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Stricter conditions for foreign borrowings by Vietnamese entities under draft circular
  • Venture North Law Firm
Tuesday, August 09 2022

The State Bank of Vietnam is drafting a circular (Draft) to replace Circular 12 (2014) on conditions for enterprises to borrow foreign loans not guaranteed by the Government. The Draft has some remarkable changes to the conditions of foreign borrowings by Vietnamese companies and credit institutions, and generally will tighten such conditions.


Some thoughts on data localization
  • Indochine Counsel
Tuesday, August 02 2022

Vietnam has rigid requirements surrounding data localization, requiring data collectors to open a branch office or representative office and to refrain from transferring any data collected on Vietnamese citizens out of the country. This post discusses some of the benefits and drawbacks of these requirements.


Some Issues of Data Protection in International Websites
  • Indochine Counsel
Monday, August 01 2022

While Vietnam goes out of its way to keep a cultural and policy separation between itself and China, it remains associated with China from its geographical proximity and single party governance. One can easily forecast future challenges Vietnamese companies may face as they reach a critical point of global adoption.


Vietnam Weekly Update - 24 July 2022
Cập Nhật Hàng Tuần Việt Nam - 24 Thang 07 2022
  • BLawyers Vietnam
Sunday, July 24 2022

In this update: 1) Judicial expertise in the financial field, and 2) Deducting input value-added tax.


Cambodia: Relief Measures Pandemic Recovery Extended
  • DFDL Cambodia
Friday, July 22 2022

The Royal Government of Cambodia will continue its relief measures to mitigate the economic impact of Covid-19 and support the recovery of the country’s battered tourism sector, according to an official announcement on 15 July 2022.


Merger Decisions Provide Important Guidance
  • DFDL Thailand
Friday, July 22 2022

In January 2022, Thailand’s Trade Competition Commission (“TCC”) issued three merger decisions that provide important guidance on the application of Thailand’s merger regime. The three issued decisions interpret what constitutes a business operator for purposes of the TCA.


Thailand’s Personal Data Protection Act (“PDPA”) – Subordinate Laws
  • DFDL Thailand
Sunday, July 17 2022

On 20 June 2022, the Personal Data Protection Committee (“PDPC”) enacted subordinate laws complementing the data protection obligations of Data Controllers and Data Processors pursuant to the Thai Personal Data Protection Act (“PDPA”). This article highlights several notifications of the Committee.


Interim Injunctions and Emergency Arbitration in Thailand
  • DFDL Thailand
Sunday, July 17 2022

Thailand is a party to the UNCITRAL Model Law on International Commercial Arbitration, and the country’s main arbitration law is the Thai Arbitration Act 2002 (“TAA”). Yet, the TAA does not contain provisions for appointment of an emergency arbitrator and does not provide for a tribunal to issue interim measures.


Key notes on the recent Report of the MOIT to the PM on the draft PDP VIII
  • DFDL Vietnam
Friday, July 15 2022

Per the Prime Minister’s instruction and the Vice Prime Minister's directives, the Ministry of Industry and Trade (“MOIT”) has just reported its recommendations and projections regarding Solar and LNG capacity and planning.


Myanmar: Ministry of Electric Power Issues Six Hydropower Tenders
  • DFDL Myanmar
Friday, July 15 2022

The Department of Hydropower Implementation (“DHPI”) at the Ministry of Electric Power (“MoEP”), under the State Administration Council (“SAC”), has issued tenders inviting private investment for the implementation of hydropower projects in Myanmar.


Vietnam Weekly Update - 08 July 2022
Cập Nhật Hàng Tuần Việt Nam - 08Thang 07 2022
  • BLawyers Vietnam
Tuesday, July 12 2022

In this legal update: 1) Amending, and supplementing several articles of the Law on Intellectual Property; 2) The application of interest rates upon premature withdrawal of deposits from credit institutions and foreign bank branches


Vietnam: Decree on disclosure of information on housing and real estate market
Viet Nam: Nghị định về công bố thông tin về nhà ở, thị trường bất động sản
  • Apolat Legal
Tuesday, July 12 2022

In this issue, we would like to bring to your attention to the following: 1) From July 11th, 2022, environmental protection tax on gasoline and oil will be reduced, and 2) Decree on disclosure of information on housing and real estate market.


Challenges to a Global KYC Experience
  • Indochine Counsel
Wednesday, July 06 2022

Know Your Customer (KYC) is a major element of most countries’ anti-money laundering legislation. Vietnam is no exception. It has developed a comprehensive set of KYC regulations and have even extended the process to allow for digital KYC confirmation. However, KYC relies on the cooperation of each country.


Vietnam: New regulations on compulsory insurance for third parties in construction
  • Apolat Legal
Tuesday, July 05 2022

In this update: 1) New regulations on compulsory insurance for third parties in construction, and 2) Proposal on bidding to select investors for construction and business of golf courses.


New Decree On Industrial Zone In Vietnam
  • Venture North Law Firm
Monday, July 04 2022

Draft Regulations On Information Data Center Services
  • Venture North Law Firm
Monday, July 04 2022

The Government is drafting a Decree to amend some articles of Decree 72/2013 on administrating, providing and using Internet services and online information (Draft Decree). The Draft Decree proposes several major changes of Decree 72, one covers the service of information data centers.


Unclear de-listing grounds for listed companies in Vietnam
  • Venture North Law Firm
Monday, July 04 2022

Under Decree 155/2020, from 1 January 2022, a listed company will be delisted if the financial statements of such company for three consecutive years are qualified by the company’s auditor. This is a new de-listing ground.


The completion time of a de-merger of a Vietnamese company
  • Venture North Law Firm
Monday, July 04 2022

In cases of a de-merger of a company, the Enterprise Law 2020 does not make clear when will the de-merger of the new company from a de-merged company (or existing company) be considered as legally competed. This update discusses the issue.


Myanmar: Consumer Protection Rules Implemented
  • DFDL Myanmar
Wednesday, June 29 2022

Pursuant to the enactment of the Myanmar Consumer Protection Law in 2019, the Ministry of Commerce issued its implementing regulations by enforcing the Consumer Protection Rules. In this alert, DFDL draws attention to some of the salient features of the CPR.


Vietnam: Proposed regulations on lending via electronic means
  • Apolat Legal
Wednesday, June 29 2022

In this update: 1) Proposed regulations on lending via electronic means, 2) Resolving difficulties in reducing VAT to 8%.


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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