10 Essential Insights on Employment Law Solicitors in Vietnam: Resolving Workplace Disputes Effectively

  Complying with employment law in Vietnam can be a challenging for both employers and employees, particularly when conflicts arise due to the involvement of personal emotions. There are many possibilities that actions taken when people are not in best shape of minds could result in unrepeatable relationship or leading to potential disputes not being resolved the most effective ways.

Disputes over contract terms, unfair dismissal, wage issues, or workplace harassment are not uncommon, and they can lead to significant stress and financial loss if not handled properly.

Understanding the legal framework governing these issues is crucial for ensuring fair treatment and compliance with the labour law in Vietnam.

In all cases, take a moment to control emotions and consider whether employment law solicitors in Vietnam could come in and help. They could play an important role in guiding both employees and employers through legal proceedings, helping to resolve conflicts efficiently and equitably.

In the following, we we will explore the most common employment disputes in Vietnam, the legal processes involved, and how solicitors can provide crucial assistance in navigating these challenges.

Understanding Employment Disputes in Vietnam

Employment disputes in Vietnam can stem from various issues, ranging from contract termination to workplace harassment. The Vietnamese labour law sets out regulations governing the rights and responsibilities of both employers and employees. Common disputes include wrongful termination, wage discrepancies, contract violations, and cases of harassment or discrimination. Each of these scenarios presents unique challenges and requires a deep understanding of the law.

Wrongful termination is a particularly frequent issue, where an employer might dismiss an employee without following the proper legal procedures, or without just cause. Similarly, disputes over wages, including unpaid salaries, overtime, and incorrect wage calculations, are also common.

Issues of workplace harassment and discrimination, though often less visible, can lead to serious legal battles if not addressed appropriately.

In each of these cases, employment law solicitors in Vietnam are essential for interpreting the relevant laws, advising clients on their rights, and ensuring that disputes are resolved in a just manner.

The Role of Employment Law Solicitors in Vietnam

Employment law solicitors in Vietnam specialize in legal matters related to the workplace, offering a range of services that are indispensable in conflict resolution. Their primary function is to provide legal advice and representation in disputes, but their role extends far beyond the courtroom.

Solicitors are important in drafting and reviewing contracts, ensuring that employment agreements are clear, fair, and legally binding. This proactive approach can help prevent disputes from arising in the first place which the employers should employ as part of risk management.

When conflicts do occur, these solicitors act as advocates for their clients, representing them during negotiations, mediations, and, if necessary, in court proceedings.

Their understanding of Vietnamese labour law, with sense of culture, local practice allows them to handle the complexities of each case, whether they are advocating for an employer defending against an unfounded claim, or an employee seeking justice for unfair treatment.

By consulting employment law solicitors in Vietnam, both sides can approach disputes with a clearer understanding of their rights and obligations, often leading to faster and more amicable resolutions.

Common Employment Law Disputes and How Solicitors Assist

Wrongful termination remains one of the most frequent issues dealt with by employment law solicitors in Vietnam. An employer might terminate a contract without following the correct legal process, or might dismiss an employee without sufficient cause.

In such cases, solicitors help employees understand their rights, evaluate the legality of the termination, and seek compensation or reinstatement if necessary. For employers, they provide guidance on adhering to legal procedures to avoid potential pitfalls that could lead to wrongful dismissal claims.

Wage disputes also form a significant part of employment conflicts. Employees may find themselves in situations where they are not paid correctly, whether due to unpaid salaries, miscalculated wages, or denial of agreed bonuses. Employment law solicitors in Vietnam would be carefully reviewing payroll records and employment contracts to check if there has been a violation of wage laws. They can negotiate settlements on behalf of employees and ensure that employers rectify any discrepancies.

Another crucial area is the issue of workplace harassment and discrimination. Every employee has the right to a safe and respectful work environment, and employers are obligated to uphold this standard.

When allegations of harassment or discrimination arise, solicitors can conduct investigations, gather evidence, and help victims file claims. They also work with employers to establish clear anti-harassment policies, aiming to create a work culture that prevents such issues from occurring in the first place.

Why You Should Hire Employment Law Solicitors in Vietnam

The complexities of labour law in Vietnam require specialized knowledge, and this is where employment law solicitors in Vietnam prove their worth. The legal framework in Vietnam can be distinct from that of other countries, with specific regulations that may not be familiar to international companies operating within its borders. Solicitors bring an understanding of these local statutes, ensuring that both employers and employees receive advice that aligns with Vietnam’s legal requirements. Cultures and local practice also play a big role in finding the mutual understanding between disputants.

