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Vietnam’s Ministry of Information and Communications has taken a significant step in safeguarding consumer interests with the enactment of new regulations aimed at enhancing oversight of unsafe Information and Communication Technology (ICT) products. Circular 04/2023/TT-BTTTT, scheduled to come into effect on May 15, 2024, marks a pivotal moment in ensuring that technology products entering the Vietnamese…
12
Apr
Apr
Vietnam has emerged as one of the most dynamic and rapidly growing economies in Southeast Asia, attracting businesses from around the globe. Its strategic location, favorable investment environment, and abundant workforce make it an appealing destination for entrepreneurs looking to set up new company in Vietnam. However, navigating the process of setting up a new…
08
Apr
Apr
As the world progresses into the digital age, the realm of finance undergoes significant transformations, with virtual assets emerging as a prominent feature. However, as of now, Vietnamese law remains silent on the regulation of virtual assets and virtual asset service providers. Recently, the Prime Minister of Vietnam issued Decision No. 194/QD-TTg on February 23,…
12
Apr
Apr
Investment procedures and regulations for Vietnamese enterprises investing abroad typically depend on both Vietnam’s regulations and those of the target country the enterprise is interested in. Below is a summary of the general process and procedures that a Vietnamese enterprise usually needs to undertake to invest abroad: Research and Planning Legal Procedures It should be…
14
May
May
Vietnam, amidst its strong economic integration and development, has attracted the interest of many enterprises seeking to expand their business activities overseas. Establishing a company abroad is becoming an attractive option for many Vietnamese businesses, offering new opportunities to access international markets, enhance international cooperation, and improve competitiveness. Opportunities for businesses when establishing a company…
17
Apr
Apr
In a move aimed at streamlining the management of Vietnam’s national domain names, the Ministry of Information and Communications (MOIC) has introduced a draft decree outlining several key provisions related to the registration and usage of “.vn” domain names. These proposed regulations, if enacted, would bring about significant changes in the process of domain name…
17
May
May
The Vietnamese government has recently issued Decree No. 24/2024/ND-CP, providing detailed regulations and measures for the implementation of the Bidding Law concerning the selection of contractors. This decree, aimed at enhancing transparency and efficiency in bidding procedures, outlines specific provisions regarding preferential treatment for contractors participating in various procurement activities. Under Article 4 of the…
27
Mar
Mar
The development of offshore wind power projects in Vietnam is currently awaiting legal clarity. According to the Ministry of Industry and Trade, several amendments and additions to various laws are necessary to enable the implementation of offshore wind power projects. These include revisions to the Investment Law, Bidding Law, Law on Marine Resources, Environment, and…
20
May
May
The Vietnamese government has taken a significant step towards enhancing transparency and efficiency in Bidding processes with the issuance of Decree No. 24/2024/ND-CP. This decree, which provides detailed guidelines for the implementation of the Bidding Law, aims to improve the selection of contractors and ensure compliance with legal requirements. Under the provisions of the new…
25
Mar
Mar
The most significant difference between branches and representative offices lies in their legal nature and financial responsibilities. In terms of nature, a branch is considered a part of the parent company and can conduct direct business transactions, while a representative office is merely a legal representative without legal status and cannot engage in direct business…
