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The strategic use of intellectual property (IP) can play a crucial role in sustaining business growth. By leveraging IP rights effectively, a company can gain a competitive advantage, protect its innovations, and create new revenue streams. Here are some significant strategies to strategically use intellectual property for business growth. Protecting Innovations with Patents: If your…
26
Jul
Jul
Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IP is protected through patents, copyrights, trademarks, and trade secrets, providing creators with exclusive rights over their creations for a limited period. Technology transfer, on the other hand, is the process…
16
Jul
Jul
On June 20, 2023, the National Assembly passed the Law on the Protection of Consumer Rights. This is an important law project with an impact on many industries and fields. This Law is built on the principle of inheriting, promoting, and improving regulations that are still relevant to reality in the Law on Protection of…
05
Jul
Jul
At Webinar: “Personal Data Protection in Vietnam and Cross-Border Transactions – What’s New?” ASL LAW received very practical questions. In this article, ASL LAW would like to answer those questions. Question 1: How do we exchange information regarding DPO with the local regulator? Is the National Portal on personal data protection launched already? Until now,…
21
Jun
Jun
On May 31, 2023, the Ministry of Finance issued Circular No. 33/2023/TT-BTC stipulating the determination of the origin of exported and imported goods. Circular 33 stipulates dossiers, pre-determination of origin; declaring and submitting documents certifying the origin of exported and imported goods; procedures and contents for inspection, determination, and verification of the origin of exported…
22
Jun
Jun
Circular No. 30/2023/TT-BTC guides the registration, depository, exercise of rights, transfer of ownership, payment for transactions, and organization of a trading market for corporate bonds offered for private sale in the domestic market issued by the Ministry of Finance on May 17, 2023. Accordingly, bond issuers must register with the Vietnam Securities Depository and Clearing…
26
Jun
Jun
From July 21, the fee for issuance of certificates of origin is 60,000 VND/set. On June 6, 2023, the Ministry of Finance issued Circular 36/2023/TT-BTC stipulating the rate, collection, payment, management, and use of fees for certification of origin (C/O). The fee for certification of origin is regulated as follows: The person paying the certificate…
19
Jun
Jun
The Ministry of Construction recently removed the regulations on the apartment ownership period in the draft housing law (amended) according to the opinion of the National Assembly Standing Committee. The Ministry of Construction, which was responsible for drafting the Housing Law (amended), highlighted the aforementioned opinion in the explanatory report it just issued to National…
26
Apr
Apr
The Government of Vietnam has extended the deadline for payment of value-added tax, corporate income tax, personal income tax, and land rent in 2023 for 4 subjects pursuant to Decree 12/2023/ND-CP dated April 14, 2023. Specifically, the 4 subjects eligible for tax payment deadline extension include: Enterprises, organizations, households, business households, and individuals engaged in…
02
Apr
Apr
With the present amount of investment in Bitcoin and its significant presence on virtual currency exchanges, is it illegal to purchase, trade, or use it? Currently, in the current legal documents of Vietnamese law, there is no specific regulation on what Bitcoin is. In reality, Bitcoin is a type of virtual currency. Virtual currency refers…
