News & Events
Government-Approved Consumer Contracts
By Quan Nguyen | 26 Jan, 2012 | Posted in: News & Events
To step up consumer protection, in Decision 02/2012/QD-TTg dated 13/01/2012, the Prime Minister decreed that contracts to sell the goods and services below to consumers in Vietnam must be approved by and registered with the Ministry of Industry and Commerce in order to be effective:
1. Household electricity
2. Household water
3. Cable TV
4. Fixed phone
5. Mobile phone
6. Internet
7. Air ticket
8. Railway ticket
9. Corporate apartments
Conventional practices in Vietnam suggests that where goods and services are supplied not in the terms of statutory contracts, suppliers may face administrative penalties by the Ministry of Commerce and Industry. Consumers may insist that statutory terms and conditions apply if they find their contracts with the suppliers are less favourable.
Most Reliable Exporters from Vietnam!
By Quan Nguyen | 09 Jun, 2011 | Posted in: News & Events
Looking to buy from Vietnam but can’t find a reliable supplier?
In Decision 2640/QĐ/BCT dated 30/5/2011, the Ministry of Trade and Industry released a list of top exporters of Vietnam in rice, coffee, latex, pepper, cashew nuts, tea, vegetable, meat, seafoods, furniture, garment, shoes, plastics, handicrafts, electronics, cables, construction materials, machinery, and medical equipments.
An excerpt from the list of most reliable Vietnamese exporters for rice and coffee (for latex and other commodities, contact Contractivetnam’s partners):
Rice Read more…
IPO of Vietnam Steel Corporation
By Quan Nguyen | 09 Jun, 2011 | Posted in: News & Events, Publications
In Decision 552/QĐ-TTg, dated 18/04/2011, the Prime Minister of Vietnam has decided to IPO an old time monopoly, Vietnam Steel Corporation (abbreviation: VNSTEEL), and instructed asset evaluation to begin.
In his announcement in April 2011, the Prime Minister intended to raise 680 billion Vietnamese dongs (about 34 million dollars) through IPO of 10% stake of the monopoly, in which 9.7% stake will be sold by auction and 0.3% will be offered to employees at discounted rate. Read more…
