VBF Governance and Transparency Working Group Meeting, Jul 15

VBF-logoWe would like to invite you to attend the first internal meeting of the VBF’s Governance and Transparency Working Group as follow details: Read more

Effective Management of Arbitration – A Guide for In-House Counsel and Others

ICC logoProvides in-house counsel and other party representatives, such as managers and government officials, with a practical toolkit for making decisions on how to conduct an arbitration in a time- and cost-effective manner, having regard to the complexity and value of the dispute. The guide can also assist outside counsel in working with party representatives to that effect. Read more

Managing Foreign Corrupt Practices Act (FCPA) Risks

FCPA Resource Guide Cover, Nov 2012Thu, Apr 24. Any business operating in the global marketplace must make the FCPA and anti-corruption an integral part of its business plan. Vigorous enforcement of the Foreign Corrupt Practices Act (FCPA) has become a top priority for both the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). Recently, both have increased resources dedicated to FCPA enforcement. At the same time, civil and criminal penalties for FCPA violations continue to grow and DOJ has shown an increasing willingness to criminally prosecute individuals for FCPA violations. In addition, many other nations have enacted and/or have begun to seriously enforce anti-corruption legislation of their own. . Read more

Request for Comments: Draft Law on Enterprise; Draft Law on Investment

VBF-logo copyDear Members of the Legal & VBF Liaison Committee:

RE: Draft Law on Enterprise (2nd Draft); Draft Law on Investment

The drafts of the revised Enterprise Law (second draft) and Investment Law, provided by VBF.  The drafts are currently available in Vietnamese only.

If you have comments or feedback on these drafts, please feel free to send them directly to the VBF at [email protected] .  Alternatively, please email your comments to the AmCham Legal Committee and we will be happy to assemble and forward to VBF. Read more

Request for comments: Draft Law on Investment

VBF-logo copyThe VBF would appreciate if you could send to the VBF Secretariat ([email protected]) comments/inputs to the Draft Law by February 14, 2014. Read more

Vietnam’s Macroeconomic Stability Continues to Improve, Critical Risks Remain – World Bank: Taking Stock Dec 2013

World Bank logoNew WB Report says reenergizing medium-term growth will require renewed attention to a number of structural reforms, with focus on state owned banks and enterprises.

Taking Stock, a bi-annual assessment of Vietnam’s economy, identifies several critical risks to macro-economic stability, including: (i) low foreign exchange reserves; (ii) fragile private sector demand, (iii) possibility of departure from fiscal and monetary discipline; (iv) slow progress on structural reforms; and (v) loss of confidence in a fragile banking sector. Read more

127 SOEs incur $61.32 billion debts

Vinalines 68-yr old floating doc, Go Dau port, Dong Nai - photo credit: Tuoi TreTotal debts as of the end of 2012 of the 127 state groups and corporations topped VND1,300 trillion, or US$61.32 billion, a government report shows. The government admitted that the business effectiveness of these businesses do not live up to their operating scale and assets. Read more

National Assembly approves amended Constitution

Chủ tịch Quốc hội Nguyễn Sinh HùngThe State economic sector plays the leading role in the socialist-oriented market economy. Besides, the State economic sector includes many factors and resources and State-owned enterprises are just one of these factors. Therefore, the committee said that it is not necessary to make specific regulations for the State economic sector.

Nguyen Sinh Hung, NA chairman and chairman of the Committee for Drafting Amendments to the 1992 Constitution, admitted that different viewpoints remained on some articles of the draft but a majority of people and the NA reached a high level of consensus on the document. Other differing opinions will continue to be heard and studied on the path of national renewal, he said.

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Deputy Attorney General James Cole: Remarks at FCPA Conference, Nov 19, 2013

James ColeIn France and Germany, as late as the 1990s, bribes were not only legal, but they were also tax deductible. Yet, in the past 10 years, both of those nations have changed their laws and joined us in the fight against transnational corruption. Most of you are familiar with the Siemens resolution in 2008, which was the product of our cooperation with German authorities. And in just the past 6 months, we announced the first coordinated action by French and U.S. law enforcement in a major foreign bribery case, the Total investigation.  ### Read more

Vietnam Business Forum, Dec 3, 2013

VBF-logo copyThe VBF offers an opportunity for a structured dialogue between government and business.

For over a decade, AmCham has been a strong supporter of the Vietnam Business Forum, which was originally organized, financed and managed by the International Finance Corporation (IFC), a member of the World Bank Group.

The Year-end VBF meeting is scheduled to be held on December 3,  2013. If you would like to attend, please contact us at [email protected] We have a limited number of tickets for AmCham members.

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