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Vietnam Updates From ADK - Vol. 33: Credit institutions to buy corporate bonds when non-performing loan ratio is below 3%
Bản Tin Pháp Luật Từ ADK - Số 33: Tổ chức tín dụng chỉ được mua trái phiếu của doanh nghiệp khi có tỷ lệ nợ xấu dưới 3%
  • ADK Lawyers
Friday, January 21 2022

In this update: 1) Additional regulations on sanctioning for the case of making invoices lacking required information, 2) Credit institutions only allowed to buy corporate bonds when their non-performing loan ratio is below 3%, 3) Decree 08/2022/ND-CP takes effect from 10 January 2022.


Vietnam: Stop producing, importing single-use plastic products after December 31st, 2023
  • Apolat Legal
Thursday, January 20 2022

In this update: 1) According to Decree 08 2022 and guiding the Law on Environmental Protection 2020, the Government requires that after 2030, the production of single-use plastics should be stopped, and 2) Supplement the sources for receiving complaints in civil judgment enforcement.


E-Commerce VAT Registration/Reverse Charge Implementation Date Extended
  • DFDL Cambodia
Tuesday, January 18 2022

The General Department of Taxation (“GDT”) issued Notification no. 776 GDT on the 17th of January 2022 (“Notification 776”) which delays the implementation of Prakas 542 MEF.P on the Rules and Procedure for the Implementation of VAT on E-Commerce (“Prakas 542”) to 31 March 2022.


Vietnam Weekly Update - 17 January 2022
Cập Nhật Hàng Tuần Việt Nam - 17 Thang 01 2022
  • BLawyers Vietnam
Tuesday, January 18 2022

In this legal update: 1. Detailed regulations on the implementation of several articles of the Law on Real Estate Business, 2. Detailed regulations on the implementation of several articles of the Law on Real Estate Business; and 3. Guidance on insurance premium tax refund.


Digital Banking in Vietnam
  • Indochine Counsel
Monday, January 17 2022

On 11 May 2021 the State Bank of Vietnam adopted Decision 810 approving the plan for the digital transformation of the banking sector by 2025 with orientations towards 2030, which outlined the specific goals on digital transformation rates for the operations of credit institutions.


Vietnam: Reducing the levy of 37 fees to assist and alleviate difficulties for entities affected by Covid-19.
Viet Nam: Giảm mức thu 37 khoản phí, lệ phí nhằm hỗ trợ, tháo gỡ khó khăn cho đối tượng chịu ảnh hưởng bởi dịch Covid-19.
  • Apolat Legal
Tuesday, January 11 2022

In this update: 1. Reducing the levy of 37 fees and charges to assist and alleviate difficulties for entities affected by Covid-19, 2. Customs documents for imported humanitarian aid goods, gifts and presents serving the prevention and fight against Covid-19.


Vietnam Updates From ADK - Vol. 32: . Decree 02 on the Implementation of the Law on Real Estate Trading
Bản Tin Pháp Luật Từ ADK - Số 32: Chính phủ ban hành Nghị định 02/2022/NĐ-CP thay thế Nghị định 76/2015/NĐ-CP quy định chi tiết thi hành một số điều của Luật Kinh doanh Bất động sản.
  • ADK Lawyers
Tuesday, January 11 2022

1. The Government promulgates Decree 02/2022/ND-CP replacing Decree 76/2015/ND-CP detailing the implementation of a number of articles of the Law on Real Estate Trading, 2. Some types of service businesses are allowed to re-open in Ho Chi Minh City, 3. The Supreme People's Court publish 09 new legal precedents.


The Metaverse and Vietnam
  • Indochine Counsel
Monday, January 10 2022

For the Metaverse, what works in America may not work in other parts of the world, nor be particularly well adapted to different cultures. There are questions as to whether Zuckerberg’s Metaverse will be able to operate in Vietnam and what some of the legal implications might be if it tries.


Allocating Sea Area for Offshore Wind Power Projects In Vietnam
Giao Khu Vực Biển cho Các Dự Án Điện Gió Trên Biển ở Việt Nam
  • Venture North Law Firm
Friday, January 07 2022

It is likely that an offshore wind power project (Offshore WPP) will need to follow the procedures under Decree 11/2021 in order to be allocated with the necessary sea area for development and operation of the Offshore WPP, as explained in this legal update.


