News

DRAFT DECREE IMPLEMENTING THE LAW ON ENVIRONMENTAL PROTECTION

The draft decree provides details on the environmental permits, it sets out environmental criteria for investment project classification and requires organisations or individuals to obtain a liability insurance in specific sectors and industries. Finally, incentives and supporting policies in environmental protection are included.

20 Sep 2021

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DRAFT DECREE INTRODUCING MORE REQUIREMENTS FOR MULTI-LEVEL MARKETING

To manage multi-level marketing better a decree is drafted to amend Decree 40. Requirements are introduced to limit fraud and close loopholes. Also, experience will be required prior to investing in Vietnam. Finally, transparency will be improved.

23 Sep 2021

HANOI’S NEW PREVENTION MEASURES TO RESUME BUSINESS OPERATION

Hanoi has issued a plan to reopen businesses while keeping its citizens safe. Specific activities will be allowed under certain conditions. Gatherings of groups larger than 10 or 20 are prohibited depending on where they meet. Business can allow 50% of the staff to work in the office and the rest needs to work from home. It applies as of 21 September.

21 Sep 2021

PLAN TO RESUME BUSINESS OPERATIONS IN LONG AN PROVINE

Long An Province issued a plan to resume business operations. It contains information on the requirements for companies and employees for companies to resume operations. The authorities intend to have a 2 phase reopening, but the plan only contains details for the first phase from 16/9 to 15/10, not yet for 15/10 onwards.

19 Sep 2021

PLAN TO RESUME BUSINESS OPERATIONS IN INDUSTRIAL ZONES IN BINH DUONG

Binh Duong has issued a plan to resume business operations in the industrial zones. It sets out the obligations for companies and employees. The plan is split in 2 phases and distinguishes between companies that have stopped operations and those that have continued.

19 Sep 2021

HCMC’S COVID-19 PANDEMIC’S PREVENTION MEASURES FROM 16-30 SEPTEMBER 2021

The current COVID-19 situation in HCMC makes that the authorities remain cautious. Only in areas where the pandemic is under control a more relaxing regime will apply. Citizens can go out to shop for groceries once a week and more business activities are allowed. Other services such as inter-district deliveries, food delivery and postal services will be possible again too in the whole city.

18 Sep 2021

PROPOSED PLAN TO RESUME BUSINESS OPERATIONS IN HO CHI MINH CITY

The HCMC authorities have prepared a plan to reopen the economy in the city. It consists of 3 phases which will be rolled out depending on the developments. It includes support for businesses and criteria under which companies and citizens can resume a more normal life.

16 Sep 2021

DIRECT POWER PURCHASE AGREEMENT PILOT PROGRAM IN VIETNAM

The Electricity Regulatory Authority under MOIT is currently finalising the Draft Circular, which is expected to be officially issued by the end of 2021. Due to its high relevance for the economics of renewable energy investments in Vietnam, the DPPA pilot program has attracted widespread interest from consumers and power developers. This legal update examines the most important takeaways from the draft circular.

08 Sep 2021

NEW REGULATIONS ON CROSS-BORDER ADVERTISING SERVICES

Many organisations and individuals in Vietnam use cross-border advertising services provided by various foreign providers such as Facebook, Google, Tik Tok. Decree 70 stipulates that entities engaging in those services must comply with cybersecurity and IP regulations, regulations on management, provision, and use of internet services, and pay tax.

30 Aug 2021

DRAFT DECREE GUIDING EXTENDED PRODUCER RESPONSIBILITY

The extended producers’ responsibility or ‘polluter pays principle’ is expected to impact manufacturers and importers active in Vietnam by imposing various financial and administrative burdens. It applies to both recyclable products and packaging and waste treatment. It likely will apply as of 1 January 2023.

30 Aug 2021

THE CORPORATE BONDS MARKET IN VIETNAM – RELEVANT LEGAL ISSUES

Corporate bonds have long been a valuable source of financing for businesses and a traditional investment asset for investors worldwide, mainly used real estate, securities, banking, and infrastructure development. In this update you can read about the type of bonds available in Vietnam, how bonds are offered and who can offer them.

30 Aug 2021

FORCE MAJEURE OR CHANGE OF CIRCUMSTANCES?

Recently, the authorities in key manufacturing hubs in the South of Vietnam, have issued orders requiring manufacturers to either create a production bubble or stop production until further notice. Is this force majeure or a change of circumstances?

31 Jul 2021

GOVERNMENTAL SUPPORT PACKAGES FOR EMPLOYERS AND EMPLOYEES

Resolution 68/NQ-CP of 1 July 2021 and Decision 23/2021/QD-TTg of 7 July 2021 introduce 12 support packages for employees and employers seriously affected by the COVID-19 pandemic. This update sets out the ones, enterprises might be most interested in. Qualification is subject to conditions set out in these documents.