Vietnam Law & Legal Forum Magazine is your gateway to the law of Vietnam

Official Gazette

Friday, November 16, 2018
Tags: simplified procedures
Government makes strides in reducing business conditions Government makes strides in reducing business conditions
The first half of 2018 saw great efforts of the Vietnamese Government in realizing its commitments to building market economy institutions in the country, especially removing legal hurdles for businesses. There have emerged some positive, significant “institutional reform” trends which are highlighted below.
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.
State to monopolize via-account gold trading State to monopolize via-account gold trading
The State would hold monopoly in mobilizing gold from organizations and individuals and via-account gold trading.
Vietnams new PPP framework Vietnam’s new PPP framework
In recent years, Vietnam’s growing economy and socio-economic development has led to an increased need for new investment in infrastructure projects and their operation.
Decree No. 87/2014/ND-CP of September 22 2014 Decree No. 87/2014/ND-CP of September 22, 2014
On attraction of scientists and technologists who are overseas Vietnamese and foreign experts to participate in scientific and technological activities in Vietnam
New preferential policies for foreign scientists and technologists New preferential policies for foreign scientists and technologists
Foreign and overseas Vietnamese experts in science and technology will soon be granted multiple-entry visas or temporary residence cards of a longer term.
Renewing appellate procedure with an effective adversarial process Renewing appellate procedure with an effective adversarial process
Renewal of the procedure at court hearings in general and at appellate hearings of criminal cases in particular toward promoting adversarial process is an important requirement of the judicial reform for a number of reasons.
Reform of customs procedures Reform of customs procedures
Since Vietnam adopted open-door policies of national renewal, customs procedures and regulations have been consistently reformed to ensure legal bases for control of goods export and import as well as entry, exit and transit of transport means and passengers.
EVALUATION OF INVESTMENT PROJECTS EVALUATION OF INVESTMENT PROJECTS
Over the past 20 years of attracting and managing foreign direct investment, regulations on project evaluation have been completed and continuously improved.
Central committee gets down to business of administrative reform Central committee gets down to business of administrative reform
Administrative reform has taken place at all administrative levels and already created more favorable conditions for people and businesses in contacting and working with administrative agencies. However, administrative procedures remain complicated and cumbersome in some domains, such as land, housing, construction, investment and taxation. Reform in some agencies remains problematic.