Vietnam: Contributing capital, buying bank shares illegally will be fined up to VND 250 million

Vietnam: Contributing capital, buying bank shares illegally will be fined up to VND 250 million

The Vietnam Government has just added a series of regulations on administrative sanctions for violations in the monetary and banking sectors. Contributing capital, buying, receiving transfer of bank shares improperly will be fined 200-250 million VND The Government promulgates Decree 143/2021/ND-CP amending and supplementing a number of articles of Decree No. 88/2019/ND-CP dated November 14,…

Conditions for real estate business in Vietnam from March 1, 2022

Conditions for real estate business in Vietnam from March 1, 2022

Organizations and individuals that want to do real estate business must meet certain conditions. Recently, the Government issued Decree 02/2022/ND-CP, leading to changes in the conditions for real estate business in Vietnam from March 1, 2022. Conditions for real estate business in Vietnam Article 4 of Decree 02/2022/ND-CP stipulates that organizations and individuals trading real…

Proposal to amend the Law on Management and Use of State Capital for Investment in Enterprises in Vietnam

Proposal to amend the Law on Management and Use of State Capital for Investment in Enterprises in Vietnam

The Ministry of Finance is proposing to develop a draft Law amending the Law on Management and Use of State Capital to invest in production and business in enterprises (Law No. 69/2014/QH13). According to the Vietnam  Ministry of Finance, on November 26, 2014, the National Assembly promulgated Law No. 69/2014/QH13, effective from July 1, 2015….

Advice for investors in Vietnam to buy corporate bonds

Advice for investors in Vietnam to buy corporate bonds 1

Credit institutions and real estate enterprises are the largest issuers in the market, accounting for 34% and 27.7% of the total issuance volume, respectively, while the rest are commercial, service, manufacturing and Securities Company. However, the corporate bond market still has some potential risks, which need to be closely monitored for the market to develop…

Notes to The People’s Court and the People’s Procuracy of Vietnam when settling the requests for the implementation of the Singapore High Court’s decision

The Peoples Court and the People's Procuracy of Vietnam must learn the hard way when settling the requests for the implementation of the Singapore High Courts decision, recognition of a decision of foreign Court in Vietnam, recognition of a decision of Singapore Court in Vietnam, enforcement of a decision of foreign Court in Vietnam, enforcement of a decision of Singapore Court in Vietnam, enforcement of foreign Court's order in Vietnam, enforcement of foreign Court's in Vietnam, enforcement of Singapore Court's order in Vietnam

When settling the request of a bank in Singapore, the two Vietnamese courts encountered many mistakes because of not considering international treaties and consulting the Vietnam Ministry of Foreign Affairs and the Vietnam Ministry of Justice. Recently, the Council of Judges of the Supreme People’s Court announced that both the first-instance and appellate judgments were…

Remove difficulties for PPP projects and land use investment projects in Vietnam

Remove difficulties for PPP projects and land use investment projects in Vietnam

The Ministry of Planning and Investment has issued Circular No. 09/2021/TT-BKHDT guiding in detail the selection of investors to implement investment projects in the form of public-private partnership (PPP) and land use investment projects. Circular 09/2021/TT-BKHDT selection of investors to implement investment projects The promulgation of the Circular aims to continue to ameliorate the provisions…

Promote the implementation of documents on investment under the model of public-private partnership in Vietnam

Promote the implementation of documents on investment under the model of public-private partnership in Vietnam

The Prime Minister has issued Directive No. 30/CT-TTg on accelerating the implementation of legal documents on investment in the form of public-private partnership and bidding to select investors. The Law on Investment in Public Private Partnership (PPP Law) was approved by the XIV National Assembly at its 9th session (effective from January 1, 2021). Develop…

Basic information about bonds in Vietnam

Basic information about bonds in Vietnam, Basic information about bonds, Types of bonds, type of bond, vietnam law on bonds, type of bonds in Vietnam, Vietnam bond law, bond law in Vietnam

(Vietnam) People often hear the word bonds or stocks in banks or stock exchanges. However, not all citizens understand what a bond is or what is the regulations surrounding a bond. Are bond and stock the same? What is the difference? In this article, we will clearly list all basic information about bonds in Vietnam….

Amending and supplementing a number of regulations on e-commerce in Vietnam

Amending and supplementing a number of regulations on e-commerce in Vietnam

The Vietnamese Government issued Decree No. 85/2021/ND-CP amending and supplementing a number of articles of Decree No. 52/2013/ND-CP dated May 16, 2013 of the Government on e-commerce in Vietnam. New regulations on e-commerce activities in Vietnam According to the new regulations, for goods and services introduced online, the seller must provide information so that the…

Amend the Vietnam law to promote disbursement of public investment capital

Amend the law to promote disbursement of public investment capital

(Vietnam) Important provisions in the Vietnam Law on Public Investment are proposed to be amended and supplemented to remove difficulties for public investment projects, especially ODA-funded projects. Boosting disbursement of public investment capital The information is perhaps not too surprising. That is, after reviewing, up to this point, there have been 67 ministries, central and local…

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