tag:blogger.com,1999:blog-24317674715109860362024-03-13T08:47:02.284-07:00Work permit in Vietnamabchttp://www.blogger.com/profile/11799091949441342664noreply@blogger.comBlogger330125tag:blogger.com,1999:blog-2431767471510986036.post-29051676997285999012019-02-26T20:01:00.000-08:002019-02-26T20:01:11.091-08:00Requirements for establishment of foreign-invested vocational colleges<div style="text-align: justify;">
This is the highlight of the Decree No. 15/2019/ND-CP elaborating on certain articles of and measures to implement the Law on Vocational Education.</div>
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Pursuant to the Decree, application requirements for establishment of foreign-invested vocational colleges in Vietnam are specified in Article 9 in the Decree, including the specific regulations as follows:</div>
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- Put forward proposals for establishment in line with the planning scheme for development of the Vietnamese network of vocational education institutions; </div>
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- Have already been <a href="http://www.antlawyers.vn/legal-service/granting-investment-registration-certificate-in-vietnam.html">granted investment registration certificates</a> (in case where regulatory procedures for grant of such certificates are required); </div>
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- Keep sites available for construction of facilities provided that each site intended for construction of urban zones and non-urban zones needs to cover the minimum area of 20,000 m2 and 40,000 m2, respectively;</div>
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- Total investment funded by legitimate capital must be at least 100 billion dong (exclusive of value of real property);</div>
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- Have recommended organization structures; facilities and equipment; curriculum and syllabus; staff of teachers and administrators meeting requirements for registration of vocational education in accordance with regulations in force; so on.</div>
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-Thuvienphapluatvn-</div>
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How ANT Lawyers Could Help Your Business?</div>
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Please click to learn more about <a href="https://www.antlawyers.vn/library/foreign-investment-in-education-sector-in-vietnam.html">Education Service Law Firm in Vietnam</a> or contact our lawyers in Vietnam for advice via email ant@antlawyers.vn or call our office at +84 28 730 86 529</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-59528693447439181252019-02-24T18:32:00.000-08:002019-02-24T18:32:44.832-08:00Incorporation of CPTPP Agreement Relating to Origin Rules into Vietnam Laws<div style="text-align: justify;">
The CPTPP Agreement took effect in Vietnam as of January 14th, 2019 including 11 founding countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, New Zealand, Peru and Vietnam. On January 22nd, 2019, the Vietnam Ministry of Industry and Trade issued Circular No. 03/2019/TT-BCT (Circular 03) regulating rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to incorporate and implement the commitments of CPTPP. These rules are important for investors whom are transitioning their factories and manufacturing sites from neighboring counties to Vietnam and <a href="http://www.antlawyers.vn/legal-service/setting-up-company-in-vietnam.html">set up company</a> to obtain the certificate of origin from Vietnam. However, the understanding of regulations of the circular and relating laws requires the consultation of <a href="https://www.antlawyers.vn/library/international-trade-in-goods-and-services-in-vietnam.html">international trade lawyers in Vietnam</a> for application in particular cases.</div>
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Goods are treated as an originating goods if meeting the following requirements:</div>
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-Wholly obtained or produced entirely in the territory of one or more of the Member States;</div>
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-Produced entirely from materials originating in the territory of one or more of the Member States; or</div>
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-Produced entirely in the territory of one or more of the Member States using non-originating materials provided that the goods satisfy all applicable requirements of Annex I attached to the Circular 03.</div>
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Moreover, CPTPP Agreement stipulates the origin rule for the Remanufactured Good and Sets of Goods, regulated in Article 7 and Article 20 of Circular 03 respectively.</div>
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-Regarding the Sets of Goods, the set is treated as originating if the value of all the non-originating goods in the set does not exceed 10% of the value of the set.</div>
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-Regarding the Remanufactured Good, Remanufactured Good are committed to treat as new goods at the same type. CPTPP also has very flexible rules regarding rules of origin for these Good: a recovered material derived in the territory of one or more of the Member States is treated as originating when it is used in the production of, and incorporated into, a Remanufactured Good.</div>
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Both CPTPP Agreement and Circular 03 (Article 14) also provide De Minimis regulations, which means that a goods that contains non-originating materials that do not satisfy the applicable change in tariff classification requirement for the good is nonetheless an originating good if the value of all those materials does not exceed 10% of the value of the goods.</div>
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In addition to Build-up Method and Build-down Method for calculating Regional Value Content (RVC) based on the value of originating and non-originating materials respectively, CPTPP also stipules Focused Value Method based on the value of specified non- originating materials and Net Cost Method for automotive goods only.</div>
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Relating to C/O granting, Vietnam shall use the mechanism of certification by competent authority for goods exported to other Member States. The time for implement the mechanism of self-certification of goods origin by exporters is carried out from 5 to 10 years under the guidance of the Ministry of Industry and Trade. The mechanism of Vietnamese importers self-certifying their origin is implemented after 5 years from the effective date of CPTPP. The procedures of certification and inspection of goods origin shall comply with the provisions of Decree No. 31/2018/ND-CP dated on March 8th, 2018 of the Government detailing the Law on Foreign Trade Management on goods origin and other related documents.</div>
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Lawyers at <a href="https://www.antlawyers.vn/area-of-expertise/international-trade-and-taxes">International Trade and Taxes</a> practice of ANT Lawyers always follow the changes in law to update client for decision making process in investing and optimizing operations in Vietnam.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-57138612666077809842019-02-20T19:25:00.001-08:002019-02-20T19:25:08.877-08:00Requirements concerning submission of notarized or certified true copies of several administrative formalities are about to take effect<div class="separator" style="clear: both; text-align: center;">
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On January 30, 2019, the Government promulgated the Decree No. 11/2019/ND-CP (in force from March 15, 2019) amending Decrees prescribing administrative formalities regarding requirements for submission of notarized or certified true copies of documents under the management of the Ministry of Culture, Sports and Tourism.</div>
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The Decree prescribes that persons implementing administrative procedures must submit certified true copies or must submit duplicate copies and present original copies for verification purposes if they wish to submit their documents in person; must submit certified true copies if they wish to submit documents by post, including:</div>
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- <a href="https://www.antlawyers.vn/library/how-to-obtain-business-registration-certificate-in-vietnam.html">Enterprise registration certificates</a> included in the application package for grant of dance hall licenses or karaoke licenses.</div>
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- Sample contract for use of artistic works or sample authorization letter of the art work owner included in the application package for permits for duplication of fine art works related to cultural famous persons, national heroes or father-figures. </div>
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- <a href="http://www.antlawyers.vn/legal-service/establishment-representative-office.html">Representative office establishment license</a> included in the application package for amendments or modifications to a representative office establishment license.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-68967918001725055392019-02-18T19:46:00.001-08:002019-02-18T19:46:48.921-08:00M&A makes up majority of foreign capital inflows<div style="text-align: justify;">
HCMC - Some US$6 billion out of US$7.63 billion in foreign investment capital pledged to HCMC last year came from capital contributions, share acquisitions and purchases of stakes from domestic businesses.</div>
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HCMC vice chairman Le Thanh Liem said at a conference in Binh Duong Province on February 14 that the pledged investment capital from foreign investors for HCMC last year picked up by 15.59% against the previous year. Of these, there were 1,060 new projects, with total registered capital of US$811.68 million, and 244 projects with additional capital of over US$835 million.</div>
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Last year also saw 3,283 cases in which foreign investors received approval to contribute capital, buy shares and contribute capital to domestic firms, with registered capital totalling US$5.99 billion.</div>
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With these results, HCMC received around 60% of foreign capital.</div>
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According to Liem, the 2014 investment law has provided a favorable legal corridor for foreign investors to proceed with <a href="http://www.antlawyers.vn/area-of-expertise/mergers-and-acquisitions">mergers and acquisitions</a> (M&As).</div>
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There have been continuous increases in the number and value of these investments, with only US$1.5 billion received in 2016, US$3.68 billion in 2017 and almost US$6 billion last year.</div>
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Liem noted that registered capital through M&As in HCMC had so far reached US$10 billion, 22% of the total foreign capital the city has attracted since 1988.</div>
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Also, in HCMC private investments are overwhelming <a href="http://www.antlawyers.vn/area-of-expertise/foreign-investment">foreign investments</a>. Liem pointed out that the amounts of private capital and foreign direct investment (FDI) capital were almost the same, 29% and 29.5% in 2000, but 68.1% and 15.6% in 2015.</div>
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Regarding absolute values, private investments in the city have risen 33-fold, from VND7.4 trillion to VND250 trillion, whereas FDI capital has soared by 7.45 times, from VND7.6 trillion to VND56 trillion.</div>
