Updates
Vietnam: Progresses with Personal Data Protection Law
- KPMG Law Limited
After the issuance of the Personal Data Protection Decree in 2023, Vietnam’s Ministry of Public Security is currently spearheading the development of a comprehensive Personal Data Protection Law, aiming to harmonize data protection regulations and bring them in line with global standards.
Vietnam: An In-depth Look into the New Law on Telecommunications of Vietnam
- KPMG Law Limited
On 24 November 2023, Vietnam’s National Assembly promulgated Law No. 24/2023/QH15 on Telecommunications, replacing the Law No. 41/2009/QH12 on Telecommunications dated 23 November 2009, aiming to introduce a new and updated version that is better aligned with the present digital economy.
Vietnam: Legal Update On The New Law on Housing
- KPMG Law Limited
On 27 November 2023, the National Assembly adopted a new Law on Housing which supersedes the former Law on Housing 2014. In this legal alert, we will discuss the key features of the New Law that may have an impact on the rights of land users in the private sector, particularly in relation to foreign-invested enterprises.
Vietnam: Unveiling Vietnam’s Latest Real Estate Business Law: Key Regulations, Changes, and Implications
- Indochine Counsel
The new Law on Real Estate Business is expected to address the shortcomings of the existing Law on Real Estate Business of 2014 and ensure alignment with the other relevant laws, such as the new Housing Law, the new Land Law, and the 2020 Investment Law. This article briefly summarizes some of the most worth mentioning new regulations and changes.
Cambodia: Civil Registration and Identification Under The Law On Civil Registration and Identification Under The Law On Civil Registration Vital Statistics And Identification 2023
- BNG Legal
Responding to population growth and the need for population management, the Law on Civil Registration, Vital Statistics and Identification was promulgated on 01 July 2023. This law sets out the rules and procedures on civil and residence registration, vital statistics, identification registration and population registry management.
Vietnam: Officially impose global minimum tax from fiscal year 2024
- Apolat Legal
Global minimum tax issues: Official imposition of the global minimum tax from fiscal year 2024, Regulations on declaring, paying and managing taxes, update regarding the liability reduction during the transition period for fiscal years.
Vietnam: Amending regulations on awarding shares in indirect foreign portfolio investment activities
- Apolat Legal
In this update: 1) The definition ‘’Organization executing the program that awards shares issued in foreign nation’’ is amended in Article 3, Circular 10/2016/TT-NHNN, 2) Circular 10/2016/TT-NHNN supplementing regulations on implementation principles related to the purpose of the share awarding program.
Vietnam: The draft regulations require digital platforms to register form contracts
- Apolat Legal
The Ministry of Planning and Investment is publishing a draft Decree regulating the conversion of state-owned companies established and operating under the Law on State Enterprises into single-member limited liability companies organized and operated in accordance with the Law on Enterprises.
Cambodia: Annual Labour Compliance Obligations for 2024
- DFDL Cambodia
Enterprises are subject to various labour obligations and filing requirements pursuant to the Labour Law and its implementing regulations. To assist with your annual labour compliance, we have prepared a detailed compliance calendar that provides information on each requirement, associated penalties and the deadlines for each filing as summarized in the table here.
Myanmar: Notification Establishing Service Fees for Copyright Registration
- DFDL Myanmar
After issuance of the notification that accompanied a comprehensive list of copyright application forms, the Ministry of Commerce issued a follow-up notification on 13 February 2024. This Notification specifies service fees based on the categories of services for the registration of copyrights and other related rights.
Vietnam: New Law on Telecommunications
- KPMG Law Limited
On November 24th, 2023, Vietnam's National Assembly enacted the new Law on Telecommunications (Law No. 24/2023/QH15), replacing the outdated 2009 law. This updated framework aims to align with the evolving digital economy, impacting data centers, cloud computing, OTT communication services, telecoms wholesale, among others.
Vietnam: Legal Framework for PPP Contracts
- LNT & Partners
The number of public-private partnership (PPP) projects in Vietnam remains relatively low, including those related to solid waste management. To address this challenge, the National Assembly of Vietnam passed the Law on Public-Private Partnership Investment on 18 June 2020, commonly referred to as the "Law on PPP".
Vietnam’s Amended Credit Institutions Law 2024: Enhancing Transparency and Stability
- Indochine Counsel
The draft to amend the 2010 Law on Credit Institutions has undergone multiple versions, featuring crucial amendments and supplements. The amended Law as approved is expected to have a major impact on the operations of credit institutions in Vietnam. This article discusses the changes.
Myanmar-India Border Trade Rupee Vostro Account Guidelines
- DFDL Myanmar
As of 25 January 2024, the Central Bank of Myanmar issued detailed guidelines for a new payment mechanism for India-Myanmar border trade. This mechanism utilizes the Special Rupee Vostro Account, and these Guidelines are framed within the legal framework of the Foreign Exchange Management Law.
Cambodia: Civil Registration and Identification Under The Law On Civil Identification.
- BNG Legal
On 29 December 2000, the Government of Cambodia issued Sub-Decree No. 103 to define the formality and the procedure for Civil Registration affairs in the Kingdom of Cambodia. The Sub-Decree has, until recently, been the primary legislation for civil status registration and the main source for registrars to use for civil registration in the Kingdom.
Cambodia Tax Alert: ACAR and Unaudited Financial Statements – An Explainer
- DFDL Cambodia
The Accounting and Auditing Regulator of Cambodia (ACAR) has upgraded its public profile in recent times from relative obscurity to that of being well in the public spotlight. This is in part due to its recent enthusiastic and somewhat liberal application to the large array of penalties at its disposal with respect to entities that fall foul of its compliance requirements.
Cambodia: Implementation of Prakas on Unfair Contract Terms
- DFDL Cambodia
Following promulgation of the Law on Consumer Protection the Ministry of Commerce issued Prakas 0067 on Unfair Contract Terms aiming to protect consumer’s rights against excessive exploitation of benefits and abuse of circumstances arising from the contractual relations between consumers and business operators.
Indonesia: Insights from the Latest Supreme Court Circular Letter
- Nusantara DFDL Partnership Indonesia
The Supreme Court of Indonesia issued a circular letter to all courts of the first and second level as guidelines for the judges across Indonesia to achieve uniformity in the application of the law and consistency in every court decision. This update discusses Supreme Court Circular Letter No. 3 of 2023 regarding The Implementation of the 2023 Supreme Court Plenary Meeting Results as Guidelines for the Implementation of Duties for Courts (“CL 3/2023“).
Cambodia: Labelling of Products/Goods and Services
- DFDL Cambodia
The Consumer Protection Competition and Fraud Repression Directorate-General issued a Notification on the Labelling of Information for Consumers on Products, Goods and Services dated 23 September 2022 as part of the enforcement of the Consumer Protection Law. This update discusses the Notification.
Cambodia: Tax Amnesty Deadline Announced
- DFDL Cambodia
Prakas No. 071 MEF.P.GDT on Incentives for the Voluntary Correction of Tax Declarations Prakas 071 was signed on the 30th of January 2024. Prakas 071 amends the application of Prakas 217 issued by the Ministry of Economy and Finance in March 2022.
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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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