In the face of escalating inflation, the Vietnamese government is eagerly trying to reduce the imports of luxury goods to slow down the erosion of its foreign currency reserves. As a result, the Ministry of Information and Communications has recently updated the regulation on the importation of certain goods directly under its supervision, particularly mobile phones. The new Circular No. 14/2011/TT-BTTTT (Circular 14) was issued on June 7, 2011, replacing the earlier Circular No. 02/2006/TT-BBCVT dated April 24, 2006 (Circular 02).

Advertising of pharmaceutical products is heavily regulated in many jurisdictions, and Vietnam is no exception. The Vietnam chapter of The International Comparative Legal Guide to: Pharmaceutical Advertising 2011, written by Tra Thanh Nguyen and Dung Thi Kim Vu of Tilleke & Gibbins, provides essential advice for pharmaceutical companies as they seek to market their products in this country.

* This is an op-ed piece contributed to The Nation by David Lyman, Chairman & Chief Values Officer of Tilleke & Gibbins.At a seminar on June 15 hosted by The Nation and Asean TV on the subject “July 3 Election: Foreign Trade, Investment and Tourism”, four guest panellists participated, each representing a major or significant Thai political party. Each panellist was interviewed by an Asean TV moderator and then in a question-and-answer session by members of the audience.

The 2011 version of The International Comparative Legal Guide to: Corporate Governance, published by Global Legal Group Ltd., looks at the current issues and main sources of corporate governance legislation, along with shareholder, management, corporate social responsibility, and transparency issues.Tilleke & Gibbins attorneys Michael K. Lee and Tu Ngoc Trinh were responsible for writing the guide’s Vietnam chapter.

Most parties to a contract may not appreciate the importance of a properly drafted arbitration clause until they find themselves in a dispute. International arbitration has become a principal method of resolving disputes between states, individuals, and corporations in almost every aspect of international trade, commerce, and investment. This popularity stems from the often flexible and efficient nature of arbitration.

Financing in the real estate sector ranges from borrowing money from a bank or shareholders of the real estate entity to issuing bonds to the public. In Vietnam, real estate developers may even mobilize funds from purchasers of an apartment that is under construction for an advanced payment to finance the project. This article discusses the financing provided by Vietnam-based banks to real estate sector businesses in Vietnam.

The legislative process in Asia is increasingly opening up to public comment and participation. Smart companies take advantage of this by monitoring the latest developments and actively participating in informing, educating, and advocating knowledge with policymakers. By forming key relationships with policymakers, companies can improve their ability to successfully negotiate the bureaucratic obstacles that they may encounter when doing business in Thailand.

Franchising has become a successful business model globally, and Thailand has been no exception. According to information from the Franchise & Thai SMEs Business Association, there are approximately 400 Thai franchisors seeking franchisees for businesses ranging from restaurants to daycares and from tutoring institutions to convenience stores. Currently, there are over 10,000 franchisees in Thailand. Franchising businesses are rapidly expanding, yet Thailand still lacks a specific regulatory law to govern such businesses.