vietnam

Vietnam: Eliminating regulations on calculating the rate of localization of car

The Ministry of Science and Technology just issued Circular 11/2022/TT-BKHCN removing legal documents promulgated by the Minister of Science and Technology on the method of determining the localization rate of cars.

Vietnam: Introducing new regulations on self-certification of origin of goods

The Ministry of Industry and Trade is publishing the draft Decree amending and supplementing a number of articles of Decree No. 31/2018/ND-CP dated March 8th, 2018 on the origin of goods for public comments.

Vietnam: New regulations on foreign exchange management for international bond issuance

The State Bank of Vietnam (SBV) has issued Circular 10/2022/TT-NHNN guiding the management of foreign exchange for the issuance of bonds to the international market that are not guaranteed by the Government.

Proposing pilot procedures for changing forest use purposes to other purposes in Khanh Hoa.

The Ministry of Agriculture and Rural Development is drafting the Prime Minister’s Decision on pilot regulations on procedures for deciding the policy of changing forest use purposes to other purposes under the Prime Minister’s competence authorizing the People’s Council of Khanh Hoa province in Resolution No. 55/2022/QH15.

Vietnam's New Law On Insurance Business

The Vietnam National Assembly has recently promulgated the new Law on Insurance Business No. 08/2022/QH15, which will go into effect on 01 January 2023 with the exception of some requirements that have a transition period.

Legislating the Metaverse in ASEAN

This article examines the growth of the metaverse in ASEAN and the road towards creating regulation and dispute resolution procedures compatible with the new technologies extant in the projected digital world.

Providing details and guidelines for some articles of the Law on Value-Added Tax

The Government issued Decree No. 49/2022/ND-CP dated 29 July 2022 to amend and supplement the regulations on details and guidelines of the Law on Value-Added Tax. This Decree takes effect on 12 September 2022.

Providing details for some articles of the Cybersecurity Law

The Government issued Decree No. 53/2022/ND-CP to detail some articles of the Cybersecurity Law 2018 dated 15 August 2022. This Decree takes effect on 01 October 2022.

Vietnam Weekly Update - 17 August 2022

Cập Nhật Hàng Tuần Việt Nam - 17 Thang 08 2022

In this week's update: 1) Publication of the list of periodical reports in the tax field under the management of the Ministry of Finance, 2) Regulations on housing, real estate business, and urban planning.

ADK Vietnam Legal Newsletter August 2022

In this newsletter: 1. New regulations on VAT refund for investment projects, and 2. Officially reduce 10% of preferential import tax on gasoline products

Management of foreign exchange for the issuance of bonds to the international market of enterprises that are not guaranteed by the Government

The Governor of the State Bank of Vietnam issued Circular No. 10/2022/TT-NHNN on foreign exchange management for the issuance of bonds to the international market by enterprises not guaranteed by the Government dated 29 July 2022. This Circular takes effect on 15 September 2022.

PDP VIII Updates, Developments on Solar and Wind Tariff Mechanism, and Police Investigation

DFDL Vietnam would like to share with you the most recent updates regarding the draft Power Development Plan (“PDP”) VIII, a mechanism for wind, solar power projects in transition and future, and the police investigation into 62 wind power projects.

Vietnam: Circular on the Rules of Origin under the ASEAN Trade in Goods Agreement

In this newsletter: 1) Circular on the Rules of Origin under the ASEAN Trade in Goods Agreement, 2) Circular 31/2022/TT-BCT promulgating of Vietnam's Nomenclature of Exports and Imports, and 3) Official Letter 2054/TCHQ-GSQL on usage of e-invoices for export goods

Customs and Global Trade Update | August 2022

In this update: 1) 2022 Nomenclature of exports and imports in Vietnam, 2) List of products under the management of the Ministry of Transport, 3) Quotas for textiles and garments exported to Mexico in 2022 under the CPTPP, and 4) Anti-dumping duty imposed on plastic products from Malaysia, Thailand and China.

Vietnam Updates from ADK - Vol 47, August 2022: New regulations on VAT refund for investment projects

In this update: 1) New regulations on VAT refund for investment projects, and 2) Officially reduce 10% of preferential import tax on gasoline products

Injection of increased capital into DICA of foreign invested companies in Vietnam after expiry of contribution time limit

This article will discuss whether the Investors can inject the increased charter capital (Increased Capital) into the DICA if the time limit for making the capital contribution under the IRC already expired.

Legal Framework On E-Learning Businesses In Vietnam

The recent years have witnessed a rapid growth of the e-learning market in Vietnam, especially since the Covid-19 outbreak. Despite that, a clear legal framework for e-learning business under Vietnamese laws is still unavailable. This post will discuss some legal issues concerning the provision of e-learning services.

GSM’s delegation to the Board under Vietnamese law

Under the law of Vietnam, it is unclear whether the General Shareholder’s Meeting (GSM) of a joint stock company (JSC) is allowed to authorise (or delegate) its power to the Board or to what extent can the GSM delegate its power to the Board, if the former is possible.

Stricter conditions for foreign borrowings by Vietnamese entities under draft circular

The State Bank of Vietnam is drafting a circular (Draft) to replace Circular 12 (2014) on conditions for enterprises to borrow foreign loans not guaranteed by the Government. The Draft has some remarkable changes to the conditions of foreign borrowings by Vietnamese companies and credit institutions, and generally will tighten such conditions.

Some thoughts on data localization

Vietnam has rigid requirements surrounding data localization, requiring data collectors to open a branch office or representative office and to refrain from transferring any data collected on Vietnamese citizens out of the country. This post discusses some of the benefits and drawbacks of these requirements.