Update

National Assembly passed six important laws

National Assembly passed six important laws

ANT Lawyers, Nov 23rd, 2012

The Standing Committee of the National Assembly undertook revision of Clause 1, Article 3 of the Draft Law as follows: “Cooperatives are the collective economic organizations with co-ownership and have legal status, established by at least seven members whom voluntarily provide assistance and cooperation in the production and trade businesses, in order to create jobs and meet the needs of their members, on the basis of self-reliance, self-responsibility, democracy and equality in the cooperative management “.

At the same time, The Standing Committee of the National Assembly have added Clause 3, Article 3, as follows: “When cooperatives, unions of cooperatives developed to a higher level, it will form business cooperatives unions of cooperatives; business cooperatives and unions of cooperatives operating under the Enterprise Law.”

The National Assembly voted to adopt five other bills, including the Law on amending and supplementing a number of Articles of the Law on Lawyers; Law on  amending and supplementing a number of articles on the Electricity Law; Tax Management Law; National Reserve Act and Publishing Law (amendment).

With the Electricity Law, The Standing Committee of the National Assembly amended and supplemented a number of provisions at Point a, Clause 2, Article 39, Electricity Law on the obligation to comply with the safety regulations on dams and transport reservoir; supplemented Clause 1, Article 54 that “Water reservoirs, dams and ancillary works for hydropower plants have to be built, managed, protected to ensure safe operation for the power plants and the downstream “.

For Lawyers Law, before the adoption of the entire bill, the National Assembly has voted to reject the draft clause that allow law lecturers, government officials practising law.  Chairman of the Judiciary Committee Mr. Nguyen Van Hien said that allowing government officials to practise law will disperse resources, affecting professional expertise and in the meantime it will be challenging to ensure the quality of the legal profession.

ANT Lawyers

Recent Posts

The Employment in Vietnam Guide: 12 Key Legal Answers for Foreign Companies Entering the Market

Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…

6 days ago

13 Critical Steps To Respond to Thailand’s Tough Anti-Dumping Investigation on Cold Rolled Stainless Steel

On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…

3 weeks ago

Anti-Dumping Investigation on Wood Fiber Boards from Thailand and China (AD21)

On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…

1 month ago

Kick-Off Event of the 2024 International Mediation Writing Competition in Vietnam

The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…

1 month ago

The 2024 Law on the Organization of Courts in Vietnam: Judicial Reform Towards Transparency

In recent years, Vietnam has continuously enhanced its legal framework to meet the demands of…

1 month ago

Real Estate Tax Policy in Vietnam: 10 Insights for Understanding the Challenges and Opportunities

Vietnam’s dynamic economic growth and hot real estate market have drawn the attention of investors…

2 months ago