Legal proceedings on

Hanoi (VNA) - Prime Minister Nguyen Xuan Phuc has recently approved a legal assistance program for small-and medium-sized enterprises (SMEs) in the 2021-2025 period. The programme aims to promote awareness and sense of legal compliance and reduce legal risks and obstacles of SMEs that account for majority of the country’s total businesses, the Vietnam Government Portal (VGP News) reported. Under the programme, ministries, agencies and localities shall have to update policies and legal assistance programs for SMEs, collect all feedbacks regarding legal obstacles from SMEs and report to competent authorities for refining legal regulations. Legal assistance shall be conduct in a diverse manner, including direct and indirect forms such as forums and dialogues as well as via various platforms. Earlier on June 2019, the Government issued Decree No 55/2019/ND-CP on legal assistance to SMEs. The Decree outlines supporting policies for household businesses which change their business … [Read more...] about Gov’t continues legal assistance to SMEs

To improve the fund’s effectiveness, UNDP Resident Representative in Vietnam Caitlin Wiesen stressed the need to have a better understanding of the financial ecosystem for SMEs in Vietnam and a strategic role for a new lending channel to boost existing domestic funding. … [Read more...] about Gov’t urged to develop legal framework for direct lending for SME development

Phnom Penh (VNA) – Cambodia’s Minister of Justice Koeut Rith has directed the formation of two committees to begin the process of establishing separate courts for commercial and labour disputes, Phnom Penh Post reported on January 25. According to two decision letters issued on January 21, the committees are comprised of 20 members from the justice ministry, the Supreme Council of Magistracy, government delegates, the heads of the Phnom Penh Municipal Court and Appeal Court, and some other relevant officials. To prepare for the establishment of the commercial and labour courts, these two committees’ members have been asked to prepare documentation and legal briefs to determine each court’s relationship to the lower courts and the higher courts, including the Appeal Court and Supreme Court. The committees also have to conduct a study to determine the appropriate locations for these courts as well as examine any necessary changes to trade procedures and … [Read more...] about Cambodia to have trade, labour courts by this year’s end

A consumer inspects pork at a supermarket in HCMC. AVG Capital Partners based in Russia plans to develop a pork processing complex in Thanh Hoa Province with a total investment of US$1.4 billion – PHOTO: THE SAIGON TIMES HCMC – AVG Capital Partners based in Russia and the Thanh Hoa government have signed a memorandum of understanding to develop a pork processing complex with total investment of US$1.4 billion. … [Read more...] about Russian firm to build pork processing complex in Thanh Hoa