The Law on Enterprises of 2014 aims to better align with the current realities of enterprises, create a more favorable business environment, and address some difficulties, remaining issues, and limitations in the business status of enterprises.
On June 19, 2014, the National Assembly passed the 2014 Bankruptcy Law. This law takes effect from January 1, 2015, replacing the 2004 Bankruptcy Law. The 2014 Bankruptcy Law consists of 14 chapters and 133 articles, featuring many new provisions compared to the 2004 Bankruptcy Law, including three fundamental new points.
Our country is in the process of international integration; it is common for large enterprises to increasingly develop while small businesses suffer losses and are eliminated from the business market. To address these issues and create favorable conditions for small businesses to integrate during the current development process, the 2014 Bankruptcy Law has supplemented many new points beneficial to enterprises. Below are the new regulations in this law.
Our country is in the process of international integration, with large enterprises increasingly developing, while small enterprises face losses and are excluded from the business market, which is a common occurrence. To address these issues and create favorable conditions for small enterprises to integrate into the current development process, the Bankruptcy Law 2014 has added many new provisions that benefit enterprises. Below are some new regulations in this law.
The event of the Law on Public Investment being passed by the National Assembly at the 7th Session recently, after many years of delay, has brought hope to "reinforce" discipline in the management and supervision of public investment, enhance efficiency, and avoid losses and wastage.
To establish a unified and synchronized legal framework and enhance the efficiency of public investment, during the 7th session on June 18, 2014, the National Assembly of the XIII Legislature passed the Law on Public Investment No. 49/2014/QH13. On June 30, 2014, the President signed Order No. 14/2014/L-CTN promulgating the Law on Public Investment, comprising 6 chapters with 108 articles.Below are the main contents of the Law on Public Investment.
The Investment Law of 2014 was passed by the National Assembly on November 26, 2014, during the 7th session, and took effect from July 1, 2015, replacing the Investment Law of 2005 with many significant changes, particularly in the regulations on prohibited investments, conditional investments, and the administrative procedure reforms related to investments.
Human Resources Management is the task of managing the workforce of an organization, company, society, or human resource. It is responsible for attracting, recruiting, training, evaluating, and rewarding employees, while simultaneously supervising the leadership and culture of the organization, and ensuring compliance with labor and employment laws. Below, Thu Ky Luat would like to introduce the legal documents that HR professionals need to know as well as the latest human resources management process in 2016.
The Bidding Law of 2013, passed by the National Assembly on November 26, 2013, and effective from July 1, 2014, has amended, supplemented, and addressed the limitations and deficiencies of the previous Law issued in 2005, promptly meeting the requirement for a transparent and competitive environment for bidding activities, while also contributing to the improvement of the legal framework for procurement using state capital.
According to Mr. Le Van Tang, Director General of the Public Procurement Agency under the Ministry of Planning and Investment, with the new points in the Law on Procurement 2013, it is expected to significantly improve state management of procurement activities in particular and contribute to enhancing the efficiency of state capital utilization in general in the coming time.
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