From February 2024, companies and foreign investors applying for a contribution of capital or purchase of share/capital contribution by the foreign investor must state the actual price of proposed transfer, instead of the estimated transfer price as previously. This is a critical change and discussed in this update.

• 05 April 2024

The table in this update sets out the potential inconsistencies between agreements on ROFO, ROFR, Tag Along and Drag Along and the transfer procedures under Article 52 of the Enterprise Law 2020.

• 05 April 2024

Recently, the Prime Minister issued Decision No. 194/QD-TTg regarding the implementation of the national action plan to fulfil the commitments of the Government of Vietnam on anti-money laundering, counter-terrorism financing, and proliferation of weapons of mass destruction.

• 04 April 2024

1 DECREE ON MANAGEMENT AND DEVELOPMENT OF INDUSTRIAL CLUSTERS Chapter I .................................................................................................................................................. 3 GENERAL PROVISIONS ............................................................................................................................ 3 Article 1. Governing scope

• 15 March 2024

1 MINISTRY OF PLANNING AND INVESTMENT -------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 03/2024/TT-BKHĐT Ha Noi, 06 March 2024 CIRCULAR ON STIPULATING THE FORM OF BIDDING DOCUMENTS FOR THE SELECTION OF INVESTORS TO EXECUTE THE PROJECT WHERE BIDDING MUST BE ORGANIZED IN ACCORDANCE WITH THE LAW ON MANAGEMENT OF SECTORS AND FIELDS Pur

• 06 March 2024

The new Land Law aims to improve efficiency of land management and use in Vietnam and introduces significant changes impacting both domestic and foreign investors using land in Vietnam. This Insight highlights some of the key changes, with a focus on issues of note for energy and infrastructure project development.

• 30 March 2024 | Allens Vietnam

Following the passing of the Law on Real Estate Business 2023 (please refer to our previous NewsBrief for updates on this law), the National Assembly also passed the Law on Land No. 31/2024/QH15 (“LOL 2024”), which will become effective on 1 January 2025 and replace the current one.

• 30 March 2024

In this article, we share the top 10 considerations for M&A in the renewable energy sector in Vietnam, covering topics such as legal and regulatory framework, investment incentives, transaction structure, local partner, timing, debt, permits and approvals, due diligence, and more.

• 29 March 2024

On 01 October 2023, the Supreme People’s Court issued Decision No. 364/QD-CA to announce 07 new precedents, including Precedent No. 69/2023/AL on the jurisdiction of Commercial Arbitration in resolving confidentiality and non-compete agreement disputes.

• 29 March 2024

On March 16th 2020, the Ministry of Finance signed Decision 345/QD-BTC approving " The project on application of financial reporting standards in Vietnam" with a number of contents related to the implementation of IFRS.

• 29 March 2024