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Legal news in June 2018 in Viet Nam

Intellectual property law New provisions of Decree 22/2018/ND-CP guiding the Law on Intellectual Property Copyright and related rights are an intellectual property protected in Vietnam under the Bern Convention to which Vietnam is a member; Law on Intellectual Property of 2005, amended and supplemented in 2009 (the "IP Law"); and subsidiary legislation guiding the IP Law. Previously, regulations on protection of copyright and related rights were detailed in Decree No. 100/2006/ND-CP dated 21 September 2006 ("Decree 100") and Decree No. 85/2011/ND-CP dated 20 September 2011 ("Decree 85"). However, after more than 10 years of implementation, some provisions of the IP Law need...

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Legal news in May 2018 in Viet Nam

1.Weapon trading for military enterprises since 1 July 2018 This is a remarkable point in Decree No. 79/2018/ND-CP dated 16 May 2018, detailing a number of articles and implementation measures of the Law on Management and Use of Weapons, Explosives and Support Tools (“Decree 79”). Accordingly, organizations and enterprises of the Ministry of National Defence or the Ministry of Public Security are entitled to trade weapons if the following conditions are fully met: (a) The plans or missions of weapon trading assigned by the Minister of National Defence or the Minister of Public Security; (b) The conditions on security, social order, fire prevention...

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Legal news in March 2018 in Viet Nam

1.New circular on the network of credit institutions being cooperatives On 30 March 2018, the State Bank of Vietnam issued Circular No.09/2018/TT-NHNN, providing for the network of credit institutions being cooperatives. Accordingly, the operation network of the people's credit fund  includes transaction offices; The cooperative bank's operation network includes branches, transaction offices, representative offices, non-business professional units in Vietnam and representative offices in foreign countries. Each province has only one cooperative bank branch. A cooperative bank is entitled to establish not more than 5 branches per year. One branch does not manage more than 3 transaction offices. For a people's credit fund, a...

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Legal news in November 2017 in Viet Nam

1.Number of documents no longer required for business registration dossier On 27 December 2017, the Government issued Resolution No. 136/NQ-CP, on simplifying administrative procedures and civil papers related to population management within the scope of State management functions of the Ministry of Planning and Investment, which shall take effect on 27 December 2017. Accordingly, the previously required document "Copy of citizen citizen’s identification card, identity card, passport or other lawful certification documents" is no longer needed to carry out the following procedures: (a) Registration of establishment of a sole proprietorship; (b) Registration of establishment of a partnership; (c) Registration of establishment of limited liability...

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