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Vietnam's Renewable Energy Landscape Post-New Policy Implementation

The National Power Development Plan for the period 2021-2030, with a vision towards 2050 (PDP8), was officially announced by the Prime Minister of Vietnam on May 15, 2023. This significant development is expected to drive new waves of investment and growth in Vietnam's power market, particularly in the renewable energy sector, in the upcoming phase.

Vietnam: Decree on Cybersecurity Administrative Sanctions To Be Released Next Month

The Government unveiled the appraisal dossier for the draft Decree on Cybersecurity Administrative Sanctions, which will impose administrative penalties for violations in cyberspace, including personal data breaches. This legal alert provides key highlights of the CAS Decree, especially on personal data breaches.

Myanmar: Annual Tax Compliance Reminder for FY 2023-2024

Our Tax Team would like to remind you that the deadline for filing your corporate tax returns for the fiscal year ended on 31 March 2024 (“FY 2023-2024”) is approaching soon.

Vietnam: Over 600 drugs and 4 medical devices are eligible for price negotiation under Circular 05

As of May 14, 2024, the Ministry of Health has implemented Circular 05/2024/TT-BYT outlining the catalog of drugs, medical tools, and testing equipment acquired through price negotiation. This follows the enactment of the 2023 Law on Tendering, effective since January 2024.

Myanmar: Barter Transaction Arrangement (BTA) Procedure

On 2 May 2024, the Department of Trade under the Ministry of Commerce of the State Administration Council introduced a new procedure for Barter Transaction Arrangements.

Vietnam’s PDP8 Implementation Plan

On 1 April 2024, the Prime Minister of Vietnam issued Decision No. 262/QD-TTg on approving the plan to implement the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050, with immediate effect.

Myanmar: FDA’s New Requirements for Food Product Code Registration

On 9 May 2024, the Department of Food and Drug Administration under the Ministry of Health announced a “Food Product Notification” following the 2022 “Labelling Order for Pre-packaged Foods” (“Order“). The Announcement aims to ensure proper food registration and assign food product codes to labels.

Myanmar: The New Minimum Reserve Ratio and Interest Rate on Average Excess Reserves Set by the CBM

On 30 April 2024, the Central Bank of Myanmar issued a new directive which primarily focuses on two aspects: the minimum reserve ratio that banks must maintain in Myanmar Kyat and the interest rate that the CBM must pay on average excess reserves maintained by the banks with the CBM.

Cambodia: Cambodia Concludes Agreement with Philippines on Double Taxation

Cambodia and the Philippines have recently finalized the Double Tax Agreement between the two nations, aimed at improving trade and simplifying investment mechanisms.

Vietnam: Twin Transition in Vietnam's Financial Sector - Green and Digital Transitions

Vietnam's financial institutions are increasingly feeling the impact of environmental, social, and governance (ESG) factors on their risk assessment, capital allocation, and governance structures. This update discusses the policies steps that could be taken.

Vietnam: Update on the implementation of the Law on electronic transactions regarding digital signatures

In this update: Decree No. 48/2024/ND-CP issued by the Government on amending and supplementing certain provisions of Decree No. 130/2018/ND-CP dated 27 September 2018 detailing the implementation of the Law on electronic transactions regarding digital signatures and digital signature authentication services.

Transfer of Wind Power Projects To Foreign Businesses

The phenomenon of Vietnamese enterprises massively applying for wind power investment projects and then selling them back to foreign enterprises to make a profit has been warned before, but now the project transfer market is even more bustling.

Procedures for Operation Registration of Rooftop Solar Power System

According to regulations, a newly established enterprise must have business lines that are suitable for the operation of the rooftop solar power system and must be registered with the Business Registration Division of the Department of Planning and Investment in the locality.

Vietnam’s PDP8 Implementation Plan

On 1 April 2024, the Prime Minister of Vietnam (the "PM") issued Decision No. 262/QD-TTg on approving the plan to implement the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050 (“Decision 262”), with immediate effect.

Myanmar: Barter Transaction Arrangement (BTA) Procedure

On 2 May 2024, the Department of Trade under the Ministry of Commerce of the State Administration Council introduced a new procedure for Barter Transaction Arrangements. This development could have significant implications for trade practices in Myanmar, potentially affecting how goods and services are exchanged without using currency.

Doing Business in Renewable Energy in Vietnam

Patent & Industrial Design Databases of Cambodia Launch

The databases of Cambodian patents and industrial designs were launched to the public on April 29, 2024. This is a very significant development, as information on applications and registrations were not yet consistently publicly available.

Vietnam: IPO Restructuring Insights

An IPO represents the pinnacle of achievement, enabling a company to access public markets and fuel further growth. Preparation is a key to success. Choosing the appropriate structure for an IPO can provide substantial benefits. This article shares some tips to maximize the chances of success.

Vietnam: Retrenchment Due to Changes in Structure, Technology – Potential Legal Risks to Consider

In this article, we intend to discuss difficulties potentially resulting in the potential legal risks regarding retrenchment and termination, particularly concerning the termination of labour contracts with affected employees due to changes in structure and/or technology.

Vietnam: The extensive use of PPP in Ho Chi Minh City infrastructure development!

Ho Chi Minh City, Vietnam's economic powerhouse, is charting a new course for infrastructural development through the extensive use of Public-Private Partnerships (PPPs). This decisive shift toward PPPs is underpinned by Resolution 98, a ground-breaking policy experiment providing HCMC with unprecedented authority to design and implement PPP projects.