Another reason to engage the services of employment law solicitors is their ability to mediate and negotiate. Not all disputes need to end up in court; in fact, many can be resolved amicably through negotiation.

Employment law solicitors in Vietnam are trained negotiators who aim to settle disputes without lengthy and expensive litigation. This approach not only saves time and money but also helps preserve professional relationships that might otherwise be damaged by a contentious legal battle.

However, when negotiations fail, solicitors are prepared to take the matter to court. They will represent their clients, presenting well-prepared cases, cross-examining witnesses, and arguing for the best possible outcome. Having a professional legal advocate by your side ensures that your case is handled with expertise, increasing the likelihood of a favorable resolution.

Navigating the Legal Process: Steps Taken by Employment Law Solicitors in Vietnam

The process of resolving employment disputes typically follows several key steps. Initially, employment law solicitors in Vietnam will conduct a thorough evaluation of the case. This involves reviewing all relevant documents, such as employment contracts, company policies, and correspondence, to understand the details of the dispute. This initial assessment helps determine the strength of the case and the best course of action.

Following the evaluation, solicitors provide legal advice to their clients. This advice includes a realistic assessment of the case’s merits, potential legal strategies, and possible outcomes. If the case requires legal action, solicitors proceed by drafting the necessary claims or defenses, gathering evidence, and formulating a comprehensive legal argument.

Mediation are often employed as means of resolving disputes outside the courtroom. During these sessions, employment law solicitors in Vietnam advocate for their clients, striving to reach a settlement that satisfies all parties. If these efforts are unsuccessful, the dispute may be escalated to litigation, where the solicitor will present the case in court. This involves a rigorous process of preparing arguments, examining evidence, and ensuring that the client’s position is robustly defended.

Employment Contracts: Preventing Disputes Before They Arise

A significant part of the solicitor’s role involves drafting and reviewing employment contracts to prevent disputes from occurring in the first place. Contracts that are vague, poorly drafted, or non-compliant with Vietnamese labor law can lead to misunderstandings and legal challenges.

Employment law solicitors in Vietnam help businesses draft labour contracts that clearly outline the terms of employment, including salary, job responsibilities, and conditions for termination.

Furthermore, they assist in reviewing existing contracts to ensure that they comply with current legal standards and suggest updates to reflect changes in the law. This proactive approach helps prevent legal disputes, as both employers and employees have a clear understanding of their rights and responsibilities from the outset.

Legal Representation for Employers: Ensuring Compliance and Risk Management

For employers, maintaining compliance with Vietnam’s labor laws is not just a matter of avoiding disputes; it’s about fostering a positive and productive workplace.

Employers must navigate a host of regulations concerning worker rights, benefits, safety, and contractual obligations. Employment law solicitors in Vietnam offer invaluable support in this area by advising on compliance issues, drafting company policies, and developing employee handbooks that help set clear guidelines.

Solicitors also represent employers during disputes, whether they are brought by individual employees, labor unions, or government bodies. They provide guidance on best practices during workplace restructuring, redundancies, and mergers, helping businesses manage risks and avoid legal complications.

Employment Law Solicitors in Vietnam for Employees: Advocating for Fair Treatment

Employees facing legal challenges in the workplace often feel vulnerable, especially when going up against a larger employer. Employment law solicitors in Vietnam play a crucial role in advocating for these individuals. They help employees understand their rights, negotiate fair severance packages, and represent them in labor tribunals and courts. By seeking the support of experienced solicitors, employees can navigate their disputes with greater confidence, knowing that they have a professional fighting for their fair treatment.

The Importance of Documentation in Employment Disputes

Documentation is a critical aspect of any employment dispute. Without proper records, it can be difficult to prove or disprove claims, making it harder to resolve conflicts. Employment law solicitors in Vietnam emphasize the importance of maintaining thorough records, including contracts, payroll documents, communication logs, and company policies. These documents can serve as crucial evidence in legal proceedings, strengthening a client’s case and aiding in achieving a favorable outcome.

Choosing the Right Employment Law Solicitor in Vietnam

Selecting the right solicitor can make a significant difference in the outcome of an employment dispute. Factors to consider include the solicitor’s experience, specialization in employment law, reputation, and communication style. A good solicitor will not only provide expert legal advice but also maintain clear and open communication, keeping clients informed throughout the process.

