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(Written by ASL LAW’s Senior Partner Nguyen Tien Hoa, Published on VIR) At a conference with small and medium-sized enterprises in early 2025, Prime Minister Pham Minh Chinh tasked the Ministry of Finance (MoF) and the Ministry of Science and Technology (MoST) with exploring the piloting of a cryptoasset exchange via a controlled testing mechanism….
29
Jul
Jul
The U.S. Department of the Treasury has officially declared that Vietnam “does not manipulate currency” in its recent report, marking a significant development in the economic relationship between the two nations. This announcement came in the June edition of the “Macroeconomic and Foreign Exchange Policies of Major U.S. Trading Partners” report, where the department commended…
20
Jul
Jul
As Vietnam integrates more deeply with the global economy, Initial Public Offerings (IPOs) have become an important trend for companies seeking to raise capital, expand their scale, and enhance their market position. The IPO process requires strict compliance with legal regulations and professional support from consulting experts. Therefore, the role of lawyers in the IPO…
19
Jun
Jun
Vietnam has made a significant regulatory advancement by defining electronic money (e-money) for the first time under Decree 52, which will take effect on July 1, 2024. This decree provides a comprehensive framework for e-money, differentiating it clearly from virtual currencies, which are excluded from its scope as they remain unregulated by the country’s financial…
07
May
May
In certain cases, the actual exchange rate in a civil transaction in Vietnam may differ from the exchange rate recorded in the accounting books of enterprises and relevant authorities. This article will provide a detailed analysis of exchange rate differences in civil transactions in Vietnam. Concept of Exchange Rate and Exchange Rate Difference According to…
01
May
May
The JB Financial Group from Korea has completed a strategic investment deal in Infina. The signing ceremony for the strategic investment was held at the headquarters of JB Securities Vietnam. ASL LAW proudly advised JB Financial Group on the M&A deal. According to information from the leadership of both sides, this investment aims to strengthen…
01
May
May
At the end of the first quarter of 2024, JB Financial Group (JBFG) announced the signing of a strategic investment contract to invest in OKXE – a South Korean startup with a motorcycle trading platform in Vietnam. ASL LAW is honored to continue to advise JB Financial Group on this M&A deal. According to the…
06
Apr
Apr
The State Bank of Vietnam (SBV) has taken proactive steps to adapt to the rapidly changing domestic and international market conditions by revising a crucial circular governing foreign currency transactions. To enhance flexibility and initiative in managing monetary and exchange rate policies, the SBV’s move signifies a strategic response to the dynamic nature of the…
21
May
May
Deputy Prime Minister Le Minh Khai has taken a significant step towards bolstering Vietnam’s commitment to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction. On February 23, a decision was signed to promulgate the national action plan aimed at implementing the Government’s pledge in this crucial area. The primary objective…
10
Mar
Mar
The Asian Business Law Institute (ABLI) recently released the Cryptoassets and Property Law (Civil Law Edition) publication with support from the Singapore Academy of Law. The publication features excerpts comparing Property law and Cryptoassets law in China, Indonesia, Japan, Thailand, and Vietnam. Lawyer Pham Duy Khuong, ASL LAW‘s managing partner, proudly contributed to the legal…
