News

EASIER ENTRY INTO VIETNAM FOR FOREIGNERS AND OVERSEAS VIETNAMESE

After almost 2 years of limited access, it will become easier for foreigners with a business visa, visa exemption, temporary or permanent residence cards, overseas Vietnamese and their family members to enter Vietnam. Tourists are expected to be able to come to Vietnam later this year without having to join an organised tour.

20 Jan 2022

NEW RESOLUTION ON SUPPORTING BUSINESSES DURING THE COVID-19 EPIDEMIC

In Resolution 105, the Government sets out a plan to get the economy back on its feet while keeping the public safe. It gives specific instructions to various ministries on production, the supply chain, work permits, vaccination passports, and financial support to companies.

13 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.

31 Jul 2021

DRAFT DECISION ON SPECIAL INVESTMENT INCENTIVES

To attract more foreign investment focusing on quality, efficiency, technology application, environment protection and that apply high technology, create added value, and connect global chains of production and supply a draft decision has been issued. It contains special incentives related to exemption or reduced applicable CIT rate.

30 Jul 2021

VIETNAM AS A CHINA+1 MID/TECH DESTINATION

Why do manufacturers choose Vietnam as their second production market after China? Watch the webinar if you would like to learn more about doing business in Vietnam.

24 Jun 2021

ADMINISTRATIVE VIOLATIONS INVOLVING CULTURAL AND ADVERTISING ACTIVITIES

Decree 38 provides a better scope defining to which entities it applies. It also introduces several more severe penalties for violations related to advertising for certain products, in particular drugs, cosmetics, medical equipment, fertiliser, or healthcare services. Additional penalties, such as revocation of a licence, are introduced as well.

31 May 2021

DRAFT POWER DEVELOPMENT PLANNING 8 OF VIETNAM

The draft PDP8 prioritises renewable energy development and intends to create a more incentivised regulatory framework to boost private-sector investments to connect individual power plants with the national transmission grid. It also lays out significant opportunities for the development of LNG-to-power.

26 May 2021

HIGHLIGHTS OF UNITED KINGDOM-VIETNAM FREE TRADE AGREEMENT

After Brexit the UK negotiated an FTA with the Vietnamese government to be able to enjoy similiar or better trade conditions as it would have had under the EVFTA. In this update you can read some notable points. The UKVFTA will enter into force on 1 May 2021.