Updates
Vietnam: Three questions about the implementation of ESPP program for employees working at enterprises
- BLawyers Vietnam
In addition to an Employee Stock Ownership Plan (ESOP), joint stock companies in some countries are now applying a different long-term financial incentive program through share ownership for their employees called an Employee Stock Purchase Plan, also known as ESPP. In this article, BLawyers Vietnam presents information about ESPP and the regulations of Vietnamese labor law related to ESPP.
Vietnam: Environment Permits Under The Environment Protection Law 2020
- Venture North Law Firm
The Environment Permit is a new concept under the Environment Protection Law 2020, which consolidates most of the environment permits or licences under the previous environment laws into a single document to help monitor and record all the environmental aspects of an investment project.
Vietnam: Comments on Draft on Law on Real Estate Business – Part 1
- Venture North Law Firm
In May 2023, Ministry of Construction and VCCI jointly held a Seminar on Draft of new Law on Real Estate Business (Draft Real Estate Business Law) to collect opinions and comments from enterprise community and experts. This update sets out some notable changes introduced by the Draft Real Estate Business Law.
Vietnam: Approval on 2% VAT rate cut in 2023
- PwC Tax & Advisory Vietnam
On 24 June 2023, the National Assembly approved the Resolution of the 5th Meeting of National Assembly XV. This includes a VAT rate reduction which will take effect from 1 July 2023 until 31 December 2023.
Cambodia: 2023 Property Tax Deadline – 30 September
- DFDL Cambodia
On 22 June 2023 the General Department of Taxation (“GDT”) issued Notification 20923 reminding property owners of their annual obligations with respect to immovable property tax (“TOIP”) and Unused Land Tax
Vietnam Pocket Tax Book 2023
- PwC Tax & Advisory Vietnam
A synopsis of the most important Vietnam tax issues
Cambodia: A New Regulation Related to Real Estate Development Business is Coming Up
- DFDL Cambodia
On 2 March 2023, the Royal Government of Cambodia issued Sub-Decree No. 50 on the Management of Real Estate Development Business (“Sub-Decree 50”). Although Sub-Decree 50 was issued, Prakas No. 089 dated 20 January 2020 on the Management of Real Estate Development Business (“Prakas 089”) remains valid and enforceable.
Cambodia: Consumer Rights Under Prakas 0113 on Cooling-Off Period
- DFDL Cambodia
To improve consumer protection, the Ministry of Commerce issued Prakas 0113 on the Cooling-Off Period dated 11 April 2022. Prakas 0113 sets out a legal framework that gives consumers a right to unilaterally withdraw from a contract of supplying goods or services during the specified cooling-off period.
Vietnam: 21 frequently asked questions and answers about the registration of secured transaction for existing land-attached assets
- BLawyers Vietnam
In this update, BLawyers Vietnam provide an overview of secured transaction registration for existing land-attached assets (houses, factories, etc.), and present the conditions and procedures for registering secured transaction pursuant to the prevailing law of Vietnam.
Vietnam: Boundaries of Shareholder Agreements: Examining the Validity of Typical Provisions
- LNT & Partners
This article aims to examine the legal validity and enforceability of agreements related to share transfer restrictions, decision-making restrictions, and corporate management and control commonly found in SHA in Vietnam.
Vietnam: Share-based bonuses from non-public companies to employees and 03 related issues
- BLawyers Vietnam
In this article, BLawyers Vietnam presents three issues relating to the issuance of shares and share-based bonuses for employees in non-public JSCs pursuant to the prevailing laws of Vietnam.
Vietnam: The Restriction Period for Credit Institutions to Repurchase Corporate Bonds has been recently lifted until the end of 2023
- LNT & Partners
On April 23, 2023, Circular No. 03/2023/TT-NHNN was promulgated with immediate effect from the following day until 31 December 2023, suspending the validity of Clause 11 of Article 4 of Circular No. 16/2021/TT-NHNN on corporate bond trading of credit institutions and branches of foreign banks.
Cambodia: Procedures and Fines for Violation of the Competition Law
- DFDL Cambodia
On 22 February 2023, the Cambodian Ministry of Commerce issued a new regulation on the Forms and Procedures for Issuance of Temporary Suspension Measures and/or Decisions by the Cambodia Competition Commission to strengthen the enforcement of the Law on Competition in Cambodia.
Myanmar: New Exporter and Importer Registration Order
- DFDL Myanmar
The Ministry of Commerce under the SAC issued an Exporter / Importer Registration Order on 10 May 2023, establishing guidelines and regulations for registration, renewal, and modification processes related to Exporter/Importer Registration, Business Registration, and Verification Cards.
Vietnam’s National Power Development Plan 2021 - 2030
- DFDL Vietnam
The Prime Minister executed Decision No. 500/QD-TTG, dated 15 May 2023 approving the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050. PDP 8 confirms Vietnam’s national commitment to forward-looking electricity development “building an independent and self-reliant economy, improving the people’s livings standards and… quality of life.”
Vietnam: In-country import and export model in Vietnam would be abolished
- PwC Legal Vietnam
On 29 May 2023, the General Department of Customs (“GDC”) issued official letters no. 2587/TCHQ-GSQL and 2588/TCHQ-GSQL regarding draft amendments to Article 35 Decree 08/2015/ND-CP on in-country export and import transactions.
Myanmar: Tax Guide 2023 Edition
- DFDL Myanmar
The 2023 Myanmar Tax Guide covers: 1) The legal framework and administration of taxation, 2) The types and rates of taxes applicable to different entities and transactions, 3) The tax incentives and exemptions available for certain activities and industries, 4) The tax obligations and compliance procedures for taxpayers.
Vietnam: A close look at Vietnam's first consolidated personal data protection regulation
- Allens Vietnam
From 1 July 2023, Vietnam's first ever consolidated Personal Data Protection Decree (PDPD) will take effect. Following international trends, in particular the European Union's General Data Protection Regulation (GDPR), the PDPD seeks to strengthen rules on the collection, processing and transfer of personal data. In this Insight, we take a close look at the key provisions of the PDPD and its impacts on businesses.
Cambodia: Gambling Licensing in Cambodia
- BNG Legal
To bring clarity and increased oversight to the sector, the Royal Government introduced the Law on Management of Commercial Gaming in 2020, and further clarified the regulations in subsequent Sub-Decrees. This newsletter will focus primarily on the licensing and requirements for casino -based gambling.
Vietnam: Direct Power Purchase Agreement in Vietnam – The basics
- Venture North Law Firm
Before the PDP VIII was issued, in 2022, a draft decision of the Prime Minister on a pilot scheme for the DPPA mechanism was circulated for public opinion. In this article, we will discuss the basic structure of the DPPA mechanism and some key points in a DPPA.
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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