy the requirements of Decision 1319/QD-BTP approving the plan for reduction and simplification of business conditions in domains under State Management issued by the […]

THE ORGANIZATIONAL SUTRUCTURE OF THE COMMISSION FOR THE MANAGEMENT OF STATE CAPITAL IN ENTERPRISES

On September 29, 2018, the Government passed Decree No.131/2018/ND-CP dated which stipulates the functions, tasks, powers, and organizational structure of the Commission for the Management of State Capital in Enterprises (“Decree 131“). Under Decree 131, the Commission for the Management of State Capital in Enterprises (“CMSC“) is a governmental agency assigned by the Government  to […]

By |October 30th, 2018|Banking, Finance & Capital Markets|0 Comments

AMENDMENT OF THE SECURITIES LAW SHOULD COME WITH THE INVESTOR PROTECTION FUND

Attorney Phung Anh Tuan, Vice President cum General Secretary of the Vietnam Association of Financial Investors (VAFI), Managing Partner VCI Legal had an interview with Vietnam Investment Review about amendment of the Securities Law.

“To protect investors, especially retail investors, in this amendment of the Law on Securities, the Ministry of Finance, the State Securities Commission […]