Contract agreement for construction work

Vietnamese Minister of Foreign Affairs Bui Thanh Son (R) and British Ambassador to Vietnam Iain Frew . (Photo: VNA) Hanoi (VNA) – Vietnamese Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on March 20 for British Ambassador to Vietnam Iain Frew, during which he hailed the latter for actively promoting bilateral activities over the past years. Son said the signing and enforcement of the UK-Vietnam Free Trade Agreement has made the UK the third largest trade partner in Europe and the ninth largest export market of Vietnam and the most important European investor in the country despite impacts from the COVID-19 pandemic. He asked Frew to continue facilitating the exchange of all-level delegations, effectively implement bilateral cooperation mechanisms and work closely with Vietnamese partners to hold activities celebrating the 50th founding anniversary of Vietnam-UK diplomatic ties this year. The host suggested both sides maintain effective … [Read more...] about Vietnamese FM suggests expanding cooperation in areas of UK’s strength

A road under construction (Photo: VNA) Hanoi (VNA) – The Ministry of Planning and Investment (MPI) has been assigned to coordinate with related ministries to devise and propose policies and measures for attracting international financial funds and capital sources to public - private partnership ( PPP ) projects in Vietnam. This is among the tasks set by Deputy Prime Minister Tran Hong Ha with regard to PPP investment activities, according to the Government Office. In particular, the MPI was asked to work with other ministries to review the enforcement of the 2020 law on PPP investment, as well as obstacles to the implementation of the Government’s Decree 35/2021/ND-CP, dated March 29, 2021, that guides the law enforcement. They were ordered to propose revisions, supplements, and international capital attraction measures to the PM in the second quarter of 2023. Meanwhile, Deputy PM Ha assigned the Finance Ministry to coordinate with others to review problems … [Read more...] about Ministries to devise measures for attracting int’l capital to PPP projects

Participants at the talks (Photo: VNA) Seoul (VNA) – Economic cooperation should continue to be the focus of bilateral ties between Vietnam and the Republic of Korea, National Assembly (NA) Vice Chairman Nguyen Duc Hai said at his talks with Deputy Assembly Speaker of the RoK Chung Woo-taik in Seoul on March 20. Hai, who is making an official visit to the RoK, noted that the political trust between the two countries has been continuously strengthened, and they have maintained a regular exchange of delegations at all levels. The most recent visit to Vietnam by Speaker of the National Assembly (NA) of the RoK Kim Jin-pyo in January opened practical and effective activities between the two nations in 2023, he stressed. The NA Vice Chairman said the two sides need to work closely to effectively implement the Vietnam - Korea Free Trade Agreement (VKFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement. The goal is to lift two-way trade to 100 … [Read more...] about Vietnam-RoK cooperation should continue to focus on economy: NA official

The interest rate hikes by the US Federal Reserve and other central banks that began to significantly accelerate in the second half of 2022 have impacted the tech industry and investors in significant ways. These hikes are expected to continue, at least in the short term, until the central banks are satisfied that inflation is under control or lose their nerve. When that happens is anyone’s guess. Eric Johnson, counsel at Freshfields Bruckhaus Deringer LLP This rapidly changing financial environment has made it more difficult for digital economy companies, especially those that are currently not profitable, to raise money in both public and private markets. Many investors have adopted a wait-and-see approach until the situation becomes clearer, and are revisiting the assumptions behind the sky-high valuations that many tech companies previously commanded. The recent failure of Silicon Valley Bank in the US has sent a shockwave through the tech and venture capital … [Read more...] about Supporting the digital economy space

“The Supreme People’s Court should issue an official guideline on criminal IPR prosecutions to provide timely guidance to all enforcement authorities,” said Gabor Fluit, chairman of EuroCham. “The authorities should consider imposing stronger sanctions for copyright infringement and, eventually, establish specialised IPR courts in Vietnam and work with EuroCham’s Intellectual Property Rights Sector Committee members to discuss challenges and exchange experiences among different authorities," he added. Given the disruption of supply chains caused by China’s strict COVID-19 lockdowns, there has been an increase in counterfeit goods coming from Vietnam, involving highly organised networks across several provinces. Copyrights are registered with the Copyright Office of Vietnam, with several challenging requirements for IP owners. These include the need to include documents like the passport or national ID card of the author/creator and employment contracts which may contain personal … [Read more...] about EuroCham proposes IP infringement prosecutions