Measures must be taken to improve the quality of Vietnam’s legal documents, said policy researchers and businesses at a conference on October 17 in Hanoi.
The conference on Vietnam's law system is held in Hanoi on October 17 (Photo: VNA)
Hanoi (VNA) - Measures must be taken to improve the quality of Vietnam’slegal documents, said policy researchers and businesses at a conference on October 17 in Hanoi.
Participants urged policymakers to improve feasibility, logicand consistency to avoid half-baked regulations that unnecessarily complicatedbusiness operations or even contradicted existing laws.
A major sticking point in the process of policy-making has been a lack oftransparency and feedback from parties that are affected bythose policies, said legal experts. As a result, many legal documents wereproduced without a comprehensive evaluation of the potential socio-economicimpacts they could have.
“The quality of legal documents has a significant impact instrengthening businesses’ ability to compete, along with consumer experience,”said Dau Anh Tuan, head of the legal department under the VietnamChamber of Commerce and Industry (VCCI), the conference’s organiser.
“Policymakers must aim to remove legal barriers on marketintegration, to ensure trade liberalisation and to fight the influence ofinterest groups,” Tuan said.
“Compiling documents which impact the entire society andbusiness sector must not be fast-tracked, and must gather feedback from allaffected parties.”
ꦺ Mark Grillin, head of the Vietnam Business Forum’s tax andcustoms working group, said policymakers’ first priority in drafting a legaldocument is to identify its objectives.
Contingencies and alternatives should be carefullystudied to maximise effectiveness.
They must work together with affected parties to ensure agood understanding of how legal document would impact their activities. Closecooperation between policymakers and affected parties will help toproduce policies that do not favour certain groups at the expense ofeveryone else.
The list of affected parties must also be expanded to includeother stakeholders in supply chains and supporting industries, not just primaryplayers.
The transparency of tax-related legal documents is a matter ofutmost importance, said Nguyen Tien Vy, vice-presidentof the Vietnam Beer and Beverage Association.
Vy quoted a study conducted by the CentralInstitute of Economic Management that showed a change in the country’s tax lawwould affect not just the beverage industry but also its 21 supportingindustries and millions of consumers.
🌺 Below-par legal documents are also a hurdleto overcome as the country pushes for further integration into the globaleconomy with numerous international trade agreements./.
The Prime Minister's working group said on August 22 that ministries had drastically cut business conditions and administrative procedures in order to facilitate businesses’ activities, but more still needs to be done.
The northern province of Bac Ninh always creates the best possible conditions and promptly tackles obstacles for foreign enterprises, including those from the Republic of Korea (RoK), stated a local leader.
Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
Prime Minister Nguyen Xuan Phuc praised the important role of the Vietnamese business community in national development at a ceremony in Hanoi on October 13 to mark the 15th anniversary of Vietnam Entrepreneurs’ Day.
The stability of the regulatory system is key to luring foreign investment into Vietnam and the rights and benefits of foreign investors must be assured even when policies are changed, officials and executives have said.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The conference on Vietnam's law system is held in Hanoi on October 17 (Photo: VNA) 
