vietnam

Vietnam Technical Update: June 2024

This update covers: Repealing circular No. 83/2014/TT-BTC on import VAT, Continuous enforcement measures towards VAT refund management, PIT obligations re the transfer of capital contributed in real estate, enforcement of tax management using Form 01/TNDN, and guidance on exit ban to legal representatives of businesses recorded with tax debt.

Vietnam: The right for foreign-invested economic organisations to access and use land in Vietnam under the Land Law 2024

On the basis of inheritance from and development of the regulations in previous land laws, the Land Law 2024 regulates the right for FI economic organisations to access and use land in a manner more expanded and equally accessible as to domestic economic organisations, ensuring the potential of the land is exploited the most in the market economy.

Vietnam's Renewable Energy Landscape Post-New Policy Implementation

The National Power Development Plan for the period 2021-2030, with a vision towards 2050 (PDP8), was officially announced by the Prime Minister of Vietnam on May 15, 2023. This significant development is expected to drive new waves of investment and growth in Vietnam's power market, particularly in the renewable energy sector, in the upcoming phase.

Vietnam: Decree on Cybersecurity Administrative Sanctions To Be Released Next Month

The Government unveiled the appraisal dossier for the draft Decree on Cybersecurity Administrative Sanctions, which will impose administrative penalties for violations in cyberspace, including personal data breaches. This legal alert provides key highlights of the CAS Decree, especially on personal data breaches.

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.