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Updates

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.


Myanmar: Key Changes under the SAC’s 2023 Union Tax Law
  • DFDL Myanmar
April 06 2023

On 30 March 2023, the State Administration Council enacted the 2023 Union Tax Law, which clarifies the tax rates and related procedures concerning income tax, commercial tax, and specific goods tax. This new law is effective on 1 April 2023 or the start of the new financial year 2023-2024 in Myanmar.


Myanmar: New Requirements for Newly Incorporated Companies for Annual Returns
  • DFDL Myanmar
April 06 2023

The Directorate of Investments and Company Administration (“DICA“) announced on 1st April 2023 regarding the additional requirements when the annual return is submitted by the companies to DICA within two months after registering their company under the Myanmar Companies Law, to better combat Anti-Money Laundering and Terrorism Financing.


Myanmar: Trademark Registration Grand Opening Scheduled for 26th April 2023
  • DFDL Myanmar
April 06 2023

The opening of trademark registration for old and new trademarks will be launched on 26th April 2023. A mark intended for use without actual use in the Myanmar market will also be accepted. A new mark not in use at the time of registration will have to be used within three years from registration.


Myanmar: Notification Setting out Service Fees for Mark Registration Application
  • DFDL Myanmar
April 06 2023

On 1 April 2023, the Intellectual Property Rights Agency issued the Notification that sets out service fees for mark registration applications via Notification No. 1/2023 as per the Section 106 (d) of the Trademark Law with the approval from the Ministry of Commerce to implement the Trademark Law of 2019 (“Law”) and the Mark Registration Rules of 2023.


Vietnam: Overview of international trademark registration
  • Apolat Legal
March 29 2023

The registration for trademark protection in the market, especially the foreign market helps to protect the trademark’s owner and creates a basis for handling trademark infringement, limiting copying or negotiating a licensing agreement, franchise agreement or other agreements. This article will demonstrate some issues for trademark registration abroad.


PNG: Changes to the Companies Act: Re-registration
  • Allens Vietnam
March 28 2023

On 1 December 2022, the Companies (Amendment) Act 2022 (the Amendment) came into operation and started the clock ticking for all existing companies to apply for re-registration by 1 December 2023, or risk being de-registered. But there is a hidden trick to re-registration. In this Insight, we explore what this means.


Vietnam: Is it possible to settle the disputes related to IP rights by Commercial Arbitration in Vietnam?
  • BLawyers Vietnam
March 24 2023

Recently, international commercial arbitration tends to broadly accept the settlement of disputes related to intellectual property (“IP”) rights by Arbitration. However, in Vietnam, the regulations on the jurisdiction of Commercial Arbitration over the disputes related to IP rights are not clear.


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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