Employment disputes can be complex and fraught with emotional and financial implications. However, with the assistance of employment law solicitors in Vietnam, these disputes can be managed efficiently and fairly. Whether dealing with issues of wrongful termination, wage discrepancies, or workplace harassment, these legal professionals offer invaluable support by providing expert advice, negotiating settlements, and representing clients in legal proceedings. Understanding the role of employment law solicitors and knowing when to seek their assistance can make a substantial difference, ensuring that your rights are protected and that disputes are resolved with the least amount of stress and disruption.

About ANT Lawyers, a Law Firm in Vietnam

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest rate protection, risk mitigation and regulatory compliance. ANT lawyers has lawyers in Ho Chi Minh city, Hanoi,  and Danang, and will help customers in doing business in Vietnam.

Source: https://antlawyers.vn/update/employment-law-solicitors-in-vietnam-tips.html

7 Essential Insights on Intellectual Property Lawyers in Vietnam for Foreign Businesses

  In the growing economy of Vietnam, which attract many foreign investors, companies doing business, intellectual property (IP) rights are a cornerstone for businesses seeking to establish and grow their presence.

Foreign companies entering the Vietnamese market must navigate a complex landscape of IP regulations, making the role of intellectual property lawyers in Vietnam indispensable.

In here, we discuss critical aspects of hiring and working with these professionals to protect your innovations and ensure legal compliance.

Why Foreign Companies Need Intellectual Property Lawyers in Vietnam?

The decision to hire intellectual property lawyers in Vietnam can significantly impact a foreign company’s success.

Here are the primary scenarios where their expertise becomes essential:

1. Registering Intellectual Property Rights

Vietnam requires foreign businesses to formally register their intellectual property to gain protection under local laws. Intellectual property lawyers in Vietnam assist in ensuring your trademarks, patents, copyrights, and industrial designs are accurately filed with the National Office of Intellectual Property (NOIP).

2. Protecting Against IP Infringement

The risk of IP infringement in Vietnam, such as counterfeiting or unauthorized use, underscores the need for vigilance. Intellectual property lawyers in Vietnam provide the necessary legal support to enforce your rights and prevent financial and reputational losses.

3. Drafting and Negotiating Licensing Agreements

Licensing is a common strategy for foreign businesses in Vietnam. Lawyers help draft and negotiate agreements that protect your interests while adhering to Vietnamese regulations.

4. Conducting IP Audits

Foreign companies with extensive IP portfolios benefit from regular audits to ensure proper protection and identification of potential risks. Intellectual property lawyers in Vietnam can perform these audits efficiently.

5. Resolving Disputes Efficiently

Whether through litigation or alternative dispute resolution, intellectual property lawyers in Vietnam offer strategies to resolve disputes effectively, safeguarding your business’s reputation.

6. Expanding Business in Vietnam

As foreign companies grow their operations, new IP-related challenges often arise. Lawyers ensure that your trademarks, patents, and copyrights are protected in new regions or product categories.

7. Navigating Cultural and Legal Complexities

Vietnam’s cultural and regulatory environment can be challenging for foreign entities. Intellectual property lawyers in Vietnam provide tailored advice to address cultural and legal intricacies.

What Services Do Intellectual Property Lawyers in Vietnam Offer?

With the proper license to be accepted by National Office of Intellectual Property, a law firm could provide intellectual property related services.  A deeper understanding of the services these professionals provide can help foreign businesses make informed decisions:

1. Trademark Services

• Registration of new trademarks
• Renewal of existing trademarks
• Opposition and cancellation proceedings

2. Patent Services

• Patent drafting and filing
• Patent searches and analysis
• Enforcement of patent rights

3. Copyright Protection

• Registration of original works
• Advice on copyright ownership and licensing
• Enforcement against unauthorized use

4. Industrial Design Protection

• Filing and registration of industrial designs
• Advising on the scope of protection
• Enforcement against infringements

5. Trade Secrets

• Advising on trade secret protection strategies
• Drafting confidentiality agreements
• Addressing breaches of confidentiality

6. Litigation and Dispute Resolution

• Representing clients in court or arbitration
• Negotiating settlements
• Advising on risk management during disputes

Key Qualities to Look for in Intellectual Property Lawyers in Vietnam

Foreign businesses should carefully evaluate potential lawyers to ensure their needs are met effectively. Here’s what to consider:

1. Specialization in Intellectual Property Law

Choose lawyers with demonstrated expertise in IP law, particularly those familiar with the needs of foreign businesses.

