Rising Cybersecurity Concerns in Vietnam Prompt Prime Ministerial Directive In recent weeks, cyber-attacks, particularly ransomware attacks, in Vietnam are on the rise and anticipated to become potentially more complex in the near term, posing a serious risk to both economic and social dev
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.
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.
1 PRIME MINISTER -------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 262/QĐ-TTg Ha Noi 01 April 2024 DECISION ON APPROVING THE IMPLEMENTATION PLAN OF THE NATIONAL ELECTRICITY DEVELOPMENT PLAN FOR THE PERIOD OF 2021 - 2030, WITH A VISION TO 2050 PRIME MINISTER Pursuant to the Law on Government Organization dated 19 June 2015; the
1 VIETNAM SECURITIES DEPOSITORY AND CLEARING CORPORATION ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No: 21/QD-HDTV Ha Noi, 10 August 2023 DECISION ON ISSUING REGULATIONS GUIDING THE REGISTRATION OF SECURITY INTERESTS FOR SECURITIES REGISTERED CENTRALLY AT THE VIETNAM SECURITIES DEPOSITORY AND CLEARING CORPORATION MEMBERS' COUNCIL
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.
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.
On 23 June 2023, the National Assembly adopted the new Law on Tendering effective from 1 January 2024. In an effort to foster a more competitive market, the Law on Tendering 2023 introduces significant amendments regarding the scope of application, methods, and procedures for selecting tenderers and investors. This post will summarize some notable changes in the Law on Tendering 2023.
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.
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.