Tiếng Việt
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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…
05
Sep
Sep
In recent years, the method of resolving disputes through commercial arbitration has been increasingly preferred by businesses in Vietnam due to several advantages such as agility, flexibility in procedural matters, high confidentiality, or the parties’ right to negotiate in dispute resolution. However, the challenge posed to this dispute resolution method is the enforceability of arbitral…
15
May
May
On March 22, 2024, China issued a decree on the development and regulation adjustments of cross-border data flows. This is a significant legal document guiding the regulation and establishment of information and personal data protection when processed or transferred across borders in China. In the global digital economy, cross-border data movement is crucial, driving innovation,…
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…
29
Mar
Mar
On March 19, 2024, two steel manufacturing enterprises in Vietnam, including Hoa Phat Group and Formosa Ha Tinh Steel Corporation, sent a request to initiate an anti-dumping investigation to the Trade Remedies Authority of Vietnam regarding HRC products imported from China into Vietnam. The reason for this request is the sudden increase in imported steel…
18
May
May
On March 26, 2024, the Prime Minister of Vietnam issued Official Letter No. 202/TTg-NN regarding the deployment of the implementation of Land Law No. 31/2024/QH15, urgently sending it to the Deputy Prime Minister, Ministers of various Ministries, Chairpersons of People’s Councils, People’s Committees of centrally-run provinces and cities. The Land Law of 2024 has undergone…
19
May
May
In response to the progress in artificial intelligence (AI), the European Union (EU) has initiated a groundbreaking measure with the introduction of the AI Act as the world’s comprehensive legislation governing AI usage. This pivotal regulation aims to promote innovation while ensuring the safe, transparent, and ethical deployment of AI technologies, marking a significant milestone…
20
May
May
In the dynamic landscape of global investment, Vietnam has emerged as an increasingly attractive destination for foreign investors seeking opportunities in Southeast Asia. With its robust economic growth, favorable business environment, and strategic location, the country offers a multitude of prospects across various sectors. Understanding the process of opening investment capital accounts is crucial for…
25
Mar
Mar
The draft Law on Value-Added Tax (amended) and the draft Decree guiding the detailed implementation of the Law on Value-Added Tax (amended) are currently under review by the Ministry of Finance. This draft proposes applying a 10% VAT tax to most exported services (except for some specifically regulated services). If Vietnamese exported services are subject…
26
Mar
Mar
Since the start of 2024, Brazil has conducted several anti-dumping investigations against products originating from China. It is anticipated that with Chinese businesses facing challenges in trading with the largest economy in Latin America, this will be a good opportunity for Vietnamese enterprises to replace them and establish long-term and sustainable cooperation with Brazil. The…