2. Knowledge of Local and International Regulations

Intellectual property lawyers in Vietnam must have in-depth knowledge of Vietnamese laws and international agreements.

3. Strong Communication Skills

Clear communication is vital, especially when dealing with foreign clients unfamiliar with local laws. IP Lawyers who can explain complex legal concepts in simple terms are invaluable.

4. Understanding of Cultural Nuances

Navigating Vietnam’s unique cultural and business environment requires sensitivity. Lawyers with local experience can bridge potential gaps in understanding.

When Should You Hire Intellectual Property Lawyers in Vietnam?

Understanding the right time to engage an IP lawyer is crucial. Consider these scenarios:

1. During Market Entry

As you enter Vietnam’s market, early engagement ensures your IP is protected from the outset.

2. When Expanding Product Lines

Adding new products or services often requires additional IP protections. Lawyers ensure all new developments are covered.

3. In Response to IP Threats

If you suspect infringement or unauthorized use of your IP, immediate legal intervention can minimize damages.

4. When Licensing IP

Entering licensing agreements requires legal expertise to ensure favorable terms and compliance.

How Do Intellectual Property Lawyers in Vietnam Protect Your Business?

These professionals employ various strategies to safeguard your IP assets:

1. Due Diligence

They assess existing IP to identify vulnerabilities and recommend protective measures.

2. Monitoring Services

Lawyers track unauthorized uses of your trademarks, patents, or copyrights, enabling prompt enforcement.

3. Comprehensive Documentation

Maintaining detailed records of registrations and agreements ensures your rights are enforceable.

4. International Coordination

For foreign companies, lawyers often coordinate with international firms to address cross-border IP issues.

Preparing for Your Consultation With Intellectual Property Lawyers in Vietnam

Effective preparation can make your consultation with intellectual property lawyers in Vietnam more productive. Follow these steps:

1.Gather Essential Documents

Prepare drafts of your creations, evidence of infringement, and previous registration certificates.

2.Define Your Objectives

Clarify whether you’re seeking IP registration, dispute resolution, licensing agreements, or another specific service.

3.Compile Relevant Questions

Ask about the registration process, expected timelines, and potential challenges. For instance:

• What documentation is required for IP registration in Vietnam?
• How does the litigation process for IP infringement work?

4.Be Honest and Transparent

Provide accurate and complete information about your situation to enable the lawyer to offer the best advice.

Protecting Your Business With Intellectual Property Lawyers in Vietnam

The expertise of intellectual property lawyers in Vietnam is indispensable for foreign companies aiming to secure their innovations and maintain compliance. By understanding the scenarios in which to hire them, evaluating qualifications, and preparing effectively, businesses can make informed decisions. Whether you are entering the market or expanding operations, investing in skilled legal counsel is a step toward long-term success in Vietnam’s dynamic business environment.

About ANT Lawyers, a law firm in Vietnam

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest rate protection, risk mitigation and regulatory compliance. ANT lawyers has lawyers in Ho Chi Minh city, Hanoi,  and Danang, and will help customers in doing business in Vietnam.

Source: https://antlawyers.vn/ip/intellectual-property-lawyers-in-vietnam.html

6 Powerful Insights into Unfair Dismissal Compensation in Vietnam: Safeguard Your Rights Today

  Imagine losing your job unexpectedly, in a foreign country, with little understanding of your rights, scenario that no one wants to face.

For foreign employees working in Vietnam, understanding the concept of unfair dismissal compensation in Vietnam is not just important; it’s essential for protecting your financial security and professional integrity.

Unlawful terminations can leave you feeling helpless, but there are clear legal protections in place to help you navigate these challenges.

In here, we discuss your roadmap to identifying unfair dismissal, understanding your rights under Vietnamese law, and claiming the compensation you deserve. Am yourself with the knowledge to tackle this difficult situation with confidence.

What Is Unfair Dismissal Compensation in Vietnam?

Unfair dismissal compensation in Vietnam refers to monetary or non-monetary remedies granted to employees whose termination violates the Labor Code of Vietnam. For foreign employees, this includes dismissals that occur without valid reasons, fail to follow legal procedures, or result from discriminatory practices.

