[Hongkong] ICC - HKIAC: Hongkong Arbitration Summit 2015

Government advised to re-define public debt

The Government should consider international practices to re-define its public debt in the revised Law on Public Debt Management that is scheduled for submission to the National Assembly late this month.

Little State capital sold in SOE equitization

The equitization of State-owned enterprises (SOEs) has progressed well since 2011 thanks to various ministries and sectors, economic groups, and localities getting onboard, but within the 96.5 per cent of enterprises that have been equitized, only 8 per cent of State capital was transferred to the private sector.

“Vietnam has wisely not put all of its eggs in TPP basket”

Vietnam has not just a "Plan B", but also a plan C, D, E and F.

Arbitrator of VIAC in UNCITRAL Trade Law Forum

Dr Hang presented how international trade law was incorporated in the legal education curriculum in Viet Nam and the need of applying practical method and activities (simulation/moot court/moot arbitration) in the international trade law training.

Billions of VND almost lost for fake Bill of Lading

At 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

HCMC – The Prime Minister has approved the formulation of a legal framework to manage cryptocurrencies and digital assets.

Vietnamese Goverment encourages excessive business rules

Prime 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

The 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.