vietnam

Vietnam: Analysis of the Feasibility of Implementing Article 31 of the Law on the Capital to Develop Real Estate Related to Urban Railways

Article 31 of the Law on the Capital stipulates the planning and development of urban transportation infrastructure, emphasizing the crucial role of the urban railway system in forming synchronized development areas. The goal is to develop Hanoi in a modern, sustainable direction with the capability of connecting different areas within the city conveniently and efficiently.

Vietnam: Transfer Of Real Estate Project

Started from 1st August 2024, a transfer of a real estate project is governed by the LoERB 2023 and its guidelines. The new legal framework establishes a legal process applicable to a transfer of partial or an entire real estate project from a developer to another developer. The legal update summarizes few key points of the said legal frameworks which developers should be aware of when engaging in project transfers under the updated legal framework.

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.

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.

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.

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.

Vietnam: Detailed regulations on the Law on Real Estate Business 2023 and the Land Law 2024

This August newsletter covers the Law on Social Insurance, Law on Real Estate Business and Law on Land.

Vietnam: Amended Social Insurance Law No. 41/2024/QH15 issued on June 29, 2024

In this newsletter: 1. Amended Social Insurance Law No. 41/2024/QH15, 2. Circular No. 3305/VBHN-BLĐTBXH on the implementation of certain provisions of the Employment Law on Unemployment Insurance, 3. Circular No. 46/2024/TT-BTC Re Provisions on Electronic Transactions in the Tax Sector

Vietnam: “Unravelling” the problem with consularization of foreign documents

In 2023 alone, the Hanoi People’s Court issued two decisions on annulment of arbitral awards with their conflicting opinions on the mandate over consularizion of foreign documents in arbitration proceedings.

Vietnam's Draft Data Law

This article provides an overview of the Draft Law's key provisions and their potential implications for businesses and individuals. Unlike personal data legislation, this Draft Law's broad coverage encompasses not only personal data but also other organizational and business data.

Vietnam: Decree 80/2024/ ND-CP regulates the direct power purchase mechanism between a renewable energy generation unit and large electricity customers

Decree No. 80/2024/ ND-CP regulates the direct power purchase mechanism between renewable energy generation unit (“REGU”) and large electricity customers (“Decree 80/2024”) on July 3, 2024 and takes effect immediately from the date of promulgation. Investment in renewable energy in Vietnam will now be clearer.

Vietnam: What you need to know when transferring trademarks in China

A common issue arises when the transferor has changed its name but has not completed the procedure to update the owner’s information on the Trademark Registration Certificate, resulting in the transfer application being rejected. In such cases, the transferor must update the new name on the Trademark Registration Certificate before proceeding with the trademark transfer.