Since early this year, as the COVID-19 pandemic has seriously disrupted production and business activities in the country, a number of financial support packages have been launched by the National Assembly and Government to help enterprises overcome difficulties and to resume the economic growth.

The Government has recently issued a decree revising some articles of Decree 181 of 2013 detailing the Law on Advertising with a view to guaranteeing equality for both local and foreign advertising businesses.

On March 24, 2020, the Government issued Decree 35/2020/ND-CP setting forth the long-awaited notification thresholds of the new Vietnamese merger control regime provided in the 2018 Competition Law. Since then, the new regime has brought Vietnam’s merger control process closer to the established practice employed in more developed jurisdictions around the globe.

The fourth outbreak of the COVID-19 pandemic starting from late April has had more negative impacts on daily life as well as socio-economic development than the previous waves in the country. However, Vietnam attracted USD 14 billion in foreign direct investment (FDI) in the first eight months of this year, only two percent lower than the same period last year, showing foreign investors’ confidence in the country’s economic scenario in the mid-and long terms.

The Vietnam Chamber of Commerce and Industry has signed a decision to officially establish a council for business cooperation in response to COVID-19, a special mechanism to connect companies and business associations with agencies and organizations both in and outside the country in the fight against the pandemic.

Many foreign-invested enterprises tend to bring their own workers to Vietnam for work, particularly for management positions, due to the high requirements for qualifications, expertise and skills, especially differences in language and culture.

The Vietnamese Government is always ready to create the best conditions for and stand side-by-side with European firms operating in the country, while wishing that EU countries facilitate Vietnamese investments in fields that Europe has demand for, thus fostering balanced and long-term win-win trade and investment cooperation, Prime Minister Pham Minh Chinh has said.

Deputy Prime Minister Pham Binh Minh has asked relevant ministries and agencies to take solutions to push ahead with national and ASEAN one-stop-shop mechanisms.

Vietnam’s export turnover in the first eight months of 2021 rose by 21.5 percent year on year to USD 212.5 billion, despite a decline of 5.4 percent in August, the General Statistics Office reported on August 29.

When a bank takes security over assets of a company or an individual, its concern is not only that such security will be effective but also that the security interest will take priority over other parties’ interests in the assets concerned. Civil Code 91/2015/QH13 dated November 24, 2015, contains various new rules on priorities that are completed by its implementing texts and specialized legislations.