The key to navigate distressed M&A substantially relies upon striking a balance between the potentially high commercial gains and the special legal risks peculiar to distressed assets. This article discusses what buyers should be mindful of and how they can manage the key legal risks for the best possible desirable outcome.

• 30 November 2023

On 18 September 2023, Vietnam’s Government introduced the Decree No. 70/2023/ND-CP amending the Decree No. 152/2020/ND-CP dated 30 December 2020 concerning foreign employees in Vietnam and the administration of Vietnamese employees employed by foreign entities in Vietnam. Among several updates, highlighted below are two primary groups of changes concerning foreign employees in Vietnam.

• 30 November 2023

On the 20th of November 2023, the Department of Industry and Trade of Ho Chi Minh City officially released Letter No. 7028/SCT-QLXNK, outlining collaborative efforts for the execution of the 2023 Shopping Season. This initiative aligns with the directives set forth in Plan No. 1976/KH-UBND, issued on the 15th of May 2023.

• 30 November 2023

1 MINISTRY OF HEALTH ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 23/2023/TT-BYT Hanoi, 30 November 2023 CIRCULAR ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES IN CIRCULAR NO. 01/2018/TT-BYT DATED 18 JANUARY 2018 OF THE MINISTER OF HEALTH REGULATING THE LABELLING OF DRUGS, MEDICINAL INGREDIENTS AND DRUG USE INSTRUCTION SHEETS Pu

• 30 November 2023

To meet its climate commitments and achieve net-zero by 2050, the Vietnam government has taken steps to establish a legal framework for the development of renewable energy. This effort has included enticing foreign investments in wind power. This article discusses market access and foreign market access.

• 29 November 2023

On 20 June 2023, the National Assembly promulgated the Law on Protection of Consumers’ Rights No. 19/2023/QH15 (the “New PCR Law”), aimed to replace its almost 13 year old predecessor – the Law on Protection of Consumers’ Rights No. 59/2010/QH12 promulgated on 17 November 2010, as guided by Decree No. 99/2011/ND-CP (the “Current PCR Law”).

• 29 November 2023

On 9 January 2023, the Government issued Law No. 15/2023/QH15 on Medical Examination and Treatment superseding Law No. 40/2009/QH12 with the goal of bringing a more forward legal framework corresponding to current medical practice beginning on 1 January 2024. This update provides valuable details on the new law.

• 29 November 2023

Further to our update on 1 August regarding the draft Resolution on Global Minimum Tax policy in Vietnam issued for public consultation, the National Assembly has just approved this Resolution on 29 November. The Resolution takes effect from 1 January 2024.

• 29 November 2023

The National Assembly of Vietnam has passed a Resolution in respect of the OECD’s Pillar Two Model Rules. The Resolution will come into effect from 01 January 2024. The Resolution requires large multinational groups to pay a global minimum corporate income tax of 15% on profit in each jurisdiction.

• 29 November 2023

1 GOVERNMENT -------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 83/2023/NĐ-CP Ha Noi, 29 November 2023 DECREE AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF GOVERNMENT DECREE NO. 95/2018/ND-CP DATED 30 JUNE 2018 REGULATING THE ISSUANCE, REGISTRATION, DEPOSITORY, LISTING AND TRADING OF GOVERNMENT DEBT INSTRUMENTS ON THE STOCK MARKET

• 29 November 2023