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

Official Gazette

Monday, March 30, 2020
Tags: swindling
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
Law-based state management of e-commerce in Vietnam Law-based state management of e-commerce in Vietnam
According to Prime Minister Decision 222 of 2005 approving the overall plan on e-commerce development during 2006-10, the State plays the role of creating a favorable legal environment, while providing public services to assist e-commerce activities, and developing e-commerce in connection with the application and development of information and communication technology.
State Bank steps up fight against black credit State Bank steps up fight against “black credit”
In January 2019, local media reported that Le Dinh Huu Phuoc, a 55-year-old man in the Central Highlands province of Gia Lai, was beaten to death by a group of gangsters for failing to fully pay his nephew’s debt.
Building a law on cyber security: a must in the current situation Building a law on cyber security: a must in the current situation
The draft Law on Cyber Security, which is scheduled to be passed by the 14th National Assembly at its ongoing session, contains some new provisions which raise several public concerns. Vietnam Law and Legal Forum talks with Lieutenant General Hoang Phuoc Thuan, Director of the Cyber Security Department of the Ministry of Public Security, about some controversial issues governed by the draft law.
Position-related crimes under the new Penal Code Position-related crimes under the new Penal Code
This article analyzes new provisions in the 2015 Penal Code concerning position-related crimes, which are expected to give more teeth to the fight against corruption in the country.
Swindling former NA deputy gets life sentence Swindling former NA deputy gets life sentence
Former National Assembly member Chau Thi Thu Nga was sentenced to life imprisonment for swindling to appropriate assets after a two-week trial that concluded on October 16.
Salient amendments to the 2015 Penal Code Salient amendments to the 2015 Penal Code
At its 3rd session wrapped up last month, the National Assembly passed a law making a raft of amendments to the 2015 Penal Code with effect from early next year. More than 200 articles of the Code have been amended, one new article added and another removed. These amendments include not only corrections of technical errors but also many criminal justice policy changes. Below are the most prominent of them.
Ten progressive developments in the new Criminal Procedure Code Ten progressive developments in the new Criminal Procedure Code
Three Criminal Procedure Codes were promulgated in Vietnam in 1988, 2003 and 2015. The latest Criminal Procedure Code was designed to meet the judicial reform requirements set forth in the Communist Party of Vietnam Central Committee’s Resolution No. 49-NQ/TW dated June 2, 2005. Compared to the 2003 version, the Code contains 176 new articles and 317 amended articles, retains 17 articles and abolishes 26 articles. Significantly, it introduces many new contents of a modern criminal justice which Vietnam is striving to build.
Multilevel marketing-related fraud challenges state management Multilevel marketing-related fraud challenges state management
The recent arrest of leaders of a Hanoi-based company in the biggest multilevel marketing-related scam in the country so far has triggered concern about the state management of this business model.
Revising criminal law to crack down on foreign swindlers Revising criminal law to crack down on foreign swindlers
Over the recent years, more and more cases of foreign swindlers have been reported throughout the country and in almost all of economic, cultural and social fields, especially import and export, investment, loan provision, capital raising and e-commerce. Though low in number compared to swindling cases involving local criminals, these cases have become more complicated in nature, scale and severity with serious consequences. This situation has made the fight against foreign swindlers in Vietnam imperative and the improvement of relevant legal bases for the fight urgent.

Video

Vietnam Law & Legal Forum