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Vietnam’s International Commitments in Data Privacy
  • Indochine Counsel
Monday, June 06 2022

To finish our long review of data privacy regulations in e-commerce, including data localization and cybersecurity issues, this post shares our overview of relevant commitments in these areas in international agreements to which Vietnam has recently become a member.


New requirements for trading of privately placed corporate bonds
  • LNT & Partners
Wednesday, June 01 2022

Draft Decree 153 aims to further strengthen the legal framework for a viable, transparent and effective corporate bond market. However, in its current form, the draft decree could impede the trading of corporate bonds for both issuers and investors.


Extending the deadline for special consumption tax payment for automobiles manufactured or assembled locally
  • PwC Tax & Advisory Vietnam
Tuesday, May 31 2022

On 21 May, the Government issued Decree 32/2022 to extend the special consumption tax (“SCT”) payment deadline for locally manufactured or assembled automobiles, applicable for the period from June to September 2022. Decree 32/2022 takes effect from the signing date to 31 Dec 2022.


Myanmar: Tender Bid Submission in Oil & Gas Sector
  • DFDL Myanmar
Tuesday, May 24 2022

The Myanmar Ministry of Energy has issued two invitations for sealed bids to be submitted to function as an operator and shareholder in the Yetagun Project on a production-sharing contract basis and a petroleum operator for the Htaukshabin-Kanni Oil Field onshore oil fields.


Vietnam: New Circular supporting small and medium innovative businesses; Supporting loans of 2% per year
  • Apolat Legal
Monday, May 23 2022

In this update: 1) New Circular supporting small and medium innovative businesses, 2) Supporting interest rate of 2%/year from the state budget with loans from businesses


Vietnam Legal Updates - Vol. 41: Finalizing a Decree on customs management with goods transacted via e-commerce
  • ADK Lawyers
Monday, May 23 2022

In this update: 1) Suspension of Covid-19 test requirements before entering Vietnam, 2) Preventing tax loss in real estate transfer, 3) Finalizing a Decree on customs management with goods transacted via e-commerce


Vietnam Legal Updates - Vol. 40: Guidance on business conditions for rooftop solar power
  • ADK Lawyers
Monday, May 16 2022

In this update: 1) Guidance from the Ministry of Industry and Trade to business conditions for rooftop solar power, and 2) Draft Decision on piloting the direct trading mechanism between renewable energy generators and large electricity clients


Vietnam: Ministry of Finance issues Letter on combating tax loss in business activities and real estate transfer
  • Apolat Legal
Friday, May 13 2022

In this update: 1) Temporarily suspending medical declaration for people entering Vietnam, 2) The Ministry of Finance issued Official Letter 3849/BTC-TCT on combating tax loss in business activities and real estate transfer.


Vietnam Weekly Update - 12 May 2022
Cập Nhật Hàng Tuần Việt Nam - 12 Thang 05 2022
  • BLawyers Vietnam
Thursday, May 12 2022

In this update: 1) Guidance on the implementation of business investment projects, and 2) Frequently asked legal questions category


New Resolution Loosening Employees' Overtime Cap
  • Venture North Law Firm
Tuesday, May 10 2022

To support enterprises to deal with the labor shortage during the Covid-19 pandemic, on 23 March 2022, the Standing Committee of the National Assembly of Vietnam passed Resolution 17 to loosen the overtime limit of employees as compared to the Labor Code 2019.


Sending of notices under VIAC’s rules
  • Venture North Law Firm
Tuesday, May 10 2022

A party to an arbitral proceedings under VIAC’s Rules must send its notice and other submission to VIAC which will then forward the notice and submission to the other parties to the proceeding.


Requirement for contracting parties’ consent in case of de-merger of a Vietnamese company
  • Venture North Law Firm
Tuesday, May 10 2022

In the case of a de-merger of a Vietnamese company, must the remaining company comply with the procedures for transferring contractual rights and obligations under the Civil Code 2015 including obtaining consents from its contracting parties?


Cambodia: Issue of Sub-Decree on the Organization and Functioning of the Competition Commission
  • DFDL Cambodia
Monday, May 09 2022

On 17 February 2022, Cambodia issued the Sub-Decree on the Organization and Functioning of the Cambodia Competition Commission. The Sub-Decree provides the structure and function for the Cambodia Competition Commission, the regulatory authority designated under the Law on Competition.


Cambodia: Extended Deadline for Foreign Employee Work Permit Applications Approaching
  • DFDL Cambodia
Monday, May 09 2022

On 28 March 2022, the Ministry of Labour and Vocational Training issued Notification 011/22 to extend the deadline for foreign employee work permit applications to 31 May 2022 to help foreign employees who are not able to renew or apply for work permit on time in light of the COVID-19 outbreak.


Legal Regulations On Receiving A Non-Refundable Sponsorship By a Subsidiary In Vietnam From Its Foreign Parent Company
  • ADK Lawyers
Friday, May 06 2022

The transfer of a non-refundable sponsorship to a subsidiary by its Parent Company is defined as a one-way money transfer, and as a current transaction. This article discusses such sponsorship transactions.


Vietnam: Proposing new regulations on refinancing on the basis of special bonds of credit institutions
  • Apolat Legal
Wednesday, May 04 2022

In this update: 1) Guidance on implementing regulations on increasing overtime, 2) Proposing new regulations on refinancing on the basis of special bonds of credit institutions.


Vietnam Weekly Update - 30 April 2022
Cập Nhật Hàng Tuần Việt Nam - 30 Thang 04 2022
  • BLawyers Vietnam
Saturday, April 30 2022

In this update: 1) The Corporate Income Tax (“CIT”) policy upon relocation of business head office, 2) Guidance on canceling invoices


Vietnam Legal Updates - Vol. 39: Draft on peer-to-peer lending trial
  • ADK Lawyers
Saturday, April 30 2022

In this update: 1) Draft on peer-to-peer lending trial, 2) Reduction of environmental protection tax rates for petrol, oil and grease, and 3) Increase the number of overtime working hours in the context of Covid-19 pandemic. prevention and control


Circular 24/2022 amending Circular 48/2019 regarding making provisions
  • PwC Legal Vietnam
Friday, April 29 2022

On 7 April, the Ministry of Finance issued Circular 24/2022/TT-BTC amending Circular 48/2019 regarding the provision for devaluation in investment in government bonds, municipal bonds and government-guaranteed bonds. Circular 24/2022 takes effect from 25 May 2022.


Myanmar: Deadline Nears for Companies and Non-profits to Register for Tax ID Number
  • DFDL Myanmar
Thursday, April 21 2022

The Ministry of Planning and Finance issued Notification 20/2022 on 31 March 2022 reiterating that companies and non-profit organizations were required to obtain a Taxpayer Identification Numbers with the Internal Revenue Department.


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Legal Terms Bilingual Index

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