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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…
03
Mar
Mar
The Vietnamese government has ordered the implementation of a legal framework regarding virtual assets, directing the Ministry of Finance to conduct research and propose a legal framework by May 2025 to prohibit or regulate virtual assets to combat money laundering and address issues related to virtual assets gradually becoming more prevalent in Vietnam. In the…
01
May
May
On the morning of February 19, 2024, representatives of the Office of the President of Vietnam announced the full text of the President’s Order on the promulgation of the amended Land Law and the amended Credit Institutions Law, which were passed by the 15th National Assembly at its extraordinary general meeting, the fifth of the…
22
Feb
Feb
One of the primary reasons for restricting foreign exchange transactions is to protect and maintain stability for the domestic economy. Controlling exchange rates can help prevent significant and sudden fluctuations in currency values, keeping the economy more stable and minimizing inherent risks. Article 3 of Circular 32/2013/TT-NHNN stipulates, “Within the territory of Vietnam, except for…
23
Feb
Feb
With outstanding achievements, ASL Law has been honored by the Asia Business Law Journal as a leading law firm in the field of Structured Finance & Securitisation in 2023. This recognition is not only a source of pride for ASL Law but also a testament to the commitment and vision to provide optimal legal solutions,…
28
Jan
Jan
In the context where the tax system and related fees are becoming increasingly complex, understanding the fundamental concepts of taxes, fees, and levies is crucial for individuals and businesses to actively and effectively manage personal and corporate finances in Vietnam. In reality, many people still find it challenging to differentiate between these concepts. This article…
27
Jan
Jan
The using of foreign currency in the territory of Vietnam is currently limited in order to preserve the strength of Vietnam Dong – Vietnam’s currency. If other currencies such as USD, AUD, Euro, Swiss France,… are constantly traded in the open market, the value of VND will slowly deteriorate as people will not use that…
05
Jan
Jan
The M&A activities in 2023 are still not as exciting and dynamic as expected. However, with encouraging signals in M&A deals, particularly in the real estate and technology sectors in the latter half of 2023, along with policy changes aimed at attracting foreign investment, the Vietnamese M&A market is expected to recover and thrive in…
05
Dec
Dec
With a continuous commitment to providing cross-border legal services for Vietnamese businesses in various countries, the IBA event provides an excellent opportunity for ASL LAW’s lawyers to meet, exchange, and learn from experiences in their specialized legal areas such as anti-dumping and trade remedy, mergers and acquisitions, business, energy and oil, construction, intellectual property, arbitration,…
