vietnam

Sending of notices under VIAC’s rules

A party to an arbitral proceedings under VIAC’s Rules must send its notice and other submission to VIAC which will then forward the notice and submission to the other parties to the proceeding.

Requirement for contracting parties’ consent in case of de-merger of a Vietnamese company

In the case of a de-merger of a Vietnamese company, must the remaining company comply with the procedures for transferring contractual rights and obligations under the Civil Code 2015 including obtaining consents from its contracting parties?

Legal Regulations On Receiving A Non-Refundable Sponsorship By a Subsidiary In Vietnam From Its Foreign Parent Company

The transfer of a non-refundable sponsorship to a subsidiary by its Parent Company is defined as a one-way money transfer, and as a current transaction. This article discusses such sponsorship transactions.

Vietnam: Proposing new regulations on refinancing on the basis of special bonds of credit institutions

In this update: 1) Guidance on implementing regulations on increasing overtime, 2) Proposing new regulations on refinancing on the basis of special bonds of credit institutions.

Vietnam Weekly Update - 30 April 2022

Cập Nhật Hàng Tuần Việt Nam - 30 Thang 04 2022

In this update: 1) The Corporate Income Tax (“CIT”) policy upon relocation of business head office, 2) Guidance on canceling invoices

Vietnam Legal Updates - Vol. 39: Draft on peer-to-peer lending trial

In this update: 1) Draft on peer-to-peer lending trial, 2) Reduction of environmental protection tax rates for petrol, oil and grease, and 3) Increase the number of overtime working hours in the context of Covid-19 pandemic. prevention and control

Circular 24/2022 amending Circular 48/2019 regarding making provisions

On 7 April, the Ministry of Finance issued Circular 24/2022/TT-BTC amending Circular 48/2019 regarding the provision for devaluation in investment in government bonds, municipal bonds and government-guaranteed bonds. Circular 24/2022 takes effect from 25 May 2022.

Vietnam Weekly Update - 15 April 2022

Cập Nhật Hàng Tuần Việt Nam - 15 Thang 04 2022

In this week’s legal update: 1) Overtime hours in 01 year, in 01 month of employees in the context of COVID-19 epidemic prevention and control, socio-economic recovery and development; and 2) New guidance on VAT.

Vietnam Customs and Global Trade Update | March 2022

In this update: Proposed amendments on the Law on Export and Import Duty, Guidance on exchanging data from surveillance cameras between Export Processing Enterprise (EPE) and the customs authorities, Amending regulations on the special preferential export tariff and the special preferential import tariff to implement the CPTPP, Implementation under the Vietnam - UK Free Trade Agreement (UKVFTA), and others.

EY Vietnam Tax Alert | Restore immigration policies before COVID-19

In this Tax Alert: 1) Retrievement of the immigration policies for foreign travelers same as before applying COVID-19 control measures, 2) Unfreezing visa bilateral and unilateral Vietnam visa exemption, and 3) No quarantine requirements for entry persons who are negative to COVID-19.

Foreign Investment in Data Center Business in Vietnam

This alert lists the key licenses, permits, declarations generally needed by a foreign investor (alone or in JV) to set up and operate a data center in Vietnam.

Vietnam: Changes to the Law on Electricity

The new Law on amending and supplementing No. 03/2022/QH15 took effect on 1 March 2022. The New Law provides changes to nine current laws, which includes the Law on Electricity 28/2004/QH11, as amended from time to time.

Vietnam: Can a foreign company retain a Vietnamese person as a service provider, not an employee?

Vietnamese law has no clear-cut distinction between an employment relationship and a commercial relationship, service agreement, thus individuals can be service providers.

Vietnam Updates From ADK - Vol. 38: Contractor shall purchase compulsory insurance for civil liability for third parties

In this update: 1) Guideline on Covid-19 prevention and control associated with entrants, 2) Visa waiver for citizens of 13 countries, and 3) A contractor shall purchase compulsory insurance for civil liability for third parties.

Use of digital signatures in e-financial transactions

Digital signatures have become an essential part of the digitisation strategy of the banking sector in Vietnam. Even though the legality of digital signatures has been recognised by Vietnamese law, some risks and obstacles still undermine their use.

Vietnam Weekly Update - 25 March 2022

Cập Nhật Hàng Tuần Việt Nam - 25 Thang 03 2022

In this update: 1) Amending, supplementing several regulations on compulsory insurance in construction investment activities, 2) Visa waiver for the foreign nationals; and 3) Summary of articles published in March 2022.

Vietnam Weekly Update - 14 March 2022

Cập Nhật Hàng Tuần Việt Nam - 14 Thang 03 2022

In this update: 1) Administrative procedures re foreign exchange operations performed at the one-stop service counter of the State Bank of Vietnam, 2) Amending and supplementing the guidance of the Law on Insurance Business and regulations on compulsory insurance of civil liability of motor vehicle owners.

Vietnam: Amendments and supplements for approving foreign loans under Circular No. 09/2022/TT-BTC

In this update: 1) Several amendments and supplements to conditions for approving foreign loans under Circular No. 09/2022/TT-BTC, 2) New regulations on the registration fee under Circular No. 13/2022/TT-BTC.

Republic Act No.11595 Reduces Required Paid-up Capital for Foreign Retail Enterprises to 25M Philippine Pesos

On 10 December 2021, President Rodrigo Duterte signed into law Republic Act No. 11595 which introduced important amendments to the Retail Trade Liberalization Act of 2000.

Some developments relating to the draft Personal Data Protection Decree

On 7 March, the Government issued Resolution 27/NQ-CP as an ‘approval-in-principle’ of key contents of the draft PDPD proposed by the MPS.