Economic Law – Where Law and Economics Converge to Create Strength for National Development

Economic Law has been and continues to be a field of study that attracts significant interest from young people. It offers numerous employment opportunities and strong potential for future career development for students. It is a highly promising discipline with strong recruitment demand for human resources. Moreover, experts assess Economic Law as a field with substantial career prospects in the future, as there is an increasing need for highly qualified personnel with in-depth knowledge in this area.

To help you establish a foundation for career orientation and make the right choice of major, this article provides an overview of the Economic Law program at LHU.

What Is Economic Law?

Vietnam’s economy is increasingly prospering with the continuous development of domestic companies and enterprises as well as foreign-invested corporations. More than ever, the legal framework and issues related to economic policy must be ensured. Any enterprise or organization must clearly understand legal regulations in order to conduct business activities in compliance with the law.

Economic Law is a field of study built upon the foundation of Legal Studies combined with knowledge in economics and commerce. In the context of a market economy, Economic Law comprises the body of legal regulations promulgated by the State to govern economic relations arising in the process of state economic organization and management, as well as in production and business activities among business entities. Economic Law was established to maintain and resolve disputes in business and commerce and to ensure lawful operational procedures of enterprises in domestic and international transactions.

In recent years, Economic Law has continuously affirmed its role and position as a crucial foundation for successful international integration. Clearly, to integrate effectively and attract foreign investment, it is essential to demonstrate a comprehensive legal framework that ensures maximum protection of investors’ rights and interests, thereby providing them with confidence when investing in Vietnam.

Students participating in the thematic session “Online Trial”

What Career Opportunities Are Available for Economic Law Graduates?

According to the Ministry of Justice, the demand for human resources in Economic Law is increasing, particularly in enterprises, multinational corporations, banks, financial institutions, law firms, legal consultancy organizations, and state agencies. It is forecast that by 2025, demand for human resources in Economic Law will increase by approximately 10–15% annually. Currently, around 40,000–50,000 law students graduate each year; however, the number of graduates specializing deeply in Economic Law remains limited.

Often, graduates share concerns about difficulties and challenges after graduation.

With the interaction among different economies and the multidimensional development of social life, professions related to Law have become increasingly necessary. Economic Law is considered a field with high recruitment demand and competitive income levels. This field equips students with responsiveness, flexibility, extensive knowledge, critical thinking, engaging career opportunities, attractive income, and social recognition.

Especially in the current period, as the development and enhancement of human resource quality and educational quality aim to meet labor market demands, numerous career opportunities are opening for Economic Law graduates. Graduates can easily choose positions with attractive salaries and strong promotion prospects. A Bachelor of Economic Law may undertake positions such as:

• Legal consultant, analyzing, evaluating, and resolving issues arising in business operations and ensuring that legal activities of organizations and enterprises comply with state policies and relevant international conventions in the economic field;

• Legal specialist providing legal services under lawyers or legal practitioners;

• Staff at commercial arbitration centers and organizations providing legal consultancy services;

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

• Researcher and lecturer in Economic Law at research institutes and educational institutions;

• Positions at state agencies (People’s Procuracy, People’s Court, etc.).

The Economic Law program at Lac Hong University has been developed based on societal demand for Economic Law graduates with strong political integrity and professional ethics; fundamental legal knowledge; practical legal knowledge in Vietnam and globally; and the capacity to handle legal issues within economic organizations (human resources, legal departments), state agencies, legal practice organizations (lawyers, notaries, bailiffs), and research and teaching institutions in the current context.

The Appeal of Economic Law for Dynamic Young People Passionate about Law and Economics

Dynamic and Challenging

Young people who are passionate about law and economics, dynamic in personality, and open to innovation will find the learning and working environment of Economic Law engaging, flexible, and challenging. Economic Law is constantly evolving and updating new regulations and social trends to adjust legal relations to practical realities. Therefore, learners must continuously enhance their knowledge and skills and regularly update legal regulations to adapt effectively.

Although continuously evolving, the field is demanding. Students must be able to work under high pressure, adapt to dynamic and competitive environments, possess strong self-learning ability, logical thinking, and practical problem-solving skills. Through studying Economic Law, students develop logical reasoning, analytical ability, and effective problem-solving skills, making it suitable for those eager to explore and address legal issues in business environments.

Extensive Career Opportunities

Economic Law offers diverse career opportunities in areas such as:

• Enterprises: legal specialist, legal consultant, legal department staff, internal auditor;

• Banks: banking lawyer, legal specialist;

• Legal practice: lawyer, legal consultant;

• State agencies: Inspector, Prosecutor, Judge, Court Clerk.

