Economic Law – Where Law and Economics Intersect to Create Strength for the Development of the Nation.

Economic Law has been and continues to be a field of study that attracts the attention of many young people. It is a discipline with many employment opportunities and significant career development potential for students, being a field rich in development potential with high demand for human resources. In addition, the Economic Law field is assessed by experts as having many prospects for future career development, as it requires a large number of highly skilled personnel with deep understanding of this area. To help you have a basis for career orientation and choose the right major, in this article Lac Hong University (LHU) will provide you with an overview of the Economic Law field.

What is Economic Law?

Vietnam’s economy is increasingly thriving with the continuous development of domestic companies and foreign-invested corporations. More than ever, the legal framework and issues related to economic policy must be ensured. Every enterprise and organization needs to fully understand legal regulations to implement business activities in accordance with the law. Economic Law (in English: Economic Law) is a field that builds on the foundation of Law combined with knowledge in economic and commercial areas. In the context of a market economy, Economic Law comprises the set of legal norms promulgated by the state to regulate economic relations arising in the process of economic organization and management by the state and in the process of production among business entities.

Economic Law was established to maintain and resolve disputes in business and commerce as well as to ensure the procedural operations of enterprises during domestic and international trade and exchange.

In recent years, the Economic Law field has continuously affirmed its role and position as an important foundation for successful integration. Clearly, to integrate well and attract investment from foreign investors, the most important factor is demonstrating a complete legal framework of a nation that maximally protects their rights and interests, thereby giving confidence for investors to invest in Vietnam.

What Do Graduates of Economic Law Do?

According to the Ministry of Justice, the demand for human resources in the field of Economic Law is increasingly high, especially in enterprises, multinational corporations, banks, financial institutions, law firms, legal consulting organizations, and state agencies. The labor demand in the Economic Law field is forecasted to grow by about 10–15% annually by 2025. Currently, around 40,000–50,000 students graduate each year in law-related majors, yet the number of graduates with deep specialization in Economic Law remains limited.

 

In the context of the convergence of different economies and the multi-dimensional development of social life, this makes jobs related to the field of Law increasingly necessary. Today, the field of Economic Law is considered a field with high recruitment demand and good income. This field offers students the ability to react quickly and flexibly, profound knowledge, critical thinking, interesting work, good income, and social respect.

Especially in the current era, issues of development and improving the quality of human resources, education, and training to meet labor market demands increasingly open many career opportunities for graduates of Economic Law who can easily choose jobs with attractive salaries and high advancement potential upon graduation. A Bachelor in Economic Law can hold positions such as:

• Legal consultant expert, analyzing, evaluating, and resolving issues arising in business activities and ensuring that the legal activities of an organization, company, or enterprise comply with State policies and relevant international conventions in the economic field;

• Specialist providing legal services of lawyers or legal practitioners;

• Working at commercial arbitration centers and units providing legal consultancy services;

• Legal advisor, legislative, executive, and judicial specialist;

• Involved in research and teaching about Economic Law at research institutes and educational units;

• Working at State agencies (People’s Procuracy, People’s Court, etc.).

• Economic Law provides students with knowledge and skills that prepare them for diverse roles in the legal and economic sectors and contributes to strengthening the legal foundations supporting the nation’s economic development.

The Appeal of the Economic Law Major for Dynamic Young People with a Passion for Law and Economics Who Are Not Afraid of Challenges

Dynamic and full of challenges:

Young people who are passionate about law and economics, possess a dynamic personality, and enjoy innovation will be excited by the dynamic, flexible, and highly challenging learning and working environment of the Economic Law major. Economic Law is a field of study that is constantly changing and developing, continuously updating new regulations and new social trends in order to adjust legal relations to suit practical realities. This requires learners to continuously improve their knowledge and skills and to regularly update new legal regulations in order to adapt in practice.

Although it is constantly changing and developing, not confined to any fixed regulation, this field of study is full of challenges, requiring students to have a high tolerance for pressure, the ability to adapt to a dynamic and competitive working environment, and, above all, strong self-learning ability, logical thinking, and practical problem-solving skills. When approaching and studying Economic Law, students will train themselves in logical thinking, analytical ability, reasoning, and effective problem-solving, making it suitable for those who are eager to learn, enjoy exploration and research, and are interested in resolving legal issues in a business environment.

