Updates
Vietnam - Customs & Global Trade Alert | Developments on the on-the-spot export and import transactions
- EY Vietnam
This Alert is to provide the latest development on the on-the-spot (OTS) export and import transaction in Vietnam as of 2023.
Vietnam bond investment guide
- Allens Vietnam
This guide provides a comprehensive overview of corporate bonds, and discusses some key legal and practical issues for foreign investors and domestic issuers on bond transactions in Vietnam. It delves into: an overview of corporate bonds, details on insurance processes, bond depositories and trading for domestic bonds.
Cambodia Tax Alert: Using Singapore to hold your Cambodian Investment? You Need be Aware of these Recent Developments
- DFDL Cambodia
Government officials from Cambodia and Singapore signed the Second Protocol Amending the DTA between the respective countries on the 2nd of November 2023. The purpose of the Second Protocol ensures that the Cambodia-Singapore DTA is consistent with the latest international tax protocol.
Cambodia: Tax on E-Commerce
- BNG Legal
In 2021 two regulations launched regarding VAT on E-Commerce as below: Sub-Decree No. 65 dated April 8th, 2021 on implementing the VAT on E-Commerce, and Prakas No. 542 dated September 8th, 2021 on rules and procedures for implementing the VAT on E-Commerce Transactions.
Vietnam: Some issues relating to management of apartment buildings in Vietnam
- Venture North Law Firm
Vietnamese law provides for a relatively detailed framework on management of an apartment building. However, several important issues, which are discussed in this update, are still not adequately addressed.
Vietnam: State Bank of Vietnam’s further clarifications on lending regulations
- Venture North Law Firm
On 8 November 2023, the State Bank of Vietnam issued Official Letter 8631 to publish answers to certain questions on lending regulations under Circular 6/2023 of the SBV dated 28 June 2023 amending Circular 39/2016 of the SBV dated 30 December 2016 on lending activities of credit institutions (CIs) and/or foreign bank branches with customers.
Vietnam: Significant Amendments to Regulations on Management of Foreign Employees in Vietnam
- Venture North Law Firm
On 18 September 2023, the Government issued Decree 70 to amend various regulations on management of foreign employees under current Decree 152/2020. Decree 70/2023 took effect immediately upon its issuance. In this update we discuss the notable changes introduced under Decree 70/2023.
Vietnam: The Supreme Court’s clarification on various legal issues in Vietnam
- Venture North Law Firm
On 24 April 2023, the Justices of the Supreme Court of Vietnam (the Supreme Court) hosted an online seminar to tackle some issues that arise in the courts’ trial practice. In this post, we will discuss some clarifications from the Official Letter that we find interesting or noteworthy.
Myanmar: Central Bank of Myanmar Adopts Market-Driven Exchange Rate For Online Trading Platform
- DFDL Myanmar
On 5 December 2023, the Central Bank of Myanmar issued a directive to authorized dealer banks, stating that the Central Bank will no longer determine the exchange rates on the online trading platform, and the exchange rates will be determined by market forces.
Vietnam: Draft New Land Law No. 8 Dated the 8th November 2023
- KPMG Law Limited
This eighth draft of the new Land Law continues to improve the administrative land management system and expand the rights of land users, including foreign-invested economic organisations. This update discusses the key highlights of the new draft.
Vietnam: Distressed assets in Vietnam - Navigate the legal risks, seizing the opportunities
- Legal Centrix
The key to navigate distressed M&A substantially relies upon striking a balance between the potentially high commercial gains and the special legal risks peculiar to distressed assets. This article discusses what buyers should be mindful of and how they can manage the key legal risks for the best possible desirable outcome.
Vietnam: New Rules on Work Permits
- LNT & Partners
On 18 September 2023, Vietnam’s Government introduced the Decree No. 70/2023/ND-CP amending the Decree No. 152/2020/ND-CP dated 30 December 2020 concerning foreign employees in Vietnam and the administration of Vietnamese employees employed by foreign entities in Vietnam. Among several updates, highlighted below are two primary groups of changes concerning foreign employees in Vietnam.
Vietnam: Sale up to 100% extended until 10th of February 2024
- LNT & Partners
On the 20th of November 2023, the Department of Industry and Trade of Ho Chi Minh City officially released Letter No. 7028/SCT-QLXNK, outlining collaborative efforts for the execution of the 2023 Shopping Season. This initiative aligns with the directives set forth in Plan No. 1976/KH-UBND, issued on the 15th of May 2023.
Vietnam: Exploring Wind Power Project Opportunities
- LNT & Partners
To meet its climate commitments and achieve net-zero by 2050, the Vietnam government has taken steps to establish a legal framework for the development of renewable energy. This effort has included enticing foreign investments in wind power. This article discusses market access and foreign market access.
Vietnam: New Law on Protection of Consumers’ Rights
- LNT & Partners
On 20 June 2023, the National Assembly promulgated the Law on Protection of Consumers’ Rights No. 19/2023/QH15 (the “New PCR Law”), aimed to replace its almost 13 year old predecessor – the Law on Protection of Consumers’ Rights No. 59/2010/QH12 promulgated on 17 November 2010, as guided by Decree No. 99/2011/ND-CP (the “Current PCR Law”).
Vietnam: Healthcare Sector - Update to Regulations on Medical Examination and Treatment After 14 Years
- RHTLaw Vietnam
On 9 January 2023, the Government issued Law No. 15/2023/QH15 on Medical Examination and Treatment superseding Law No. 40/2009/QH12 with the goal of bringing a more forward legal framework corresponding to current medical practice beginning on 1 January 2024. This update provides valuable details on the new law.
Thailand: Competition Trade Guideline for Digital Sectors
- DFDL Thailand
On October 9, 2023, the Trade Competition Commission of Thailand announced its plan for 2024 to focus primarily on competition, unfair trading, and antitrust policies for e-commerce businesses with a value of over THB 100 billion (approximately USD 2.87 million).
Vietnam: Resolution on Global Minimum Tax policy in Vietnam
- PwC Legal Vietnam
Further to our update on 1 August regarding the draft Resolution on Global Minimum Tax policy in Vietnam issued for public consultation, the National Assembly has just approved this Resolution on 29 November. The Resolution takes effect from 1 January 2024.
Vietnam: Resolution on Global Minimum Tax
- KPMG Law Limited
The National Assembly of Vietnam has passed a Resolution in respect of the OECD’s Pillar Two Model Rules. The Resolution will come into effect from 01 January 2024. The Resolution requires large multinational groups to pay a global minimum corporate income tax of 15% on profit in each jurisdiction.
Cambodia: Operating a Franchise in Cambodia
- BNG Legal
This article discusses franchising in Cambodia, types of franchises, recordal / registration, and relevant legislation.
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