Updates
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 Vietnam
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.
Cambodia: Update on the Law on Taxation
- BNG Legal
On 16 May 2023 the Royal Kram promulgated the New Law on Taxation. The New Law on Taxation is not a complete overhaul of the previous law, however it is designed to improve, facilitate, fill gaps and improve the consistency of the previous law by compiling a set of laws related to tax, international tax and tax practices.
Vietnam: Regulations on Credit Institutions and Foreign Labour
- ADK Lawyers
In this newsletter: New regulations on credit institutions, the deadline for reporting on foreign labour and other legal instruments.
Vietnam: Unlocking Opportunities Real Estate Project Investors Regain Power to Raise Capital
- LNT & Partners
On 23 August 2023, the State Bank of Vietnam issued Circular No. 10/2023/TTNHNN suspending the enforcement of certain provisions of Circular No. 39/2016/TT-NHNN, which was itself amended and supplemented by Circular No. 06/2023/TT-NHNN (Circular 06). Accordingly, the SBV has suspended the enforcement of clauses 8, 9, and 10 of article 8 of Circular 06 concerning non-eligible loan capital.
Cambodia: Prakas Unfair Contract Clauses
- BNG Legal
The Prakas on Unfair Contract Clauses (UCC), promulgated on March 01, 2022, serves as a cornerstone in the Cambodian legal framework, emphasizing the importance of "Standard Form Contracts." This legislation aims to fortify consumer rights, ensuring transparency, fairness, and protection against undue profit exploitation in contractual relationships with business operators. This article discusses the Prakas.
Myanmar: SAC issued Copy Right Registration Rules
- DFDL Myanmar
On 23 October 2023, the Ministry of Commerce under the State Administration Council ("SAC") issued the Copyright Registration Rules ("CRR"). With the introduction of the new Copyright Law, designed to replace the outdated Copyright Act of 1914, copyright holders can voluntarily register their copyrights per the new legislation's guidelines.
Mazars In Vietnam Newsletter - Tax & Legal Update - Issue November 2023
- Mazars Vietnam
In this update: Value Added Tax, 2. Corporate Income Tax, 3. Personal Income Tax, 4. Foreign Contractor Tax, 5. Decision 25/2023/QD-TTg dated 3 October 2023 of the Prime Minister on reducing land rental fee in 2023
Vietnam: Intra-group restructuring transactions and their potential tax implications in Vietnam
- Grant Thornton Vietnam
In the face of globalisation, groups of companies operating internationally often find themselves with complex corporate structures. Therefore, intra-group restructuring may need to take place to improve administrative, operational, and economic efficiency.
Vietnam: New Law on E-Transactions Passed To Boost Digital Transformation in Vietnam
- RHTLaw Vietnam
After 18 years since the first Law on E-Transactions was adopted paving the way for technology development in Vietnam, the National Assembly passed the new Law on E-Transactions No. 20/2023/QH15 in June 2023. This new Law on E-Transactions will supersede the existing law from 1 July 2024 and aims at addressing inadequacies under the current legal framework and promoting digitalization in Vietnam.
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.
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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