The Ministry of Finance of Vietnam is currently seeking public comments on a draft Circular that aims to amend and supplement several articles of Circular No. 51/2021/TT-BTC. This Circular guides the obligations of organizations and individuals engaged in foreign investment activities in the Vietnamese stock market. The proposed amendments are designed to enhance the regulatory…
In 2024, the Vietnamese government is taking significant steps to amend and supplement several decrees that guide the implementation of the Investment Law under the public-private partnership (PPP) method. This move aims to address existing challenges and improve the legal framework governing PPP projects in Vietnam. Deputy Prime Minister Tran Hong Ha has approved the…
Vietnam continues to be an attractive destination for foreign investors, thanks to its robust economic growth and favorable investment policies. In 2024, foreign investors can contribute capital to Vietnamese enterprises through various forms as specified in the Investment Law 2020. This article outlines the permissible forms of capital contribution, share purchases, and the procedural requirements…
Vietnam has become an attractive destination for foreign investors due to its dynamic economy and favorable investment climate. The legal framework for foreign investment is detailed in the Investment Law 2020 and various related circulars and decrees. This article provides a comprehensive overview of the forms of indirect investment available to foreign investors in Vietnam,…
Vietnam is at the start of implementing stringent measures to regulate cybersecurity and data protection through its latest draft decree on sanctions for violations in these domains. Targeting a start date of June 1, 2024, the decree is set to introduce significant fines and penalties for non-compliance, marking a critical development in Vietnam’s legal framework…
At the invitation of the US Embassy in Vietnam, lawyer Pham Duy Khuong (ASL LAW) had talk on Intellectual Property and the creative industry. Also participating in the event were Associate Professor, Dr. Le Thi Thu Ha, Director of the Incubation and Innovation Space of Foreign Trade University (FIIS) and My Anh, singer, songwriter, and…
The Ministry of Information and Communications (MIC) of Vietnam has taken a significant step towards providing clarity and facilitating the operations of foreign telecom service providers within the country. The release of a new Draft Decree aims to detail the implementation of key aspects of the amended Telecommunications Law of 2023 (the “2023 Telecom Law”)….
(Published on Vietnam Investment Review) With the advancement of sci-tech, numerous new transaction forms and asset types have emerged, especially the rise of virtual assets. However, Vietnam currently lacks a comprehensive legal framework to regulate state management mechanisms for virtual assets. Given this circumstance, the government mandated the Ministry of Finance to study and establish…
Taylor Swift, the global music sensation, isn’t just known for her chart-topping hits and electrifying performances. She’s also making waves in the world of intellectual property with her extensive trademark portfolio. By the start of 2024, Swift proudly owns almost 140 trademarks registered at the United States Patent and Trademark Office, showing her dedication to…
In a bid to streamline trade processes and foster greater economic cooperation, the Ministry of Industry and Trade recently issued Circular No. 04/2024/TT-BCT, amending and supplementing several Articles of Circular No. 20/2014/TT-BCT. These amendments specifically target the rules of origin within the Agreement establishing the ASEAN – Korea Free Trade Area (AKFTA), aiming to enhance…