As the government considers modifying the Law on Personal Income Tax, experts say that it should institute an emergency income tax exemption in the interim.

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Desperate times

Recent price escalations have rendered the Personal Income Tax (PIT) Law obsolete and in urgent need of broad revisions, experts say.

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Personal income taxes fail to match living costs

Local property developer Vincom Joint-Stock Co. has filed a lawsuit against another real estate company for using a similar brand name that it says can mislead customers.

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Property developer Vincom sues rival over brand name

Local authorities say direct sales firms have violated local laws despite fairly recent legislation restricting their practices.

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Authorities assail pyramid-schemers

National legialslators said a new law on deposit insurance needs to be created as soon as possible to protect local depositors and increase their confidence in the banking system.

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Lawmakers want depositor-protection law to boost banking confidence

A court in Ho Chi Minh City has postponed a lawsuit filed by a local investor against Asia Commercial Bank’s gold exchange, saying it needs to seek counsel from the central bank before issuing a verdict.

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Lawsuit against gold exchange postponed, pending counsel

Enforcement bodies hamstrung by fuzzy laws and thin resources

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Counterfeit enforcement ineffectual, report says

One of Vietnam’s richest businessmen on Monday filed a lawsuit against the Finance Department in Lam Dong Province for taking back 11 villas that he said his company had leased to build a resort.

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Business tycoon sues province for taking back leased villas

Newly proposed amendments to the insurance law will require local insurers to earmark a portion of their revenues for a guarantee fund in order to protect policy holders.

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Guarantee fund proposed to protect insurance policy holders

Some key export commodities are facing the increasing risk of trade remedies this year, especially anti-dumping lawsuits from importers, experts have warned.

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Exporters to face more trade restrictions this year