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REVISED LAW ON COMPETITION APPROVED
The National Assembly adopted the law on competition (revised) on June 12 with 95.28% of approval. The law on competition (revised) includes 10 chapters and 118 articles, defining acts of restraining competition or economic concentration which cause or threaten to restrict competition on the Vietnamese market; unfair competitive practices; competition proceedings; handling violations of the law on competition; State management on competition.
The law applies on business organizations or individuals including enterprises engaged in the production and supply of public-utility products and services, enterprises operating in the branches and domains under the State monopoly, public non-business units and foreign businesses operating in Viet Nam; association of branches and trades operating in Viet Nam.
Enterprises are free to compete in accordance with the laws. The State ensures the rights to legal competition in business. Competitive activities shall be conducted in the principle of honesty and fairness without infringing the interests of the State, public interests, legitimate rights and interests of enterprises and consumers.
The law stipulates the State’s policies on competition including creating and maintaining a fair, equal, healthy and transparent competitive environment, enhancing competition, ensuring the rights of free competition for businesses as regulated, enhancing the capacity of getting access to market, improving economic effectiveness, social welfare and protecting consumers’ interests as well as facilitating the society and consumers to join the supervision process of implementing the law on competition.
The revised law will come into effect since July 1, 2019.
Moving from a supporting role to leading organizational change, "Digital HR" now has the core HR functions and practices to fit the new needs created by the general business digital transformation. The Digital HR Summit in Vietnam is responding to an emerging business need to develop an effective awareness and adoption strategy in HR, with case studies from a range of European and International companies.
1. Mobile Money to boost noncash payments in Vietnam: minister 2. Insurance market keeps thriving in first months of 2019 3. Foreign investment pumped heavily into Vietnam 4. Clearing hurdles to enable private sector's greater participation in public service delivery 5. Lawmakers want fewer incentives to foreign investors ----and more news
1. Non self-propelled power supplying car supply2. Emergency breathing apparatus supply3. Stuff steam recovery system supply4. Air conditioner supply and installation5. Replacing materials supply-bid extend----and more news
The city has 17 industrial and export processing zones, one high-tech park and 16 industrial clusters, with over 1,600 enterprises and nearly 380,000 labourers. Of the number, about 65 per cent of them are migrants.
Việt Nam should take advantage of the next wave of digital technologies such as blockchain, Artificial Intelligence, Internet of Things and cloud-based services to become Asia’s next high-performing economy and improve the living standards of its residents, experts urged at a meeting held on Wednesday (May 22) in the city.
The city has for long had a policy of shifting factories from residential areas in the inner city, but does not tell them to relocate to industrial parks (IPs) or export processing zones (EPZs). So, over the years, many have obtained licences from authorities to build factories in residential areas in suburban districts.