Vietnam legislation: ready for integration? More transparent legal documents would contribute to dealing with inconsistencies and overlapping regulations and consolidate investors’ faith. This was put forth by experts and policymakers at the workshop themed “Vietnam legislation – ready for integration?” organised by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on October 17. The delegations at the conference provided an update on the current situation and offered their opinions about the regulatory system. The conference is organised to evaluate Vietnam’s new position attained through its active participation in international trade agreements which necessitate the reviewing and amendment of many legal documents. This requires the quality of legal documents to be improved to make sure newly issued documents will not have to be amended after they are found unfeasible or contradictory to other documents. It will also have to be made sure that they do not create new legal barriers for businesses, or negatively affect economic development. TheLaw on Promulgation of Legislative Documents provides clear regulations on transparency and consulting relevant stakeholders in the process of drafting legal documents. However, there are several legal documents drafted and issued in a way that is not in accordance with these tenets… Read full this story
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