Overview

Baker & McKenzie provides a detailed report on the legal and economic developments in Laos, Cambodia and Vietnam from October to December of 2010. Important amendments to labour law, securities, foreign investment, and price control are among the many changes posing opportunities and challenges for businesses in the region.

Labour Law: The draft provides that during any probationary period, an employee must be paid at least 80 per cent of the regular salary for the job and no less than the lawful minimum wage in effect.

Foreign Investment: On 6 September 2010, the Ministry of Finance issued Circular No 131 guiding foreign investors to invest in Vietnamese enterprises. Under it, local firms, including economic institutions in legal sectors and fields, are permitted to sell equity to foreign investors.

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