Broad career opportunities:

The Economic Law major offers many career opportunities in various fields such as:

• Enterprises: legal affairs specialists, legal consultants, legal departments, internal auditors, etc.

• Banks: banking lawyers, legal affairs specialists, etc.

• Legal profession: practising lawyers, legal consultants, etc.

• State agencies: inspectors, procurators, judges, clerks, etc.

Economic Law is a combination of legal and economic knowledge, offering a wide variety of careers related to the major. Students can easily find jobs suitable to their abilities and interests. The demand for human resources in Economic Law is increasing rapidly in enterprises, financial institutions, banks, etc. The Economic Law major also opens up many opportunities for young people to start businesses in the fields of legal consultancy and legal services.

Attractive salary and high promotion opportunities:

Economic Law is a profession with an attractive salary, commensurate with the learner’s competence and qualifications. The starting salary for newly graduated students majoring in Economic Law may range from VND 8 million to VND 15 million per month, depending on experience, capacity, and job position, and may increase significantly over time.

Salaries for experienced lawyers, legal specialists, legal consultants, and business managers can reach tens of millions of Vietnamese dong per month. Those with knowledge of Economic Law may earn higher salaries compared to other majors. With competence and experience, graduates of the Economic Law major may have opportunities to advance to leadership positions in enterprises and economic organizations.

Enhancing logical thinking, reasoning skills, and problem-solving ability:

This major helps young people develop logical thinking skills, analytical reasoning, and scientific problem-solving abilities. During their studies, students have opportunities to train and develop these essential thinking skills. At the same time, the Economic Law major requires learners to analyse situations, construct rigorous arguments, and propose appropriate solutions.

Moreover, students also enhance their knowledge of business, helping them better understand markets, business operations, and enterprise management; expand their networks; and gain opportunities to meet and interact with enterprises, lawyers, and experts in the economic field.

Economic Law plays an important role in promoting socio-economic development and provides high-quality human resources for agencies and organizations operating in the economic sector. The Economic Law major is an important field of study with great development potential. It equips students with the knowledge and skills necessary to work in various sectors of the economy.

In addition, through studying this major, students’ communication, negotiation, and presentation skills are also developed through learning and working processes, helping them improve logical thinking, analytical ability, problem-solving skills, and effective communication skills.

A highly application-oriented major:

Economic Law is a field of study that combines legal and economic knowledge to address legal issues in business activities. This major has high practical applicability and is suitable for dynamic young people who enjoy applying theoretical knowledge to practice. Therefore, after graduation, students will possess solid practical professional skills and be able to meet job requirements related to legal fields in which the university has provided training.

Modern education requires learning to go hand in hand with practice and to meet the demands and requirements of social reality, with the objective of forming and developing learners’ practical capacities, enabling them to gain real experiences and practical exposure. However, it is necessary to strengthen practical skills alongside theoretical training so that students can apply acquired knowledge effectively in real work, gain broader perspectives, better understand practice while studying theory, and form their own viewpoints on real cases based on the law.

Professional working environment:

Students pursuing the Economic Law major have opportunities to work in professional and dynamic environments with many opportunities for learning and personal development.

Furthermore, exploring and pursuing this profession also helps students meet, interact with, and learn from successful individuals in the fields of law and economics.

Contributing to building a civilised and developed society:

Economic Law plays an important role in ensuring that business activities comply with the law, contributing to the construction of a healthy business environment and a complete legal system, ensuring that business activities are conducted lawfully, contributing to the building of a civilised society and promoting economic development.

A multidimensional major – a harmonious combination of legal and economic knowledge:

Economic Law equips students with knowledge of law, economics, finance, and commerce, helping them gain an overall view of business operations and clearly understand the role of law in the economy.

A contemporary major:
The Economic Law major continuously updates changes in law and economics, helping students acquire knowledge and skills that are suitable for practical needs.

High demand for human resources:

As the economy continues to develop, enterprises and economic organizations increasingly demand human resources with knowledge of both law and economics. After graduating from the Economic Law major, students have opportunities to work in many fields and industries such as enterprises, economic organizations, banks, financial institutions, and State agencies. This major opens up wide career opportunities, with increasing demand for lawyers, legal specialists, legal consultants, and business managers with knowledge of Economic Law.

