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Editorial

Overview

Amendments to Vietnam’s enterprise and investment laws, approved by the National Assembly in late 2014 and effective from 1 July 2015, have generated considerable optimism in the market. It is expected that these changes will simplify the procedure for international companies to invest in Vietnam and both facilitate and encourage more M&A. This, combined with Vietnam’s political stability, as well as ongoing talks on signing both the Trans Pacific Partnership (TPP) and a free trade agreement with the EU, should significantly improve Vietnam’s economic prospects.

It would appear then to be a felicitous time for Hogan Lovells International LLP to have increased its focus on the Vietnamese market; as part of its significant investment across Southeast Asia over the past 18 months, Hogan Lovells International LLP has made several key hires. Corporate specialist Jeff Olson, formerly with Allen & Overy LLP, joined as the firm’s first full-time partner in Vietnam in over a decade in October 2014; the firm then wasted little time in adding to its partnership with the arrival of the highly regarded Samantha Campbell, who joined as managing partner, from Gide Loyrette Nouel A.A.R.P.I. in early 2015. In other developments, ZICOlaw (Vietnam) Ltd launched its second office in Vietnam in July 2014; the new office is headed by Phuong Nguyen, who joined from Mayer Brown JSM. Freshfields Bruckhaus Deringer bolstered its projects practice with the recruitment of infrastructure specialist Don Stokes, who has relocated to Ho Chi Minh City from the firm’s Tokyo office. Stokes’ presence in Vietnam reinforces the country’s potential as a gateway into neighbouring countries for infrastructure projects.

 

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Legal Developments in Vietnam

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Law On Price by Dr. Nguyen Anh Tuan, LNT & Partners

    On 6/20/2012, the National Assembly voted to adopt the Law on Price (the "LOP") in response to the public demand for an effective legal framework to control price manipulation from dominant enterprises such as gasoline, electricity, etc. The law will take effect from 01/01/2013 and repeal Ordinance No. 40/2002/PL-UBTVQH10 dated 26/4/2002 of the National Assembly Standing Committee (the "Ordinance"), which is conceived as outdated and containing certain provisions contravening the WTO’s regulation. This article describes the main features of the law and provides some insight into its potential impacts on the Vietnamese economy.

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