On December 31, 2024, the Vietnamese government issued Decree No. 182/2024/ND-CP, providing groundbreaking support measures for semiconductor and artificial intelligence (AI) research and development (R&D) businesses. This decree, effective immediately, underscores Vietnam’s commitment to fostering innovation and technological advancement in high-tech sectors. Key Provisions of Decree 182 Support for Initial Investment Costs Businesses investing in…
On October 15, 2024, the Vietnamese Government issued Decree No. 132/2024/ND-CP, prescribing regulations for offshore investments in oil and gas activities. This comprehensive decree provides a legal framework for investors seeking to engage in overseas oil and gas exploration, production, and related operations, ensuring alignment with both Vietnamese laws and the laws of host countries….
On November 13, 2024, a talkshow on the theme “Identifying M&A Capital Flows” was organized by Vietnam Investment Review (VIR). This event served as a preliminary program in preparation for the 16th Annual Vietnam M&A Forum – 2024, which will take place on November 27, 2024, at the JW Marriott Saigon Hotel (Ho Chi Minh…
The Vietnamese government has unveiled an ambitious national strategy for blockchain technology development, outlined in Prime Minister Decision 1236/QD-TTg dated October 22. This comprehensive plan aims to position Vietnam as a regional leader in blockchain innovation and application by 2030, marking a significant step toward digital transformation. Strategic Vision and Milestones 2025 Objectives 2030 Goals…
The Ministry of Finance has issued Circular No. 68/2024/TT-BTC, which introduces significant amendments to securities transaction regulations, particularly affecting foreign institutional investors. The new circular, effective from November 2, 2024, modifies several existing regulations regarding securities trading, clearing, and payment procedures. Key Changes for Foreign Institutional Investors A notable amendment introduced through Clause 1, Article…
Vietnam’s Investment Law 2020 provides comprehensive guidelines regarding the adjustment of Overseas Investment Registration Certificates, particularly concerning changes in investment capital sources. This regulatory framework ensures proper oversight of overseas investments while maintaining transparent procedures for investors. Mandatory Adjustment Requirements According to Article 63 of the Investment Law 2020, investors must adjust their Certificate of…
Vietnam has introduced significant new regulations governing the selection of investors for land-using projects through Government Decree 115/2024/ND-CP, which provides detailed guidelines for implementing the Bidding Law. Scope of Application The new decree mandates bidding procedures for several categories of land-using projects, including: Specialized Projects Subject to Bidding The decree specifically identifies various specialized projects…
Vietnam is about to enact legislation that could unlock significant foreign investment in its burgeoning semiconductor industry. The Ministry of Information and Communications has been leading the drafting of a law focused on digital technology. The draft law includes essential provisions aimed at fostering the semiconductor sector, a cornerstone of Vietnam’s digital economy. Semiconductors are…
In a move to bolster the Vietnamese stock market and attract greater foreign investment, the State Bank of Vietnam (SBV) is drafting a new circular to better manage foreign indirect investment protocols. This initiative seeks to simplify the opening and use of Vietnamese dong-denominated accounts for foreign investors, streamlining procedures and creating a more favorable…
The Government of Vietnam has recently issued Decree 132/2024/ND-CP, which provides a regulatory framework for overseas investment in petroleum activities. This new decree, set to take effect on December 5, 2024, replaces Decree 124/2017/ND-CP and introduces several important provisions regarding how Vietnamese investors can engage in petroleum projects abroad. Key Provisions on Overseas Investment Capital…