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Updates

Vietnam: Decision on new ceiling electricity price mechanism for transitional renewable energy projects
  • Lexcomm Vietnam LLC
April 22 2023

On 07 January 2023, the Ministry of Industry and Trade (MOIT) issued Decision No. 21/2023/QD-BCT (Decision 21) on the official power price framework for the transitional renewable energy (RE) projects. In this legal update, we will highlight several remarkable information for the power project investors about the new power price framework.


Vietnam: Duty-Driven Duties
  • DFDL Vietnam
April 21 2023

The Vietnamese Government issued the first-ever comprehensive legal framework on personal data for the country in the form of Decree No. 13/2023/ND-CP dated 17 April 2023, on personal data protection (“DPD”).


Vietnam: Decree 12/2023 extending deadline for tax payments and land rental fee in 2023
  • PwC Tax & Advisory Vietnam
April 21 2023

On 14 April 2023, the Government released Decree 12 regarding the extension of deadlines for payments of taxes and land rental fee applicable for the 2023 tax year. The Decree took effect from the signing date to 31 December 2023.


Cambodia: Capital Gains Tax Implementation Further Delayed
  • DFDL Cambodia
April 21 2023

In a press release issued on the 12 of April 2023 the Economic and Financial Policy Committee (the Committee) of the Royal Government of Cambodia provided the following updates with respect to the support of Borey Real Estate Developers in Cambodia.


Cambodia: Food Hygiene in Factories, Enterprises and Handicrafts and Restaurants
  • DFDL Cambodia
April 21 2023

On 21 November 2022, the Ministry of Industry, Science, Technology and Innovation (“MISTI”) issued Prakas 252 on the Implementation of General Principles of Food Hygiene in Factories, Enterprises and Handicrafts (“Prakas 252”) to establish standard requirements for food factories, enterprises and handicrafts in Cambodia.


Vietnam signed the MAAC – key milestone in international cooperation
  • PwC Tax & Advisory Vietnam
April 21 2023

On 22 March, Vietnam signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, becoming the 147th country to join the Convention. The Convention needs to be ratified before coming into force.


Myanmar: Further Extension of the Amended Formula for Calculating Liquidity Ratio
  • DFDL Myanmar
April 21 2023

The Central Bank of Myanmar published Directive No. 8/2023 on 24 March 2023 regarding further extension of the amended formula for calculating the liquidity ratio of banks in Myanmar.


Corporate Sustainability Reporting Directive (CSRD) - a changing EU regulation
  • Grant Thornton Vietnam
April 21 2023

The Corporate Sustainability Reporting Directive (“CSRD”) entered into force on 5 January 2023 which revises the 2014 Non-Financial Reporting Directive (NFRD). Non-EU companies that operate in the EU may also fall under the CSRD scope, regardless of whether they are listed or not.


Vietnam: Some proposed changes to the CIT law
  • PwC Legal Vietnam
April 20 2023

In March, the Ministry of Finance released a proposal to revise the Corporate Income Tax (“CIT”) law and has sought public comments in this respect.


Vietnam: Renewable Energy Policy Framework in Vietnam
  • LNT & Partners
April 20 2023

The Vietnamese government has first demonstrated its commitment to national energy security and sustainable development through its strategic orientation for sustainable energy development through 2030 and vision to 2045,as outlined in Decision No. 2068/QD-TTg dated November 25, 2015.


Vietnam: Amending and Supplementing Some Articles of Decrees Guiding The Implementation of the Law on Land 2013
  • LNT & Partners
April 20 2023

On April 03, the Vietnamese Government issued Decree No. 10/2023/ND-CP, amending and supplementing some articles of decrees guiding the implementation of the Law on Land. Decree 10 will address certain difficulties and obstacles for localities, people, and businesses.


Myanmar: To Enforce "First to File" Trademark Registration System on 1 April 2023
  • BNG Legal
April 11 2023

On 28 August 2020, MOC issued Order No. 63/2020, which aims to implement a transition from the "first to use" to "first to file" system. Myanmar's trademark law will go into effect on 1 April 2023.


Vietnam: New Restrictions on One-Way Money Transfer Abroad
  • Venture North Law Firm
April 10 2023

On 30 December 2022, the State Bank of Vietnam (SBV) issued Circular 20 guiding activities of one-way money transfer from Vietnam to abroad and payment, money transfer for other current transactions of institutional residents and individual residents (Circular 20/2022), which took effect from 15 February 2023.


Vietnam: Some proposed changes to the VAT law
  • PwC Tax & Advisory Vietnam
April 10 2023

In late February, the Ministry of Finance released a proposal to revise the Value Added Tax (“VAT”) law and has sought public comments in this respect.


Vietnam: Potential Issues for Vietnamese Bondholders When Bond Issuer Are In Default
  • Venture North Law Firm
April 10 2023

Bond issuers, who wish to recover the principal and coupons and to enforce their rights, could face significant legal issues. In this post, we will discuss some of these issues.


Vietnam: Role of Bondholders’ Representative under Vietnamese Law
  • Venture North Law Firm
April 10 2023

A bondholders’ representative is defined in Decree 155/2020 as a depository member of the Vietnam Securities Depository or a fund management company which is appointed or selected to “represent” the bondholders’ interests. However, it is not clear whether the bondholders’ representative is a legal representative or an authorized representative of the bondholders.


Vietnam: New regulations on interest rates and trading of corporate bonds
  • ADK Lawyers
April 10 2023

In this update: 1) New regulations on refinancing interest rate, rediscounting interest rate, and interest rate of overnight lending, 2) Reducing short-term lending interest rates of credit institutions, foreign bank branches, 3) Regulating the offering and trading of corporate bonds.


Vietnam: Comments on Draft Vietnamese Land Law 2023
  • Venture North Law Firm
April 10 2023

In recent months, the Government has published the draft Land Law 2023 and asked for public comments. In March 2023, Venture North Law submitted to the Ministry of Natural Resources and Environment our comments to the draft . The comments are contributed by Nguyen Quang Vu, Nguyen Bich Ngoc, Nguyen Hoang Duong and Ha Kieu Anh. 200 pages long.


Cambodia: New Regulation on Forms and Formalities for Food Recall
  • DFDL Cambodia
April 06 2023

On 22 February 2023, the Ministry of Commerce (“MOC”) issued Prakas 080 on the Form and Formalities for Recalling Unsafe and Non-compliant Food to set out the procedure for recalling unsafe and non-compliant food from the market and/or consumers in Cambodia.


Features

Legal Terms Bilingual Index

Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages

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