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…

Which types of capital contributions or share purchases are permitted by foreign investors in Vietnam?

Which types of capital contributions or share purchases are permitted by foreign investors in Vietnam?

Article 24 of the Investment Law 2020 stipulates that investors have the right to contribute capital, buy shares, and purchase capital contributions from economic organizations. Accordingly, the activities of capital contribution, share purchase, and capital contribution purchase of economic organizations by foreign investors must fully satisfy the conditions listed below. According to the above regulations…

Regulations on Special investment incentives in Vietnam

Regulations on Special investment incentives in Vietnam

The Government has made a decision to implement special investment incentives and support policies in order to encourage the growth of a number of projects with substantial economic effect. The following projects will be given special investment incentives and support in accordance with the Investment Law 2020: Moreover, in accordance with Clause 3 of Article…

The Ministry of Industry and Trade of Vietnam collects people’s opinions on the draft Decree regulating offshore investment in petroleum activities

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Pursuant to the Law on Promulgation of Legal Documents in 2015, which was amended and supplemented in 2020, the Ministry of Industry and Trade of Vietnam has presided over and coordinated with relevant ministries and branches to develop a draft Decree regulating offshore investment in petroleum activities replacing Decree No. 124/2017/ND-CP dated November 15, 2017…

Vietnam: amending regulations for using temporarily idle state funds to repurchase government bonds with a term

Vietnam: amending regulations for using temporarily idle state funds to repurchase government bonds with a term

A number of articles of Circular No. 107/2020/TT-BTC, which govern the transaction of repurchasing with a term of government bonds from temporarily idle state funds of the State Treasury, have been amended and supplemented by Circular No. 12/2023/TT-BTC, which was recently published by the Ministry of Finance (State Treasury). As a result, in order for…

Difficulties of foreign enterprises when investing in Vietnam

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Currently, Vietnam is on the track to developing an integrated economy with key capital coming from foreign investors, spreading across 139 countries and territories around the world as of early 2022. Although it has received many successes in more than 30 years from foreign direct investment (FDI), Vietnam’s management and operation system still have many…

Impact of EVFTA in Vietnam after 2 years of implementation

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After 2 years of implementing the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has thrived in many fields, especially in attracting foreign direct investment (FDI) and promoting trade between Vietnam and the European Union bloc. EVFTA Free Trade Agreement The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member…

Vietnam Bar Federation acknowledges ASL LAW’s activities at IBA’s annual meeting 2022 in Miami, USA

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New regulations on the private placement of corporate bonds in Vietnam

Amendment of regulations on bond redemption before maturity and bond swap, Supplementing the bond issuance principle, Changes to the purpose of bond issuing, New regulations on the private placement of corporate bonds in Vietnam

On September 16, 2022, Vietnam published Decree 65/2022/ND-CP amending Decree 153/2020/ND-CP governing the offering and trading of privately placed corporate bonds in the domestic market, as well as the issuance of corporate bonds to the foreign market. The following are some of the highlights of Decree 65/2022/ND-CP: Changes to the purpose of bond issuing Bond issuance…

What about warrants do investors need to know in Vietnam?

What about warrants do investors need to know in Vietnam? What is a warrant? Features of warrants in Vietnam, Risks when investing in warrants

What is a warrant? What do investors need to know about warrants? Perhaps not everyone knows this term, especially those who have never invested in securities or are in the process of learning about securities. What is a warrant? Features of warrants in Vietnam A warrant is a type of security that gives the holder…

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