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As shared by Liem, in the past, FDI businesses tended to dominate major property projects, which required heavy investment and advanced construction technology, but local businesses are now able to compete and even buy some projects owned by FDI firms.</div>
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On a national scale, Liem said that many economic groups have grown rapidly, dominated the markets and competed with FDI firms in areas where Vietnam is often weaker such as telecoms, automobile manufacturing and electronics manufacturing.</div>
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This, according to Liem, has confirmed the position and role of domestic firms in the new age.</div>
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However, Liem raised the issue of whether FDI attraction policies are no longer able to maintain their effectiveness as they once did.</div>
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He also highlighted the need to build a separate policy to attract special partners. “We have attracted many large investors to Vietnam, but what we have not been able to do is get multinational companies to base their headquarters or research and development wings in Vietnam.”</div>
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This is partly due to the fact that Vietnam’s investment environment is not ripe enough to be appealing and the country has yet to impose drastic measures to attract special partners, Liem added.</div>
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Last month, the Ministry of Planning and Investment coordinated with the Government Office; relevant ministries and agencies; and the governments of Haiphong, Bac Ninh and Hanoi to organize meetings on foreign investment attraction. These meetings, chaired by Deputy Prime Minister Vuong Dinh Hue, were intended to gather the opinions and proposals of local governments on foreign investment policies.</div>
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The meeting in Binh Duong on February 14 was attended by more than 650 representatives of the Central Economic Commission, ministries and agencies, governments of southern localities and authorities of economic zones, industrial parks, associations and investment organizations.</div>
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-TheSaigontime-</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-58272060585051735952019-02-13T23:32:00.001-08:002019-02-13T23:32:32.653-08:00Danang to call on investment in hi-tech, real estate after Tet<div class="separator" style="clear: both; text-align: center;">
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DANANG – The central coastal city of Danang plans to call for investment in 44 projects mostly in the fields of <a href="https://www.antlawyers.vn/library/preferential-policies-when-investing-in-danang-hi-tech-park.html">hi-tech and real estate</a> after the Tet holiday, with each of them needing US$30,000 to US$400 million, according to a representative of the Danang Investment Promotion Agency.</div>
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Half of the 44 projects are in the information-technology and hi-tech sectors and will be executed in Danang Hi-Tech Park.</div>
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The city is seeking investors for a <a href="http://www.antlawyers.vn/library/vietnam-encourages-investment-in-solar-power.html">solar energy</a> project which needs US$150 million to US$400 million, and a US$200-million project to manufacture semiconductor materials for electronic parts and circuits. A 60-hectare urban area project and Truoc Dong Lake ecological zone covering 100 hectares of land are also in need of investment capital.</div>
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Apart from that, the city plans to resume work on the delayed projects that have yet to be licensed for investment, including a No.2 software park project covering over 50 hectares. Singapore's firm Sembcorp proposed injecting over US$90 million into the project long ago, but it has been awaiting word from the ministries of Foreign Affairs, Public Security, and National Defense as it is located in a maritime boundary area.</div>
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Meanwhile, Matrix Holdings Limited from Hong Kong wants to build a racetrack and horse training and multiplication center in the city, with total capital of US$200 million. An appropriate site is still being sought for it.</div>
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Further, Danang will prioritize foreign direct investment in digital, biotechnology, hi-tech agricultural projects, meaning that projects that apply outdated technologies and harm the environment will not be accepted. Investors from Japan, South Korea and Europe are preferred.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-60554274229444904272019-02-11T18:50:00.001-08:002019-02-11T18:50:15.788-08:00Multimodal Transport Business Regulations in Vietnam<div style="text-align: justify;">
On October 16th, 2018, Vietnam Government issued Decree No. 144/2018/ND-CP amending, supplementing the decrees on multimodal transport. Under the law of Vietnam, multimodal transport (“MT”) is the transportation of goods performed with at least two different modes of transport under the multimodal transport contract from an original place to a place designated for delivery, the carrier is liable for the entire carriage. MT business includes: International multimodal transport (“IMT”) and Domestic multimodal transport (“DMT”).</div>
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The new decree eliminates and simplifies regulations on IMT business conditions and abolishes DMT business as a <a href="http://www.antlawyers.vn/library/conditional-business-lines-under-law-on-investment-in-vietnam.html">conditional business line</a>. In fact, DMT including many transportations such as transport by sea, air,… is governed by specialized laws on each transport, hence it is not necessary to stipulate additional business conditions when conducting the combined transport.</div>
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Regarding the conditions of IMT business, the new Decree no longer differentiates between domestic and foreign enterprises as in the past, all enterprises therefore must meet the followings:</div>
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(1) Maintaining a minimum amount of assets equivalent to SDR 80,000 or provide an equivalent guarantee or an alternative of financial character as regulated by laws;</div>
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(2) Having a liability insurance policy for multimodal transport operator or an equivalent guarantee.</div>
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In addition, in order to facilitate member state of the ASEAN Framework Agreement on Multimodal Transport or another international treaty on multimodal transport to which Vietnam is a signatory, new regulations are stipulated as follows:</div>
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(1) Having a registration certificate of international multimodal transport or another document of equivalent validity issued by the competent national body of its country;</div>
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(2) Having a liability insurance policy for multimodal transport operator or an equivalent guarantee.</div>
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The licenses to provide international multimodal transport service issued by competent authorities of Vietnam before the date of entry into force of this Decree are still valid until their expiration dates.</div>
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With the role of supporting trading activities, modern transports need to meet the increasingly complex requirements of the domestic and international transport market, which not only deliver goods but also connect the transport process into an uninterrupted transport chain to ensure a faster and safer transport process.</div>
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Transport lawyers at ANT Lawyers, the <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> have always following up the legal development on transportation to provide our clients with regular update on the matters.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-50857311547847719722019-01-30T19:13:00.000-08:002019-01-30T19:13:54.461-08:00Foreign investment in Vietnam surges<div style="text-align: justify;">
HCMC - New <a href="http://www.antlawyers.vn/area-of-expertise/foreign-investment">foreign investment</a> approvals in Vietnam during the year to January 20 reached US$1.9 billion, rocketing by 51.9% year-on-year, according to the latest report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.</div>
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As of January 20, up to 226 new projects obtained <a href="http://www.antlawyers.vn/legal-service/granting-investment-registration-certificate-in-vietnam.html">investment certificates</a>, with total registered capital of some US$805 million, surging by 81.9% year-on-year. In addition, 72 foreign-invested projects won approval to inject an additional US$340.2 million, equal to 74.5% of the figure in the same period last year.</div>
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In addition, foreign investors acquired local company shares worth US$761.8 million in 489 transactions, surging 114% over the year-ago period.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDEI6KiEv3_EbqfSGPtJkJxE7vF7PmXyUWL5iIvYsQUwHOJ8IAIHzu5r4cQANa3jE4gFtHJJ6ZWGQg1YEFavnqvzhcWgBcFnXF_yyshBYyY-2-WwawFMtI6-dQgRwfLOhlbFTg8PKuS7I/s1600/11.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="350" data-original-width="600" height="372" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDEI6KiEv3_EbqfSGPtJkJxE7vF7PmXyUWL5iIvYsQUwHOJ8IAIHzu5r4cQANa3jE4gFtHJJ6ZWGQg1YEFavnqvzhcWgBcFnXF_yyshBYyY-2-WwawFMtI6-dQgRwfLOhlbFTg8PKuS7I/s640/11.jpg" width="640" /></a></div>
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According to the Foreign Investment Agency, foreign investors injected capital into 18 sectors, of which the manufacturing and processing sector was the most attractive, receiving a total of US$1.19 billion, making up 62.4% of the fresh capital.</div>
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The science and technology sector came in second, with US$185.8 million, followed by the <a href="http://www.antlawyers.vn/area-of-expertise/real-estate-and-construction">real estate sector</a>, with US$179.1 million.</div>
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Japan remained Vietnam’s largest investor this month, with US$364 million, accounting for 19% of the total. South Korea ranked second, with US$349.1 million, and the third largest investor was China, with US$307.8 million.</div>
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-Thesaigontime-</div>
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ANT Lawyers is a Vietnamese <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> with English speaking lawyers whom understand the laws of Vietnam within the business and the local culture context.</div>
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The firm has been advising and representing foreign companies and individual clients interested in either doing business, or needing legal services or representation in Vietnam who are seeking reasonable and competitive solutions without compromising on service quality.</div>
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For advice or service request, please contact us via email ant@antlawyers.vn, or call +84 28 730 86 529.</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-46326744612576411012019-01-27T20:01:00.001-08:002019-01-27T20:01:45.719-08:00<div style="text-align: justify;">
Vietnam needs to create an enabling environment for private players to drive the next wave of energy investments, the World Bank said.</div>
