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This morning, ICHAM Chairman participated in The Investment Promotion Conference “Improving Investment Attraction and Proposing Effective Legal Solutions for Investors in Ho Chi Minh City” jointly organized by The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) and Vietnam International Arbitration Centre (VIAC).
Representatives attending the conference included Ms. Cao Thi Phi Van – Deputy Director of ITPC, Mr. Vu Tien Loc – President of VIAC, Mr. Chau Viet Bac – Vice Secretary General of VIAC, Mr. James Ollen – Executive Director of Amcham Vietnam, Mr. Michele D’Ercole – ICHAM Chairman, Mr. Nguyen Hai Minh – Vice President of EuroCham, Mr. Dixon Oh – Vice President of SCCV, Mr. David S. Oh – Legal Advisor of Kocham and Mr. Vu Tu Thanh – Deputy Regional Managing Director and Vietnam Representative for the US-ASEAN Business Council, Arbitrator of VIAC.
The conference was to gather feedback and opinions on the implementation plan of the Investment Legal Support Forum. To begin the conference, Mr. Dao Minh Chanh – Deputy Director of Department of Planning and Investment Ho Chi Minh City announced the Project to improve the efficiency of attracting foreign direct investment capital in HCMC in 2023-2025, with a vision of 2030. Following was Mr. Dau Anh Tuan – Deputy Secretary, General cum Director of the Legal Department of VCCI as he gave an overview of the current regulatory framework for investors and requirements to improve it. During the next session, Mr. Vu Tien Loc – President of VIAC introduced the model of the Investment Legal Support Forum for investors and invited representatives from foreign business associations to present their opinions and proposed solutions for improvement.
During the discussion session, ICHAM Chairman – Mr. Michele D’Ercole shared the activities organized for members to help solve their legal problems. He mentioned current obstacles that investors were facing related to legal regulations, including rising cases of commercial disputes, existing rules overcomplicating the transfer of trademark ownership and the procedures for setting up even a representative office, and so on. To support enterprises, he outlined two important coping methods that ICHAM adopted: organizing legal update seminars and webinars to keep members updated with new changes in regulation and best practices; And consulting ICHAM members in advisory sector and Eurocham’s Sector Committees when another member faces a regulatory issue.
The event concluded with Mr. Vu Tien Loc summarizing opinions in the dialogue and plan for implementing the Investment Legal Support Forum.
