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Vietnam: Breaking News - Vietnam Unveils Draft Personal Data Protection Law

Amid on-going discussion on Decree No. 13/2023/ND-CP on Personal Data Protection which has been in effect over a year, the Ministry of Public Security recently released a draft Law on Personal Data Protection on 24 September 2024 for public consultation.

Vietnam: Open API Draft Circular Released by State Bank of Vietnam

To complete the legal framework for Open API, on 23 July 2024, the State Bank of Vietnam (“SBV”) published the draft circular regulating the implementation of Open API in the banking industry.

Vietnam: Bidding to select investors to implement land use projects - Decree 115/2024/ND-CP

On September 16, 2024, the Government issued Decree 115/2024/ND-CP detailing a number of articles and measures to implement the Law on Bidding on selecting investors to implement land using projects

Protecting Children's Personal Data In Cyberspace: Common Issues In The EU’S and Vietnam's Approaches

This article will highlight the common issues that the EU and Vietnam encounter when the regulations are implemented in practice, namely issues of ambiguous privacy policies, and age and parental consent verification. The paper is structured as follows: Section 2 reviews the regulations of the EU and Vietnam respectively, Section 3 analyses the common issues in both jurisdictions’ approaches, then Section 4 concludes.

Vietnam: Highlights on Investment Climate in Vietnam

This presentation summary provides an overview of key considerations regarding investment into Vietnam including the labour market, infrastructure, access to finance, and investment incentives.

Cambodia: Increase in Minimum Wage for 2025 for the Garments, Textiles, Footwear, Travel Products and Bags Sectors

On 20 September 2024, the Ministry of Labour and Vocational Training issued Prakas 211/24 on the Determination of Minimum Wage for Workers in the Garment, Textile, Footwear, Travel Product and Bag Sectors, to set a new minimum wage for 2025, which will be effective from 1 January 2025.

Cambodia: Rules Pertaining to E-Commerce Clarified for Banks

Letter No 29613 issued by the General Department of Taxation in August 2024 to the Associations of Banks and Microfinance in Cambodia clarifying the application of the E-Commerce reverse charge obligation has finally put to rest what has been a long-standing contested issue between the private sector and the tax authority.

Vietnam: Potential Upgrade of Legal Framework on Personal Data Protection

After much speculation and planning by the Government, the Draft Law on Personal Data Protection in Vietnam was officially published for public consultation on 24 September 2024.

Malaysia: Launch of the Forest City Special Financial Zone and Securities Commission FAQs on Family Office

The recent launch of the Forest City Special Financial Zone in Iskandar Puteri, Johor, marks a pivotal moment for Malaysia’s economic landscape.

Vietnam: Amendment of Law on Electricity

On 13 September 2024, the Ministry of Industry and Trade held a meeting to discuss the latest draft amendment of the Law on Electricity No. 28/2004/QH11, amended in 2012 and 2022, introducing significant changes to the regulation of Vietnam’s electricity sector.

Myanmar Tax Alert: IRD Introduces Tax Payment Portal Hub for E-payments

Cambodia: New Regulation on Tourism related Penalties

On 29 August 2024, the Ministry of Tourism and the Ministry of Economy and Finance issued a Joint Prakas 537 on the Penalties under the Authorities of the Ministry of Tourism setting out a list of penalties in relation to violation of the Law on Tourism and related tourism regulations that are under the authorities of the MOT.

Vietnam: GV Lawyers Newsletter - Exploitation and use of information and data in the National Database on construction activities

In this newsletter: 1, New regulations on construction works and projects on rice-growing land, 2. Regulations on exploitation and use of information and data in the National Database on construction activities, and 3. Investment rate – a selective threshold or investment barrier?

Vietnam: New Land and Housing Regulations Officially Take Effect

On 29 June 2024, the National Assembly passed three (03) amended laws related to the real estate market, specifically: (i) the Land Law 2024, (ii) the Law on Housing 2023, and (iii) the Law on Real Estate Business 2023. Accordingly, these new legal documents are bringing positive signals, fostering the development of the real estate market, and building confidence among investors in Vietnam.

Vietnam: The Supreme Procuracy’s Clarification On Various Legal Issues In Vietnam

On 26 March 2024, the Supreme People’s Procuracy of Vietnam (the Supreme Procuracy) issued Official Letter no. 1083/VKSTC-V9 (the Official Letter) to respond to inquiries from local procuracies regarding supervision in legal proceedings regarding civil, marriage and family matters.

Vietnam: New Financing Regime For A Commercial Housing Project in Vietnam

Vietnam: New Law on Credit Institutions 2024 (Part 2)

This post continues discussing some additional changes of the LCI 2024. For changes discussed in our Part 1, please see here.

Singapore: The 7th Edition of the Singapore Transfer Pricing Guidelines

On 10 June 2024, the Singapore Income Tax (Transfer Pricing Documentation) (Amendment) Rules 2024 became effective. Four days later, on June 14, 2024, the Inland Revenue Authority of Singapore (IRAS) issued the 7th edition of the Singapore Transfer Pricing Guidelines.

Myanmar: New Regulations on Establishing Collective Management Organizations

Recent developments in the Copyright Law have introduced new Regulations on the Establishment of Collective Management Organizations (“CMOs”) on Copyrights or Related Rights, effective as of 6 August 2024. These Regulations provide a comprehensive framework for the registration of CMOs.

Malaysia: Licensing and Regulatory Framework for Digital Insurers and Takaful Operators

On 9 July 2024, Bank Negara Malaysia (“BNM”) issued the Policy Document on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (“DITOs”) (“Policy Document”).