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In the report titled "Maximizing Finance for Development in Vietnam’s energy sector" issued Monday, the bank called for a new approach to financing electricity and gas investments to fit the country’s changing macroeconomic and sectoral contexts.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs0KulzTA0e3ksCa51G3_z3zhKYa2bqtTRy78vZshShHKUpewnv5qanwSI27O7bv9QWBBm8Vbb5ODNKaO_iFbXJuPuf-89HkJUXP7ngIcLGgQiAjfDRd_tjw5Tjji2DEWn4BaGxwgw6go/s1600/7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs0KulzTA0e3ksCa51G3_z3zhKYa2bqtTRy78vZshShHKUpewnv5qanwSI27O7bv9QWBBm8Vbb5ODNKaO_iFbXJuPuf-89HkJUXP7ngIcLGgQiAjfDRd_tjw5Tjji2DEWn4BaGxwgw6go/s640/7.jpg" width="640" /></a></div>
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"Given the limited fiscal space (official developmental assistance capital) and the reduction of concessional financing available going forward (due to Vietnam’s recent middle-income status), it will be important for Vietnam to step up mobilizing alternative capital resources for the electricity and gas sectors," Ousmane Dione, the bank’s country director for Vietnam, said .</div>
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The Government should comprehensively address the constraints currently impeding the flows of domestic and cross-border private capital into two of the most strategic segments of the Vietnamese economy, electricity and gas, he added.</div>
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Franz Gerner, the World Bank’s lead energy economist, said: "We observe a large interest from private investors to participate in the vast growing energy market in Vietnam, especially in renewables and LNG development."</div>
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"They are willing to invest as long as the projects are well-structured and bankable," he said. "What investors need is a transparent and stable regulatory environment which incorporates a proper risk-sharing mechanism among all parties."</div>
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Vietnam’s electricity sector would require on average $10 billion annually frontloaded through 2030, higher than the average of $8 billion in 2011–15, according to the bank.</div>
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The envisaged expansion of the gas sector requires total investment of around $20 billion between 2015 and 2035.</div>
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How ANT Lawyers Could Help Your Business?</div>
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Please click to learn more about <a href="http://www.antlawyers.vn/library/energy-resources.html">Energy Law Firm in Vietnam</a> or contact our lawyers in Vietnam for advice via email ant@antlawyers.vn or call our office at +84 28 730 86 529 </div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-15501263781487991462019-01-23T19:03:00.001-08:002019-01-23T19:03:12.991-08:00Meeting with Victor Schachter on Jan 18th, 2019 on Development of Mediation & ADR in Vietnam<div style="text-align: justify;">
On January 18th, 2019, ANT Lawyers’ representatives Mr. Tuan Nguyen, and Ms. Thuy Do received Mr. Victor Schachter – the Founder and the President of The Foundation for Sustainable Rule of Law Initiatives (FSRI) at ANT Office Building, A9 Xuan Phuong Garden, Tran Huu Duc Street, Nam Tu Liem District, Hanoi. FSRI is a non-governmental organization which provides training, education and counseling to a range of legal providers in developing countries, including courts, judges, lawyers and mediators, with the goal of building sustainable mediation programs which achieve timely, fair and peaceful resolution of disputes.</div>
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At the meeting, Mr. Schachter emphasized the importance of mediation: “More and more big companies have been using mediation to win-win solution, they don’t want to destroy their relationship to resolve their problems”, which has been seriously taken note by Mr. Nguyen.</div>
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On the occasion of Mr Schachter’s visit, he has been informed by Mr Nguyen about the newly set up mediation center in Vietnam, the Vietnam Effective Commercial Mediation Center (VEMC) which license has been granted by Ministry of Justice in 2018. Mr Schachter spent time to visit the mediation facility including the training room, mediation rooms for joint meeting and private meeting and suggested some modifications according to his experience from the US’s mediation practice. VEMC will operate under the Decree No. 22/2017/ND-CP dated on February 24th, 2017 of the Government on Trade Mediation. This is the fifth mediation center of Vietnam established and operated since the Decree No. 22/2017/ND-CP officially took effect.</div>
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Since 2012, Mr Tuan Nguyen has been made aware of mediation and its benefits. He has been attending many training since and most recently been accredited by CEDR and Ministry of Justice as mediator.</div>
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Recognizing the rise in number and complexity in commercial dispute, the 2015 Civil Procedure Code has a new chapter on recognizing mediation. In February 2017, the Government issued Decree 22/2017/ND-CP officially legalizing commercial mediation. In addition, the Vietnam Government also has been focusing on developing mediation as alternative dispute resolution by piloting court-annexed mediation centers in Hai Phong and expanding to Hanoi, Ho Chi Minh City, Da Nang, Bac Ninh, Khanh Hoa, Long An. The results and experience of the project will be an important basis for developing and promulgating the Law on Mediation and Dialogue at the Court. A written record of successful mediation results shall be recognized and enforced in accordance with the civil procedure law. This is an advantage of mediation activity in Vietnam to encourage parties to participate in <a href="http://www.antlawyers.vn/legal-service/dispute-settlement-in-international-trade.html">resolving trade disputes by mediation</a>.</div>
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End the end of the meeting, both Mr Schachter and Mr Nguyen promised to continue working on initiative to promote <a href="https://www.antlawyers.vn/area-of-expertise/dispute-resolution/mediation-adr">mediation and ADR service in Vietnam</a> through training, conferences and technical assistance.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-37182580273132642952019-01-21T19:04:00.001-08:002019-01-21T19:04:46.580-08:00Lots of regulations on management of medical equipment are supplemented<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtomNIeIHGnJQY52tJoEFQ0nAj9JTANAlHkGi4OU0me2hsCjn7EAQIrmw8CXdvoIXQKoqunzgFqBCRpi_ciFj7rHZEXZHEeO2Us74e8isWo-GgSWwDS2xSUl6YP2tgTAtHI-Ayde2pXbo/s1600/6.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtomNIeIHGnJQY52tJoEFQ0nAj9JTANAlHkGi4OU0me2hsCjn7EAQIrmw8CXdvoIXQKoqunzgFqBCRpi_ciFj7rHZEXZHEeO2Us74e8isWo-GgSWwDS2xSUl6YP2tgTAtHI-Ayde2pXbo/s640/6.png" width="640" /></a></div>
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This is the noticeable contents of the Decree No. 169/2018/ND-CP amending and supplementing the Decree No. 36/2016/ND-CP on management of medical equipment.</div>
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The Decree provides supplements to a lot of regulations on management of medical equipment as follows:</div>
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- All certificates of completion of training in classification of medical equipment which were granted before December 31, 2018 are valid for 3 years since the signature date;</div>
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- Holders of marketing authorization numbers of marketing authorization certificates must review results of classification of medical equipment and report to the Ministry of Health prior to July 1, 2019;</div>
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- ASEAN Common Submission Dossier Template takes effect from July 1, 2020.</div>
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In addition, the Decree adds regulations that stipulate the quick issue of new marketing authorization numbers for medical equipment in the following cases:</div>
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- Medical equipment has been granted marketing authorization in at least 02 countries including: Japan, Canada, Australia, United States and other EU states;</div>
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- Medical equipment must be granted marketing authorization ahead of December 31, 2018 and must meet the following requirements:</div>
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+ Medical equipment has been circulated for at least 03 years within the validity period of 05 years till the date of submission;</div>
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+ There is none of warnings about quality and safety of such medical equipment.</div>
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For more details, see the Decree No. 169/2018/ND-CP in force from December 31, 2018.</div>
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-thuvienphapluatvn-</div>
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Please click to learn more about <a href="https://www.antlawyers.vn/library/trading-conditions-on-medical-device-in-viet-nam.html">Medical Device Law Firm in Vietnam</a> or contact our lawyers in Vietnam for advice via email ant@antlawyers.vn or call our office at +84 28 730 86 529</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-5112975512704568662019-01-16T20:17:00.001-08:002019-01-16T20:17:00.761-08:00Decision No. 33/QD-BCT of anti-dumping investigation for some products of aluminum, alloy or non-alloy originated from China (AD05).<div style="text-align: justify;">
On Jan 10th, 2019, Trade Remedies authority of Vietnam (Ministry of Industry and Trade) has promulgated Decision No. 33/QD-BCT on investigation into imposition of <a href="https://www.antlawyers.vn/legal-service/anti-dumping-measures-under-vietnam-laws.html">anti-dumping measures</a> for some products of aluminum, alloy or non-alloy which are in bar, stick and shape form originated from China (Case number AD05).</div>
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Summary of the case:</div>
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The requesting party is four (04) shaped aluminum manufacturers representing the domestic industry, including AUSTDOOR ALUMINUM JOINT STOCK COMPANY, TUNG YANG COMPANY LIMITED, SONG HONG ALUMINUM JOINT STOCK COMPANY (SHALUMI) and MIENHUA GROUP JOINT STOCK COMPANY. </div>
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Scope of investigation:</div>
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The imported products are alleged of dumping are some products of aluminum, alloy or non-alloy which are in bar, stick and shape form, with the HS codes of: 7604.10.10; 7604.10.90; 7604.21.90; 7604.29.10; 7604.29.90 from China. The investigating period to determine dumping behaviour is from Jan 1st to Dec 31st, 2018. The investigating period to determine the damages of the domestic manufacturing industry is from Jan 1st, 2015 to Dec 31st, 2018.</div>
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The alleged dumping margin:</div>
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Imported products from China subject to anti-dumping measures imposition investigation are alleged with specified dumping margins rate of 35,58%.</div>
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Damages and causal relation</div>
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The products alleged of dumping are considered the main cause of significant losses in the domestic manufacturing industry, reflected in the decline in the indexes such as utilization capacity, inventory, profit, and dynamic price, price pressure…</div>
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Registration for interested party</div>
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According to regulation of Article 74 of the current Law on Foreign Trade Management of Vietnam, Interested parties include:</div>
