On 30 November 2022, the Government issued Decree 99 on security interest registration (Decree 99/2022) to replace Decree 102/2017 (Decree 102/2017) on the same subject matter. Decree 99/2022 will take effect from 15 January 2023.
The answer is a qualified “yes”. It is possible to mortgage an investment project under Vietnamese law. This update discusses the reasons.
Recognition and permission for enforcement of foreign arbitral awards is one of the important issues in the institution of commercial arbitration. Accordingly, for the purpose of correctly and properly recognizing and permitting to enforce the foreign arbitral award, the first issue that needs to be considered is to determine whether an award is a foreign arbitral award.
Currently, movies based on novels, translations of books and stories are very popular. Pursuant to Vietnamese laws, such works are considered as derivative works. So what is a derivative work? How is copyright for derivative works protected? This article will provide some information on this topic.
According to Prakas No. 052, before applying for accreditation, a valuation company or valuation specialist in the real estate sector is required to obtain a valuation services license or a valuation professional certificate from the Real Estate Business and Pawnshop Regulator of the Non-Banking Financial Services Authority.
This update sets out provisions in the recent Amendment of the Civil and Commercial Code, including: The minimum number of shareholders, reduction of the validity period of Memorandums of Association from 10 years to 3 years, Imposition of a minimum number of proxy and/or shareholders, among other provisions.
The Royal Cambodia Government issued a press release dated 30 Jan 2023 on the Additional Measures to Mitigate the Economic Impact of Covid-19 and Support the Recovery of the Tourism Sector (“Press Release 01”).
The Ministry of Immigration and Population of the Republic of the Union of Myanmar has issued a notice that updates the application process to extend eBusiness Visas for foreigners working for companies or engaging in business in Myanmar.
Two updates: 1) The Ministry of Labour - Invalids and Social Affairs has promulgated circulars changing the formulas for paying social insurance premiums, and 2) New regulations on registration of security interests.
On December 31, 2022, the Ministry of Information and Communication issued Circular 25 stipulating the determination of imported raw materials, supplies and components exempt from import duty directly related to the production of information technology (IT) products, digital content and software.
On November 30, 2022, the Government issued Decree No. 99/2022/ND-CP on security registration (hereinafter referred to as “Decree 99/2022/ND-CP”).
The Royal Cambodia Government issued a press release on 30 Jan 2023 on the Additional Measures to Mitigate the Economic Impact of Covid-19 and Support the Recovery of the Tourism Sector. The Government will continue its relief measures to mitigate the economic impact of Covid-19 and support the tourism sector.
On June 16, 2022, the National Assembly passed the Law on Insurance Business. The expectation is that this Law will, in addition to ensuring the implementation of Vietnam's commitments in the WTO and signed trade agreements, create favourable conditions for foreign investors in the field of insurance business.
Instruction No. 2520 GDT on the Adjustment on the Implementation of Value Added Tax on E-Commerce Transactions (Instruction 2520) was issued by the General Department of Taxation (GDT) on the 24th of January 2023.
The National Assembly has approved the policy of reducing 2% of VAT in 2022 for goods and services currently subject to 10% VAT, except for specific goods and services including : telecommunications, financial activities, banking activities, securities, insurance, real estate, and metal and mining products, among others. This means that the VAT rate for the above goods and services is only 8%.
This FAQ on Injunctions for Dispute Resolution was designed to address the current global situation, notably for economies facing distress and possible downturn in the aftermath of the Covid-19 pandemic and those impacted by political instability by the conflict in Ukraine. The first of these FAQ editions covers Lao PDR, Myanmar, Thailand and Vietnam.
This FAQ on Injunctions for Dispute Resolution was designed to address the current global situation, notably for economies facing distress and possible downturn in the aftermath of the Covid-19 pandemic and those impacted by political instability by the conflict in Ukraine. The first of these FAQ editions covers Lao PDR, Myanmar, Thailand and Vietnam.
The Advance Tax on Dividend Distribution (ATDD) is a mechanism under which Tax on Income (TOI) is calculated at the time when a Cambodian enterprise distributes pre-taxed earnings.
This FAQ on Injunctions for Dispute Resolution was designed to address the current global situation, notably for economies facing distress and possible downturn in the aftermath of the Covid-19 pandemic and those impacted by political instability by the conflict in Ukraine. The first of these FAQ editions covers Lao PDR, Myanmar, Thailand and Vietnam.
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
All resources are linked to related content with each link manually selected by our editorial staff.
In addition, all content can be found using our advanced search engine, to improve the speed and effectiveness of your research.
We work with many local and international firms on an ongoing basis to develop and maintain the service.