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The Legal 500 Private Equity Country Comparative Guide 2022
ACSV Legal contributed to the Legal 500 Country Comparative Guides 2022, Vietnam chapter on Private Equity. Read the latest update on laws and regulations related to Private Equity in Vietnam.

TAKING SECURITY IN VIETNAM: THE HOW, THE WHO AND THE WHAT
This update outlines the legal framework for taking out security in Vietnam. It examines the most used contractual structures, security assets, and typical enforceability issues when setting up a credit facility with a Vietnamese borrower. It also provides a high-level summary of the security vehicles available under Vietnamese law and touches on the most important structures and prevalent legal issues when taking out security in Vietnam.

DRAFT DECREE ON ADMINISTRATIVE PENALTIES FOR CYBERSECURITY VIOLATIONS
In this Draft Decree administrative penalties for cybersecurity violations are set out. It will likely enter into force early 2022 and together with the draft decree on personal data protection it will form the cybersecurity regime in Vietnam and is influenced by the European Union's General Data Protection Regulation.

VIETNAMESE PHARMACEUTICAL MARKET WEBINAR
Vietnamese pharmaceutical sector has grown significantly over the last decade thanks to positive regulatory changes and rising domestic demand. Watch the Vietnamese Pharmaceutical Market Webinar, a part of BritCham Vietnam's Sector-focused Webinar Series, where we discuss opportunities and challenges within the imported pharmaceutical market in Vietnam.

03 Dec 2021

GUIDANCE ON FOREIGN INVESTMENT ACTIVITIES ON VIETNAM'S SECURITIES MARKET
This new regulation provides guidance on the obligations of organisations and individuals engaged in foreign investment activities in the Vietnamese securities market. Circular 51 came into effect on 16 August 2021, replacing Circular 123/2015/TT-BTC (Circular 123). In this legal update, we will discuss the highlights and takeaways from Circular 51.

DECREE 80 ON SUPPORT FOR SMALL AND MEDIUM-SIZED ENTERPRISES
Decree 80 provides more support to women-owned SMEs or SMEs with a high percentage of female employees and social SMEs. New is also that technology and consulting support can be obtained and specific SMEs can qualify for special interest rates.

27 Oct 2021

GRADUAL RE-OPENING AND SOCIO-ECONOMIC DEVELOPMENT OF HCMC
Directive 18 provides information on which businesses can open and which not yet and under which conditions. It also prescribes the obligation to use QR codes for movement and proof of vaccination. Step-by-step more businesses can open again which will help to recover HCMC's economy.

12 Oct 2021

LATEST DRAFT INSURANCE BUSINESS LAW MORE IN LINE WITH PREVALENT VIETNAMESE LAWS
The law will also cover insurers, reinsurers and insurance brokers practising insurance auxiliary services and other activities directly related to the insurance business. Insurance services and products can be offered and promoted online. Finally, it simplifies some investment and establishment conditions.

01 Oct 2021

EVALUATION CRITERIA FOR SAFE BUSINESS OPERATIONS IN HO CHI MINH CITY
The authorities of HCMC have decided on criteria that will apply to businesses and people when the city will open up on 1 October. Companies are required to keep their staff safe. Offices and businesses need to meet certain requirements to be able to operate again.

29 Sep 2021

GOVERNMENT'S RESOLUTION 116 TO SUPPORT EMPLOYERS AND EMPLOYEES
In light of difficulties caused by the 4th wave of COVID-19 the government issued Resolution 116 with financial support packages for employees and employers. Certain conditions need to be met in order to qualify for this support.

29 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

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