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-Overseas organizations and individuals that produce and export products under consideration to Vietnam;</div>
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-Importers of products under consideration;</div>
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-Foreign associations whose majority of members are organizations and individuals producing and exporting products under consideration;</div>
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-The Government and competent authorities of the exporting country of product under consideration;</div>
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-Organizations and individuals that submit the application for the trade remedies;</div>
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-Domestic producers of like products;</div>
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-Domestic associations whose majority of members are producers of like products;</div>
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-Other organizations and individuals that obtain legal rights and interests related to the investigated cases or facilitate the investigation or representative organizations of protection of customer rights.</div>
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As such, an organization or individual shall register and be approved by the investigating authority to become an interested party.</div>
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The organizations, individuals can register to be recorded as the related parties in this case with the Investigation Authority by the way sending the application according to the application form for the related party provided in Appendix No. 1 attached the Circular No.06/2018/TT-BCT. Deadline for registration of the interested party is before 5p.m on Feb 28th, 2019.</div>
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The investigation questionnaire</div>
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Within 15 days after the issuance of the investigation decision of the Minister of Industry and Trade, the investigating authority shall send the investigation questionnaire to the following subjects:</div>
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-Producers of similar domestic goods;</div>
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-Foreign producers and exporters exporting goods subject to anti-dumping and countervailing investigation into Vietnam which the investigating authority knows;</div>
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-The representative in Vietnam of the government of the country producing and exporting goods subject to anti-dumping and countervailing investigations;</div>
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-Importers of goods subject to anti-dumping and countervailing investigations;</div>
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-Other related parties.</div>
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Within 30 days after receiving the investigation questionnaires, the interested parties must provide written replies to all questions in the questionnaire. In case of necessity or there are written requests for extension with reasonable reasons from the interested parties, the investigating authority may extend the time limit but not more than 30 days.</div>
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Please be informed that the time limit for the anti-dumping measures imposition investigation shall be within 12 months from the day on which the decision on investigation is issued, with a possible extension up to 6 months if necessary. Interested parties could authorise <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> with international trade and anti-dumping specialization to respond to authorities in Vietnam.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-35079144959203462782019-01-14T22:58:00.001-08:002019-01-14T22:58:49.129-08:00Important Matters on Intellectual Properties Rights Registration in Vietnam<div style="text-align: justify;">
In the process of development of global business, the growth of multinational corporations or business will help individuals and companies to bring their products to the world. In addition to bringing their products to customers, the protection of intellectual property rights for products created is extremely important and necessary. We would like to highlight important matters when registering for <a href="http://www.antlawyers.vn/library/intellectual-property-law/protecting-intellectual-property-rights-abroad-for-vietnam-enterprises.html">intellectual property rights protection in Vietnam</a>.</div>
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First, in order to be able to register for protection of intellectual property rights, the protected product must meet all conditions to be protected under the provisions of the Intellectual Property Law of Vietnam.</div>
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After meeting all of conditions for protection of intellectual property rights, the owner should pay attention to the procedures for registering intellectual property rights. According to the Intellectual Property Law 2005, the time of intellectual property rights to copyright is when products are created and expressed in a certain material form without needing to register. However, <a href="https://www.antlawyers.vn/legal-service/industrial-design-registration.html">industrial property rights for inventions</a>, industrial designs, layout designs, trademarks, geographical indications are established on the basis of a decision to grant protection titles by competent state agencies rights under the registration procedures prescribed in the Intellectual Property Law or recognition of international registration under the provisions of international treaties to which the Socialist Republic of Vietnam is a member; for well-known trademarks, ownership is established on the basis of use, regardless of the registration procedure. Therefore, in order to be able to establish their intellectual property rights for products created, the owner needs to register for product protection in accordance with regulations, the order given by the Law on Intellectual Property in Vietnam.</div>
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In addition to the prescribed registration procedures, the owner should pay attention to the time of filing the application for protection, and it is suggested to submit the application as soon as possible. Under the provisions of the Intellectual Property Law, in cases where many applications for inventions are identical or similar, industrial designs are identical or not significantly different from each other, the protection title shall be granted only for an invention or industrial design on a valid application, the earliest priority date or filing date shall be among the applications that meet the conditions for being granted a protection title. In the case of multiple applications by different people registering marks that are identical or confusingly similar to each other for products or services that are identical or similar to each other or in the case of multiple applications of the same those who register identical marks for identical products or services, the protection title is only granted to the trademark in the valid application with the earliest priority date or filing date among the applications that meet the requirements sued to be granted a protection title. In case there are many applications for registration as stipulated above and all meet the conditions to be granted a protection title and have the same priority date or the earliest filing date, the protection title will only be granted to the subject of a single application of those applications as agreed by all applicants; if no agreement is reached, the corresponding objects of those applications are refused the protection certificate.</div>
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Therefore, in order to protect their intellectual property rights, the owner needs to meet all conditions for the product, in addition to necessary procedures as prescribed by law and promptly apply for a certificate of protection for the product. The protection of products will help individuals and companies gain competitive edge during their commercial operation, in addition to avoiding the risks of being infringed upon intellectual property rights.</div>
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ANT Lawyers, a <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> with a team of experienced lawyers, IP consultants and IP agent in Vietnam in the field of Intellectual Property will help customers implement procedures for registering intellectual property rights in the most effective way.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-62830266618921824882019-01-10T18:53:00.001-08:002019-01-10T18:53:01.186-08:00Some Amendments to Business Registration As of October 10th, 2018 by Decree 108/2018/ND-CP<div style="text-align: justify;">
Decree 108/2018/ND-CP amending and supplementing a number of articles of Decree 78/2015/ND-CP effective from 10/10/2018, has stipulated new points of business registration.</div>
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The new decree stipulates clearly some contents on <a href="https://www.antlawyers.vn/library/how-to-obtain-business-registration-certificate-in-vietnam.html">procedures of business registration</a>, especially not needing to seal on the business registration documents and clarifying the power of attorney for individuals to establish an enterprise without notarization or certification in Article 1.1, 1.2 of Decree 108/2018/ND-CP.Since previously there were no regulations on this issue, competent authority required seal business registration documents and notarize or certify power of attorney to ensure valid documents, which caused difficulties when carrying out procedures. This new regulation will receive more support and solve practical problems.</div>
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Previously an enterprise may only establish its business locations within the provinces in Vietnam in which its headquarters or branches are located. It means that in case establishing another business location where headquarters or branches are not located, the enterprise must implement two procedures: <a href="http://www.antlawyers.vn/legal-service/establishment-of-the-foreign-traders-branch-in-vietnam.html">establishing a branch</a> and establishing a business location, but procedures and dossiers for establishment of branches are more complex than establishment of business locations. Now, enterprises are allowed to directly <a href="http://www.antlawyers.vn/legal-service/setting-up-company-in-vietnam.html">set up business</a> locations in any province in Vietnam without headquarter or branch. It facilitates enterprises to expand scope of business, save expenses and reduce the workload for the enterprise.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-15174317243021828172019-01-08T19:03:00.001-08:002019-01-08T19:03:13.232-08:00Regulation on time limits for evaluation of online bid documents comes into effect<div class="separator" style="clear: both; text-align: center;">
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The Ministry of Planning and Investment has recently promulgated the Circular No. 05/2018/TT-BKHDT elaborating on preparation of reports on evaluation of <a href="https://www.antlawyers.vn/library/enterprise-and-commercial/circular-112016tt-bkh-on-epc-bidding-documents.html">bidding documents</a> for procurements in which contractors are selected via the national bidding network system.</div>
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The Circular prescribes the time limit for evaluation of bidding documents via the E-HSDT system as follows:</div>
