Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter April 2012

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “Bad debt recovery – What method to choose written by our lawyer Mr. Nguyen Huu Phuoc. By this article, we provide a number of our comments regarding the methods applied for bad debt recovery to help enterprises to choose the proper manners to recover their bad debts most efficiently as well as in compliance with Vietnam laws.

In Part II, we would like to provide you with some remarkable regulations as follows:

  1. Increasing the common minimum wage rate as from 01 May 2012.
  2. New regulations on information disclosure for the stock market.
  3. Reducing the maximum interest rate for Vietnam Dong deposits of organizations and individuals in the credit institutions or branches of foreign banks.
  4. Guiding the policy on personal income tax.

Our Question and Answer section in Part III will provide you with legal information regarding the right of female employees to be off to care for their sick children under seven years old.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

The end of this Newsletter is our announcement of new staffs. Accordingly, Lawyer – LL.M. Nguyen Duc Hieu will officially join our Board of Partners and LL.M. Bui Tien Long will join our professional lawyer team from May 2012.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

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