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Official Gazette

Sunday, December 16, 2018
Tags: intellectual property
Competitive advantage key to firms: PM Competitive advantage key to firms: PM
If enterprises and nations did not see their own strengths and utilize their competitive advantages, they would find it difficult to develop sustainably and thrive in the future.
Vietnam regards US as leading important partner: Prime Minister Vietnam regards US as leading important partner: Prime Minister
Vietnam considers the US one of its leading important partners, Prime Minister Nguyen Xuan Phuc told US Vice President Mike Pence during their meeting on the sidelines of the 33rd ASEAN Summit and related meetings in Singapore on November 14.
Vietnam seeks FDI in new technology-based sectors Vietnam seeks FDI in new technology-based sectors
With around USD 184 billion disbursed over the past 30 years since the enactment of the Law on Investment in 1987, the inflow of foreign direct investment has significantly contributed to the country’s total social investment capital.
Vietnams policies to lure foreign skilled workers Vietnam’s policies to lure foreign skilled workers
The fourth Industrial Revolution increases the demand for skilled workers, resulting in a shortage in the labor market. As the national education system is unable to satisfy the local demand, many countries around the world have adopted policies to attract foreign workers to offset the deficiency. This article analyzes Vietnam’s policies on attraction of foreign workers and proposes policy solutions to lure foreign scientists and technologists to work in the country.
New Competition Law: transformation from per se to rule of reason approach New Competition Law: transformation from per se to rule of reason approach
The Competition Law that came into force on July 1, 2005, was the very first important milestone in the process of creating a legal framework for fair competition in Vietnam. Unfortunately, both domestic and international business environments have been changing significantly since the promulgation of the Law in 2004. There is strong demand for Vietnamese companies to participate deeply in new global value chains. The 4th Industrial Revolution has facilitated the emergence of new business models that the current Competition Law fails to regulate. Those business modes have changed the market structure and directly affected competition. Therefore, comprehensive revision of the 2004 Competition Law is practically necessary to not only overcome its limitations and shortcomings but also take full advantage of opportunities of economic integration as well as the 4th Industrial Revolution.
Charges over property: attachment Charges over property: attachment
Charges are the most commonly used security interest in secured lending in Vietnam. As the charged property remains in the hands of the chargor, there are risks facing the secured banks. To be able to efficiently enforce the charges at a later time, banks should anticipate and prevent those risks at the time of entering into the charge agreements.
Personal liability and corporate liability under new Penal Code Personal liability and corporate liability under new Penal Code
On June 20, 2017, the National Assembly passed the revised Penal Code. It became effective on January 1, 2018. Several significant changes have occurred. Several acts, previously criminal, are no longer punishable. On the other hand, several previously innocent acts have been criminalized. One very large change is that an enterprise-not just an individual-may now be guilty of a crime1.
Corporate penal liability in Vietnam Corporate penal liability in Vietnam
The 2015 Penal Code marks a great progress in the country’s criminal justice by holding commercial legal entities liable for their criminal acts. Its novel provisions create a legal basis for the fight against criminal acts committed by commercial legal entities in recent years as well as for international cooperation on combating crime, especially transnational organized crime.
Official Gazette issues Nos 16-19/2018 released on May 16 2018

Official Gazette issues Nos 16-19/2018, released on May 16, 2018

Party sets industrial development goals for 2030 Party sets industrial development goals for 2030
By 2030, Vietnam will accomplish its industrialization and modernization, basically becoming a modernity-oriented industrialized country among the top three ASEAN countries in industry, with some of its industries being globally competitive and deeply participating in the global value chain.

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