Updates
Vietnam: Draft Law on Personal Data Protection - An Urgent Requirement and Legal Framework for Personal Data Protection in the Digital Era
- ADK Lawyers
The Personal Data Protection Law is essential to safeguard citizens’ rights, prevent data violations, and enhance the accountability of organizations, businesses, and individuals. This article will review issues such as big data, cloud storage, labour recruitment, compliance checks, business activities related to data, and others.
Vietnam: Legal Entanglements on the Transfer of Commercial Housing Sale and Purchase Agreements under the Law on Real Estate Business 2023
- ADK Lawyers
From 01 August 2024, when the Law on Housing 2023 and the Law on Real Estate Business 2023 replaced the Law on Housing 2014 and the Law on Real Estate Business 2014, the regulations on the transfer of housing sale and purchase agreements also changed.
Vietnam: Conditions and procedures for establishing a real estate exchange
- Apolat Legal
A real estate exchange is a venue where all services related to real estate transactions are conducted and provided. It ensures transparency and openness, helping investors confidently search for and invest in real estate. This article provides additional regulations on the conditions and procedures for setting up a real estate exchange according to current legal provisions.
Vietnam: Rights And Obligations Of Franchisees In Commercial Franchise
- ADK Lawyers
Commercial franchise means a commercial activity whereby franchisors permit and require franchisees to undertake by themselves to purchase or sell goods or provide services based on certain conditions and methods of business organisation prescribed by the franchisors.
Vietnam: Draft Decrees on Data Regulation
- KPMG Law Limited
The Government is strengthening regulations to better oversee sensitive data, prevent unauthorised data trading, and provide clear legal guidelines for businesses in the data economy. These changes seek to balance three key priorities: national security and defence, the growth of data-driven businesses - including maximising business value in the digital economy - and the protection of personal data as a fundamental human right.
Vietnam: Legal Update on the Draft Legal Documents Guiding the Data Law
- Lexcomm Vietnam LLC
On 30 November 2024, the Data Law was officially passed and will come into effect on 01 July 2025. To cement the provisions of the Data Law, the Ministry of Public Security has drafted and released various draft legal documents for public consultation. In this legal update, we will outline the key contents of these legal documents.
Vietnam: Proposal to require marketplace operator to withhold tax from individual sellers
- PwC Legal Vietnam
The Government intends to issue a Decree on tax management for the business activities on ecommerce and digital platforms, which require operators of the domestic and foreign e-commerce platforms to withhold and pay taxes (including PIT and VAT) for certain individuals and meeting specific criteria, as discussed in this update.
Vietnam signs MCAA on exchange of country-by-country reports
- PwC Legal Vietnam
On 3 January 2025 Vietnam signed the multilateral competent authority agreement on the exchange of country-by-country reports (MCAA CbCR). In this NewsBrief we set out what this means for companies and groups in Vietnam which fall within the CbCR rules.
Malaysia: Implementation of the Personal Data Protection (Amendment) Act 2024
- DFDL Malaysia (Robyn Lynn & Lee)
Pursuant to a notification in the Gazette published on 24 December 2024, the Personal Data Protection (Amendment) Act 2024, is set to come into effect in 3 phases. We set out below an overview of each phase.
Cambodia: Clarification on Initial Work Permit for Foreign Employees and New Requirements
- DFDL Cambodia
On 12 August 2024, the Ministry of Labor and Vocational Training (“MLVT”) issued Notification 022/24 to clarify the process for hiring foreign employees.
Cambodia: Cryptoassets Regulation Introduced by the National Bank of Cambodia
- DFDL Cambodia
The NBC has passed a new regulation permitting commercial banks and payment settlement institutions to provide services relating to cryptoassets pursuant to Prakas B7-024-735 Prokor on Transactions Related to Cryptoassets on 26 December 2024.
Cambodia: Good News: Additional Real Estate Services Now Go Online In Phnom Penh
- DFDL Cambodia
In a significant move to enhance the efficiency, effectiveness, and expeditiousness of public service delivery, on 6 January 2025, the MLMUPC announced the trial launch of seven additional online services, effective from 7 January 2025. Please note that only properties located in Phnom Penh will be accessible to these online services.
Vietnam: New Regulations on Environmental Protection Fees on Exhaust Gas Emissions have been Promulgated
- DFDL Vietnam
Decree No. 153/2024/ND-CP, which governs the environmental protection fees on exhaust gas emissions, was issued by the Government of Vietnam on November 21, 2024 (“Decree 153“). This new regulation will take effect from January 5, 2025. Emission-discharging facilities in all parts of Vietnam will be impacted by this law.
Myanmar: New Procedures for Authorized Economic Operators in Myanmar
- DFDL Myanmar
he Ministry of Planning and Finance has recently issued Notification 89/2024, updating the procedures for the Authorized Economic Operator program in Myanmar. This notification repeals the earlier Notification 21/2018 on AEOs and became effective on 27 December 2024.
Vietnam's Draft Decrees on Data Regulation
- KPMG Law Limited
In November 2024, Vietnam’s National Assembly passed the Law on Data, which establishes a legal foundation for digital data management, security, processing, and use. It also mandates the creation of a National Data Centre and integrated National Database to improve state management and transparency.
Vietnam: Decree 182/2024/ND-CP on Investment Support Fund
- LNT & Partners
On 31 December 2024, the Vietnamese Government issued Decree No. 182/2024/ND-CP (“Decree 182”) on establishment, management, and utilisation of the Investment Support Fund (“ISF”), to provide financial support to high-tech enterprises and investment projects.
Myanmar: Significant Updates on Foreign Currency Tax Payments – New Procedures for Import/Export Taxes and Personal Income Tax in Myanmar
- DFDL Myanmar
In December 2024, the Ministry of Planning and Finance (“MOPF“) and the Internal Revenue Department (“IRD”) introduced two significant updates concerning foreign currency tax payments. These updates pertain to the calculation of import and export taxes, and the tax payment currency for individuals receiving salaries in Myanmar Kyats (“MMK”) under foreign currency contracts.
Myanmar: DICA Announces ONLINE Submission Requirements for Share and Director Changes Under MCL
- DFDL Malaysia (Robyn Lynn & Lee)
On 8 January 2025, the Directorate of Investment and Company Administration issued an announcement, effective immediately, requiring the online submission of documents for changes in a company’s shares and directors under the Myanmar Companies Law, 2017.
Myanmar: MOC Notification Unlocks Export Opportunities for Foreign Companies in Myanmar
- DFDL Myanmar
On 17 December 2024, the Ministry of Commerce under the State Administration Council issued a notification (“Notification“) permitting foreign companies to export eight specific product categories, either by manufacturing them directly or purchasing them from other manufacturers.
Myanmar: MOPF Reinstates CBM’s Reference Exchange Rate for Customs Duties and Import/Export Taxes
- DFDL Malaysia (Robyn Lynn & Lee)
Less than a month after implementing a new procedure for calculating customs duties and taxes on imports and exports, the Ministry of Planning and Finance (“MOPF”) has reinstated the Central Bank of Myanmar’s Reference Exchange Rate for calculating such taxes.
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