Key Points to Understand:

1. Legal Grounds for Termination: Employers can terminate contracts only under specific circumstances, such as severe misconduct, redundancy, or long-term illness. Terminations outside these grounds are likely unfair.
2. Procedural Fairness: Employers must follow strict procedures, including written notice and trade union consultation (if applicable).
3. Compensation Entitlements:
   • Back pay for unpaid wages during the unlawful dismissal period.
   • Severance benefits as mandated by law.
   • Additional compensation equivalent to at least two months’ salary.
   • Reinstatement, if the employee opts for it.

Why Unfair Dismissal Compensation in Vietnam Matters for Foreign Employees

1. Protecting Your Financial Security

Unlawful termination can leave you financially vulnerable. Compensation helps cover lost income, benefits, and future earnings.

2. Ensuring Legal Protections

The Labor Code ensures that both foreign and domestic employees are treated fairly. Understanding these protections helps you assert your rights confidently.

3. Preserving Professional Integrity

Pursuing compensation upholds your professional reputation and discourages employers from engaging in unlawful practices.

Clear Steps to Claim Unfair Dismissal Compensation in Vietnam

1. Understand Your Rights

Start by verifying whether your dismissal qualifies as unfair. Check for:

• Lack of a valid reason for termination.
• Failure to follow legal notice periods or procedures.
• Discriminatory or retaliatory actions.

2. Review Your Employment Documents

Thoroughly examine your:

• Employment contract for terms on termination.
• Work permit and related documents to ensure compliance with Vietnamese labor laws.
• Termination letter for procedural inconsistencies.

3. Gather Evidence

Strong evidence strengthens your case. Collect:

• Emails or written communications related to your dismissal.
• Performance reviews and employment records.
• Witness statements, if applicable.

4. Seek Mediation

In Vietnam, labor disputes often begin with mediation. Contact the Labor Mediation Council or engage a neutral third-party mediator to negotiate a resolution with your employer.

5. File a Complaint with Authorities

If mediation fails, escalate the matter by:

• Filing a complaint with the Department of Labor, Invalids, and Social Affairs (DOLISA).
• Pursuing legal action through the People’s Court if necessary.

6. Engage Legal Representation

Given the complexities of Vietnamese labor law, hiring a labor dispute lawyer in Vietnam experienced in unfair dismissal compensation in Vietnam can significantly improve your chances of success.

What Does Unfair Dismissal Compensation in Vietnam Cover?

1. Back Wages: Compensation for unpaid salaries from the time of unlawful termination until resolution.
2. Severance Allowance: Mandatory payment if the employee has worked for at least 12 months.
3. Additional Compensation: At least two months’ salary as mandated by law.
4. Reinstatement and Benefits: Employees opting for reinstatement are entitled to benefits and back pay during the period they were unable to work.

Challenges Foreign Employees May Face

Work Permit and Visa Issues

Ensure your work permit is valid throughout your employment. Expired permits can complicate claims for compensation.

Language and Cultural Barriers

Navigating legal processes in Vietnamese can be challenging. Engage translators or legal professionals to bridge the gap.

Employer Retaliation

Although retaliation is illegal, some employers may attempt to intimidate claimants. Proper documentation and legal counsel can mitigate these risks.

When to Claim Unfair Dismissal Compensation in Vietnam

Act Promptly

Vietnamese law requires claims to be filed within a number of days of the dismissal. Delays can jeopardize your case.

Timing Considerations

• Attempt internal grievance resolution or mediation first.
• Ensure all required documentation is in place before filing a formal complaint.

Final Thoughts

Unfair dismissal can be a daunting experience, especially for foreign employees in Vietnam. However, by understanding your rights, gathering evidence, and following the proper steps, you can confidently pursue unfair dismissal compensation in Vietnam. This process not only safeguards your financial interests but also promotes a fair and transparent work environment.

If you find yourself facing an unfair dismissal, act swiftly and seek legal advice to ensure you receive the compensation and justice you deserve.

About ANT Lawyers, a Law Firm in Vietnam

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest rate protection, risk mitigation and regulatory compliance. ANT lawyers has lawyers in Ho Chi Minh city, Hanoi,  and Danang, and will help customers in doing business in Vietnam.

Source: https://antlawyers.vn/update/unfair-dismissal-compensation-in-vietnam.html

The 2024 Amended Securities Law: A Bold Step Towards Market Integrity

  The stock market is one of the most important areas for raising capital and meeting investment needs in the economy. However, ensuring transparency and fairness in the stock market has always been a top priority. Against this backdrop, the 2024 Amended Securities Law, which revises several key provisions, has been approved by the National Assembly of Vietnam and will officially take effect on January 1, 2025.

