1 LAW ON HOUSING Chapter I ................................................................................................................................................ 11 GENERAL PROVISIONS .......................................................................................................................... 11 Article 1. Scope of regulation ................................

• 27 November 2023

1 PRIME MINISTER ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 29/2023/QĐ-TTg Ha Noi, 19 December 2023 DECISION ON STIPULATING DOCUMENTS, REGULATION AND PROCEDURES FOR IDENTIFICATION OF INVESTMENT PROJECTS USING OUTDATED TECHNOLOGIES, POTENTIALLY CAUSING ENVIRONMENTAL POLLUTION AND RESOURCE INTENSIFICATION Pursuant to the Law on G

• 19 December 2023

The amended Law on Credit Institutions 2024 was approved by Vietnam’s National Assembly on 18 January 2024 and is effective from 1 July 2024. This article highlights the following key provisions of the Amended Law on Credit Institutions.

• 08 February 2024

The new Land Law was passed by the National Assembly on 18 January 2024 and is set to take effect on 1 January 2025. In this article, KPMG examines the 7 important changes brought about by the new Land Law, and a brief commentary as to potential impact that these changes may bring about.

• 08 February 2024

In the ever-evolving corporate landscape, the mastery of AI, especially the game changing Generative AI (“Gen AI”), has become a non-negotiable skill for both professionals and businesses. Unlocking its potential can supercharge efficiency and productivity by automating the drudgery of repetitive tasks, liberating valuable time for high-value activities. This not only propels operational excellence but also indirectly heightens competitiveness. “AI” is defined by the Org

• 07 February 2024

This technical update covers highlights of the Law on Housing amended and passed on 27 November 2023. The Law on Housing was promulgated to resolve legal difficulties, increase integrity of related legislation and facilitate a stable legal environment for real estate businesses.

• 07 February 2024

In this update: 1) Intensified focus on PIT compliance issues during tax audits, 2) Deductibility of overseas compulsory social insurance for PIT calculation

• 07 February 2024

Representations and warranties should constitute obligations of the person giving it under Vietnamese law, implying an obligation on the person providing them to guarantee that the stated facts and matters are true. In this update, we look at the consequences of breaches of representations and warranties under Vietnamese law.

• 06 February 2024

Under the Law on Bankruptcy 2014, creditors of a bankrupt enterprise include unsecured creditors, partially secured creditors and secured creditors. While it is not entirely clear, it appears that partially secured creditors are considered as a separate class of creditors and have their own rights during a proceeding.

• 06 February 2024

Under the Enterprise Law 2020, it is reasonable to consider that during the Capital Contribution Period, the founding shareholders who have not paid for the Subscription Shares in full would have all the shareholders rights including rights to transfer the Shares which have not been paid up. However, the drafting of the Enterprise Law 2020 could give rise to the position that during the Capital Contribution Period shareholder rights, the founding shareholders have only the voting right.

• 06 February 2024