7 Questions related to New Effective Decree on Personal data protection in Vietnam and Cross border Transactions

Vietnam webinar on Personal Data Protection in Vietnam and Cross Border Transactions, Personal Data Protection in Vietnam, Personal Data Protection in Vietnam and Cross Border Transactions webinar , Personal Data Protection in Vietnam and Cross Border Transactions,

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,…

Vietnam: Determine the origin of imported and exported goods from July 17, 2023

Vietnam: Determine the origin of imported and exported goods from July 17, 2023

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…

Vietnam: New guidance on private placement corporate bond trading

Vietnam: New guidance on private placement corporate bond trading

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…

Vietnam: New regulations on the certification of origin (C/O)

Vietnam: New regulations on the certification of origin (C/O)

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…

Vietnam: Remove regulations on apartment ownership period to attract foreign investors

Vietnam: Remove regulations on apartment ownership period to attract foreign investors

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…

Vietnam: Extension tax and land rent payments in 2023

Vietnam: Extension tax and land rent payments in 2023

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…

Vietnam: Is it illegal to purchase or trade Bitcoin?

Vietnam: Is it illegal to purchase or trade Bitcoin?

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…

What are foreign exchange and forex trading in Vietnam?

What are foreign exchange and forex trading in Vietnam?

Foreign exchange is a term used to refer to all payment methods used on the global market. More specifically, foreign exchange refers to an asset or property right that is convertible into a foreign currency and used by multiple countries as a payment method recognized and approved by the international community. Forex forms include: Foreign exchange market A…

ASL Law and Johnson Winter Slattery (Australia) offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery jointly organized a workshop on managing risk related to international trade among Vietnam, the United States, Australia, the EU, and other countries in Ho Chi Minh City. The workshop aimed to facilitate professional networking and provide a platform for discussing the risks inherent in conducting international trade in these…

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

(Published on Vietnam Investment Review) Online game developers in Vietnam are facing many legal problems related to their activities. The first legal problem is that the current regulations on licensing procedures for online games are often complicated and lengthy. In Vietnam, game developers need to have an operating license issued by the authorities. Depending on…

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