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Penalties imposed for violations of consumer rights provisions

Vietnam - May 14 2012 On 16 March 2012 the Vietnamese Government issued Decree No. 19/2012/ND-CP ("Decree 19") setting out sanctions for administrative offences of consumer rights legislation.

Eddie O'Shea.

Consumer rights protection law in Vietnam

Vietnam - March 30 2012 On 15 November 2010, the National Assembly passed the Law on Protection of Consumers’ Rights (“Law 59”) to replace the 1999 Ordinance on Protection of Consumers’ Rights (“Ordinance”), effective from 1 July 2011.

Eddie O'Shea.

Schedule to restructure credit institutions for the 2011-2015 period

Vietnam - March 26 2012 The Prime Minister (PM) of Vietnam approved the schedule to restructure the system of credit institutions for the 2011-2015 period (Schedule) on 1 March 2012 under his Decision No. 254/QD-TTg (Decision 254).

Cuong Manh Nguyen.

Mergers & acquisitions (M&A)

Vietnam - February 8 2012 Following the promulgation by the National Assembly of Vietnam of both Law No. 59/2005/ QH-11 on Investment (“Investment Law”) and Law No. 60/2005/QH-11 on Enterprises (“Enterprise Law”) on 29 November 2005 laying down the foundation for a new Vietnamese investment regime, the legal framework for an effective M&A sector in Vietnam has been evolving at a promising pace.

Independent audit of credit institutions and foreign bank branches

Vietnam - January 6 2012 On 15 December 2011, the State Bank of Vietnam (SBV) issued Circular No. 39/2011/TT-NHNN (Circular 39) on independent audit of credit institutions and foreign bank branches.

Cuong Manh Nguyen.