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- The maximum time limit is 45 days from the bid opening date to the date of the bid solicitor’s submission of an application for approval of contractor selection results to the investor. </div>
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The duration for evaluation via E-HSDT does not include the period of assessment and approval or the period of assessment of results of evaluation of the technical proposal for the procurement carried out according to the single-stage two-envelope bidding procedure.</div>
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- The maximum time limit is 25 days from the bid opening date to the date of the bid solicitor’s submission of application for approval of contractor selection results to the investor with respect to the small-scale procurement.</div>
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Where necessary, the duration for evaluation via E-HSDT may be extended to no more than 20 days to ensure the project execution progress. </div>
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The Circular No. 05/2018/TT-BKHDT will take effect on September 1, 2019.</div>
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-Thuvienphapluatvn-</div>
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ANT Lawyers is a <a href="http://www.antlawyers.vn/">Vietnam law firm</a> with English speaking lawyers whom understand the laws of Vietnam within the business and the local culture context.</div>
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For Vietnam legal matters or services, the clients could reach ANT Lawyers, the exclusive Vietnam law firm members via email at ant@antlawyers.vn or call the telephone at +84 28 730 86 529.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-11119214559429375632019-01-06T23:21:00.000-08:002019-01-06T23:21:18.739-08:00Legal Regulations in Purchasing Real Estate in for Foreigners in Vietnam<div class="separator" style="clear: both; text-align: center;">
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Vietnam has become a better place for foreigners to visiting and staying. Many chose Vietnam as home and they come to Ho Chi Minh City, Ha Noi, Da Nang, Phu Quoc, Nha Trang… to buy real estates for living. Many foreigners consider seeking understanding and with the advisory of their <a href="http://www.antlawyers.vn/area-of-expertise/civil-matters/property-transaction">real estate lawyers in Vietnam</a> to purchase the property under their name for best interest protection. There are a number of foreigners seek to cooperate with local Vietnamese under investment agreement to invest in properties. It has always been suggested the buyer or investor to receive legal advice from lawyers and <a href="http://www.antlawyers.vn/area-of-expertise/real-estate-and-construction">real estate law firms in Vietnam</a> before committing the investment to a certain extent.</div>
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According to the Law on housing 2005, foreign organizations and individuals investing in construction of houses for sale and lease in Vietnam have the right to own the houses in Vietnam. However, according to the provisions of the Law on housing 2014, the house owners expand and include foreigners being investors building the houses under investor projects, foreign organizations operating in Vietnam and foreign individuals being allowed to enter Vietnam under the provisions of the Law on Entry, Exit, Transit and Residence of Foreigners in Vietnam; and are not entitled to diplomatic privileges and immunities.</div>
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Under the provisions of the Law on housing 2014, foreign organizations and individuals are allowed to own apartments, individual houses (villas and townhouses) in commercial housing projects. The total number of foreign individuals/organizations owned does not exceed 30% of an apartment building or does not exceed 10% or 250 houses of a housing project. Foreign individuals may own houses for up to 50 years and are allowed to extend for no more than 50 years. Foreign organizations own the houses according to the time limit on the <a href="http://www.antlawyers.vn/legal-service/granting-investment-registration-certificate-in-vietnam.html">Investment Registration Certificate</a> and the extension period. During the time of owning the houses, foreign individuals are allowed to sublease, but foreign organizations are not allowed to sublease the houses.</div>
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For foreign individuals/organizations, when buying the houses in Vietnam, it is necessary to have a well drafted sales contract for purchase and sale of the houses because all rights and obligations related to the purchase, sales and ownership of houses are regulated in the contract. Therefore, the buyer should consider the contract carefully, usually with the help of real estate lawyers whom understand Vietnam laws before signing, in order to protect their legitimate rights and interests.</div>
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The foreigner when buying and selling the houses, especially off-plan house, need to also pay attention to the regulations on payment schedule in the contract. According to Article 57 of the Law on housing 2015, the payment in the purchase, sales, lease sales of the off-plan real estate in Vietnam is carried out in installments, and the first time must not exceed 30% of the contract value, the next times must be in accordance with the construction schedule, however, not exceeding 50% of the contract value when not handed over when the buyer is an enterprise with foreign investment, not exceeding 70% the value of contract, if the buyer is the foreigner individual the payment is not exceed 50% the value of the contract before handing over the house to the buyer. Until the buyer is issued with a certificate of land use right, ownership of houses and other assets attached to the land, the buyer shall pay no more than 95% the value of contract.</div>
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Foreigners in Vietnam need to be assisted to be familiar with the laws relating to the purchase and sale of real estate in order to protect their legitimate rights and interests when participating in transactions in Vietnam. It is important that the foreigners consider using the services of <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> specializing in real estate to advise and help manage the transaction.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-27578009778716466802019-01-02T19:40:00.000-08:002019-01-02T19:40:52.606-08:00Certain provisions of 2012 Labor Code will be amended<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnVtyVPB4oXA2EvtTFdCHJ0CEVVXoyaOfrIrQfyDPnJTVKf9blXQ2I-SV0AwBBwfQqNwHlO5UgTIOCs6NdQXrk68ROK3sT5mzvHZPlsUOKVisgXSeKTxKgrGHBqfkI4XfrBxMulbCoH9A/s1600/7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnVtyVPB4oXA2EvtTFdCHJ0CEVVXoyaOfrIrQfyDPnJTVKf9blXQ2I-SV0AwBBwfQqNwHlO5UgTIOCs6NdQXrk68ROK3sT5mzvHZPlsUOKVisgXSeKTxKgrGHBqfkI4XfrBxMulbCoH9A/s640/7.jpg" width="640" /></a></div>
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The Law on Amendments and Supplements to 37 Laws relating to planning and the XIVth National Assembly’s Resolution No. 72/2018/QH14 prescribes certain contents of the <a href="https://www.antlawyers.vn/update/new-labor-code-2012.html">2012 Labor Code</a> which have been and will be amended or supplemented, including:</div>
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- Delete the word “planning” in clause 2 of Article 235 on state management of labor.</div>
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- Intend to amend and supplement Chapter XIII on trade unions with a view to giving permission for establishment of employees’ representative organizations which are not subordinate to the Vietnam General Federation of Labour, including the following regulations: </div>
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+ Regulation on the employee’s right to establish and accede to representative organizations which are not subordinate to the Vietnam General Federation of Labour;</div>
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+ Principles-based regulation on requirements and processes for establishing, authority to register, operations and dissolution of employees’ representative organizations.</div>
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- Intend to supplement Chapter V, Chapter XIII and Chapter XIV relating to trade unions, employees’ representative organizations, right of discussion at workplace, collective bargaining agreements, resolution of collective labor disputes and strikes.</div>
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This also includes the regulation on <a href="https://www.antlawyers.vn/area-of-expertise/employment">resolution of labor disputes</a> that may arise in the context of multiple representative organizations in existence, such as disputes between representative organizations about the right of collective bargaining, etc.</div>
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-thuvienphapluatvn-</div>
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ANT Lawyers is a <a href="http://www.antlawyers.vn/">law firm in Vietnam</a> located in the business centers of Hanoi, Danang and Ho Chi Minh City. We provide convenient access to our clients. Please contact us to book your time in advanced to let us provide our best service. </div>
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Call us at +84 28 730 86 529 or send us email ant@antlawyers.vn</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-81348263268776483592018-12-27T19:03:00.001-08:002018-12-27T19:03:34.105-08:00Foreign investors prefer indirect investment in Vietnam<div style="text-align: justify;">
HCMC - Foreign investors have stepped up their indirect investments in Vietnamese enterprises through capital contributions and stake acquisitions, instead of direct investments.</div>
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According to data from the Ministry of Planning and Investment’s Foreign Investment Agency, new foreign direct investment (FDI) approvals in Vietnam this year reported a decline over last year, while there was a surge in foreign indirect investment inflows.</div>
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Specifically, from early this year to December 20, foreign investors conducted nearly 6,500 transactions to contribute funds and acquire shares in local firms, with a combined value of US$9.89 billion, up a staggering 59.8% from the year-ago period.</div>
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Meanwhile, the country issued <a href="http://www.antlawyers.vn/legal-service/granting-investment-registration-certificate-in-vietnam.html">investment certificates</a> for over 3,000 new FDI projects, with total registered capital of nearly US$18 billion in the period, down 15.5% year-on-year.</div>
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In addition, FDI investors registered an additional US$7.59 billion for nearly 1,200 other operational projects in the period, marking a fall of 7.59% against the same period last year.</div>
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In general, the country attracted US$35.46 billion in new <a href="http://www.antlawyers.vn/area-of-expertise/foreign-investment">foreign investment</a> this year, equivalent to 98.8% of the figure recorded last year.</div>
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According to the Foreign Investment Agency, foreign investors injected capital into 18 sectors, of which the manufacturing and processing sector was the most attractive, receiving a total investment of US$16.58 billion, making up 46.7% of the fresh capital.</div>
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The <a href="http://www.antlawyers.vn/area-of-expertise/real-estate-and-construction">real estate sector</a> came in second, with US$6.6 billion, followed by the retail and wholesale sector, with US$3.67 billion.</div>
