Know how

Vietnam: Some notable changes in the new Law on Land

Following the passing of the Law on Real Estate Business 2023 (please refer to our previous NewsBrief for updates on this law), the National Assembly also passed the Law on Land No. 31/2024/QH15 (“LOL 2024”), which will become effective on 1 January 2025 and replace the current one.

Vietnam: Top 10 Considerations for Mergers and Acquisitions in the Renewable Energy Sector in Vietnam

In this article, we share the top 10 considerations for M&A in the renewable energy sector in Vietnam, covering topics such as legal and regulatory framework, investment incentives, transaction structure, local partner, timing, debt, permits and approvals, due diligence, and more.

Vietnam: The Impact Of Precedent No. 69/2023/Al On Non-Compete Agreements In Labour Relations

On 01 October 2023, the Supreme People’s Court issued Decision No. 364/QD-CA to announce 07 new precedents, including Precedent No. 69/2023/AL on the jurisdiction of Commercial Arbitration in resolving confidentiality and non-compete agreement disputes.

Lao: Guidance on VAT Obligations for Digital Goods and Services, Digital Platforms, and E-commerce has been Published

On 14th February 2024, the Ministry of Finance released a new instruction dealing with the VAT obligations for foreign suppliers of digital goods and services, digital platforms, and e-commerce to users in Laos. The new rules will apply to transactions starting from 1st August 2024; with registration open on 1st March 2024.

Myanmar: MIC Trial Period Extension: Data Re-Entry & Foreign Expert Appointments

Vietnam: Implementation of IFRS - March 2024

On March 16th 2020, the Ministry of Finance signed Decision 345/QD-BTC approving " The project on application of financial reporting standards in Vietnam" with a number of contents related to the implementation of IFRS.

Vietnam Tax & Labour Compliance Calendar 2024

For businesses, we understand you need to stay ahead of important corporate taxes and other compliance dates or risk paying late fees. With the hope to help enterprises adhere to any important deadlines of 2024, we are delighted to offer this “Compliance Calendar 2024” in English and Vietnamese.

Mazars Vietnam Newsletter - March 2024

In this newsletter: 1) CIT incentives implications for pending projects, 2) VAT refunds for export contracts, 3) Invoices for export processing enterprises, 4) The handling of erroneously cancelled output invoices, 5) PIT obligations for gifts to employees, 6) PIT implications regarding welfare expense for employees, and more.

Vietnam: Technical Update On The New Land Law

In this article we examine the 7 important changes brought about by the new Land Law, including a commentary and our views as to the potential impact that this may have on the real estate market and sector.

Vietnam Progresses with Personal Data Protection Law

The Ministry of Public Security in Vietnam is spearheading the creation of a new Personal Data Protection Law to tackle crucial shortcomings in the country's data protection practices. Two new reports highlight the critical need for a comprehensive legal framework that enshrines the protection of personal data.

Vietnam: PIT treatment for compulsory insurances contributed overseas

On 29 December 2023, the GDT issued an official letter regarding payment of an expatriate in Vietnam under an intra-corporation transfer scheme, receiving income paid by both Vietnam and overseas entities and where the overseas income will be subsequently reimbursed by the Vietnam entity in full.

Malaysia: Companies (Amendment) Act 2024

The Companies (Amendment) Act 2024 was passed with the aim of enhancing the current provisions within the Companies Act 2016 relating to the corporate governance framework and corporate rescue mechanisms, and introduces new provisions addressing the disclosure of information on beneficial ownership.

Indonesia: New Presidential Regulation on Promoting Carbon Capture and Storage for Economic Growth and Acceleration of Net Zero Emission

Following several carbon regulations, the Government of Indonesia enacted new regulation for Carbon Capture and Storage activities by the issuance of Presidential Regulation No. 14 of 2024 concerning the Implementation of Carbon Capture and Storage Activities. This update discusses the key provisions.

Cambodia's New Article 6 Regulations - Opportunities in the Carbon Credit Market

On 14 December 2023, Cambodia enacted comprehensive regulations to implement Article 6 of the Paris climate action agreement within its borders. This client alert provides an overview of these regulations and their impact on project developers and credit buyers.

Vietnam: Draft Decree on the Regulatory Sandbox in the Banking Sector - Notable Considerations for Fintech Service Providers

On 4 March 2024, the Government of Vietnam published the draft Decree on the regulatory sandbox in the banking sector. The drafting of this decree started in 2021 and has undergone multiple revisions. The recent promulgation of the Law on Credit Institutions created a legal basis for this Draft Decree, as discussed below.

Vietnam: Refinancing in Vietnam at a Glance

In 2023, there were noticeable changes in the regulatory framework governing refinancing in Vietnam. This year, 2024, the State Bank of Vietnam is also expected to continue issuing amendments to Circular 39/2016/TT-NHNN regarding lending activities of credit institutions and branches of foreign banks.

DFDL Vietnam Legal Alert: Legal Update on the Hydrogen Energy Development Strategy of Vietnam

On 7 February 2024, the Prime Minister of Vietnam issued Decision No. 165/QD-TTg on approving Vietnam's Hydrogen energy development strategy until 2030, with a vision to 2050, with immediate effect. Decision 165 outlines key policies for the development of hydrogen energy, ensuring consistency with the National Energy Development Strategy and Decision No. 500/QD-TTG on approving the National Power Development Plan.

Malaysia: Relaxation of Regulatory and Operational Requirements for Labuan International Commodity Trading Companies and Labuan Digital Banks

The Labuan Financial Services Authority (“LFSA”) issued a circular on 22 November 2023, announcing an extension of regulatory reliefs for Labuan international commodity trading companies, Labuan digital banks, and Labuan protected cell companies until 31 December 2023.

Vietnam: The Ministry of Public Security proposes the development of a Law on Personal Data Protection

The Ministry of Public Security proposes the development of a Law on Personal Data Protection to meet the requirements of protecting personal data rights. This update reviews the intended provisions of the law.

Vietnam: Finalising the legal framework for virtual assets and virtual asset service providers by May 2025

The Government has just issued a National Action Plan with 17 specific actions to implement Vietnam’s commitments on anti-money laundering, combating terrorist financing, and financing of proliferation of weapons of mass destruction with the Financial Action Task Force (FATF).