- 2011/12/28
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Vietnam: new law on protection of consumer's rights
Nguyen Anh Tuan - Managing Partner - Attorney at Law - Head Patent & Trademark Attorney
Published in www.legalbusinessonline.com in November 2011 by Tuan Nguyen, Partner at bizconsult law LLC.
On 17 November 2010 the Vietnam Parliament adopted Law No. 59/2010/QH12 on Protection of Consumer's Rights. As publicly announced by the State President on 30 November 2010, this new law will become effective as of 1 July 2011, replacing the existing 1999 Ordinance No. 13/1999/PL-UBTVQH10 on Protection of Consumer's Rights, which is deemed too simple and therefore does not work in practice. The new law provides particular legal stipulations on the rights and obligations of consumers; the responsibilities of traders to consumers and the responsibilities of social organisations in protection of the rights of consumers; disputes and settlement of disputes between consumers and traders; and the responsibilities of the State to protect the right of consumers.
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- 2011/12/26
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VIETNAM MARKET UPDATE 2010 - ASIAN COUNSEL
By bizconsult law LLC
In spite of the global financial crisis, 2010 has been another year of continuous growth for Vietnam's economy and the stability of its political system. It was an important year for implementing Vietnam's timetable of opening almost its business sectors to foreign investment by introducing the import-export tariff preferential program, and applying tax and other incentives to strategic sectors. Overall, Vietnam made remarkable progress towards achieving its goals of modernisation and industrialisation.
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download file(.pdf, 640.2kB)- 2011/11/03
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Investors' ownership cap in telecommunication service business in Vietnam
Nguyen Anh Tuan - Managing Partner - Attorney at Law - Head Patent & Trademark Attorney
Published in www.legalbusinessonline.com in November 2011 by Tuan Nguyen, Partner at bizconsult law LLC
The Law on Telecommunication (No. 41/2009/QH12) was adopted by Vietnam Parliament on November 23rd, 2009, effectively July 1st, 2010, to govern investment and business activities in telecommunication industry in Vietnam. The Law on Telecommunication replaced the Ordinance on Post and Telecommunication (No. 43/2002/PL-UBTVQH ). To guide the implementation of the Law on Telecommunication, the Government of Vietnam promulgated Decree 25/2011/ND-CP dated April 6th, 2011 ("Decree 25"), effectively June 1st, 2011.
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- 2011/09/20
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Cases banned from holding posts and concurrently holding different posts under new Law on Credit Institutions in Vietnam
Nguyen Anh Tuan - Managing Partner - Attorney at Law - Head Patent & Trademark Attorney
On 16 June 2010, Vietnam Parliament adopted the Law on Credit Institutions (No. 47/2010/QH12). The Law became effective as of 1 January 2011 and replaced the Law on Credit Institutions No. 02/1997/QH10 and Law No. 20/2004/QH11 on Amendment of Some Articles of the Law No. 02/1997/QH10. The Government of Vietnam and the State Bank of Vietnam (the central bank) are currently drafting the regulations for guiding the implementation of the new Law. It is expected that a Governmental Decree would be promulgated by the end of this year 2011.
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