Updates
Vietnam: The extensive use of PPP in Ho Chi Minh City infrastructure development!
- LNT & Partners
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
- DFDL Vietnam
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
- Venture North Law Firm
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
- Venture North Law Firm
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
- Venture North Law Firm
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
- Venture North Law Firm
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.
Vietnam: The extensive use of PPP in Ho Chi Minh City infrastructure development!
- LNT & Partners
Ho Chi Minh City (HCMC), Vietnam's economic powerhouse, is charting a new course for infrastructural development through the extensive use of Public-Private Partnerships (PPPs). A recently approved landmark list of 41 projects underscores the city's ambition to leverage private sector expertise and funding for vital public works.
Vietnam: Is it difficult to enforce a civil judgment in Vietnam?
- Apolat Legal
After the Court issues a judgment or decision to resolve a case, the next step that the winning party is interested in is how the legally effective judgment will be enforced. This article examines the specific steps a judgment creditor needs to know from when requesting judgment enforcement until the judgment enforcement is completed according to Vietnam’s civil procedural law.
Vietnam: Protecting computer software under patent law: Is it easy?
- Apolat Legal
Many Vietnamese businesses are still wrestling with the question of whether to protect computer programs’ intellectual property rights (IP) as copyright or patent. This decision could lead to completely different ways of commercializing, enforcing and protecting intellectual property rights associated with computer programs.
New guidelines on protection for AI-assisted patent in US
- Apolat Legal
Determining the authorship of inventions (inventors) created with AI assistance has been a contentious issue in recent years. However, light is gradually emerging, though it is clear that this is not yet the end of the tunnel. In the case of Thaler v. Vidal, 43 F.4th 1207 (Fed. Cir. 2022), the Federal Circuit upheld the decisions made by the USPTO to reject two petitions seeking to designate an AI system as an inventor.
Mazars Vietnam Newsletter - April 2024
- Mazars Vietnam
On March 29, 2024, Vietnam Social Insurance issued Official Letter No. 862/BHXH-TST guiding certain the implementation the Social Insurance (SI) Agreement between Vietnam and South Korea.
Vietnam: Implementation Plan of the National Power Development Master Plan for the 2021-2030 Period
- ADK Lawyers
In this update: 1) Enhanced Investment Incentives and Support in High-Tech Parks, 2) Implementation Plan of the National Power Development Master Plan for the 2021-2030 Period
Vietnam: Some issues related to the training, improvement, and skill enhancement of employees under the labour code
- Apolat Legal
The training, improvement, and enhancement of skills for employees has become more necessary than ever. Training and development for employees is among the important provisions recognized in the Labor Code 2019. In this article, the author will present some relevant content regarding vocational training for employees according to the current legal regulations.
Vietnam's Fintech Sandbox Mechanism Updated Draft Decree
- RHTLaw Vietnam
The Government of Vietnam has recently published an updated draft of the Decree on Fintech Sandbox Mechanism in the banking sector proposing several amendments to the previous draft published on 1 April 2022.
Vietnam project financing guide
- Allens Vietnam
In Vietnam, project financing has most commonly been used to finance power and infrastructure projects. There is no consolidated legal framework that governs project finance activities in Vietnam. In this guide, we examine project financing, highlighting critical legal and commercial considerations from the standpoint of foreign lenders and sponsors.
Vietnam: Rising Cybersecurity Concerns in Vietnam Prompt Prime Ministerial Directive
- DFDL Vietnam
Government agencies assess that hackers continue targeting critical entities with increasingly sophisticated methods. These hacks have the potential to disrupt entire operations, and transactions, making sensitive data irrecoverable once it falls into the hands of hackers. Given this situation, on 8 April 2024, the Prime Minister of Vietnam issued a directive requesting ministries, sectoral, and local government agencies to review and assess the current cybersecurity situation.
Vietnam: Technical Update - April 2024
- KPMG Law Limited
This technical update covers: Decree No. 96/2023/ND-CP on the Law on Medical examination and treatment. decree No. 10/2024/ND-CP regulating high-tech zones, circular No. 22/2023/TT-NHNN on the State Bank of Vietnam amending Circular No. 41/2016/TT-NHNN on capital adequacy ratios, and others.
Vietnam: New draft regulations on electricity generation tariffs and model power purchase agreements
- Allens Vietnam
In this Insight we: 1) provide an overview of regulations on the electricity generation tariff, 2) recap the key principles of the pricing mechanism, 3) explain the key changes under the draft circular on determining electricity generation tariffs and power purchase agreements; and 4) outline the considerations and actions Government still needs to take.
Vietnam: Key insights into draft Electricity Law and PDP8 Implementation Plan
- Allens Vietnam
In a significant step towards strengthening Vietnam's power security, the Ministry of Industry and Trade has released a draft amendment to the Electricity Law. In this Insight, we unpack key new provisions affecting offshore wind projects in the Electricity Law Draft and PDP8 IP.
Vietnam: Land Law 2024 – Some Takeaways For Vietnamese Residing Overseas
- Venture North Law Firm
This article provides some highlights of the land use scheme applicable to these two groups of land users: (i) Vietnamese citizens and (ii) persons of Vietnamese origin.
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