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Official Gazette

Thursday, October 18, 2018
Tags: business environment
Party Central Committee issues announcement on 8th plenum Party Central Committee issues announcement on 8th plenum
The Party Central Committee on October 6 wrapped up its 8th plenum after five days of working, with General Secretary Nguyen Phu Trong in the chair. It issued an announcement on the work of the plenum.
PM lauds Japans role in Mekong region development PM lauds Japan’s role in Mekong region development
Prime Minister Nguyen Xuan Phuc lauded the role of Japan in boosting cooperation and development in the Mekong region over the past years at an interview granted to Japanese media on the occasion of his visit to Japan and participation in the 10th Mekong-Japan Summit Meeting in the country from October 8-10.
WB economist assesses FDI in Vietnam WB economist assesses FDI in Vietnam
Soon after the National Assembly passed the Law on Foreign Investment in Vietnam in 1987, the country started witnessing Foreign Direct Investment inflows which have made considerable contributions to the national economy. To mark the 30th year of Vietnam’s FDI attraction, Vietnam News Agency talked to Sebastian Eckardt, lead economist at the World Bank Vietnam.
Thousands of unlawful documents issued last year: Justice Ministry report Thousands of unlawful documents issued last year: Justice Ministry report
Thousands of legal documents issued last year in the country were detected to be unlawful in one aspect or another, according to a recent report of the Ministry of Justice.
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.
Government poised to cut costs for businesses Government poised to cut costs for businesses
Vietnam would cut or simplify at least half of business conditions and lessen requirements in the areas of investment, land, construction, tax payment and social insurance so as to reach a mark equaling the average level of ASEAN-4 countries in the World Bank’s Doing Business survey by 2020.
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.
National Assembly passes seven laws during fifth session National Assembly passes seven laws during fifth session
After three weeks of sitting, the 14th National Assembly completed its working agenda of the fifth session, voting to pass seven laws to continue the institutionalization of the 2013 Constitution, improve the legal system on economic development, human rights, and basic rights and obligations of citizens, and ensure national defense and security.
Government vows to make business climate more friendly Government vows to make business climate more friendly
The Government has recently adopted a resolution on continued implementation of solutions and tasks to improve the business environment and increase the national competitiveness in 2018 and beyond.
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.

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