On 07 January 2023, the Ministry of Industry and Trade (MOIT) issued Decision No. 21/2023/QD-BCT (Decision 21) on the official power price framework for the transitional renewable energy (RE) projects. In this legal update, we will highlight several remarkable information for the power project investors about the new power price framework.

• 10 January 2024

On 01 Nov 2023, the Ministry of Industry and Trade promulgated Circular 19 on methods of developing a price frame for electricity generation of solar and wind power plants. This circular is also applicable to Vietnam Electricity (EVN). This update analyses and gives in-depth determination on the developing method of the annual price frame.

• 10 January 2024

1 STATE BANK OF VIETNAM ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 2345/QĐ-NHNN Ha Noi, 18 December 2023 DECISION ON IMPLEMENTING SAFETY AND SECURITY SOLUTIONS IN ONLINE PAYMENT AND BANK CARD PAYMENT GOVERNOR OF THE STATE BANK OF VIETNAM Pursuant to the Law on the State Bank of Vietnam dated 16 June 2010; Pursuant to Gover

• 18 December 2023

Supply Agreement Document Information Document Name Supply Agreement Topic Area Sale and Supply of Goods and Services Partner Firm and Editor KPMG Law Limited Partner: Richard Stapley-Oh Email: rstapleyoh@kpmg.com.vn Partner: Geraldine Oh Email: geraldineoh@kpmg.com.vn Document Description This supply contract is intended for the supply of large quantities of goods over a relativel

• 30 December 2023

This Alert covers the information of the EU’s Carbon Border Adjustment Mechanism (CBAM) and the potential impacts on businesses.

• 29 December 2023

In this newsletter: Vietnam - New points in the Draft amendment of the Law on Social Insurance, Vietnam - Decree No. 70/2023/ND-CP on recruitment of foreign employees in Vietnam. Also covered: China, Australia, Philippines, Singapore, Taiwan, and Thailand.

• 29 December 2023

1 1 GOVERNMENT -------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 88/2023/NĐ-CP Ha Noi 11 December 2023 DECREE ON AMENDING AND SUPPLEMENTING A NUMBER OF ARTICLES OF GOVERNMENT DECREE NO. 54/2017/ND-CP DATED 08 MAY 2017 DETAILING A NUMBER OF ARTICLES AND MEASURES TO IMPLEMENT THE LAW ON PHARMACY AND GOVERNMENT DECREE NO. 155/2018/ND-CP D

• 11 December 2023

In this newsletter: 1) enterprises to use invoices on incurrence basis for cases where invoice suspension is being enforced, 2) guiding the case of invoicing for return goods, 3) VAT treatment for transactions of export processing enterprises, and 4) guidance related to the determination of taxable rates for foreign contractors.

• 29 December 2023

The second story of the International Business Report (IBR) campaign, reporting results of Grant Thornton’s survey of the global mid-market, pointed out the difficulties experienced by mid-market firms, particularly in Vietnam.

• 29 December 2023

Results of Grant Thornton’s latest International Business Report survey found that more mid-market companies in Vietnam are aiming to remarkably increase investment in technology, human resources, and R&D in the next 12 months.

• 29 December 2023