More Featured Articles
SBV Proposes New Incentive Policy
- 29 April 2024
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- by Việt Nam News
“According to a report of the State Audit of Vietnam (SAV), progress in handling weak credit institutions, including OceanBank, GPBank and CBBank, is still slow as it has lasted for many years (since 2015). The extension of the handling has led to an increase in the expected capital sources that have been used to aid the handling through special loan forms because the weak banks have reported consecutive losses.” Source: Incentive policy drafted to promote settlement...
Việt Nam Urged To Build Legal Corridor For AI Industry
- 29 April 2024
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- by Việt Nam News
“Deputy Minister of Science and Technology Nguyễn Hoàng Giang affirmed that Việt Nam cannot stay out of the game, but must ensure two factors. On the one hand, the country needs to build an open environment meeting practical needs in research and development and socio-economic development. But on the other hand, due to the downside of AI, it must be developed responsibly, in accordance with Vietnamese practice and culture. Digital technology development must go hand in...
Judicial Records To Be Issued Through VNeID App From April 22
- 24 April 2024
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- by Việt Nam News
“Currently, it is estimated that implementing the issuance of judicial record certificates on VNeID helps people not only save time and effort, but also save hundreds of billions of dong ach year. All people in need can request the issuance of judicial record certificates on VNeID; specifically, for people with fee waiver records, the request is made on the National Public Service Portal.” Source: Judicial records to be issued through VNeID app from April 22 (vietnamnews.vn)
Law on Security Protection Brings Positive Impacts
- 17 April 2024
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- by Việt Nam News
“Under current circumstances, the deployment and utilisation of the forces participating in the protection of security and order at grassroots level will bring about positive and effective impacts on State management of security and order. Moreover, given the extensive geographical areas and large populations in many commune-level administrative units, it is necessary to deploy the forces participating in the protection of security and order at the grassroots level to support the local police in fulfilling their...
Other Legal Update
SBV Proposes New Incentive Policy
- 29 April 2024
- |
- by Việt Nam News
“According to a report of the State Audit of Vietnam (SAV), progress in handling weak credit institutions, including OceanBank, GPBank and CBBank, is still slow as it has lasted for many years (since 2015). The extension of the handling has led to an increase in the expected capital sources that have been used to aid the handling through special loan forms because the weak banks have reported consecutive losses.” Source: Incentive policy drafted to promote settlement...
Việt Nam Urged To Build Legal Corridor For AI Industry
- 29 April 2024
- |
- by Việt Nam News
“Deputy Minister of Science and Technology Nguyễn Hoàng Giang affirmed that Việt Nam cannot stay out of the game, but must ensure two factors. On the one hand, the country needs to build an open environment meeting practical needs in research and development and socio-economic development. But on the other hand, due to the downside of AI, it must be developed responsibly, in accordance with Vietnamese practice and culture. Digital technology development must go hand in...
Judicial Records To Be Issued Through VNeID App From April 22
- 24 April 2024
- |
- by Việt Nam News
“Currently, it is estimated that implementing the issuance of judicial record certificates on VNeID helps people not only save time and effort, but also save hundreds of billions of dong ach year. All people in need can request the issuance of judicial record certificates on VNeID; specifically, for people with fee waiver records, the request is made on the National Public Service Portal.” Source: Judicial records to be issued through VNeID app from April 22 (vietnamnews.vn)
Law on Security Protection Brings Positive Impacts
- 17 April 2024
- |
- by Việt Nam News
“Under current circumstances, the deployment and utilisation of the forces participating in the protection of security and order at grassroots level will bring about positive and effective impacts on State management of security and order. Moreover, given the extensive geographical areas and large populations in many commune-level administrative units, it is necessary to deploy the forces participating in the protection of security and order at the grassroots level to support the local police in fulfilling their...
Credit Card Debt Recovery
- 09 April 2024
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- by The Saigon Times
“Financial expert Bui Kien Thanh said that in the United States, those who are late or fail to pay their credit card debt are excluded from a majority of economic activities, so no one wants to fall into this situation. The recovery of credit card debt is governed by laws that ensure fairness for both creditors and debtors.” Source: Credit card debt recovery – The Saigon Times
Trial Begins in Largest Financial Fraud Case in Việt Nam
- 19 March 2024
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- by Việt Nam News
“The chairwoman of major developer Vạn Thịnh Phát went on trial Tuesday along with dozens of others, accused of embezzling US$12.5 billion in Việt Nam’s largest financial fraud case. Real estate tycoon Trương Mỹ Lan, 68, is accused of siphoning off VNĐ304 trillion ($12.46 billion) from Việt Nam’s largest private bank by assets, Saigon Joint Stock Commercial Bank (SCB), according to investigators. If found guilty, Lan could face a death penalty.” – VNS. Source: https://vietnamnews.vn/society/1651402/trial-begins-in-largest-financial-fraud-case-in-viet-nam.html
Coal Sector Deploys Many Solutions To Attract Miners
- 15 March 2024
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- by Việt Nam News
“Nam said in the past, the company’s longwall mining was dug manually, but now the company installed a modern frame system which is much safer. Excavators, drills and winches were used for longwall mining now to increase productivity. Thanks to that, the average income of the company’s workers was more than VNĐ1 million (US$40) per day. It could reach VNĐ1.3-1.4 million ($52-56) each day if the miner worked on the weekend. Subsidiaries of Việt Nam National...
HCM City Urged to Develop Carbon Credit Market to Cut Greenhouse Gas Emissions
- 14 March 2024
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- by Việt Nam News
“The city is preparing for a pilot phase of carbon trading, which is set to begin in 2025, with full operations expected to commence in 2028. The carbon market is expected to attract investment in renewable energy, environmental technology, and international climate finance. It will also promote a green economy and create new job opportunities while enhancing the city’s international reputation in climate change mitigation efforts.” – excerpted from VNS. Source: https://vietnamnews.vn/economy/1651207/hcm-city-urged-to-develop-carbon-credit-market-to-cut-greenhouse-gas-emissions.html
Public Employee’s Salaries to Increase by 30 per cent from July 1
- 05 March 2024
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- by Việt Nam News
“After a salary reform delay, the new policy will be implemented from July 1 this year. It is expected that the average salary of officials, civil servants and public employees will be increased by about 30 per cent (including basic salary and allowances). From 2025, the rate will continue to be adjusted to an average annual increase of about 7 per cent per year.” – excerpted from VNS. Source: https://vietnamnews.vn/opinion/1651067/public-employee-s-salaries-to-increase-by-30-per-cent-from-july-1-minister.html
Seminars
Asia-Pacific Employment Summit Singapore
- 11 June 2024
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- by Stephen Le
Explore key employment law topics at the Asia-Pacific Employment Summit on 3 & 4 July 2024 in Singapore, organized by International Employment Lawyer (IEL). Among the many in-depth sessions, our Lead Litigator, Stephen Le, will be sharing his insights at the Investigations Masterclass on 4 July from 4:45 – 6:00 PM. This masterclass will focus on the latest trends and best practices for handling workplace investigations, addressing misconduct, discrimination, and harassment. It will be a great...
Tax Evasion in Vietnam: Risks, Ramifications, and Remedies
- 26 September 2023
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- by Stephen Le
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