Login or Register to Legal Centrix Here
 Login  Sign Up

Updates

Vietnam: New Law on Telecommunications
  • KPMG Law Limited
February 21 2024

On November 24th, 2023, Vietnam's National Assembly enacted the new Law on Telecommunications (Law No. 24/2023/QH15), replacing the outdated 2009 law. This updated framework aims to align with the evolving digital economy, impacting data centers, cloud computing, OTT communication services, telecoms wholesale, among others.


Vietnam: Unveiling Vietnam’s Latest Real Estate Business Law: Key Regulations, Changes, and Implications
  • Indochine Counsel
February 21 2024

The new Law on Real Estate Business is expected to address the shortcomings of the existing Law on Real Estate Business of 2014 and ensure alignment with the other relevant laws, such as the new Housing Law, the new Land Law, and the 2020 Investment Law. This article briefly summarizes some of the most worth mentioning new regulations and changes.


Vietnam: Officially impose global minimum tax from fiscal year 2024
  • Apolat Legal
February 21 2024

Global minimum tax issues: Official imposition of the global minimum tax from fiscal year 2024, Regulations on declaring, paying and managing taxes, update regarding the liability reduction during the transition period for fiscal years.


Vietnam: Amending regulations on awarding shares in indirect foreign portfolio investment activities
  • Apolat Legal
February 21 2024

In this update: 1) The definition ‘’Organization executing the program that awards shares issued in foreign nation’’ is amended in Article 3, Circular 10/2016/TT-NHNN, 2) Circular 10/2016/TT-NHNN supplementing regulations on implementation principles related to the purpose of the share awarding program.


Vietnam: The draft regulations require digital platforms to register form contracts
  • Apolat Legal
February 21 2024

The Ministry of Planning and Investment is publishing a draft Decree regulating the conversion of state-owned companies established and operating under the Law on State Enterprises into single-member limited liability companies organized and operated in accordance with the Law on Enterprises.


Vietnam: Legal Framework for PPP Contracts
  • LNT & Partners
February 17 2024

The number of public-private partnership (PPP) projects in Vietnam remains relatively low, including those related to solid waste management. To address this challenge, the National Assembly of Vietnam passed the Law on Public-Private Partnership Investment on 18 June 2020, commonly referred to as the "Law on PPP".


Vietnam’s Amended Credit Institutions Law 2024: Enhancing Transparency and Stability
  • Indochine Counsel
February 15 2024

The draft to amend the 2010 Law on Credit Institutions has undergone multiple versions, featuring crucial amendments and supplements. The amended Law as approved is expected to have a major impact on the operations of credit institutions in Vietnam. This article discusses the changes.


Vietnam: Recent Amendments to the Credit Institutions Law in Vietnam - Key Updates and Legal Implications
  • DFDL Vietnam
February 08 2024

The amended Law on Credit Institutions 2024 was approved by Vietnam’s National Assembly on 18 January 2024 and is effective from 1 July 2024. This article highlights the following key provisions of the Amended Law on Credit Institutions.


Vietnam: 7 important changes brought about by the new Land Law,
  • KPMG Law Limited
February 08 2024

The new Land Law was passed by the National Assembly on 18 January 2024 and is set to take effect on 1 January 2025. In this article, KPMG examines the 7 important changes brought about by the new Land Law, and a brief commentary as to potential impact that these changes may bring about.


Vietnam: Key Features of the Amended Law on Housing
  • KPMG Law Limited
February 07 2024

This technical update covers highlights of the Law on Housing amended and passed on 27 November 2023. The Law on Housing was promulgated to resolve legal difficulties, increase integrity of related legislation and facilitate a stable legal environment for real estate businesses.


Vietnam: GMS Alert on PIT Issues
  • KPMG Vietnam
February 07 2024

In this update: 1) Intensified focus on PIT compliance issues during tax audits, 2) Deductibility of overseas compulsory social insurance for PIT calculation


Vietnam: Consequences Of Breaches Of Representations And Warranties Under Vietnamese Law
  • Venture North Law Firm
February 06 2024

Representations and warranties should constitute obligations of the person giving it under Vietnamese law, implying an obligation on the person providing them to guarantee that the stated facts and matters are true. In this update, we look at the consequences of breaches of representations and warranties under Vietnamese law.


Vietnam: Status Of Partially Secured Creditors Under Law On Bankruptcy 2014
  • Venture North Law Firm
February 06 2024

Under the Law on Bankruptcy 2014, creditors of a bankrupt enterprise include unsecured creditors, partially secured creditors and secured creditors. While it is not entirely clear, it appears that partially secured creditors are considered as a separate class of creditors and have their own rights during a proceeding.


Vietnam: Shareholder Rights During The First 90 Days Of Incorporation Of A Joint Stock Company
  • Venture North Law Firm
February 06 2024

Under the Enterprise Law 2020, it is reasonable to consider that during the Capital Contribution Period, the founding shareholders who have not paid for the Subscription Shares in full would have all the shareholders rights including rights to transfer the Shares which have not been paid up. However, the drafting of the Enterprise Law 2020 could give rise to the position that during the Capital Contribution Period shareholder rights, the founding shareholders have only the voting right.


Vietnam: Validity of Board Resignations in Vietnamese Joint Stock Companies
  • Venture North Law Firm
February 06 2024

From January 2021, under the Enterprise Law 2020, if a member of the board of directors hands in his/her letter of resignation to resign as a Board member in a joint stock company, he/she may not cease to be a Board Member until approved so by the General Meeting of Shareholders. This update discusses this issue.


Vietnam adopts more stringent rules on ownership in banks and their operations
  • Allens Vietnam
February 03 2024

The newly passed Law on Credit Institutions 2024 will lower the ownership limits in Vietnamese credit institutions to address the cross-ownership issues. It will also impose stricter ownership disclosure requirements to increase market transparency. In this article, we highlight the key changes (under the latest draft of the new law) and its impact on investors and the operations of Vietnamese credit institutions.


Vietnam: Recent Amendments to the Credit Institutions Decree in Vietnam - Key Updates and Legal Implications
  • DFDL Vietnam
February 03 2024

The amended Law on Credit Institutions 2024 was approved by Vietnam’s National Assembly on 18 January 2024 (the "Amended Law on Credit Institutions") and is effective from 1 July 2024. In this article, we highlight the following key provisions of the Amended Law.


Vietnam New Telecom Law 2023: Moving Forward for Digital Transformation
  • Indochine Counsel
February 01 2024

On 24 November 2023, the National Assembly passed the Law on Telecommunications No. 24/2023/QH15. This article will discuss some worth-noting new points introduced.


Principles on Processing of Personal Data under the new Decree 13/2023/ND-CP
  • ADK Lawyers
January 28 2024

On 17 April 2023 the Government promulgated the First-ever Decree (No. 13/2023/ND-CP) on Personal Data Protection. As the PDPD encompasses the requirements applicable to businesses involving in the personal data processing activities, we shall take a closer look at its key implications for this particular subject.


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

Related Content

All resources are linked to related content with each link manually selected by our editorial staff.

Advanced Search Engine

In addition, all content can be found using our advanced search engine, to improve the speed and effectiveness of your research.

Contributing Firms

We work with many local and international firms on an ongoing basis to develop and maintain the service.

Cookies On
Our Website
We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please click here to view our cookie policy. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy.