09 14 2021

On 10 September 2015, the Government issued Decree No. 76/2015/ND-CP (“Decree 76”) providing detailed regulations for implementation of the Law on Real Estate Business 2014 as amended on 17 June 2020 (the “LoREB”). After six years (2015-2021) of effectiveness, the implementation of Decree 76 has revealed several difficulties and obstacles requiring research, amendment, supplementation or replacement to accord with current situations.

08 13 2021

A controversy surrounds patent rights, particularly around much sought-after vaccines. Nguyen Thi Hong Anh, partner and head of the IP and Technology Practice Group at Indochine Counsel, provides a summary of the laws and regulations directed to compulsory licensing of patent rights in Vietnam.

08 05 2021

The Government has recently released Decree No. 23/2021/ND-CP dated 19 March 2021 providing detailed guidance for Articles 37.3 and 39 of the Employment Law No. 38/2013/QH13 dated 16 November 2013 in respect of employment service centers and enterprises (“Decree 23”), which took effect on 1 June 2021 and replaced Decree No. 52/2014/ND-CP dated 23 May 2014 (as amended in 2018) regulating conditions and procedures to issue employment service licenses (“ESL”) for employment service enterprises (“ESEs”) (“Decree 52”).

08 04 2021

Social networks (the “SN / SN(s)”) have for long been a part of many people’s daily routine, especially during quarantine period. Following up on the plan to establish a safe and healthy cyber environment, the Government of Vietnam (the “GOV”) has recently issued the second draft decree amending Decree No. 72/2013/ND-CP dated 15 July 2013, on the management, provision and use of internet services and cyber information (“Decree 72”) and Decree No. 27/2018/ND-CP dated 1 March 2018 amending Decree 72 (the “2nd Draft”). In comparison with the first draft previously released around April, 2020 (the “1st Draft”), the 2nd Draft added certain worth-noting provisions on SNs, electronic information sites / general electronic information sites, cross-border provision of information, etc.

08 02 2021

In the context of the Covid-19 pandemic’s renewed spread, several proposals for the temporary waiver of patent rights for inventions relating to Covid-19 vaccines have been made by a number of countries, including South Africa and India. This is so that poor and developing countries may more conveniently access the vaccine, and more effectively respond to the health challenges. Such proposal has been supported by the Directors of the WTO and the WHO, as well as Mr. Joe Biden, the President of the United States, but most countries in the European Union still strongly oppose such a waver based on the view that the temporary waiver of patent rights may reduce vaccine manufacturers’ profits and therefore, discourages technology innovation and creation.

07 31 2021

Collectors have gone crazy over non-fungible tokens, a blockchain-driven authentication technology increasingly used in crypto collectibles. But before you dive right in to buy the latest CryptoPunks card, Excel V. Dyquiangco notes that you might not be buying everything you think you are.

07 30 2021

A large chunk of online advertising in Vietnam is provided by cross-border advertising service providers such as Google and Facebook. The Law on Advertising No. 16/2012/QH13 dated 21 June 2012, as amended in 2018 (the “Advertising Law”), and its guiding Decree No. 181/2013/ND-CP dated 14 November 2013 (“Decree 181”) have until recently been the only regulations governing cross-border advertising activities in Vietnam. On 20 July 2021, the Government has promulgated Decree No. 70/2021/ND-CP on amendment and supplementation a number of articles of Decree 181 (“Decree 70”) to provide more up to date guidance for offshore service providers advertising in the cross-border mode, which is scheduled to take effect from 15 September 2021.

07 27 2021

On 7 July 2021 (the “Effective Date”), the Prime Minister issued Decision No. 23/2021/ND-CP to guide implementation of the policies to support employers and employees directly impacted by the Covid-19 pandemic (“Decision 23”). Decision 23 has specifically regulated the implementation of the policies as listed in Resolution 68.

07 09 2021

In recent years, franchising has been utilized by foreign investors for market entry and business expansion in Vietnam. As published by the Ministry of Industry and Trade of Vietnam (“MOIT”), as of 12 June 2020, there have been 262 foreign franchisors that have registered their franchise activities in Vietnam, including well-known and popular brands such as McDonalds, Baskin Robbins, NYS Collection Eyewear (US), Pizza Hut, Burger King (SG), Lotteria, BBQ Chicken (KR), Swensens (MY), Karren Millen, Coast London (UK), Bvlgari, Moschino, Rossi (IT), Wayne (SE), and Inglot (PL). The majority of inward franchises are in the form of a master franchise for F&B industry (restaurants, coffee and tea shops), retail, education, healthcare and beauty.