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Japan remained Vietnam’s largest investor this year, with US$8.59 billion, accounting for nearly 24.2% of the total. South Korea ranked second, with US$7.2 billion, and the third largest investor was Singapore, with US$5 billion.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-56353215148016368662018-12-25T19:45:00.001-08:002018-12-25T19:45:37.706-08:00Vietnam wants China to import more, invest more<div style="text-align: justify;">
China should increase imports of Vietnamese goods and make more hi-tech investments, government officials and business representatives say.</div>
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Le Hoai Trung, Vietnam's Deputy Minister of Foreign Affairs, proposed at the Vietnam-China Economic Promotion Forum Thursday that China creates more favorable conditions for more Vietnamese goods to enter the country through border gates.</div>
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"We hope that the Chinese government will be more open to the Vietnam market, especially for products that Vietnam has strong supply and China has high demand for, such as rice, pork, milk, agriculture, seafood, electronics and consumer goods," Trung told the forum attended by 500 Vietnamese government and business representatives and 200 Chinese counterparts.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIe5LrSnirSNEQb6fiLYYxLv2bpc3NtVellj0aBuqp_E5nSBL_Zer6xExerOYgF6cTDA98r8uUmNS9oYfr8lQEHhOThSAwi9m4hyG9Pc4PNUWROLyLi0MFRdOzoeOPntlESQyJPqNci4s/s1600/8.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIe5LrSnirSNEQb6fiLYYxLv2bpc3NtVellj0aBuqp_E5nSBL_Zer6xExerOYgF6cTDA98r8uUmNS9oYfr8lQEHhOThSAwi9m4hyG9Pc4PNUWROLyLi0MFRdOzoeOPntlESQyJPqNci4s/s640/8.jpg" width="640" /></a></div>
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Vietnam has a high trade deficit with China. From January to November, the country exported $37.7 billion worth of goods to China and imported $59.6 billion, a trade deficit of $21.9 billion, according to Vietnam Customs.</div>
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Vu Tien Loc, chairman of the Vietnam Chamber of Commerce and Industry, said: "Although Vietnam’s exports to China have been increasing this year and trade deficit is declining, I don’t think this trend will be sustainable."</div>
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He said it would require a big effort from authorities to pave the way for Vietnamese goods, especially agriculture products, to enter China.</div>
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Loc also proposed that that unofficial trade activities between the two countries at the border be formalized to guarantee long-term benefits for both sides.</div>
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As protectionism in the world rises, Vietnam and China need to cooperate to control trade cheating, like Chinese businesses exporting its goods via Vietnam to other countries, which would impact on sustainable development of both countries, Loc said.</div>
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Trung said at the forum that Vietnam welcomes foreign direct investment from China that is focused on high technology in infrastructure, supporting industry and agriculture.</div>
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He added that Chinese FDI businesses should ensure environmental protection and Vietnamese labors’ benefits when investing in the country. </div>
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Loc added that China, as a leading country in the world in the high-tech sector, can provide this kind of investment to Vietnam.</div>
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"Vietnam is looking for a new type of <a href="http://www.antlawyers.vn/area-of-expertise/foreign-investment">foreign investment</a> which has higher quality, integrate more with Vietnamese businesses using high-technology which are environment-friendly," he said.</div>
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China is Vietnam’s largest import market, while Vietnam is China’s largest trading partner in ASEAN and the 8th in the world.</div>
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From January to November, bilateral trade turnover reached over $97 billion, up 16.5 percent year-on-year, according to official data.</div>
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China has invested in over 2,000 projects in Vietnam, with a total registered capital of $13 billion. It ranks 7th out of 129 countries with FDI in Vietnam.</div>
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-evnexpress-</div>
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To <a href="https://www.antlawyers.vn/library/conditions-of-setting-up-import-and-export-company-in-vietnam.html">Setting up Import and Export Company in Vietnam</a>, Please contact our lawyers in Vietnam for advice via email ant@antlawyers.vn or call our office at (+84) 24 32 23 27 71</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-68385971770039716012018-12-23T23:39:00.000-08:002018-12-23T23:39:39.550-08:00ANT Lawyers Joined with International Law Firms in Hong Kong on Dec 7th, 2018<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9w7YwZPKarpFRQ3AiVyLwyJ7Tk71hB1_zEPlZW5uu43bfrQwmEXzPCYVUpq9M2uWCoxoUvDYotFZNrYciCmlK4Me2-UukJBGWacelsQXRYYxM2Q7jF78kI-q-t1tsZVm6Bq1SWtF4u-I/s1600/6.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9w7YwZPKarpFRQ3AiVyLwyJ7Tk71hB1_zEPlZW5uu43bfrQwmEXzPCYVUpq9M2uWCoxoUvDYotFZNrYciCmlK4Me2-UukJBGWacelsQXRYYxM2Q7jF78kI-q-t1tsZVm6Bq1SWtF4u-I/s640/6.jpg" width="640" /></a></div>
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In order to meet the legal demand arising from oversea investors, ANT Lawyers representative, Managing Partner Mr Tuan Nguyen has signed cooperation agreement with other <a href="http://www.antlawyers.vn/about-us/international-law-firm-in-vietnam">international law firms</a> in Hong Kong on Dec 7th, 2018 to provide legal support and service across numerous countries.</div>
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The lawyers are from Hong Kong SAR, the United Kingdom, Myanmar, Thailand, Vietnam, Malaysia, Taiwan, Macau, China (Beijing, Shanghai and Chengdu) have met up and discussed cooperation plan. The cooperation is expected create a platform for communication and cooperation to provide legal support and services to global enterprises, optimizing the business environment, promoting interconnection, <a href="http://www.antlawyers.vn/area-of-expertise/international-trade-and-taxes">investment and trade cooperation</a>. At the formal event, the eleven representatives of the participated international law firm signed the Memorandum of Understanding, and promised to strengthen legal cooperation and exchanges in policy analysis, legal research, and legal services to provide comprehensive services for investors.</div>
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The cooperation signing ceremony was participated by the representatives of Government of Hong Kong Special Administrative Region (“HKSAR”) and the Standing Committee of the National People’s Congress, the governors, members and other professionals to witness this important moment. Ms. Tan Huizhu – Deputy Director of the Basic Law Committee of the HKSAR; GBM, GBS, JP and Standing Committee of the National People’s Congress – Mr. Tan Yaozong; GBM, GBS, JP and Vice Minister Vice Minister of Legal Department of Liaison Office of the Central People’s Government in the HKSAR – Mr. Liu Chunhua attended the ceremony as guest.</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-44170649627196925642018-12-19T20:10:00.000-08:002018-12-19T20:10:22.628-08:00Vietnam officially introduces national rice trademark<div style="text-align: justify;">
CAN THO – The Ministry of Agriculture and Rural Development today, December 18, has announced the logo of Vietnamese rice, marking the milestone of building a national rice trademark after many years of tapping the global market.</div>
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The organizer of the third Vietnam Rice Festival taking place in the Mekong Delta province of Long An from December 18 to 24 noted that the event was aimed at supporting Vietnamese rice producers and traders in boosting trade and investment, as well as ensuring sustainable development and cementing the position of Vietnamese rice in the global market.</div>
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This is the first time Vietnam has announced the national rice trademark since the country entered the global rice market in 1989.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUcoedoj6b8JVAXMbXY8B41dT6MWkMWJiuSNeWMcjejgta-F8xSfRwdFbfsmVzYjDHbNVmV00uo70VdxC1Sz9ziHIOOzBiSpZAyG2aTqCGwh0_j8p8PVYy1SEyTPWLNOUUOysol7s7muc/s1600/7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUcoedoj6b8JVAXMbXY8B41dT6MWkMWJiuSNeWMcjejgta-F8xSfRwdFbfsmVzYjDHbNVmV00uo70VdxC1Sz9ziHIOOzBiSpZAyG2aTqCGwh0_j8p8PVYy1SEyTPWLNOUUOysol7s7muc/s640/7.jpg" width="640" /></a></div>
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To build the rice trademark, the ministry had earlier hosted a rice logo design contest.</div>
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Earlier, Le Thanh Tung, head of the southern representative office of the ministry’s Department of Crop Production, told The Saigon Times that Vietnam had completed procedures to seek international protection for its rice trademark.</div>
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Accordingly, to have the rice <a href="http://www.antlawyers.vn/library/how-to-protect-trademark-in-vietnam.html">trademark protected</a>, Vietnam filed an application with the Madrid System, a system for the registration of worldwide trademarks governed by the Madrid Agreement and the Protocol relating to the agreement. A single application with the system enables a trademark owner to obtain protection in all member nations.</div>
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Tung remarked that the ministry had also formulated regulations concerning the use of the Vietnamese rice trademark, requiring individuals and organizations to meet particular criteria to use the trademark.</div>
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In particular, Decision 1499/QD-BNN-CBTTNS 2018 stipulates individuals and organizations can use the certified trademark when <a href="https://www.antlawyers.vn/library/how-to-obtain-business-registration-certificate-in-vietnam.html">granted business registration certificates</a> or investment certificates that include rice production, processing and trading.</div>
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Individuals and organizations must be certified to satisfy food-safety requirements for rice processing, preservation and trading, or they must obtain one of the following certificates: good manufacturing practices, hazard analysis and critical control points, food safety management system ISO 22000, international food standards, global standards for food safety, food safety system FSSC 22000 or equivalents that are still valid.</div>
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Further, they must have rice products that are certified to meet Vietnamese standards, fulfill tax obligations and boost environmental protection activities.</div>
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Rice products that have been certified include white rice, jasmine white rice and glutinous white rice.</div>
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Regarding product quality, rice bearing the Vietnamese rice trademark must meet national quality standards, with white rice meeting TCVN 11888:2017 requirements, jasmine white rice meeting TCVN 11889:2017 requirements and glutinous white rice meeting TCVN 8368:2010 requirements. If there is a change to quality standards, rice products must comply with the updated standards.</div>
