Updates
Vietnam: Decree 35/2023/ND-CP: Transforming the Construction, Architecture, and Real Estate Sectors in Vietnam
- LNT & Partners
Vietnam's construction, architecture, and real estate sectors are poised for transformation with the implementation of Decree 35/2023/ND-CP dated 20/6/2023. In this article, we delve into the key provisions of Decree 35 and their implications for the development of the construction, architecture, and real estate sectors in Vietnam.
Vietnam: Grant Thornton Tax Newsletter - October 2023
- Grant Thornton Vietnam
In this newsletter, Grant Thornton Vietnam would like to update readers on the relevant legal policies and guidelines in the field of Social Insurance and Labor, Invoices, Land rental fee, Taxes, and Cyber Security recently issued.
Vietnam: Difficulties In Dealing with the Administrative Procedures under Personal Data Protection Decree
- Venture North Law Firm
Decree 13/2023 on Personal Data Protection (PDPD) has resulted in questions among legal professionals in Vietnam as well as the cold hard realities of the difficulties in fulfilling even the basic administrative procedures under PDPD. This update discusses these difficulties.
Vietnam: Re-Authorisation Of Signing Authority By Legal Representative
- Venture North Law Firm
This update discusses the issues on whether the legal representative can re-authorise his/her signing authority to another person to sign an agreement approved by the Board if he/she is authorised by the Board to sign this agreement.
Vietnam: No clear legal basis for controlling annual credit growth by Vietnamese credit institutions
- Venture North Law Firm
In practice, annually, the State Bank of Vietnam allocates annual credit growth limits to each credit institution including the finance company. In September 2022, it was reported that the SBV should use its ranking system to decide to allocate credit growth limits to each credit institution.
Vietnam: KPMG Technical Update - November 2023
- KPMG Law Limited
In this update: Circular No. 16/2023/TT-BYT on marketing authorization registration of drugs, Decree No. 65/2023/ND-CP of the Government on measures to enforce Law on Intellectual Property regarding industrial property, and Official Letter No. 4040/TCHQ-GSQL on the conditions for inspection and supervision of the export processing enterprise.
Vietnam cross-border lending guide
- Allens Vietnam
The legal landscape on cross-border lending has recently undergone significant changes. We also address recurrent challenges encountered by foreign lenders and domestic borrowers in their transactions.
Vietnam: Data Center and Cloud Computing Services in Vietnam – Navigating the Current and Future Regulations (Part 1)
- KPMG Law Limited
While Vietnam's Data Centre and Cloud Computing Services are experiencing strong growth, the lack of a solid legal framework in this area has caused difficulties for investors in their market entry and operations. The government's legislative efforts will be discussed in this article.
Vietnam: Recognition And Enforcement Of Awards Of Foreign Arbitrators In Vietnam – In Practice
- Dentons Luat Viet
In foreign arbitration, the party winning the case may not be the eventual winner. This paradox comes from the requirement that any award of foreign arbitrators must go through the procedure of recognition and enforcement at a competent Vietnamese Court before it can be executed in Vietnam, as discussed in this update.
Vietnam: Transfer of Capital in Foreign Invested Enterprises
- ADK Lawyers
The transfer of capital in an FIE arises when an investor whose name is on the contributed capital of the enterprise demands to transfer part or all of their contributed capital to another investor. This transfer will lead to a change in the name of the person named or in the percentage of contributed capital in the enterprise, or both of the above.
Vietnam: Decree 35 - Transforming the Construction, Architecture, and Real Estate Sectors in Vietnam
- LNT & Partners
This Decree introduces a series of comprehensive changes aimed at streamlining administrative procedures, embracing technology, and enhancing efficiency in these vital industries. In this article, we delve into the key provisions of Decree 35 and their implications for the construction, architecture, and real estate sectors.
Vietnam: Updates on Land Subdivision Projects
- LNT & Partners
Decree 35 issued by the Government now provides various amendment to regulations in the field of construction, planning, housing and urban management, in which local governmental authorities are entitled to approve land subdivision projects.
Vietnam: Notes on the Sale and Purchase of Ships Not Using State Capital to Foreign Organisation and Individuals
- ADK Lawyers
The sale and purchase of ship is a specific investment activity. Processes and procedures for the sale and purchase of ships shall comply with the provisions of Decree 171/2016/ND-CP on the registration, deregistration, purchase, sale and building of ships and other relevant provisions of the laws.
Vietnam: Navigating Vietnam’s Personal Data Protection Decree:Five Frequently Asked Questions
- DFDL Vietnam
Vietnam’s first-ever comprehensive legal framework dedicated to personal data protection introduces new rules that capture a wide range of entities. The new rules – Decree No. 13/2023/ND-CP and referred to as the Personal Data Protection Decree (or PDPD) – were issued on 17 April 2023 and took effect from 1 July 2023.
Vietnam: Decision 25/2023 on reduction of land rent in 2023
- PwC Legal Vietnam
On 03 October 2023, the Prime Minister issued Decision No. 25/2023/QĐ-TTg on reducing land rent by 30% in 2023. This decision will take effect from 20 November 2023.
Vietnam: Get Ready for Pillar 2 – The Vietnamese government’s actions to mitigate the impact on the economy.
- Grant Thornton Vietnam
OECD Pillar 2 is one of the two pillars of a comprehensive solution to address the tax challenges arising from the digitalization of the economy. Pillar 2 (Global Minimum Tax) has introduced a minimum threshold at a corporate tax rate of 15 percent for large multinational enterprises with global revenue over 750 million EUR.
Vietnam: Work permit requirement updates| October 2023
- EY Vietnam
Effective 18 September 2023, Vietnam implemented a new law, Decree 70/2023/ND-CP, that amends the regulations governing foreign employees.
Vietnam: Legal issues when setting up a cafe in Vietnam
- Apolat Legal
Apolat Legal will highlight some of the legal issues related to setting up a small cafe including enterprise registration, food safety eligibility certificate, fire prevention and certificate, parking and intellectual property registration.
Vietnam: Conditions for insurance brokerage of foreign investors in Vietnam
- Apolat Legal
This legal update on insurance brokerages in Vietnam covers opportunities and foreign investment for insurance brokerages.
Vietnam: Decree No. 70/2023/ND-CP amending Decree No. 152/2020/ND-CP on foreign workers working in Vietnam
- Apolat Legal
On September 18th, 2023, the Government issued Decree No. 70/2023/ND-CP on amendents to the Decree No. 152/2020/ND-CP on foreign workers working in Vietnam, and recruitment and management of Vietnamese workers working for foreign employers in Vietnam.
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