News

NEW LAW ON HOUSING IN VIETNAM

In the latest edition of our newsletter, read about the new Law on Housing (effective from January 1, 2025) which is expected to create many favorable conditions for apartment owners and mini apartments. Among other things, this new law introduces stricter conditions for investors of commercial housing projects, as well as regulations on removing residency conditions for social housing buyers to move and attract labor between regions and localities and to suit the practical situation in each period.

OVERCOME TECHNICAL BARRIERS TO EXPORT FOOD&AGRI PRODUCTS TO THE EU

It is expected that the EVFTA will be signed soon. Marieke van der Pijl, BD Manager at ACSV Legal gave a presentation on the impact of the EVFTA.

15 Aug 2018

DECREE 63 ON INVESTING THROUGH PUBLIC-PRIVATE PARTNERSHIPS

The new decree will bolster Vietnam’s PPP framework through simplified administrative procedures, increased transparency in investment projects, and strengthened decentralisation. It will minimise difficulties and promote the PPP form of investment in Vietnam.

14 Aug 2018

DECREE 27 ON THE USE OF INTERNET SERVICES AND ONLINE INFORMATION

Decree 27 on the use of internet services and online information intends to create an investment environment that will increase online activities ranging from online gaming, social networks and website creation. At the same time, it will regulate the management of social network sites.

13 Aug 2018

CPTPP ADDING LEGAL LAYERS TO FOREIGN INVESTMENT PROTECTION

The CPTPP provides a strong, rules-based framework through which to grow investment relations with key Asia-Pacific economies. Quan Phan, senior associate of ACSV Legal Vietnam, outlines how the CPTPP benefits investors, and the terms and conditions to ensure that investment procedures will be easier and more transparent for foreign investors.

24 Jul 2018

DECREE 81 ON TRADE PROMOTIONS

Decree 81 provides guidance on the Commercial Law regarding trade promotion activities. It is expected to create a more efficient trade environment with simpler procedures and more detailed regulations on commercial promotions.

19 Jul 2018

ENFORCEMENT OF NON-COMPETE CLAUSE

Recently the People’s Court has judged that an arbitral award related to a non-compete clause for an employee was correct. It is one of the first times in Vietnam in which the enforcement of a non-compete clause was upheld. Even though it is not a legally binding precedent, it is still an important judgement.

18 Jul 2018

DECREE 51 ALLOWS FOREIGN INVESTMENT IN COMMODITY EXCHANGE IN VIETNAM

Decree 51 allows foreign investment in the establishment of a commodity exchange in Vietnam, and foreigners can now trade on the commodity exchange, or become a broker or trader. It will also make trading in commodities such as coffee and pepper easier for Vietnamese farmers.

22 Jun 2018

CIRCULAR 10 ON REQUIREMENTS FOR FITNESS AND GYM FACILITIES, AND TRAINERS

Circular 10 sets out requirements for the facility of gym and fitness centres, and personal trainers.

21 Jun 2018

DECREE 40 AND CIRCULAR 10 ON MULTI-LEVEL MARKETING

There have been issues, such as unfairness towards the customers, failure to fulfil tax obligations, and the sale of low-quality products, with MLM companies in Vietnam. Decree 40 intends to address these issues and provide a better legal framework for companies using MLM as well as create transparency.

29 May 2018

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HOW WILL THE NEW PENAL CODE IMPACT YOUR BUSINESS?

Marieke van der Pijl, Business Development Manager at ACSV Legal, highlighted some of the impacts the new Penal Code can have on businesses and legal representatives on 19 June 2018 at a breakfast seminar of the Dutch Business Association Vietnam.

27 May 2018

DRAFT DECREES AMENDING DECREE 5/2015 AND 95/2013 RELATED TO LABOUR CODE

The 2 Draft Decrees provide changes on calculation of the severance allowance, disciplinary proceedings, disciplinary measures, and higher fines in case of administrative violations.

24 May 2018

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PRIVATE EQUITY SURVEY 2018 - HKBAV+BBGV EVENT

Vietnam has been chosen to be the most-attractive destination for Private Equity investment among other economies in Southeast Asia. What are the expectations and challenges faced by Private Equity investors in 2018? In June 2018 Ms Nhung (Grant Thornton) presented highlights of the PE Survey 2018 and Mark Oakley, Managing Partner of ACSV Legal, talked about issues related to structuring a PE deal in Vietnam.