On January 9-10, 2025, the Symposium on “Asia-Pacific Contract Law β The Digital World in Context” was held at the University of Hong Kong. As part of this initiative, Mr. Nguyen Hung Quang, Managing Partner of NHQuang&Associates, presented a research on “π¬-ππππππππ ππππππππππ ππ πππ ππππ ππ π-ππππππππ ππ π½ππππππ”. This study was conducted by Mr. Quang and Ms. Nguyen Thuy Duong, Senior Associate of NHQuang&Associates.
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New regulations on statutory minimum wages paid to employees working under labor contracts
On June 30, 2024, the Government promulgated Decree 74/2024/ND-CP prescribing statutory minimum wages paid to employees working under labor contracts, thereby changing the regulations on the hourly and monthly statutory minimum wages, at the same time, readjusted some areas applying the minimum wage according to Regions I, II, III, IV Upon its effectiveness, Decree 74/2024/ND-CP will replace the previous Decree 38/2022/ND-CP prescribing statutory minimum wages paid to employees working under labor contracts.
Read moreSome new points about contractor selection
On February 27, 2024, the Government issued Decree 24/2024/ND-CP providing guidelines for the Law on Bidding on contractor selection. This Decree repeals some legal documents and regulations related to bidding and centralized procurement, including Decree 63/2014/ND-CP providing details for the implementation of some articles of the Law on Bidding on contractor selection.
Read moreSome new regulations of the Law on Bidding 2023
After more than 9 years of implementation, the provisions of the Law on Bidding 2013 have revealed many limitations and shortcomings when implemented in practice, and are no longer suitable for the current socio-economic situation. Therefore, to improve the regulations on bidding, on June 23, 2023, the National Assembly passed the Law on Bidding 2023, replacing the Law on Bidding 2013 and taking effect on January 1, 2024.
Read moreSome new regulations on construction contracts
On March 3, 2023, the Ministry of Construction issued Circular 02/2023/TT-BXD guiding some contents of construction contracts (Circular 02), replacing Circular 07/2016/TT-BXD, Circular 08/2016/TT-BXD, Circular 09/2016/TT-BXD and Circular 30/2016/TT-BXD. Circular 02 will take effect from April 20, 2023.
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