- HM&P: Vietnam International Law Firm
- HM&P: Vietnam International Law Firm
- 02873080839
- https://hmplaw.vn/
Insights
The global pharmaceutical industry is entering a period of strong transformation. Geopolitical upheavals, rapid technological advancements, and increasing regulatory pressures have been reshaping the way the pharmaceutical industry operates, with many innovations and expansions of its scope and impact on human life. Latham & Watkins' "Healthcare & Life Sciences Market Update" report, one of the world's leading law firms, recently pointed to key global strategic trends. Notably, many of these trends have been creating obvious spillover effects on Vietnam – a pharmaceutical market that is on the verge of strong development in Southeast Asia.
Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo has affirmed the role of the private economy as the most important driving force in Vietnam's socio-economic development. With a contribution of about 50% of GDP, more than 30% of total state budget revenue and employing 82% of the total number of workers, the private economy is not only an economic component but also a pioneering force to promote growth, innovation and improve national competitiveness. However, in order for the private economy to truly become a strategic spearhead, it is necessary to have a synchronous, transparent and effective legal framework. In this article, we will give some insights from a legal perspective on why the Communist Party of Vietnam chooses private economic development as the spearhead in the coming time, especially the Party's emphasis on the role of legal reform, protecting business interests and promoting a sustainable business environment.
Vietnam is preparing and implementing many major changes in administrative boundaries in 2025, businesses may face many new challenges. These changes of the State are aimed at streamlining the administrative apparatus, improving management efficiency and promoting the development of Vietnam's economy more and more strongly. The change in administrative boundaries not only poses challenges in corporate governance strategies to adapt to the new situation but also brings opportunities for businesses. This article will analyze the main impacts of changing administrative boundaries and propose specific solutions for businesses to effectively adapt to these changes in the coming time.
In recent years, corporate bonds, particularly privately placed corporate bonds, have emerged as a vital capital mobilization channel for Vietnamese enterprises. However, this process is not merely a financial transaction but a legally and technically complex procedure requiring the involvement of various professional entities, among which law firms and securities companies play prominent roles. This article provides a detailed analysis of the differences in roles, responsibilities, scope of work, and the value these two types of entities bring to a bond issuance transaction.
Tightened credit conditions and increasing demand for medium and long-term capital mobilization, privately placed corporate bonds have emerged as a critical source of funding for enterprises to expand production, restructure capital, or implement large-scale investment projects. Professional law firms play a pivotal role—not only in ensuring regulatory compliance but also in advising on optimal issuance structures, mitigating legal risks, and safeguarding the interests of the issuer throughout the offering process. This article provides an overview of the role of law firms in private placements of corporate bonds from both regulatory and practical perspectives.
On April 17, 2025, the National Competition Commission (VCC) issued Decision No. 55/QD-CT, approving the exemption from the prohibited competition restriction agreement between Vietnam Airlines and China Southern Airlines ("Decision 55"). The agreement between the parties relates to the coordination of pricing, market segmentation and provision of passenger transportation services on six international routes, which are within the scope of prohibited acts under the 2018 Competition Law. This exemption decision not only marks a step forward in the enforcement of competition law in Vietnam but also raises questions about how the National Commission balances protecting competition and promoting economic interests. In this article, we will analyze in detail the decision of the National Competition Commission from the perspective of Vietnam's current competition law.
Establishing a grassroots trade union is an essential step for enterprises to form a legally recognized channel representing employees, thereby fostering harmonious and stable labor relations. This article provides a comprehensive and practical guide on the procedures for organizing the union founding congress, preparing necessary documentation, and submitting a request for official recognition from the higher-level trade union.
Vietnam's Investment Law 2020 has served as an important foundation in shaping the country's investment landscape, promoting economic growth and integration with global trends. However, as Vietnam faces the complex challenges of a rapidly changing global economy, technological advancements, and domestic development priorities, the Government has recognized the need to amend this law.
Many businesses, especially small and medium-sized companies, are still hesitant or hesitant to establish grassroots trade unions, due to concerns about operating costs, interference in business operations, or simply not understanding the long-term benefits that this organization brings. The following article will comprehensively analyze the reasons why the early establishment of a grassroots trade union is not only a legal requirement, but also a wise human resource management strategy and the foundation for the sustainable development of the business.
From July 1, 2025, agencies and organizations will only use electronic identification accounts issued by the Ministry of Public Security to log in and carry out administrative procedures on the Public Service Portal. According to the provisions of Clause 4, Article 40 of Decree 69/2024/ND-CP, accounts currently created by the National Public Service Portal or the information system for handling administrative procedures are only valid until the end of June 30, 2025. In order to ensure that the access and implementation of administrative procedures are not interrupted, it is urgent for businesses at this time to register their electronic identification accounts to limit the interruption of access and implementation of administrative procedures on national public service websites.
Legal disputes following mergers and acquisitions (M&A, completed) related to contractual commitments, asset valuation, intellectual property rights or corporate governance are increasing due to the complexity of cross-border deals. pressure from new regulations, and global economic uncertainty. What should businesses do to minimize the risk of disputes arising after M&A transactions in Vietnam.
The drug introduction seminar is one of the forms of drug information recorded in the law on pharmacy. This is a drug introduction or topical discussion related to drugs for medical and pharmaceutical practitioners . In particular, the certificate of drug information content is one of the important conditions for organizing drug introduction seminars.
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