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Under the ministry’s Decision 1499, individuals and organizations have the right to use the rice trademark and their own brands for packaging, advertising and trading certified rice products. They can also exploit, use and enjoy other economic benefits from the trademark and participate in rice trademark promotion activities.</div>
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However, individuals and organizations are obliged to use the trademark only on certified rice products, to ensure product quality, to inform the trademark management unit if they no longer need to use the trademark and to pay any related fees.</div>
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-The SaigonTimes-</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-56471629744812812552018-12-16T20:18:00.001-08:002018-12-16T20:18:49.451-08:00Google plans a representative office in Vietnam<div style="text-align: justify;">
A senior Google official says the tech behemoth is studying the process of opening a representative office in Vietnam.</div>
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Google senior vice president Kent Walker told Deputy Prime Minister Vuong Dinh Hue at a meeting Tuesday that the opening of a rep office in the country would follow the principle of ensuring that host country regulations do not contradict the firm’s international commitments.</div>
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A report on the government website chinhphu.vn also quoted Walker as saying that he agreed with the Vietnamese government on the need for cyber-security to ensure a stable society. Google will cooperate with authorities in achieving this goal, he said.</div>
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The rep office announcement came as Vietnam’s cybersecurity law is set to take effect next month. The law requires digital businesses like Facebook and Google to <a href="http://www.antlawyers.vn/legal-service/establishment-representative-office.html">open a representative office in Vietnam</a>.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBJeEy56_t2QQCWfX4_Y8YaLH5TsCzzl-VfFv_a5Idhn5YMirPayfIezNcxqFfePQ6rXeHGcM5o1jKchUmOb9IM8P2jmCZApO-lmOaNMVG51RvOAbGnXrbvPUKodFppT2pXRorz9P4dBw/s1600/12.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBJeEy56_t2QQCWfX4_Y8YaLH5TsCzzl-VfFv_a5Idhn5YMirPayfIezNcxqFfePQ6rXeHGcM5o1jKchUmOb9IM8P2jmCZApO-lmOaNMVG51RvOAbGnXrbvPUKodFppT2pXRorz9P4dBw/s640/12.jpg" width="640" /></a></div>
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Deputy PM Hue said that he appreciated Google’s contribution to a draft decree on guidelines to implement the law and ensure cyber-safety and security.</div>
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"Vietnam’s market advantages and the adaptability of its young workforce will be attractive factors for Google to open a representative office in Vietnam," he said.</div>
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Meanwhile, a Google spokesperson told Reuters Wednesday: "We remain very excited to see how technology is being used by businesses and people in Vietnam. There are a number of different factors we look at before opening an office, but we have nothing to announce at this time."</div>
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<a href="https://www.antlawyers.vn/legal-service/cybersecurity-law-in-vietnam-and-data-privacy-issue.html">Vietnam’s Cybersecurity Law</a>, which was passed in June, requires tech businesses to store the data of Vietnamese users in Vietnam, and to provide this data to the Ministry of Public Security upon receipt of requests in writing, in cases where any infringement of the cybersecurity law is being investigated.</div>
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Seventeen U.S. lawmakers in July urged the CEOs of tech giants Facebook and Google to resist changes stipulated by the law.</div>
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However, Vietnam’s Ministry of Foreign Affairs reasserted that the cybersecurity law is designed to protect rights of organizations and individuals. </div>
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- evnexpress -</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-87094887914276479582018-12-12T19:43:00.000-08:002018-12-12T19:43:23.434-08:00Application documents for grant of commercial bank establishment licenses are now released<div style="text-align: justify;">
The Circular No. 28/2018/TT-NHNN amending the Circular No. 40/2011/TT-NHNN was promulgated by the Governor of the State Bank of Vietnam on November 30, 2018.</div>
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Pursuant to this Circular, Article 14 in the Circular No. 40 specifies application documents for licenses for establishment and operation of commercial banks. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0WsuurFKKNt-aKCx8GOqcMyVRNFgWIB56PzM_v4flYVXqpiCGial5Z68ZHHxJ2yeBnACNuCWWrXInvvZic4GM-wgL2SxTiOJrwAQhACiMZiwmFUJOOZvLKpYB_vPNxJPy2MDYgJyym5k/s1600/8.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0WsuurFKKNt-aKCx8GOqcMyVRNFgWIB56PzM_v4flYVXqpiCGial5Z68ZHHxJ2yeBnACNuCWWrXInvvZic4GM-wgL2SxTiOJrwAQhACiMZiwmFUJOOZvLKpYB_vPNxJPy2MDYgJyym5k/s640/8.jpg" width="640" /></a></div>
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The Circular No. 28 amends and supplements regulations on submission of criminal records of personnel of the control and management boards as follows:</div>
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- These <a href="http://www.antlawyers.vn/library/criminal-record-in-vietnam.html">criminal records</a> must be issued by criminal record database authorities (Vietnamese nationals), competent authorities of Vietnam or other overseas countries (Non-Vietnamese persons);</div>
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- These criminal records must be issued no later than 06 (six) months before the date of submission of application documents;</div>
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- These criminal records must contain such information as criminal status, prohibition of holding office, <a href="http://www.antlawyers.vn/legal-service/enterprise-establishment-service.html">establishing and managing enterprises</a> and cooperatives. </div>
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- Thuvienphapluatvn -</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-51195653011969820892018-12-10T19:27:00.001-08:002018-12-10T19:27:56.879-08:00Documentation requirements for grant of certificates of conformance to food safety regulations are now available<div style="text-align: justify;">
This is the highlight of the Circular No. 43/2018/TT-BCT on food safety administration within the scope of responsibilities assigned to the Ministry of Industry and Trade.</div>
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The Circular prescribes that, in case of application for initial issue of a certificate of conformance to food safety regulations, application documentation will be comprised of the followings:</div>
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- The completed application form No. 01a.</div>
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- The interpretation of facilities, equipment and appliances conforming to food hygiene and safety regulations prepared using the form No. 02a (applicable to manufacturing establishments), 02b (applicable to business establishments) or the form No. 02a and 02b (applicable to manufacturing and business establishments).</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxbLgBVANJhvNRPHW7hfGizO623mtcI97LZ0Zu7rrZWOb7xgmIOyRrwu6y09T8qkWUCL1-s4HYBKjbSehg3m7YHuI7VCItwdnRFtw6pwyJ2JjPZ1dy1DruaH7Y7dylbKry-j5Q56ByiM/s1600/7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxbLgBVANJhvNRPHW7hfGizO623mtcI97LZ0Zu7rrZWOb7xgmIOyRrwu6y09T8qkWUCL1-s4HYBKjbSehg3m7YHuI7VCItwdnRFtw6pwyJ2JjPZ1dy1DruaH7Y7dylbKry-j5Q56ByiM/s640/7.jpg" width="640" /></a></div>
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- The certificate of fitness for occupation/ the list of workers fit for work of the owner of the food manufacturing and business establishment and the person directly manufacturing and trading foods, issued by a district-level healthcare service provider (a duplicate copy attested by the applicant establishment).</div>
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- The certificate of completion of training in food safety knowledge/ the certificate of acquisition of food safety knowledge of the food manufacturing and business establishment and the person directly manufacturing and trading foods (a duplicate copy attested by the applicant establishment).</div>
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This means that the <a href="https://www.antlawyers.vn/library/how-to-obtain-business-registration-certificate-in-vietnam.html">certificate of business registration</a>/ the certificate of enterprise registration/ the certificate of investment in the food manufacturing and business industry will not be required in comparison with the application requirements prescribed in the Circular No. 58/2014/TT-BCT dated December 22, 2014 remaining in force to date.</div>
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The Circular No. 43/2018/TT-BCT will take effect on January 1, 2019.</div>
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Source: Thuvienphapluatvn</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-38137396453546882922018-12-07T00:14:00.001-08:002018-12-07T00:14:49.804-08:00The Regulations on Mediation in the Draft of Law on Mediation, and Dialogue in Vietnam<div style="text-align: justify;">
Over the past few years, the civil cases or administrative claims have been increasing on quantity as well as complex nature. There are opinions that, in reality, while Western countries choose negotiation or mediation as the first measure of dispute settlement, court is favored in Vietnam as main measure of <a href="http://www.antlawyers.vn/area-of-expertise/dispute-resolution">dispute resolution in Vietnam</a>. Theoretically, Vietnam legal system shows that the regulations on mediation, dialogue have been relatively formulated during the judicial reform process. To address the gap in reality, there are recent changes in regulations encouraging parties to use mediation and dialogue as dispute resolution. Recently, the Draft Law on Mediation, Dialogue at the Court has been published since 01 October 2018 for public opinions.</div>
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Organization of Court Annexed Mediation and Dialogue in Vietnam</div>
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In order to implement mediation and dialogue at court, the Chief Justice of People’s Supreme Court issues the decision on establishing Mediation and Dialogue Center including Director, Deputy Director(s), Mediators. </div>
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The Director is the head of Center appointed by one of two following measures: (1) the Chief Justice of the Court in the locality where the Center is located assigns the Judge to act according to the rotational regime; or (2) the Mediators elect among themselves. Human resources are mobilized to appoint Mediators selected from the followings: (1) retired Judges, Procurators, Investigators and other retired judicial officials; (2) Retired junior or senior officials; (3) Experts and other professionals with at least 10 years of experience in its work; and (4) Person with high prestige in society and satisfying the following standards:</div>
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– Being a Vietnamese citizen, residing in Vietnam, loyal to the Fatherland and the Constitution of the Socialist Republic of Vietnam, having good moral qualities, having strong political will and prestige in the community, honest, objective;</div>
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– Having good health to ensure the fulfillment of the assigned tasks;</div>
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– Having experience and capacity for mediation and dialogue;</div>
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– Volunteer for mediation, dialogue settlement.</div>
