NEWS

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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

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.