Offshore Wind Development in Vietnam – Legal Issues Relating to the Use of Sea Area
Phát Triển Điện Gió Ngoài Khơi ở Việt Nam - Các Vấn Đề Pháp Lý liên quan đến việc Sử Dụng Khu Vực Biển
  • Venture North Law Firm
Friday, January 07 2022

Vietnam appears to have Great Potential to develop offshore wind, however, except for regulations on offshore oil and gas development under the Petroleum Law, Vietnam does not have adequate regulations to develop a large offshore infrastructure project such as offshore wind farms.


Notes for entering labor contracts with elderly employees
  • BLawyers Vietnam
Friday, January 07 2022

Despite reaching retirement age, many elderly employees still wish to continue working to earn income or because they are passionate about devoting themselves to society. How can enterprises sign the labour contracts with those elderly employees? This article discusses this issue.


The Problems Of Joint Venture Under Vietnam Competition Law
Các Vấn Đề Của Liên Doanh Theo Luật Cạnh Tranh Việt Nam
  • Venture North Law Firm
Friday, January 07 2022

The Competition Law 2018 requires a JV satisfying certain notification thresholds to be notified to the competition authority for review. However, the application of the JV concept under the Competition Law 2018 is problematic, as this articles discusses.


The Institutional Representative of the State in a Vietnamese State-owned Enterprise (SOE)
Cơ Quan Đại Diện Chủ Sở Hữu tại Doanh Nghiệp Nhà Nước Việt Nam (DNNN)
  • Venture North Law Firm
Friday, January 07 2022

Decree 47/2021 implementing the Enterprise Law 2020 and Decree 10/2019 implementing the Law on Management State Capital 2014 provide helpful clarification on the entities which can act as the owner representative agency of the State in a SOE, as explained here.


Vietnam Weekly Update - 3 January 2022
Cập Nhật Hàng Tuần Việt Nam - 3 Thang 01 2022
  • BLawyers Vietnam
Wednesday, January 05 2022

In this Legal Update: 1) Medical guidelines for COVID-19 prevention and control for people who are allowed to enter Vietnam to work for less than 14 days (short-term work); 2) Social insurance premiums for foreign workers and voluntary social insurance ; and 3) CIT policy for new investment projects.


Vietnam Updates From ADK - Vol. 31: National Assembly adopts Resolution on guiding the organization of online trials
Bản Tin Pháp Luật Từ ADK - Số 31: Luật Người Lao động Việt Nam đi làm việc ở nước ngoài theo hợp đồng 2020 cấm thu tiền môi giới của người lao động
  • ADK Lawyers
Monday, January 03 2022

In this update: 1) Law on Vietnamese Guest Workers bans charging workers with broker fees, 2) National Assembly adopts Resolution on guiding the organization of online trials, and 3) UNESCO adopted the first draft of Recommendation on the Ethics of AI.


Vietnam Weekly Update - 28 December 2021
Cập Nhật Hàng Tuần Việt Nam - 28 Thang 12 2021
  • BLawyers Vietnam
Thursday, December 30 2021

In this legal update: 1. The labeling of goods, 2. Expenses for making temporary residence cards and visas for foreign employees, 3. Regulations on working time and rest time for employees; and 4. Guidance on tax policy on tuition fees for children of foreign employees working in Vietnam.


Vietnam: New regulations on using the official development assistance (ODA) and concessional loans
  • Apolat Legal
Tuesday, December 28 2021

In this legal update: 1) Some adjustments in subjects, pension benefits, social insurance and monthly allowances, 2) New regulations on using the official development assistance (ODA) and concessional loans from foreign donors.


Draft Decree on Cybersecurity Sanctions
  • Indochine Counsel
Monday, December 27 2021

This post will examine the Draft Decree on Penalties for Administrative Violations in Cybersecurity issued for public opinion on 20 September 2021.


Vietnam Weekly Update - 21 December 2021
Cập Nhật Hàng Tuần Việt Nam - 21 Thang 12 2021
  • BLawyers Vietnam
Sunday, December 26 2021

In this week’s legal update: 1) Detailed regulations on several articles and measures to implement the Law on Vietnamese Guest Worker; 2) Guidance on tax assessment and overdue tax handling; and 3) Guidance on job protection of whistleblowers who work under labor contracts.


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