The UK has reached an agreement to join the CPTPP

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On March 31, 2023, British Prime Minister Rishi Sunak publicly announced that the UK had completed the negotiation agreement to join the CPTPP and thereby, will officially join the CPTPP in the foreseeable future. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) CPTPP stands for Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which is a…

Details of the proposal to reduce the minimum number of years of paying social insurance contributions in Vietnam

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One of the notable points in the Draft Law on Social Insurance of Vietnam 2023 is the proposal to reduce the minimum number of years of paying social insurance contributions to be eligible to receive pensions in Vietnam. So, what are the specifics of this proposal? Clause 1, Article 71 of the Draft Law on…

Perspectives of the State Management Agency of Vietnam on the social insurance fund

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When there have been a large number of negative public opinions from the people and businesses, employers and employees in Vietnam about the contents of the Draft Law on Vietnam Social Insurance, we also should take another look at the case from a different angle to explain why the State Management Agency, the Draft Drafting…

Impact from the proposal to reduce the minimum number of years of social insurance payment from 20 years to 15 years to enjoy pension in Vietnam

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One of the main points in the draft amendments to the Law on Social Insurance by the Ministry of Labor, War Invalids and Social Affairs of Vietnam is the proposal to reduce the minimum number of years of paying social insurance premiums from 20 years to 15 years in order to allow employees to enjoy…

Difference between banks and credit institutions in Vietnam

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Are banks and credit institutions the same concept? In the following article, ASL LAW will introduce some basic differences in the definition between a bank and a credit institution in Vietnam. Definition Clauses 1 and 2, Article 4 of the Law on Credit Institutions 2017 No. 17/2017/QH14 amending and supplementing a number of articles of…

Vietnam extends the application of measures to prevent circumvention of trade remedies for imported coil and wire steel products

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Recently, the Ministry of Industry and Trade of Vietnam has issued Decision No. 693/QD-BCT on extending the application of anti-circumvention measures to trade remedies for coil and wire steel products imported into Vietnam. On July 18, 2016, the Ministry of Industry and Trade issued Decision No. 2968/QD-BCT on the application of global safeguard measures to…

Vietnam issues notice of receipt of application for exemption from trade remedies in March 2023

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Pursuant to the provisions of Point c, Clause 1, Article 16 of Circular 37/2019/TT-BCT, the Vietnam Trade Remedies Authority has issued a notice of receipt of the application for exemption from trade remedies in March 2023. Cases applied within the scope of application for exemption from application of trade remedies include the investigation of application…

The United States extends for the sixth time the deadline to issue the final conclusion on the investigation of circumvention of trade remedies against plywood from Vietnam

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On March 20, 2023, the United States announced the sixth extension of the time to issue final conclusions on the investigation of circumvention of anti-dumping and anti-subsidy duties on plywood using hardwood materials imported from Vietnam. The anti-dumping and anti-subsidy duty circumvention investigation on plywood from Vietnam was initiated by the DOC on June 17,…

The Ministry of Industry and Trade issued a decision on the extension of the application of safeguard measures to long steel products imported into Vietnam

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On March 21, 2023, the Ministry of Industry and Trade issued Decision No. 691/QD-BCT on extending the application of safeguard measures to long steel products imported into Vietnam. On July 18, 2016, the Ministry of Industry and Trade issued Decision No. 2968/QD-BCT on the application of global safeguard measures to billet and long steel products…

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