Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter May 2015

Our Part I of this Legal Newsletter introduces the article titled “Salaries in a State joint stock company – is it a private matter? ” written by Lawyer Nguyen Van Quynh and Paralegal Cao Hoang Oanh published in The Saigon Times dated 4 June2015. In this article, we analyzed and discussed a number of legal issues in the Draft legislation on the management salaries and bonuses for companies with controlling shares or equity capital held by the State. From that we raise a question as to whether theState can be deemed to heavily intervene into business activities, financial management and corporate budgeting of State owned companies in case this document is officially issued.

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

  1. Management of construction work quality
  2. Detailed guideline on derivatives
  3. Guidance on organization of auctions for land allotment and land lease

As usual, our Part III will then provide you with the selected list of new regulations issued in the month of April 2015 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.

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