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…

Proposal on changing the basis for paying social insurance premiums depending on the actual salary and salary allowances of Vietnamese employees in the draft revised Law on Social Insurance

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Recently, the Ministry of Labor, War Invalids and Social Affairs of Vietnam has proposed to change the basis for paying social insurance premiums in the draft revised Law on Social Insurance which is open for public comment. Accordingly, employers and employees may pay social insurance based on the actual fluctuation of salary each month, instead…

Disadvantages of the joining of Free Trade Agreements (FTAs) for Vietnam’s development

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Free Trade Agreements (FTAs) have many positive impacts on Vietnam. The most prominent incentives among them are tariff preferences that can help Vietnamese businesses boost production and export to countries within the scope of a separate FTA Agreement. However, along with the positive points are a few limitations and disadvantages that are likely to negatively…

Will the trade remedy investigation directly affect the production and export activities of Vietnamese enterprises?

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When Vietnamese manufacturing and exporting enterprises are subject to trade remedy investigation, would their production and export activities will be negatively affected, leading to a state of reduction or even a complete stop, seriously affect the Vietnamese economy? With an economy that relies heavily on export production like Vietnam today, a high ratio of exports…

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