Faradays law

The Hanoitimes - The law envisages that five sectors eligible for PPP investment including transportation, power industry, irrigation, healthcare, and infrastructure. Vietnam’s Law on Investment that will take effect on January 1, 2021 becomes the first-ever law in the country published in the form of public-private partnership (PPP). Law envisages five sectors eligible for PPP investment The law that was ratified by the National Assembly on June 17, 2020 clarifies the scope and scale of power projects eligible for PPP investment, according to Dr. Oliver Massmann, a Financial Accountant and Auditor, who discussed about the Draft Law with key personnel of the parliament. The revised law incorporates the following recommendations suggested by Duane Morris LLP, a law firm with more than 800 attorneys in offices across the US and internationally. According to Dr. Oliver Massmann who can be reached under [email protected], Article 4 of the Law envisages that five sectors eligible for PPP investment include: a/ Transportation; b/ Power grids, power plants, except for hydroelectricity power plants and cases of State monopoly in accordance with Electricity Law; c/ Irrigation: water supply, drainage, and wastewater treatment, waste treatment; d/ Healthcare, education, training; e/ Infrastructure for application of information technology. The PPP law also stipulates the total investment capital requirement for a PPP project. For instance, excluding Operation & Maintenance Contracts, power projects must have the minimum total invested capital of VND200 billion (US$8.7 million). The figure is lower (VND100 billion) for projects in areas with difficult socio-economic conditions. Importantly, the law emphasizes the importance of bankable PPP contracts . Duane Morris suggested that the National Assembly should consider providing a bankable PPP contract template in the law itself or in its guiding decree/circular. In …

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The Hanoitimes - Vietnam vows to conduct all possible measures to defend its legitimate sovereignty and jurisdiction in the East Sea. Countries need to comply with international laws and treaties in making maritime laws related to the East Sea (refer to the South China Sea), Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang said at a press conference held in Hanoi on January 29. Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang. Photo: Viet Linh Ms. Hang made the call while responding to a reporter’s query regarding the China’s Coast Guard Law, which was passed by the National People’s Congress Standing Committee, the top legislative body of China, on January 22. She opposed the China’s law that allows the agency to “take all necessary measures, including the use of weapons, when national sovereignty, sovereign rights, and jurisdiction are being illegally infringed upon by foreign organizations or individuals at sea.” “In making law on maritime, all countries are obliged to follow international law and treaties that they are signatory, mostly the United Nations Convention on the Law of the Sea 1982 (UNCLOS),” Ms. Hang said. “Vietnam has full legal basis and historical evidence to assert its sovereignty over the Paracel and Spratly Islands in accordance with international law; sovereignty, sovereignty rights, and jurisdiction on waters defined in the UNCLOS; and determined to conduct all possible measures to defend the legitimate rights,” Ms. Hang said. Vietnam demands countries to respect Vietnam’s sovereignty, sovereignty rights, and jurisdiction in the East Sea and be responsible for enforcing international law and UNCLOS without taking action that possibly escalate tension, actively contributing to building trust, maintaining peace and stability, and promoting maritime security in the sea. International media reported that the law for the first time explicitly …

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SYDNEY -- Australia will not change proposed laws that would make Alphabet Inc’s Google and Facebook pay news outlets for content, a senior lawmaker said on Monday, despite vocal opposition from the Big Tech firms. Facebook has strongly protested the laws and last week abruptly blocked all news content and several state government and emergency department accounts. The social media giant and Australian leaders continued discussing the changes over the weekend. But with the bill scheduled for a debate in the Senate on Monday, Australia’s most senior lawmaker in the upper house said there would be no further amendments. “The bill as it stands ... meets the right balance,” Simon Birmingham, Australia’s Minister for Finance, told Australian Broadcasting Corp Radio . The bill in its present form ensures “Australian-generated news content by Australian-generated news organisations can and should be paid for and done so in a fair and legitimate way”. The laws would give the government the right to appoint an arbitrator to set content licencing fees if private negotiations fail. While both Google and Facebook have campaigned against the laws, Google last week inked deals with top Australian outlets, including a global deal with Rupert Murdoch’s News Corp. “There’s no reason Facebook can’t do and achieve what Google already has,” Birmingham added. A Facebook representative declined to comment on Monday on the legislation which passed the lower house last week and has majority support in the Senate. Lobby group DIGI, which represents Facebook, Google and other online platforms like Twitter Inc, meanwhile said on Monday that its members had agreed to adopt an industry-wide code of practice to reduce the spread of misinformation online. Under the voluntary code, the companies commit to identifying and stopping unidentified accounts, or “bots”, disseminating content, informing users of the origins of content, and publishing an annual transparency report, …

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