Concept and Role of the Stock Market

The stock market is a platform for trading securities such as stocks, bonds, and other financial instruments. It is an essential tool for raising capital for businesses, increasing liquidity for investors, and ensuring the efficient allocation of financial resources.

However, the stock market also faces numerous risks, especially in the form of unethical practices. These acts often distort supply, demand, and market information.

New Provisions on Stock Market Practices Under the 2024 Amended Securities Law

Under the 2024 Amended Securities Law, several actions are now clearly outlined as improper market activities, including the following six practices:

Using multiple trading accounts to create false supply and demand

This behavior includes using multiple trading accounts (belonging to oneself or others) to continuously buy and sell a specific stock. The purpose is to create an illusion of demand or supply, thus affecting stock valuation unfairly.

Placing buy and sell orders for the same stock on the same trading day

This involves collusion to buy and sell the same stock on the same trading day without the actual transfer of ownership. Ownership simply rotates among a select group of participants to mislead other market participants.

Intentional trading during critical market hours

This involves large volume trading during market openings or closings to create artificial price impacts. These practices unfairly alter how investors perceive stock value.

Creating partnerships for coordinated trading activities

Linked trading groups use strategies to impact prices unfairly. These strategies could influence trading volume and lead investors to misunderstand market direction.

Disseminating misinformation to the public

Spreading false or misleading information to influence market prices is another behavior specifically prohibited under the 2024 Amended Securities Law.

Employing additional disruptive methods

Using innovative tactics that bypass traditional oversight mechanisms yet still mislead the market is another concern addressed directly in the 2024 Amended Securities Law.

The Impact of Market Malpractice and the Role of Regulation

These actions collectively disrupt three fundamental components of the stock market:

Individual Investors

Individual investors, particularly newcomers or small-scale participants, may face greater losses due to unethical trading practices, especially from misinformation or artificial inflation.

Listed Corporations

Even well-managed corporations can be victims of manipulation. Market fluctuations driven by false perceptions jeopardize not only their value but also limit access to funding.

Public Confidence in Markets

Widespread manipulation corrodes public trust in financial systems, endangering the country’s broader economic standing. The lack of transparency could discourage both domestic and foreign investments.

Prioritizing Integrity

The 2024 Amended Securities Law distinguishes itself by prioritizing market transparency. Stakeholders stand to gain from cohesive regulation benefiting traders, stakeholders, and investment partnerships.

Successful reforms may include the following:

1. Support for small investors at both local and national levels to identify fraud.
2. Increased focus on sustainable, digitally reliable oversight capabilities.
3. Proactive response to address sharp distinctions that once let boundary pushers behave unsanctioned.

Broader Economic Implications

The 2024 Amended Securities Law is set to contribute positively to Vietnam’s economic framework. Transparent markets attract both domestic and international investments, paving the way for economic resilience and growth. Moreover, fair practices ensure a level playing field, giving businesses confidence to participate in long-term investments.

A clear example is the growing interest from international stakeholders. These investors, seeking stable and ethical markets, are increasingly drawn to countries with robust legal frameworks like Vietnam’s under the 2024 Amended Securities Law. This bolstered interest translates to more substantial foreign direct investments (FDI), technological advancement, and market diversification.

Challenges in Implementation

Despite its advantages, implementing the 2024 Amended Securities Law comes with challenges. Among them are:

• Awareness Campaigns: Educating stakeholders, from individual investors to large corporations, about their rights and responsibilities under the new law.
• Enhanced Oversight: Strengthening monitoring and enforcement mechanisms to ensure compliance with the 2024 Amended Securities Law.
• Technological Integration: Leveraging advanced technologies such as AI and blockchain for improved transparency and fraud detection.

Conclusion

The 2024 Amended Securities Law represents a bold and necessary step towards a transparent and fair stock market. By addressing unethical practices and fostering a culture of integrity, this law not only protects investors but also builds a robust foundation for Vietnam’s economic future. Effective enforcement of the 2024 Amended Securities Law will ensure that Vietnam remains a key player in the global financial landscape.

About ANT Lawyers, a Law Firm in Vietnam

We help clients overcome cultural barriers and achieve their strategic and financial outcomes, while ensuring the best interest rate protection, risk mitigation and regulatory compliance. ANT lawyers has lawyers in Ho Chi Minh city, Hanoi,  and Danang, and will help customers in doing business in Vietnam.

Source: https://antlawyers.vn/securities/the-2024-amended-securities-law.html