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

Official Gazette

Friday, August 17, 2018
Tags: conditional business
Luật đầu tư – Law on Investment (Law in 2014 Amended and Supplemented in 2016 2017) Luật đầu tư – Law on Investment (Law in 2014, Amended and Supplemented in 2016, 2017)
The Law on Investment was passed on November 26th, 2014, by the XIIIth National Assembly of the Socialist Republic of Vietnam at its eight section and took effect on July 1st, 2015, replacing the Law on Investment in 2005. This Law further improves mechanism and policies to create an equal, favorable and more transparent investment environment in order to attract more domestic and foreign investment. After more than one year of implementation, a number of branches and trades specified in Appendix 4 on the List of sectors and trades subject to conditional business investment of the Law on Investment in 2014 are no longer suitable due to their failure to meet the criteria and the target of attracting investment. In order to improve the Law on Investment in 2014, on November 22nd, 2016, the XIVth National Assembly, at its third session, passed the Law on support for small – and medium-sized enterprises, which has content amending and supplementing the Law on Investment.
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.
Forestry Law to boost sustainable forest economy Forestry Law to boost sustainable forest economy
Composed of 108 articles arranged in 12 chapters, the Law on Forestry (the Law), which was passed in November last year, regulates the management, protection, development and exploitation of forests, along with the processing and trade of forest products.
Legality of cryptocurrencies in Vietnam remains unclear Legality of cryptocurrencies in Vietnam remains unclear
Bitcoin and other similar virtual currencies like ethereum, ripple and litecoin have become a hot topic among investors. But let’s set aside the worries and excitement and ask a question: are cryptocurrencies lawful in Vietnam?
Government to cut half of business conditions in 2018 Government to cut half of business conditions in 2018
To promote fast and sustainable economic growth, efforts should be devoted to further improving the business climate and economic competitiveness, reforming specialized inspections of imports and exports and cutting business conditions.
Five thousand administrative procedures cut since 2017 Five thousand administrative procedures cut since 2017
Since the beginning of 2017, 5,000 administrative procedures and 24 conditional business lines have been trimmed, with another 3,000 business conditions on the chopping block, the Vietnamese Government said recently.
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.
Draft Law on special zones offers maximum incentives Draft Law on special zones offers maximum incentives
Vietnam will have three special administrative-economic units, namely Van Don (Quang Ninh), North Van Phong (Khanh Hoa) and Phu Quoc (Kien Giang), once a draft law on administrative-economic units is passed by the National Assembly.
Vietnams competition policy: Current problems and proposed solutions Vietnam’s competition policy: Current problems and proposed solutions
The past 30 years of renewal sees Vietnam liberalizes and expands its domestic market while step by step integrating into the world economy. As a result, different types of markets in the economy have increasingly developed and improved.
Official Gazette issues Nos 9-12 September 2017 released on December 20 2017 Official Gazette issues Nos 9-12 September 2017, released on December 20, 2017

Video

Vietnam Law & Legal Forum