vietnam

New Decree 53 details Certain Provisions in the Law on Cybersecurity

The Government of Vietnam issued Decree 53/2022/ND-CP detailing a number of articles in Vietnam’s Law on Cybersecurity (2018) which took effect as from 1 January 2019. Decree 53 is part of the guiding legislation intended to address provisions in the Law on Cybersecurity that required more detail.

Foreign ownership limits in Business Cooperation Contracts in Vietnam

In certain business sectors, Vietnam allows foreign investors to invest though a joint venture or a business cooperation contract. However, it is not clear if the ownership limit provided in these commitments apply to investment through a joint venture only or to both investment through joint ventures and BCCs.

Decree 53/2022 - Further guidance on data localisation in Vietnam

In August 2022, the Government issued Decree 53/2022 providing further guidance on data localization requirements in Vietnam. In this post, we discuss some salient points of the data localization requirements under Decree 53/2022.

Decree 53/2022 implementing the Law on Cybersecurity in Vietnam

In August 2022, the Government issued Decree 53/2022 to implement various provisions of the Law on Cyber Security 2018 (LCS 2018). This updates summarises certain key points.

Certain issues regarding taking security over listed shares in Vietnam

Under Decree 155/2020, from January 2021, registration of security interests over listed shares in Vietnam are made at the Vietnam Securities Depositor Centre (VSD). Following Decree 155/2022, the Ministry of Finance and VSD have issued detailed regulations on registration of security interests over listed shares.

Vietnam: Proposing preferential policies supporting the farm economy

Viet Nam: Đề xuất chính sách ưu đãi, hỗ trợ kinh tế trang trại

The Ministry of Agriculture and Rural Development is drafting a Decree on policies to encourage the development of the agricultural farm economy, proposing many preferential and supportive policies for the farm economy. This update summarises the proposed policies.

Vietnam: Proposing two new methods of selecting drug suppliers

Viet Nam: Đề xuất thêm 2 hình thức lựa chọn nhà thầu cung cấp thuốc

In the draft Circular stipulating the bidding for drugs at public health facilities, and regulations on purchasing drugs at medical facilities, the Ministry of Health proposed two more methods of selecting drug suppliers.

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