06 28 2021

On 1 June 2021, the Ministry of Finance issued Circular No. 40/2021/TT-BTC guiding value added tax (“VAT”), personal income tax (“PIT”) and tax administration for business households and individuals (“Circular 40”).

06 23 2021

No doubt intellectual property is an extremely important asset of business entities. Good strategies for the protection and enforcement of intellectual property rights (IPRs) for domestic and international markets can add immense value to such entities, which sometimes exceeds value acquired from development of products.

06 21 2021

Besides the positive effects that social networks bring to users in Vietnam such as promoting the rapid development of information and increasing community cohesion, there still exist negative effects such as taking advantage of social networks to spread misinformation or offensive content that is in violation of the moral standards, regulations of law in Vietnam. With the aim of promoting a healthy and civilized social network environment, the Ministry of Information and Communications (MIC) has recently issued a code of conduct on social networks (the “COC”), as attached to Decision No. 874/QD-BTTTT dated 17 June 2021 of the MIC. The COC came into effect on 17 June 2021.

06 17 2021

Amid growing coronavirus cases from the latest outbreak in the country, the Vietnamese government is taking measures to speed up the vaccine rollout for its population. The government has approved the establishment of a COVID-19 vaccine fund, which will receive, manage, and use voluntary financial and vaccine donations and assistance from domestic and foreign organisations and individuals, for vaccine procurement and import, research and production in Vietnam, and distribution of vaccines for the people.

06 10 2021

On 13 November 2020, the National Assembly issued Law No. 69/2020/QH14, regulating Vietnamese Guest Workers, which will come into effect on 1 January 2022 (the “2022 Law”). The 2022 Law will replace Law No. 72/2006/QH11 (the “2006 Law”). The law comes in light of arising issues such as Vietnamese workers working abroad in the context of the impact of the 4th Industrial Revolution and managing migration, international labor mobility, overseas employment development and protection of citizens' right to work. This Article will discuss the changes and impacts on Vietnam’s labor framework from the 2022 Law.

06 04 2021

Amid the growing Covid-19 cases from the fourth outbreak in the country, the Government of Vietnam is taking measures to speed up the vaccine rollout for its population. The Government has approved the establishment of a Covid-19 vaccine fund, which will receive, manage, and use voluntary financial and vaccine donations and assistance from domestic and foreign organisations and individuals, for COVID-19 vaccine procurement and import, research and production in Vietnam, and distribution of vaccines for the people.

05 21 2021

Regulations on IPR enforcement in Vietnam include the Law on Intellectual Property (the “IP Law”), Civil Code and Civil Proceedings Code, Criminal Code and Criminal Proceedings Code, Customs Law, Law on Handling Administrative Violations, and regulations guiding the implementation of those Laws. Accordingly, IPR infringements can be handled under administrative, civil and criminal statutes.

05 11 2021

On 26 March 2021 (the “Effective Date”), the Government issued Decree No. 30/2021/ND-CP (“Decree 30”), which took effect since then. In general, Decree 30 provides amendments and supplements several provisions of Decree No. 99/2015/ND-CP implementing the Law on Housing 2014. Accordingly, Decree 30 has significantly changed the development and implementation of residential projects. 

05 11 2021

The Government has recently released Decree No. 31/2021/ND-CP dated 26 March 2021, providing the detailed regulations and guidelines for implementation of a number of articles of Law No. 61/2020/QH14 on Investment (the “2020 Investment Law”), which came into effect on 26 March 2021 (“Decree 31”), and replaces Decree No. 118/2015/ND-CP dated 12 November 2015 (as amended) (“Decree 118”). Decree 31 provides for the guidelines for the investment activities in Vietnam.

04 13 2021

International trade has been severely impacted by the Covid-19 pandemic. Not only have consumer habits changed—through an increased use of e-commerce to purchase goods once bought in brick and mortar stores—but new medicines and vaccines require new capabilities in the logistics sector to be properly delivered and stored. The challenges presented by these changes are forcing the logistics sector to adapt. As for Vietnam, a market with nearly 100 million potential customers—60% of whom access the internet and all of whom will need the Covid-19 vaccine—the need for large scale logistics services continues to grow. Investment, specifically in logistics related real estate, will only serve as a profit center for foreign investors who understand the legal requirements to enter into the sector.

03 02 2021

On 31 December 2020, the Government issued Decree No.155/2020/ND-CP (“Decree 155”) elaborating the Law on Securities 2019, which came into effect on 1 January 2021. Most of the provisions in Decree 155 follow Decree No. 58/2012/ND-CP, Decree No. 60/2015/ND-CP, and Circular No. 162/2015/TT-BTC, though some provisions are revised and supplemented to constitute a stricter legal framework. This Special Alert will discuss the changes with significant impact to the securities market of Vietnam.

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