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Official Gazette

Sunday, September 20, 2020
Tags: formulating
Official Gazette issues Nos 53-56/2020 published on August 21 2020 Official Gazette issues Nos 53-56/2020, published on August 21, 2020
36th ASEAN Summit: Leaders Vision Statement on a Cohesive And Responsive ASEAN 36th ASEAN Summit: Leaders’ Vision Statement on a Cohesive And Responsive ASEAN
The Association of the Southeast Asian Nations (ASEAN) leaders on Friday participated in the 36th summit of the grouping and has adopted the “ASEAN Leaders’ Vision Statement on a Cohesive And Responsive ASEAN: Rising Above Challenges And Sustaining Growth”.
Legislative process under the Nguyen dynasty Legislative process under the Nguyen dynasty
Vietnam’s feudal state under the Nguyen dynasty (1802-1884) attached great importance to legislative work with a coherent and logical process from the drafting and transfer of legal documents, management and use of official seals, organization of archive work to the training and employment of paperwork staff. The Nguyen dynasty’s due attention to the drafting of legal documents contributed to the development of a strong public administration, serving as the basis for the attainment of significant achievements in various aspects of the country’s social life in this period. This also offered valuable lessons on the importance of the human factor, the clear definition of duties of each responsible individual, and the role of inspection and supervision in the process of formulating and promulgating legal documents, for today’s lawmaking work in Vietnam.
Ethnic groups with very small populations to enjoy top incentives Ethnic groups with very small populations to enjoy top incentives
By 2025, the rate of underweight and malnourished under-five children in ethnic groups with very small populations will be reduced to below 20 percent, according to a program recently released by the Prime Minister.
ASEAN leaders issue declaration on measures to fight COVID-19 ASEAN leaders issue declaration on measures to fight COVID-19
ASEAN leaders adopted the Declaration of the Special ASEAN Summit on COVID-19 at the end of the online Special ASEAN Summit on the pandemic which was chaired by Vietnamese Prime Minister Nguyen Xuan Phuc on April 14, issuing first ever guidelines for coordinated efforts by the group against the pandemic.
How to shape a legal framework for the condotel market How to shape a legal framework for the condotel market
The case of Cocobay stirs concerns about the future of condotel complexes, a type of property projects which has been mushrooming all over the country in the past few years. It also gives rise to an urgent need to shape a legal framework for condotel development, ownership and management which would facilitate the operation of real estate developers and investors as well as state management work of authorities.
The digital economy thrives in Vietnam The digital economy thrives in Vietnam
Developing the digital economy is considered by many countries an inevitable trend of Industrial Revolution 4.0 (also known as Industry 4.0). The Vietnamese Government has resolved to grasp this development trend while showing efforts to concentrate resources and create an environment for accelerated development of the digital economy.
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.
Party determines to embrace Fourth Industrial Revolution Party determines to embrace Fourth Industrial Revolution
On September 27, Party General Secretary Nguyen Phu Trong signed Resolution 52-NQ/TW, on a number of policies on the nation’s proactive involvement in the Fourth Industrial Revolution, affirming that the nation will take strong actions to take advantage of opportunities brought by the Revolution. Vietnam Law and Legal Forum would like to introduce important contents of this Resolution.
New regulation gives clearer policies for construction cost management of public projects New regulation gives clearer policies for construction cost management of public projects
State-funded projects will be subject to the new rule on management of construction investment costs, reads a decree recently issued by the Government.

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