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BAKER & MCKENZIE: INDOCHINA LAW QUARTERLY - MARCH 2014
Cambodia and Vietnam both persevered with measures increasing minimum wage and improving benefits for labor. Vietnam’s National Assembly adopted far-reaching amendments to its Constitution. Vietnam also introduced new regulations governing outbound investment and further restrictions on using foreign currencies for domestic transactions, even while broadening the cases where foreign currency loans may be borrowed from local credit institutions. Vietnam has also adopted measures to clarify how to respond to international investment-related disputes, and it amended its Land Law in the direction of clarifying the State’s power of eminent domain.
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Indochina Law Quarterly - March 2014
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BAKER & MCKENZIE (VIETNAM) LTD.
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