Regulation & trade round-up
Published: April 12, 2005
- Vietnam is in the process of creating a unified legal framework for the conduct of business. The proposed Enterprise Law will merge laws addressing different types of companies, including the State-owned Enterprises Law and the Foreign Investment Law. The proposed law, still at the draft stage, is expected to make significant headway into streamlining the regulation of business activity in Vietnam. For example, under the law, foreign investors will be able to form any type of company instead of only limited liability companies.
Vietnam is also in the process of reviewing a draft law on intellectual property rights, which is expected to be ratified later this year.
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