In recognition of Vietnam’s emergence as a significant player in the global legal market, Asia Business Law Journal presents the Vietnam Law Firm Awards 2024. This prestigious award celebrates the outstanding achievements of legal professionals and firms over the past year, highlighting contributions to various practice areas within Vietnam’s dynamic legal landscape. Founded by lawyer…
Vietnam has made a significant regulatory advancement by defining electronic money (e-money) for the first time under Decree 52, which will take effect on July 1, 2024. This decree provides a comprehensive framework for e-money, differentiating it clearly from virtual currencies, which are excluded from its scope as they remain unregulated by the country’s financial…
Material liability is a distinctive concept in the field of labor. Unlike types of damages in commercial and civil fields, which dictate that compensation includes both material and moral aspects, as well as potential benefits, material liability only arises when an employee causes direct damage to the employer’s property. This does not cover indirect damage…
According to Decision 194/QĐ-TTg dated February 23, 2024, issued by the Government, which outlines the national action plan to implement Vietnam’s commitments on combating money laundering, terrorism financing, and financing the proliferation of weapons of mass destruction, the Government has assigned the Ministry of Finance to research and develop a legal framework to either ban…
According to the Trade Commission Notice No. 2024-8 dated May 30, 2024, the Korea Trade Commission (Korean Investigative Authority) has initiated an anti-dumping investigation on cold-rolled stainless steel originating from or imported from Vietnam based on a request from the petitioner, POSCO Co., Ltd. The investigated goods are cold-rolled stainless steel classified under HS codes…
The incidence of occupational accidents in the informal labor sector is very high, with over 1,400 fatalities annually. In response to this situation, the Ministry of Labor, Invalids, and Social Affairs (MOLISA) has proposed issuing a Decree on voluntary occupational accident insurance for freelancers to improve social welfare. The target participants are workers aged 15…
Recently, authorities in Vietnam have uncovered and dealt with numerous cases of buying and selling documents for social insurance benefits, such as hospital discharge papers, aimed at exploiting the system. Despite these efforts, this malpractice continues to persist. A simple search on Facebook for terms like “hospital admission papers,” “hospital discharge papers,” and “medical certificates”…
Investing abroad is a crucial strategic step that helps Vietnamese enterprises expand their markets, enhance competitiveness, and seek new development opportunities. However, this process requires careful preparation and a thorough understanding of international markets. Here are some factors to consider when investing abroad: Forms of Oversea Investment Investors can carry out overseas investment activities in…
With the U.S. officially initiating anti-dumping (AD) and countervailing duty (CVD) investigations on solar panels from Vietnam and three other Southeast Asian countries, Vietnamese enterprises involved in the production and export of these products need to pay attention to several crucial dates affecting the trade defense investigation process. Dumping and Subsidy Allegations Key Dates Event…
The draft of the Social Insurance Law proposes allowing workers to pay the overdue social insurance contributions owed by their employers, ensuring they meet the conditions to receive benefits. This measure aims to protect workers’ rights in cases where the employer is unable to pay social insurance, such as due to bankruptcy, dissolution, or absconding….