Newspapers and journals
Incorrect calculation by State causes burden to the people
At the training program held by the Task force for Administrative Procedures reform of the Prime Minister, reporters of Vietnam Laws newspaper (Phap luat Viet Nam) had a discussion with expert Nguyen Hung Quang about the model of standard costs and ways of use for calculating compliance cost for administrative procedures. Mr. Quang reveals:
The biggest advantage of the Compliance cost calculation method is that it helps policy makers and law makers calculate which burden will be caused to the people and enterprises by each legal regulation related to administrative procedures and how much the state has to spend and invest for implementing such administrative procedure. This method of calculation does not assess the content or implication of the legal relationship governed by such legal regulation but only helps the identification of obligations of the performers…
Click the following link for full text:
http://www.moj.gov.vn/p/tag.idempotent.render.userLayoutRootNode.target.n65.uP?uP_root=me&cmd=item&ID=14331
Reducing 30% of administrative procedures: to save 130 thousand billion dong
On 9 December in Ha Noi, the Task Force of Administrative Procedure Reform held a training session on the method of calculating compliance cost for administrative procedures.
Accordingly, about 130 thousand billion dongs may be saved in only ten years if only administrative procedures are reduced by 30% in comparison with those at the present.
Click the following link for full text:
http://vneconomy.vn/20091210100637474P0C9920/giam-30-thu-tuc-hanh-chinh-tiet-kiem-130-nghin-ty-dong.htm
Using a standard cost norm in administrative procedure compliance cost for the people’s sake
Using a standard cost norm as a calculation tool for analyzing each activity done by each individual or organization in complying with regulations on administrative procedures will help state authorities to quantitize the interest brought about by Project 30, and it is also the way of act for the people’s interest.
This has been confirmed by consulting experts at the Training session on the method of calculating compliance cost for administrative procedures held by the Task Force of Administrative Procedure Reform on 9 December in Ha Noi.
Also at this training session, through overall presentation and detail introduction of the standard cost norm of method, measurement and calculation of compliance cost for administrative procedures, two consulting experts including Mr. Le Duy Binh and Mr. Nguyen Hung Quang gives vivid and effective examples for such calculation method. For instance, regarding tax reporting procedures, if the frequency of tax report is reduced from 12 down to 4 times a year, it will help to save 650 billion dongs each year for enterprises (for 325,000 enterprises); or the abrogation of procedures for granting certificates of trading pesticides may save approximately 31 billion dongs each year...
Click the following link for full text:
http://www.cpv.org.vn/cpv/Modules/News/NewsDetail.aspx?co_id=0&cn_id=376707
A separate law for M&A: Not easy
Controversies on the possibility of establishing separate legal documents on merger and acquisition (M$A) activities have been clearly denoted in the report of the Research Team including lawyers from three prestigious national and international law firms to be presented at the Seminar of “Studying disadvantages of Vietnamese laws on M&A activities” held by CIEM on 31 December 2009 in Ha Noi.
Team Leader, Mr. Nguyen Hung Quang, Managing Partner of NHQuang & Associates, expresses his view that a separate legal document governing M&A activities is unnecessary.
According to Mr. Quang, M&A activities cover across several fields. From the study of foreign countries’ experience, none of them has separate regulations on M&A. “Several legal regulations at different levels including law, decree and circular govern parts of these activities. If there is such a separate document, it will be easily changed or partly invalidated by later promulgated specific legal documents” stated by Quang.
Click this link for full article: tinnhanhchungkhoan.vn
M&A: No need for a separate law?
Recently, the Research team including lawyers from 3 prestigious law firms from inside and outside the country has presented the Report on whether it is necessary to establish a separate legal normative document governing this activity at the Seminar of “Studying disadvantages of Vietnamese laws on M&A activities” held by CIEM.
Team Leader, Mr. Nguyen Hung Quang, Managing Partner of NHQuang & Associates, expresses his view that a separate legal document governing M&A activities is unnecessary. As for him, M&A activities cover across several fields. From the study of foreign countries’ experience, none of them has separate regulations on M&A. Instead, several legal regulations at different levels including law, decree and circular govern parts of these activities. Mr. Quang is also afraid that if there is such a separate document, it will be easily changed or partly invalidated by later promulgated specific legal documents.
Click this link for full article:
http://www.nguoidaibieu.com.vn/pPrint.aspx?itemid=94188
Punishing violations in securities: Later or Never
In recent time, the State Securities Committee has made several decisions on punishing companies committing act of offering securities to the public while they have not been permitted by laws. The SSC even makes a list including 22 securities companies whose charter capital does not satisfy the regulations of the Law on Securities but they still offer stocks to the public. Is this a newly arising illegal way to call for capital in Vietnam due to recent crisis of capital sources? Or is it only a conventional and systematic act but just discovered by the SSC?
Lawyer Nguyen Hung Quang, Managing Partner of NHQuang & Associates has had an article on this issue published on Securities Investment Review issued on 12 November 2008.
Click this link for full article: Tinnhanhchungkhoan.vn
In discussing about regulations of the Investment Law
In discussing about regulations of the Investment Law, Mr. Luong Hai Binh, lawyer of NHQuang & Associates, talked in 2008 that “According to the Investment Law and its regulations, foreign invested enterprises are considered Vietnamese enterprises. But when thay make an investment in or contribute capital to another enterprise, does this mean they should be considered foreign investors, or domestic ones?”
Click the following link for full text: Business Issues Bulletin No. 24 (27) 2008, BIZIC, VCCI
Brand’s Personality
…Individuals or institutions wishing to create the ego or characters of themselves or of their brand shall need to behave beyond common acts. These differences are created by the ‘personality’ or ‘dignity’ of law applicants. In other words, the self-commitment of an airlines corporation for special support during transportation, in this circumstance, shall be an evidence for its ‘personality’ and ‘dignity’
Click this link for full article:
http://www.sgtt.com.vn/web/tintuc/default.aspx?cat_id=0&news_id=25899
An Article of Nguyen Hung Quang on Sai Gon Tiep Thi Journal on 30/8/2007
back to top