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EXCHANGE RATE |
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| UNIT | VND |
| AUD | 12.263,39 |
| CAD | 13.219,53 |
| CHF | 13.699,46 |
| EUR | 20.789,51 |
| GBP | 29.635,18 |
| HKD | 2.016,02 |
| JPY | 151,69 |
| SGD | 9.540,74 |
| THB | 391,33 |
| USD | 15.772,00 |
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LuatViet extends its international network to the UK |
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Recently, founder and managing partner of LuatViet, Tran Duy Canh, along with partners Huck Thanh Nguyen and Nguyen Phuong Trinh, met with Virginie Sintrat, of the UK law firm Harvey Ingram LLP, to discuss exciting opportunities that the two firms may embark on in the near future. |
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Enterprises begin issuing corporate bonds |
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 Small and medium-sized enterprises in Viet Nam have been allowed to mobilise capital from investors by issuing corporate bonds in accordance with Decree 52, effective since July1, |
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Law eases foreign ownership limits |
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 Many foreign investors are keen to purchase stakes in existing domestic companies to establish a presence in the Vietnamese market, an option made even easier now that the new Investment Law has taken effect.
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Franchise agreements over-regulated by new decree |
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 In the process of economic integration, the granting of franchise by international companies to local operators in Viet Nam is a key issue. Franchise agreements are a significant pathway for technology transfers and for licensing of trade names, industrial processes, proprietary software, and other valuable intellectual property to Vietnamese users.
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| Decree lightens current transaction, forex rules |
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The new Ordinance on Foreign Exchange took effect on June 1, updating Viet Nam’s foreign exchange controls to embrace core IMF principles, completing one more step in Viet Nam’s efforts to join the World Trade Organisation.
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| Should foreign firms re-register under new law? |
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 The uniform Enterprise Law and common Investment Law take effect on July 1 and will significantly change the business environment in Viet Nam. They replace the Law on Foreign Investment (LFI) which currently regulates the licensing and operation of foreign investment.
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| Draft decree on security transactions |
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The Ministry of Justice is working on a draft decree on security transactions to replace Government Decree No. 165/1999/ND-CP of November 11, 1999, and other legal provisions on security transactions and registration of security transactions.
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| Competition law, IP regulations overlap |
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In enacting the Law on Competition in 2004, Viet Nam showed not only its determination to integrate into the international economy but also expressed the attitude of the State toward the need to protect the legitimate interests of businesses in operation.
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| Whither tax incentives after WTO accession? |
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With the conclusion of bilateral negotiations with the US, Viet Nam has now finalized 28 such agreements with various trading partners as needed for membership in the World Trade Organization (WTO). The nation is on track to ac
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| Higher cap needed on foreign stakes in domestic banks |
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Prices of shares in many domestic joint stock banks have increased dramatically in recent months, largely on the speculation that foreign investors will soon be able to buy larger stakes in Vietnamese financial institutions.
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| Regulations hinder technology transfers |
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Business experience proves that buying advanced technologies is a good way to quickly produce more competitive products and render higher quality services. It’s a fast way to increase the competitiveness of domestic enterprises and the country as a whole.
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| Vietnam legislators debate protection for workers going abroad |
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The Vietnamese National Assembly discussed Monday a bill on sending workers abroad, with focus on labor agencies’ responsibilities and measures to protect Vietnamese guest workers.
Many deputies said the bill contained unnecessary regulations on managing labor agencies.
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| Real estate law governs brokers, appraisers |
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The National Assembly passed the Law on the Real Estate Business on June 21. Under the law, to take effect on January 1, 2007, individuals, organisations, foreigners and overseas Vietnamese will be authorised to offer real estate services including brokerage and agency, appraisal, marketing, and consultancy.
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| Four new laws made public |
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The Presidential Office on July 21 made public the Social Insurance Law, the Vietnam Civil Aviation Law, the Information Technology Law, and the Law on Standardization and Technical Specifications, approved by the National Assembly on June 29, 2006.
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| WTO is no easy walk in the park |
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Having recently finished the final round of WTO negotiations with the U.S., Vietnam is considered to have a ticket to WTO entry.
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