Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter July 2012

In this Newsletter, our Part I is a legal article written by our lawyer Mr. Nguyen Duc Hieu with the title: “A smarter branding scheme is needed”. In this article, we analyze the importance of a “branding scheme” to the business operation of enterprises in the context of economic restructure which is becoming a common trend over the world.

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

  1. Enhancement of conditions for listing shares on both Stock Exchanges;
  2. New regulations on reduction of corporate income tax and exemption from personal income tax of 2012;
  3. Credit institutions shall not be permitted to use more than 50% of charter capital to purchase fixed assets;
  4. To ban import of certain used information technology (IT) products into Vietnam from 01 September 2012.

Our Question and Answer section in Part III will provide you with legal information on liabilities of employees to the employer when the employees unilaterally and unlawfully terminate the labour contract.

As usual, at the end of the Newsletter, a selected list of new regulations is available for your further reference.

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

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