NEWS

In this new edition, you can read an update on the key legal aspects of LNG-to-power. We also provide you with some other news and regulations which we thought might be of interest. Finally, we would like to wish you a Happy 2021.

In this new edition, you can read about the changes that the recently approved Law on Enterprises and Law on Investment will mean for you and your business. You can also find information on the first-time ever webinar in Vietnam on third-party funding that ACSV Legal is organising with the DBAV and which is co-hosted by the SCLVN. We also provide you with some other news and regulations which we thought might be of interest.

Decree 18 adds conditions for enterprises owned by foreign investors or foreign-invested economic organisations. They need to meet these when registering a multi-level marketing (MLM) business. All foreign investors or foreign-invested business organisations being the owners or shareholders of the FIE registering an MLM business need to have operated an MLM business for at least three years continuously.

Decree 10 is expected to have a positive impact on the land market in Vietnam and was issued to resolve several existing land-related problems pending the expected promulgation of a new Law on Land later this year.

The draft amended Law on E-Transactions was first released on 4 May 2022 by the Ministry of Information and Communication (the MIC). The new law is expected to update and refine the existing legal framework to keep pace with the potential ramifications of the rapidly evolving landscape of e-commerce and digital technology.

The Ministry of Natural Resources and Environment recently released the second Draft of the Law on Land (Second Draft) to replace the first Draft of the Law on Land (First Draft). This update highlights some significant points of the Second Draft in comparison with the First Draft.

ACSV Legal contributed to the Legal 500 Country Comparative Guides 2023, Vietnam chapter on Private Equity. Read the latest information on Law & Practice and Trends & Development of the Vietnamese private equity landscape in 2023.

Vietnam’s national power development planning for the period of 2021-2030, with a vision to 2050 has finally been approved. In the update you can read about its objectives as well as the impact it will have on the various energy sources, such as wind power, solar power, LNG-to-Power, coal-fired power, and hydropower.

In this new edition, you can read about the new regulation of Vietnamese tax law, a new update introduces support packages for employees and employers seriously affected by the COVID-19 pandemic and the draft decision on special investment incentives. We provide you also with some other news and regulations which we thought might be of interest. Last but not least, you can find our latest contribution to Chambers and Partners' Doing Business in Vietnam 2021 guide.

In this new edition, you can read about the supporting documents that have been iussed in light of the entry into force of the EVFTA and an update on issues to consider in light of a distressed M&A in Vietnam. We also provide you with some other news and regulations which we thought might be of interest.

In this new edition, you can read an update on wind power development in Vietnam and what would be needed to meet energy demands in the future, and about court-annexed mediation, a new method of dispute resolution that will be available as of 1 January 2021. We also provide you with some other news and regulations which we thought might be of interest.

In this new edition, you can read an update on the draft decrees to implement the recently approved Laws on Investment and Enterprises. These are expected to enter into foce on 1 January 2021. We also provide you with some other news and regulations which we thought might be of interest.