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Vietnam: Decree on Sale and Transfer of State-Owned Enterprises

(Nov. 10, 2008) On October 10, 2008, the Government of the Socialist Republic of Vietnam (SRV) issued new regulations on the sale and transfer of wholly state-owned enterprises (SOEs). (Decree 109/2008/ND-CP, replacing Decree 80/2005/ND-CP, promulgated in 2005, on the assignment, sale, contracting, and leasing of SOEs; Foreign Eyes Look for SOE Stake Roadmaps, VIETNAM INVESTMENT […]

China; Vietnam: Agreement Reached to Complete Land, Maritime Border Demarcation

(Nov. 3, 2008) On October 25, 2008, in a joint statement issued at the end of a visit to China by Vietnam's Prime Minister Nguyễn Tấn Dũng, China and Vietnam pledged “to deepen the bilateral all-round strategic cooperation partnership” in a number of aspects. In particular, the two sides agreed to avoid what in the […]

Vietnam: Decree on Mergers and Acquisitions Being Drafted

(May 2, 2008) It was reported on May 2, 2008, that Vietnam's Ministry of Planning and Investment (MPI) is drafting a decree on foreign-related mergers and acquisitions (M&A). The aim of the draft proposal is “to ensure effective M&A, build a strict legal corridor and improve local awareness about the issue,” as well as “to […]

Vietnam: National Lawyers’ Organization

(Apr. 2, 2008) A prime ministerial decision of January 16, 2008, approved a plan for the establishment of a national lawyers' organization in the Socialist Republic of Vietnam (SRV) and of a steering committee for the SRV's first national lawyers' congress. The Vietnam Lawyers Federation (VLF), which will have legal person status, is a member […]

Vietnam: Piracy at Sea

(Apr. 2, 2008) On January 17, 2008, the Prime Minister of the Socialist Republic of Vietnam (SRV) promulgated Decision No. 12/2008/QD-TTg, along with the Regulation on Coordination in Implementation of the Regional Cooperation Agreement on Combating Piracy and Armed Robbery Against Ships in Asia (ReCAAP). Under the Regulation, Vietnamese authorities will exchange information and documents […]

Vietnam: Law on Personal Income Tax

(Apr. 2, 2008) The National Assembly of the Socialist Republic of Vietnam approved the country's first Personal Income Tax Law on November 21, 2007 (Law No. 04/2007/QH12). It was promulgated by Decree No. 13/2007/L-CTN on December 5, 2007, and published in the OFFICIAL GAZETTE on January 13, 2008. It is scheduled to take effect on […]

United Nations; Vietnam: Non-Permanent Security Council Member Status

(Nov. 2, 2007) On October 16, 2007, the United Nations General Assembly voted almost unanimously (183 out of 190 votes) in favor of the Socialist Republic of Vietnam becoming a non-permanent member of the U.N. Security Council for the 2008-2009 term. Libya, Burkina Faso, Costa Rica, and Croatia were also elected to serve a two-year […]

Vietnam: Pharmaceutical Price Controls

(Nov. 2, 2007) On September 7, 2007, the Ministry of Health (MOH) of the Socialist Republic of Vietnam (SRV) issued a decree on new regulations aimed at stabilizing rising drug prices in the country. Heretofore, the means of enforcing SRV price controls has been mandatory reporting of prices to the state Drug Administration and posting […]