Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter November 2017

Our Part I of this Legal Newsletter introduces the legal article titled “Identifying an increase in some corporate costs in 2018”, written by our Lawyers Nguyen Huu Phuoc, Cao Thi Hoang Oanh and Cao Xuan Huyen Trang. The article discusses how corporate costs will increase in 2018 due to a change in regulations in the areas of minimum wage and base salary and social insurance which were enacted in 2017 and will take effect in early 2018. The authors not only focus on analyzing these cost challenges but also bring up several advantages to enterprises in 2018 – a year with an optimistic forecast for economic and trade growth the world over in general and in Vietnam in particular.

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

  1. New decree on equitizing state owned enterprises
  2. Amending and supplementing many regulations on land management
  3. Detailed guidance on selecting bidders through the network

Apart from the above, as usual, our Part III will provide you with a selected list of new regulations issued in November 2017 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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