1 DECREE DETAILING A NUMBER OF ARTICLES OF THE LAW ON PETROLEUM Chapter I .................................................................................................................................................. 5 GENERAL PROVISIONS ............................................................................................................................ 5 Article 1. Scope of

• 01 July 2023

There are many disputes over the language of a contract. Such disputes usually result from ambiguous provisions which are not reviewed thoroughly by parties when concluding contracts. This article presents five principles of interpreting a contract under Vietnamese law.

• 21 August 2023

1. The rate for compulsory social insurance, health insurance, accident insurance, occupational accident and occupational disease insurance On 11/11/2022, The National Assembly passed the Resolution on the state budget estimate for 2023. Consequently, the basic salary will be increased to VND 18 million per month (an increase of 20.8% from the current basic salary). According to Clause 3, Article 89 of the Law on Social Insurance 2014, the monthly salary contributed to social insurance is equal

• 21 August 2023

Following the issuance of the Law No. 23/2023/QH15 amending several Articles of Law on Entry, exit, transit and residence of Foreigners in Vietnam, on 14 August 2023, the Vietnamese Government issued Resolution No. 127/NQ-CP and Resolution No.128/NQ-CP, which provide more clarification on some articles of the Law No.23 and will facilitate inbound foreigners entering Vietnam.

• 21 August 2023

In this KPMG technical update: 1) Circular amending Circular on the issuance of license, organization and operation of the non-bank credit institutions, 2) Draft of Decree on cybersecurity administrative sanctions.

• 21 August 2023

The General Department of Customs recently issued official letters 3987/TCHQ-GSQL dated 31 July 2023 and 4146/TCHQ-GSQL dated 8 August 2023 regarding in-country export and import tripartite transactions involving foreign traders. This refers to the developments regarding in-country export and import transactions covered in our Newsbriefs dated 10 November 2022 and 9 June 2023.

• 21 August 2023

In this update: 1) The Draft Decree on Cybersecurity Administrative Penalties is tentative to take effect from 1 December 2023, 2) The Draft DCAP provides administrative penalties for violations of the personal data protection compliance requirements applicable to data controllers, processors, and controlling-processing entities.

• 21 August 2023

This Alert is to update the recent regulatory development on on-the-spot import and export customs procedures in Vietnam.

• 21 August 2023

In June 2023 the State Bank of Vietnam released Circular 06/2023/TT-NHNN on lending activities of credit institutions and branches of foreign banks in Vietnam and Circular 08/2023/TT-NHNN dated 30 June 2023 on conditions for non-government guaranteed cross-border foreign loans.

• 20 August 2023

1 LAW ON THE PROTECTION OF CONSUMER RIGHTS Chapter I .................................................................................................................................................. 5 GENERAL PROVISIONS ............................................................................................................................ 5 Article 1. Scope of regulation ..................

• 20 June 2023