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In the situation of tight state budget and overload of work at Court, the mobilization of human resources not belonging to the State but meeting certain criteria for being Mediators is one of the necessary requirements to ensure the success of this regulation.</div>
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Scope of Court Annexed Mediation and Dialogue in Vietnam</div>
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Scope of mediation and dialogue under the provision of this Draft shall be applicable to civil and administrative disputes; request for recognition of voluntary divorces, child custody agreement, division of property upon divorce within the jurisdiction of the Court according to the provisions of the Civil Procedure Code, Law on Administrative Procedures or civil, administrative dispute requested by one or more parties to the Court annexed mediation and dialogue for settlement.</div>
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The Procedures for Court Annexed Mediation and Dialogue in Vietnam</div>
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Upon receipt of the lawsuit petition, petition for recognition of voluntary divorces, child custody agreement, division of property upon divorce as provided in Article 190 of the Civil Procedure Code, Article 119 of the Law on Administrative Procedures, the Court shall forward the petition, request and the documents and evidences enclosed to the court annexed Mediation and Dialogue Center when satisfying the following conditions: (1) The case falls under the jurisdiction of the Court; (2) The claimant, the defendant do not refuse the mediation or dialogue before the court accepts the case; and (3) The case shall not fall into the case which must not be mediated under the provisions of the Civil Procedure Code or which dialogues cannot be held under the Law on Administrative Procedures.</div>
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According to the prevailing laws, there are two types of conciliation: pre-litigation conciliation and conciliation in litigation proceedings. The conciliation process under Civil Procedure Code, Law on Administrative Procedures shall not be governed by the Law on Mediation and Dialogue. Therefore, mediation under this draft law is in the form of optional pre-litigation mediation.</div>
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Recognition and Enforcement of Court Annexed <a href="http://www.antlawyers.vn/area-of-expertise/dispute-resolution/mediation-adr">Mediation Settlement in Vietnam</a></div>
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After mediation or dialogue, the parties can request the Court to recognize the successful mediation or dialogue settlement. The decision to recognize or to not recognize a successful out-of-Court mediation result shall immediately take effect and shall not be appealed against according to appellate procedures (Item 8 of Article 419 of the Civil Procedure Code 2015), but can be protested according to cassation or reopening procedures under the provisions of the Civil Procedure Code. This provision is also recorded in the Draft of Law on Mediation, Dialogue. Out-of-court mediation results are recognized by the court and will be enforced by civil judgment enforcement agencies under law on enforcement.</div>
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From the international experience and the reality of Vietnam, the effective implementation of the mechanism of mediation and dialogue has great significance for the settlement of civil and administrative disputes, promotes consensus in society; reduces the number of cases workload, the demand to bring to trial; facilitates the Court to focus resources to further improve the quality of the trial.</div>
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Pilot Project of Court Annexed Mediation in Vietnam</div>
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Through the pilot project under decision No. 332/QD-TANDTC dated Mar 9th, 2018, Official letter No. 48/TANDTC-PC dated Mar 9th, 2018, and Official letter No. 72/72/TANDTC-PC dated Apr 16th, 2018 the Mediation and Dialogue Center in Hai Phong has received more than 2,500 petition and brought to mediation, dialogue nearly 2,400 applications. The project has been expanded to Hanoi, Ho Chi Minh City, Da Nang, Bac Ninh, Khanh Hoa, Long An. The results and experience of the project will be an important basis for the drafting of the Law on Mediation and Dialogue.</div>
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Tuan Nguyen, Esq., CEDR Accredited Mediator</div>
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Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0tag:blogger.com,1999:blog-2431767471510986036.post-76635012341909107402018-12-04T19:40:00.000-08:002018-12-04T19:40:08.793-08:00Vietnam’s wind power tariffs attractive, but grid capacity a major concern<div style="text-align: justify;">
Vietnam’s new feed-in tariffs are attracting great interest in wind power, but investors are concerned about grid connection and purchase agreements.</div>
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The new feed-in tariffs (FIT) are expected to be attractive to domestic and foreign investors, Tommaso Rovatti Studihard, South East Asia sales director for wind power developer Vestas Asia Pacific, told VnExpress International.</div>
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The government recently approved tariff revisions under Decision 39 on support mechanisms for the development of wind power.</div>
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The decision, effective from November 1 this year, raises the tariffs from 7.8 US cents per kWh to 8.5 US cents for onshore and 9.8 US cents for offshore generation respectively.</div>
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"Electricity demand will grow at an estimated 8 - 10 percent a year from now to 2030. This represents realistic opportunities for investors," Studihard said.</div>
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Conjecturing that the national plan envisages adding 1,000 MW of wind power by 2020 and 6,000 MW by 2030, he said the targets are achievable.</div>
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"Vestas is excited about the Vietnamese market, probably this is the most promising market in the Asian region with very good wind resources," he said.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdukBSYz_WnFg4k9vWYejKYrrg23JO3lVyru5DFGQGyF5KaLyjXLbB0KLvT5wMh6JFmqddQXzVGPucyoSfQ8CMiE0KGi3D1ZHQRiXBFuCqYimW3wHM-sW0XR3zk8O7itcNvK7do-d9kH0/s1600/10.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="300" data-original-width="600" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdukBSYz_WnFg4k9vWYejKYrrg23JO3lVyru5DFGQGyF5KaLyjXLbB0KLvT5wMh6JFmqddQXzVGPucyoSfQ8CMiE0KGi3D1ZHQRiXBFuCqYimW3wHM-sW0XR3zk8O7itcNvK7do-d9kH0/s640/10.jpg" width="640" /></a></div>
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Vestas has so far put three wind power projects into operation in Vietnam and plans to have another project come online by 2019 and "do a lot more in the future."</div>
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Studihard noted that over the next three to five years there are huge opportunities in Vietnam to have some gigawatts of wind power, but the bankability of the power purchase agreement (PPA) remains an issue with many investors, especially international investors, and banks finding it a little difficult to be comfortable with.</div>
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There are no clear termination and force majeure clauses in the PPA, which hinders the attraction of foreign investment, especially from banks and credit institutions, he explained.</div>
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"One more problem is Vietnam’s weak grid capacity, which would become a bottleneck for developing wind and other renewables. The grid needs to be upgraded to tap the great potential Vietnam has for offerable, sustainable and reliable wind power."</div>
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Bui Van Thinh, CEO of the Thuan Binh Wind Power JSC (TBW), said having gained success in developing the 24MW Phu Lac wind power project in the central province of Binh Thuan, TBW is completing procedures to start construction of a 30MW wind power project in neighboring Ninh Thuan Province.</div>
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But the weak grid capacity is the biggest challenge to expanding renewables like wind and solar power, he said.</div>
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The transmission line near Phu Lac site could handle 100MW, compatible with two 50MW wind power projects.</div>
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Overload capacity is imminent once a <a href="http://www.antlawyers.vn/library/vietnam-encourages-investment-in-solar-power.html">solar power project</a> connects with the transmission line, Thinh noted, citing the concerning fact that there are eight solar power projects in the locality approved to connect with the grid.</div>
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"The government should instruct the state-run Electricity of Vietnam (EVN) to install transmission lines to cope with the renewable power projects across the country, especially those in Ninh Thuan and Binh Thuan."</div>
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Ninh Thuan and Binh Thuan are central provinces that have the greatest potential for renewable energy in the country.</div>
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While 2,000 MW of solar power are proposed to be generated in Ninh Thuan, the local transmission line can only handle a few hundred megawatts. Thus, 110 kV or 220 kV transmission lines need to be installed before pushing the power to the 500kV transmission line and sending it to Ho Chi Minh City or Danang City, Thinh added.</div>
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Nguyen Van Thanh, deputy head of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, said demand for energy, wind power in particular, has been growing rapidly.</div>
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The need for ensuring energy security but also sustainable development has changed Vietnam from an energy seller to buyer, with the country’s dependence on imported energy sources also rising, he said.</div>
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Vietnam also faces a shortage of primary energy, with coal imports posing many risks related to supply, price and transportation, he noted.</div>
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"Given that, efficient exploitation of new and renewable sources would play a key role in the country’s socio-economic development, energy security and sustainable development.</div>
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"The country is working diligently to draft policies for the efficient and economical use of energy, diversification of <a href="https://www.antlawyers.vn/library/energy-resources.html">energy sources</a> and increasing application of new and eco-friendly technologies," Thanh added.</div>
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Under the revised Power Development Plan VII, power stations in the country are expected to generate a total of 60,000 MW by 2020. Of these, coal-fired stations would make the largest proportion of 42.7 percent, followed by hydropower (30.1 percent), gas-fired plants (14.9 percent) and renewable energy sources (9.9 percent).</div>
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By 2030, the total capacity would soar to 129,500 MW, with coal and gas-fired plants accounting for 42.6 percent and 14.7 percent respectively, similar to the figures set for 2020. But the ratio of renewable energy sources is set to double to 21 percent by then.</div>
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Source: evnexpress</div>
Thuy Chihttp://www.blogger.com/profile/00516053260024842954noreply@blogger.com0