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Editorial

Overview

A promising feature of the market is that the Vietnamese government has continued to push a legislative agenda aimed at increasing foreign investment. Recent measures include the implementation of new laws on enterprise and investment, the lifting of some restrictions on foreign ownership of residential properties and the ratification of the Trans-Pacific Partnership. These developments have triggered a surge in M&A activity as well as increased interest in the local real estate market from foreign investors, notably those from other Asian countries. IP and TMT lawyers have also benefited with more multinationals establishing businesses in Vietnam. In dispute resolution, the Vietnamese International Arbitration Center is gaining in credibility, leading to more cases being heard under its rules. One area of relative stagnation is banking and finance as the sector continues to recover from the financial crisis and liquidity issues faced by a number of Vietnamese banks in recent years.

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  • 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dated 26/4/2002 of the National Assembly Standing Committee (the "Ordinance"), which is conceived as outdated and containing certain provisions contravening the WTO’s regulation.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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