Economic Law integrates knowledge of law and economics, offering diverse job opportunities aligned with students’ abilities and interests. Demand for Economic Law professionals continues to increase in enterprises, financial institutions, banks, and beyond. It also opens entrepreneurial opportunities in legal consultancy and legal services.

Attractive Income and Promotion Opportunities

Economic Law is a profession with attractive income levels commensurate with competence and qualifications. The starting salary for new graduates typically ranges from 8 to 15 million VND per month, depending on experience, capability, and position, and may increase significantly over time.

Experienced lawyers, legal specialists, consultants, and enterprise managers may earn tens of millions of VND per month. With competence and experience, graduates have opportunities for advancement to leadership positions in enterprises and economic organizations.

Enhancement of Logical Thinking, Argumentation, and Problem-Solving Skills

This field enables students to develop logical reasoning, analytical argumentation, and scientific problem-solving skills. Students are trained to analyze situations, construct sound arguments, and propose appropriate solutions.

Moreover, students gain business knowledge, expand professional networks, and have opportunities to interact with enterprises, lawyers, and experts in economics.

High Practical Application

Economic Law combines legal and economic knowledge to address legal issues in business activities. It is highly applicable and suitable for dynamic students who wish to apply theoretical knowledge to practice. Graduates possess solid professional skills to meet practical legal requirements in various sectors.

Modern education requires integration of theory and practice. Practical skills must be strengthened alongside theoretical training so that students can effectively apply knowledge in real-world contexts and develop broader perspectives based on legal foundations.

Professional Working Environment

Students of Economic Law have opportunities to work in professional and dynamic environments with strong prospects for personal development. The field also enables interaction and learning from successful professionals in law and economics.

Contributing to a Civilized and Developed Society

Economic Law plays an important role in ensuring lawful business operations, fostering a healthy business environment, strengthening the legal system, and contributing to socio-economic development.

Multidisciplinary Integration of Law and Economics

Economic Law equips students with knowledge in law, economics, finance, and commerce, providing a comprehensive understanding of business activities and the role of law in the economy.

A Contemporary Field

Economic Law continuously updates changes in law and economics to meet practical demands.

High Demand for Human Resources

As the economy grows, enterprises and organizations increasingly require personnel with knowledge of both law and economics. Graduates can work in enterprises, economic organizations, banks, financial institutions, and state agencies. Demand for lawyers, legal specialists, consultants, and managers with expertise in Economic Law continues to rise.

With these advantages, Economic Law is an excellent choice for dynamic young individuals passionate about law and economics.

Why Choose Economic Law at LHU?

Lac Hong University has affirmed its position in education and training strategies. Through cooperation agreements with enterprises under the objective of “nurturing talent and developing human resources,” the University supports students in securing employment after graduation. In line with societal trends, the Economic Law program at LHU has become a reputable training destination in the Southeast region, providing society with legal professionals equipped with business law expertise in an increasingly integrated market economy.

Training Quality

• Experienced academic staff: including PhDs, MB holders, lawyers, and economic experts;

• Advanced curriculum: developed based on labor market demand and regularly updated;

• Modern teaching methods: emphasizing practical application.

LHU organizes practical legal seminars and a “Mock Trial” program to familiarize students with courtroom activities. Field trips and internships are arranged from early years of study.

Institutional Reputation

LHU is rated 4 stars by QS Stars and ranked among the top 1,000 universities worldwide according to THE WUR 2023. With over 25 years of experience, LHU maintains extensive partnerships with domestic and international enterprises, providing numerous internship and employment opportunities.

The Economic Law program regularly reviews and updates its curriculum and learning outcomes to align with societal demands and ensure graduates possess comprehensive legal knowledge and essential skills.

Learning Environment

• Modern facilities and well-equipped libraries;

• Dynamic environment with seminars and extracurricular activities;

• Supportive staff dedicated to assisting students.

Tuition

LHU offers scholarships for high-achieving and disadvantaged students. Tuition fees remain stable throughout the course of study.

Convenient Location

Located in Bien Hoa City, Dong Nai Province, LHU provides a dynamic environment conducive to study and development.

With these strengths, LHU is an excellent choice for students pursuing Economic Law.

The Economic Law program at Lac Hong University aims to supply qualified human resources to economic legal sectors, addressing legal issues arising in economic organization and management processes. The curriculum is continuously updated to meet societal needs, particularly in industrial regions such as Bien Hoa, where demand for Economic Law professionals remains high.

Are Economic Law Students Able to Secure Employment Easily?

With the ongoing development of domestic and foreign-invested enterprises, legal frameworks and economic policies are increasingly essential. Economic Law has become indispensable in modern society, equipping students with in-depth legal knowledge, practical business law expertise, and the ability to research and resolve legal issues in business operations and state management.