Since Vietnam’s independence on September 30, 1945, the country has developed a socialist legal system based on the civil law system, with some major modifications from Marxist-Leninist ideology. The current legal system of Vietnam has the following characteristics: • Legislation is the most important source of law; • Courts are subordinate to the legislature and must make decisions based on legislation; and • Policies are set out by the Communist Party, the only political party in Vietnam,…
From The Report: Vietnam 2017
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This chapter offers an overview of Vietnam’s legal framework, focusing on legislation passed to improve the business environment, the Law on Enterprises, the New Civil Code and other important areas.
It also contains an interview with Tuan Phuong, Managing Partner, VCI-Legal.