Updates
Vietnam: Amendments to Regulations on Recruitment of Foreign Employees
- RHTLaw Vietnam
On 18 September 2023, the Government promulgated Decree No. 70/2023/ND-CP which took effect on the same day. This Decree brought about a number of significant amendments to Decree No. 152/2020/ND-CP, which governed the recruitment of foreign employees in Vietnam. Please visit RHTLaw's Legal Updates here for notable details about this new Decree
2024 Annual Compliance
- DFDL Cambodia
This article reviews the most updated and important annual compliance obligations for enterprises in Cambodia.
Vietnam: New draft decree details regulatory framework for sea survey rights
- Allens Vietnam
The latest draft regulations dealing with allocation of sea areas for marine resource exploitation and use are of keen interest to the many potential investors in Vietnam's nascent offshore wind power industry. In this Insight, we analyse important changes to Decree 11 in relation to sea use rights.
Malaysia's Data Centre Boom
- DFDL Malaysia (Robyn Lynn & Lee)
The role of data centres has been pivotal in driving this growth, and Malaysia has become an attractive destination for global investors. In this article, we explore the themes around what makes Malaysia such an attractive destination for data centres, the driving forces behind the growth, the future of the industry, and how it aligns with the nation’s Go Green initiative.
Vietnam: E-Money Transfer Report: Sums Determined for Local Transfer
- LNT & Partners
On 28 July 2023, the State Bank of Vietnam introduced Circular No. 09/2023/TTNHNN (Circular 09), which came into force on 27 July 2023. Circular 09 guides the implementation of Vietnam's recent Law on Anti-Money Laundering, passed in 2022. This article looks at the recent legislation. AML Law). C
Cambodia Extends Capital Gain Tax Delay and Introduces New Tax Incentives at 19th G-PSF
- DFDL Cambodia
The Cambodian government has announced a series of significant tax incentives and reiterated that it will neither create new taxes nor increase existing ones, underscoring its commitment to economic growth and private sector collaboration. This update explains further.
Vietnam: Decree 35/2023/ND-CP: Transforming the Construction, Architecture, and Real Estate Sectors in Vietnam
- LNT & Partners
Vietnam's construction, architecture, and real estate sectors are poised for transformation with the implementation of Decree 35/2023/ND-CP dated 20/6/2023. In this article, we delve into the key provisions of Decree 35 and their implications for the development of the construction, architecture, and real estate sectors in Vietnam.
Cambodia: 2024 Foreign Employee Quota Application Deadline Approaching
- DFDL Cambodia
The 2024 Cambodia foreign employee quota will close on Thursday, 30 November 2023. Enterprises employing or intending to employ foreign employees in 2024 are required to apply for a foreign employee quota from the Ministry of Labour and Vocational Training.
Vietnam: Grant Thornton Tax Newsletter - October 2023
- Grant Thornton Vietnam
In this newsletter, Grant Thornton Vietnam would like to update readers on the relevant legal policies and guidelines in the field of Social Insurance and Labor, Invoices, Land rental fee, Taxes, and Cyber Security recently issued.
Vietnam: Difficulties In Dealing with the Administrative Procedures under Personal Data Protection Decree
- Venture North Law Firm
Decree 13/2023 on Personal Data Protection (PDPD) has resulted in questions among legal professionals in Vietnam as well as the cold hard realities of the difficulties in fulfilling even the basic administrative procedures under PDPD. This update discusses these difficulties.
Vietnam: Re-Authorisation Of Signing Authority By Legal Representative
- Venture North Law Firm
This update discusses the issues on whether the legal representative can re-authorise his/her signing authority to another person to sign an agreement approved by the Board if he/she is authorised by the Board to sign this agreement.
Vietnam: No clear legal basis for controlling annual credit growth by Vietnamese credit institutions
- Venture North Law Firm
In practice, annually, the State Bank of Vietnam allocates annual credit growth limits to each credit institution including the finance company. In September 2022, it was reported that the SBV should use its ranking system to decide to allocate credit growth limits to each credit institution.
Vietnam: KPMG Technical Update - November 2023
- KPMG Law Limited
In this update: Circular No. 16/2023/TT-BYT on marketing authorization registration of drugs, Decree No. 65/2023/ND-CP of the Government on measures to enforce Law on Intellectual Property regarding industrial property, and Official Letter No. 4040/TCHQ-GSQL on the conditions for inspection and supervision of the export processing enterprise.
Vietnam cross-border lending guide
- Allens Vietnam
The legal landscape on cross-border lending has recently undergone significant changes. We also address recurrent challenges encountered by foreign lenders and domestic borrowers in their transactions.
Vietnam: Data Center and Cloud Computing Services in Vietnam – Navigating the Current and Future Regulations (Part 1)
- KPMG Law Limited
While Vietnam's Data Centre and Cloud Computing Services are experiencing strong growth, the lack of a solid legal framework in this area has caused difficulties for investors in their market entry and operations. The government's legislative efforts will be discussed in this article.
Vietnam: Recognition And Enforcement Of Awards Of Foreign Arbitrators In Vietnam – In Practice
- Dentons Luat Viet
In foreign arbitration, the party winning the case may not be the eventual winner. This paradox comes from the requirement that any award of foreign arbitrators must go through the procedure of recognition and enforcement at a competent Vietnamese Court before it can be executed in Vietnam, as discussed in this update.
Vietnam: Transfer of Capital in Foreign Invested Enterprises
- ADK Lawyers
The transfer of capital in an FIE arises when an investor whose name is on the contributed capital of the enterprise demands to transfer part or all of their contributed capital to another investor. This transfer will lead to a change in the name of the person named or in the percentage of contributed capital in the enterprise, or both of the above.
Vietnam: Decree 35 - Transforming the Construction, Architecture, and Real Estate Sectors in Vietnam
- LNT & Partners
This Decree introduces a series of comprehensive changes aimed at streamlining administrative procedures, embracing technology, and enhancing efficiency in these vital industries. In this article, we delve into the key provisions of Decree 35 and their implications for the construction, architecture, and real estate sectors.
Vietnam: Updates on Land Subdivision Projects
- LNT & Partners
Decree 35 issued by the Government now provides various amendment to regulations in the field of construction, planning, housing and urban management, in which local governmental authorities are entitled to approve land subdivision projects.
Vietnam: Notes on the Sale and Purchase of Ships Not Using State Capital to Foreign Organisation and Individuals
- ADK Lawyers
The sale and purchase of ship is a specific investment activity. Processes and procedures for the sale and purchase of ships shall comply with the provisions of Decree 171/2016/ND-CP on the registration, deregistration, purchase, sale and building of ships and other relevant provisions of the laws.
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