Billions of VND almost lost for fake Bill of Lading
Oct 26, 2019At the end of 2016, a Vietnamese company (“CTV”) bought 4,000 tonnes of heavy steel scrap of melting, CFR Saigon Port, Incoterms 2010, payment by L/C at sight. The cargo was loaded onto a ship at Kobe port (Japan). Although the bank confirmed all documents were compliant on the surface, after investigation, lots of problems have been discovered.
Vietnam seeks to put cryptocurrency under control
Oct 26, 2019HCMC – The Prime Minister has approved the formulation of a legal framework to manage cryptocurrencies and digital assets.
Vietnamese Goverment encourages excessive business rules
Oct 26, 2019Prime Minister Nguyen Xuan Phuc has demanded that all corresponding government departments, agencies and institutions to adjust policies as part of an “action-minded” government, to unburden Vietnamese firms of unnecessary business regulations, namely redundant business permits and categorisation.
Vietnamese centre hosts first case under UNCITRAL rules
Oct 26, 2019The Vietnam International Arbitration Centre has handled its first ad hoc international commercial arbitration under the UNCITRAL rules – a case over architecture design services that raised issues regarding the appointment of a sole arbitrator and the interplay between the rules and the law of the seat. This incident has been published in the Global Arbitration Review under the name of two authors, Mr. Chau Viet Bac and Mr. Nguyen The Duc Tam.
Vietnam to apply more trade remedies to protect production
Oct 26, 2019The Ministry of Industry and Trade (MOET) has decided to impose anti-dumping duties of 3.17 to 38.34 percent on some galvanized steel imports from South Korea and China.
Public awareness key to littering law success
Oct 26, 2019Around 8am last Saturday, my son and I were taking a break on the banks of Ho Tay (West Lake) after riding around it on our bicycles. The sun was shining and we were enjoying the moment when it was rudely disrupted by a young couple.
Series of Vietnamese exporters fall prey to Canadian scammer company
Oct 26, 2019The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada.
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