vietnam

Vietnam: Over 600 drugs and 4 medical devices are eligible for price negotiation under Circular 05

As of May 14, 2024, the Ministry of Health has implemented Circular 05/2024/TT-BYT outlining the catalog of drugs, medical tools, and testing equipment acquired through price negotiation. This follows the enactment of the 2023 Law on Tendering, effective since January 2024.

Vietnam’s PDP8 Implementation Plan

On 1 April 2024, the Prime Minister of Vietnam issued Decision No. 262/QD-TTg on approving the plan to implement the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050, with immediate effect.

Vietnam: Twin Transition in Vietnam's Financial Sector - Green and Digital Transitions

Vietnam's financial institutions are increasingly feeling the impact of environmental, social, and governance (ESG) factors on their risk assessment, capital allocation, and governance structures. This update discusses the policies steps that could be taken.

Vietnam: Update on the implementation of the Law on electronic transactions regarding digital signatures

In this update: Decree No. 48/2024/ND-CP issued by the Government on amending and supplementing certain provisions of Decree No. 130/2018/ND-CP dated 27 September 2018 detailing the implementation of the Law on electronic transactions regarding digital signatures and digital signature authentication services.

Transfer of Wind Power Projects To Foreign Businesses

The phenomenon of Vietnamese enterprises massively applying for wind power investment projects and then selling them back to foreign enterprises to make a profit has been warned before, but now the project transfer market is even more bustling.

Procedures for Operation Registration of Rooftop Solar Power System

According to regulations, a newly established enterprise must have business lines that are suitable for the operation of the rooftop solar power system and must be registered with the Business Registration Division of the Department of Planning and Investment in the locality.

Vietnam’s PDP8 Implementation Plan

On 1 April 2024, the Prime Minister of Vietnam (the "PM") issued Decision No. 262/QD-TTg on approving the plan to implement the National Power Development Plan for the period of 2021 – 2030, with a vision to 2050 (“Decision 262”), with immediate effect.

Doing Business in Renewable Energy in Vietnam

Vietnam: IPO Restructuring Insights

An IPO represents the pinnacle of achievement, enabling a company to access public markets and fuel further growth. Preparation is a key to success. Choosing the appropriate structure for an IPO can provide substantial benefits. This article shares some tips to maximize the chances of success.

Vietnam: Retrenchment Due to Changes in Structure, Technology – Potential Legal Risks to Consider

In this article, we intend to discuss difficulties potentially resulting in the potential legal risks regarding retrenchment and termination, particularly concerning the termination of labour contracts with affected employees due to changes in structure and/or technology.

Vietnam: The extensive use of PPP in Ho Chi Minh City infrastructure development!

Ho Chi Minh City, Vietnam's economic powerhouse, is charting a new course for infrastructural development through the extensive use of Public-Private Partnerships (PPPs). This decisive shift toward PPPs is underpinned by Resolution 98, a ground-breaking policy experiment providing HCMC with unprecedented authority to design and implement PPP projects.

Vietnam’s Potential for Sustainable Development and Investment: Green & Blue Bonds

This whitepaper navigates the Global Green Bond Market, exploring opportunities to close the gap, challenges, and solutions for a green bond market in Vietnam.

The New Land Law 2024 – Notable Amendments To Legal Regulations On Industrial Zone Land In Vietnam

In this post, we highlight some key changes to regulations on industrial zone land under the new Land Law 2024.

Vietnam: Authorisation In Opening And Using Bank Account Of Representative Office

While it is common in practice for the Chief Representative of a Representative Office (RO) to act on behalf of the RO in opening and using the RO's bank account, there are instances where the parent company may wish to authorize another person (Authorized Person) to handle these matters.

Vietnam: Sale And Sub-Lease Of Annual Rental “Lease Rights” Under The Land Law 2024 In Vietnam

The Land Law 2024 introduces major amendments to the land use regime in Vietnam. One amendment is the ability of a land user who leases land from the Government with annual rental payments can now sub-lease or, subject to certain conditions, sell the land (via a sub-lease or sale of the lease rights) together with the assets attached to such land to another person.

Vietnam: Mechanism for Calculation of Electricity Generation Price Bracket for Post-FiT Solar/Wind Power Plants

After the expiration of the preferential Feed-in Tariff (FiT) policy for solar and wind power projects in Vietnam, the energy selling price of solar and wind power plants in Vietnam will now be up to the parties’ negotiation in a power purchase agreement (PPA) but must be within the electricity generation price (EGP) bracket approved by the competent authorities.

Vietnam: The extensive use of PPP in Ho Chi Minh City infrastructure development!

Ho Chi Minh City (HCMC), Vietnam's economic powerhouse, is charting a new course for infrastructural development through the extensive use of Public-Private Partnerships (PPPs). A recently approved landmark list of 41 projects underscores the city's ambition to leverage private sector expertise and funding for vital public works.

Vietnam: Is it difficult to enforce a civil judgment in Vietnam?

After the Court issues a judgment or decision to resolve a case, the next step that the winning party is interested in is how the legally effective judgment will be enforced. This article examines the specific steps a judgment creditor needs to know from when requesting judgment enforcement until the judgment enforcement is completed according to Vietnam’s civil procedural law.

Vietnam: Protecting computer software under patent law: Is it easy?

Many Vietnamese businesses are still wrestling with the question of whether to protect computer programs’ intellectual property rights (IP) as copyright or patent. This decision could lead to completely different ways of commercializing, enforcing and protecting intellectual property rights associated with computer programs.

New guidelines on protection for AI-assisted patent in US

Determining the authorship of inventions (inventors) created with AI assistance has been a contentious issue in recent years. However, light is gradually emerging, though it is clear that this is not yet the end of the tunnel. In the case of Thaler v. Vidal, 43 F.4th 1207 (Fed. Cir. 2022), the Federal Circuit upheld the decisions made by the USPTO to reject two petitions seeking to designate an AI system as an inventor.