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INVESTORS POLLWhich city would you rather do business in ? Hanoi 22% Ho Chi Minh City 39% Da Nang 17% Hai Phong 22% Total votes: 18 |
Legal & RegulatoryVietnam to Regulate Trade Unions and Wage RatesAug. 25 – The Ministry of Labor, War Invalid and Social Affairs has been tasked to manage wage rate regulations at foreign-invested enterprises (FIEs) for unskilled and skilled workers. The Vietnam General Confederation of Labor (VGCL) said it will help expedite the establishment of grassroots trade-unions at FIEs. It added that only a third of operating FIEs had grassroots trade-unions despite the country’s labor code that required all companies to establish one within six months of obtaining their license. Vietnam Improves IP Rights ProtectionJuly 4- The two-day workshop, “The Cross Cutting Issues of WTO Accession” jointly held by the Ministry of Industry and Trade and the World Bank discussed Vietnam's improving legal system on the protection of intellectual property rights. Since the new IP laws were introduced 2 years ago, Vietnam has built a legal corridor for its implementation based on the Law on Intellectual Property Rights. IP protection is considered a vital part of national policy if a country wants to foster local innovation and creativity. Companies and individuals are not likely to invest time and energy in creating original work if the product can be easily copied and sold. |
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