With these attractions, the Economic Law major is an excellent choice for dynamic young people who are passionate about law and economics and are not afraid of facing challenges.

Reasons You Should Choose to Study the Economic Law Major at LHU

Lac Hong University (English name: Lac Hong University) has, in recent years, affirmed its position in its training strategies across different levels and majors. Upon graduation, students can secure employment immediately, as the University has signed cooperation agreements with enterprises with the training objective of “nurturing talents and developing human resources.” Keeping pace with general social trends, the Economic Law major at LHU has become a reputable training programme in the Southeast region. LHU has been, is, and will continue to open “shortcuts” for learners to enter domestic and international enterprises, contributing to providing society with legal experts who possess knowledge and skills in business law in a market economy that is increasingly deeply integrated into the international market.

Training quality:

• Experienced faculty: LHU possesses a team of experienced lecturers with high professional qualifications, including many PhDs, MBs, lawyers, and economic experts.

• Advanced training programme: The Economic Law training programme at LHU is developed based on actual labour market demands, continuously updating the latest legal and economic knowledge in society.

• Modern teaching methods: LHU applies modern teaching methods with a strong emphasis on practice, helping students effectively apply knowledge in real situations.

In addition, during the learning process, LHU organizes practical seminars on legal knowledge to help students grasp new professional requirements in the integration period in the coming years, as well as the “Mock Trial” programme, which helps students become familiar with adjudication activities alongside acquiring theoretical knowledge in the classroom.

When studying at LHU, the University also organizes internship and field placement programmes from the early years, helping students become familiar with real working environments before graduation.

Institutional reputation:

LHU is highly evaluated by international educational organizations: LHU is ranked 4 stars by QS Stars and is among the top 1,000 universities worldwide according to THE WUR 2023 rankings. LHU is a reputable university with more than 25 years of experience in education and training.

LHU has an extensive network of relationships with domestic and international enterprises and organizations, providing students with many internship and employment opportunities after graduation.

To ensure the competence of law graduates and meet practical social demands, the Economic Law major at LHU regularly evaluates its training programme and learning outcomes over the years to adjust the curriculum to suit societal needs. This ensures that upon graduation, students possess sufficient legal knowledge and essential skills to work effectively in enterprises and State agencies, among others.

Learning environment:

• Modern learning environment: LHU possesses modern and well-equipped facilities, with libraries fully stocked with books and learning materials.

• Dynamic learning environment: LHU regularly organizes seminars, specialised courses, and extracurricular activities to help students develop their capabilities.

• Friendly learning environment: LHU has enthusiastic and dedicated staff who are always ready to support students.

Tuition fees:

LHU offers many scholarship programmes for high-achieving students and students from disadvantaged backgrounds. Moreover, at LHU, students can be assured that tuition fees will not increase throughout their entire course of study.

Favourable geographical location:
LHU is located in Bien Hoa City, Dong Nai Province—a dynamic and developing city that is favourable for students’ study, daily life, and personal development.

Opportunities to participate in extracurricular activities:
LHU has many clubs and extracurricular activities that help students develop soft skills and life skills.

With these advantages, LHU is a good choice for students who wish to pursue the Economic Law major.

The Economic Law major at Lac Hong University was established with the aim of supplying human resources for legal departments in the economic sector, resolving issues arising in the process of State economic organization and management or in production and business activities among business entities. In terms of development orientation, LHU continuously adjusts its training programme in line with social changes in order to produce high-quality human resources that meet the needs of enterprises and society in organizing and managing the market economy. In the context of strong interaction among global economies, complex issues often arise that require legal intervention. In particular, Bien Hoa is known as a key industrial region, which requires abundant human resources in Economic Law to support enterprises and organizations in legal and related matters.

Is It Easy for Students of the Economic Law Major to Find Jobs?

With the continuous development of domestic companies and foreign-invested corporations, more than ever, legal frameworks and issues related to economic policies must be ensured. It can be said that Economic Law has become an indispensable profession in modern society, providing students with in-depth legal knowledge and skills, practical legal expertise in business, and the ability to research and handle legal issues arising in enterprise business activities and in State management of enterprises.