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On September 25, 2023, the Ministry of Industry and Trade of Vietnam issued an announcement regarding the extension of the deadline for the submission of questionnaire responses in the anti-dumping investigation on prestressed steel cable products from Malaysia, Thailand, and China. On July 5, 2023, the Ministry of Industry and Trade of Vietnam issued Decision…
01
Oct
Oct
In the case of Rang Dong Plastic Company (RDP) vs. Sojitz Corporation of Japan, the Singapore International Arbitration Centre (SIAC) issued a ruling that required the Vietnamese company to compensate Sojitz for approximately VND 157 billion and pay VND 21 billion in costs and interest. Despite the SIAC’s decision, Rang Dong Holding (RDP) repeatedly ignored…
27
Sep
Sep
According to information from the Ministry of Industry and Trade of Vietnam, as of now, 72 countries and territories have recognized Vietnam as a market economy. This recognition serves as evidence of Vietnam’s remarkable development on the international stage through the acknowledgment of its allied nations. One of the significant advantages of being recognized as…
28
Sep
Sep
On September 13, 2023, Mexico’s Foreign Trade Enforcement Agency (Unidad de Prácticas Comerciales Internacionales – UPCI), part of the Mexican Ministry of Economy, released preliminary determinations in the anti-dumping investigation concerning the import of cold-rolled steel from Vietnam. According to information in the preliminary determinations, the margin of dumping for cold-rolled steel products imported from…
27
Sep
Sep
According to Article 21 of the Investment Law 2020, forms of investment in Vietnam, including investment in establishing economic organizations; investing capital, buying shares, capital contributions; implementing investment projects; investment in the form of BCC contracts and other documents of investment and new types of economic organizations according to the Government’s regulations. Individuals can choose…
01
Oct
Oct
During his official visit to the United States, Prime Minister Pham Minh Chinh proposed to U.S. Treasury Secretary Janet Yellen to limit trade remedy measures on Vietnam’s major products, including textiles, footwear, wood products, and agricultural goods, based on the newly established comprehensive strategic partnership and the decades-long history of cooperation between the two nations….
02
Oct
Oct
Given the challenging economic situation in Vietnam, where major producers of Vietnam’s key goods face declining orders and union fee reductions, the government has proposed that the Vietnam General Confederation of Labor (VGCL) consider reducing union fees by 50%. This would mean a reduction from 2% to 1% of the mandatory fee, with an extended…
01
Oct
Oct
The Government has just issued Decree 70/2023/ND-CP amending and supplementing a number of articles of Decree 152/2020/ND-CP regulating foreign workers (employees) working in Vietnam and recruiting employ and managing Vietnamese workers working for foreign organizations and individuals in Vietnam. Amended regulations related to intra-enterprise movement Decree 70/2023/ND-CP has amended and supplemented the concepts of experts,…
01
Oct
Oct
In 2023, Vietnam has witnessed a significant step forward in the protection and promotion of copyright through the implementation of new regulations. These changes have been made to adapt to the rapid development of the digital economy and creative industries, providing new opportunities for creators and establishing an optimal legal environment to safeguard their works…
06
Oct
Oct
The Intellectual Property Law of Vietnam is an important legal framework that governs intellectual property rights in areas such as copyright, trademarks, and many other aspects related to creativity and innovation. In 2022, the Vietnam Intellectual Property Law underwent a series of notable amendments to adapt to the rapid development of technology and international integration,…
