VietNamNet Bridge – Ten laws that clarify the responsibilities
of State agencies and the rights of both enterprises and individuals will go
into effect in January.
Some laws come from ordinances,
while others are revised versions of previous laws that update the legal system
in accordance with the country's socio-economic development.
The Law on Higher Education makes
it mandatory that universities be ranked according to the quality of the
education they provide, while the Law on Deposit Insurance protects the rights
and interests of depositors and contributes to maintaining the stability of
credit institutions. The law states that the State Bank of Viet Nam will be
responsible for managing deposit insurance. Beneficiaries will be individuals,
rather than family businesses, private enterprises and companies.
The Law on Advertising prohibits goods
such as tobacco and wine with 15 per cent alcohol or lower from being
advertised. According to the law, milk cannot be marketed to children under two
years old and nutrient products cannot be advertised to children under 6 months
old.
The Law on Prices stipulates that
prices be made public for State agencies, organizations, personal production
and businesses, making the market more transparent and limiting the operation
of black markets. The law also regulates that the State will assess goods and services
to ensure consistency with market principles.
Meanwhile, the Law on Judicial
Assessment creates conditions for persons involved in civil and administrative
cases to take initiative in collecting evidence to protect their rights and
interests.
The other laws include the Law on
Trade-Union, Law on Anti-money Laundering, Law on Water Resources, Law on Legal
Education and Dissemination and Law of the Sea.
Source: VNS
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