Legal Updates & Publications

Vietnam’s construction industry is billeted as among the best performing in the Asia-Pacific region, with growth expected to continue throughout the decade

After the first issuance of the Draft Decree on Personal Data Protection (the Draft DPDP), the Ministry of Public Security published the second Draft DPDP (which is currently the latest version made available to the public) on 9 February 2021 for further public consultation. Despite specifically setting out 1 December 2021 as the effective date, the Draft DPDP is still under the process of drafting and the date of promulgation is still thus unclear.

Cryptocurrency has been widely accepted to be any form of currency that exists digitally or virtually and uses cryptography to secure various transactions including but not limited to money remittances and gaming prizes

Whilst the Law on Cybersecurity came into effect as from 1 January 2019 (Law on Cybersecurity), it has taken more than three years to finalise the implementing decree after numerous drafts for opinions and consideration by the relevant State authorities and stakeholders

On 25 May 2018, the European Union’s (EU) General Data Protection Regulation (GDPR) became enforceable, which was touted to be the “toughest privacy and security law in the world” and is considered as the benchmark for personal data protection regulation all over the world imposing data protection obligations on organisations (regardless of location, whether in the EU or outside the EU), so long as they collect data or target data relating to data subjects in the EU (regardless of citizenship).

We are pleased to provide our latest update on Taxation relating to Cross-Border Mergers and Acquisitions, which has been prepared by our Head of Tax – Phan Xuan Qui.

Despite the fact that Vietnam law recognises electronic transactions, documents, and signatures, DocuSign is not regarded as being an acceptable method of document execution in Vietnam and the traditional execution method continues to be almost universally insisted upon by contracting parties and their professional advisors alike.

Proposed new Decree on the management, provision and use of Internet services and cyber-information in Vietnam

Currently, the Vietnamese Government is embarking upon a major amendment exercise of the Intellectual Property Law (the Third Revision) which is expected to become law sometime in 2022 or the beginning of 2023.

LNG-to-power (using liquified natural gas for electricity production) is gaining great attention in Vietnam among policy makers and investors

The insurance industry in Vietnam has been developing rapidly in the last few years. More and more business and individuals have seen the benefits of insurance products in enhancing the protection over their property and quality of life.

Various court judgments in Vietnam published in the past couple of years had placed enforceability of foreign arbitral awards in Vietnam in a precarious situation.

Prior to 1 January 2021 when the Law No. 64/2020/QH14 on Public-Private Partnership Investment (the PPP Law) came into effect, Public Private Partnership (PPP) 

On 19 March 2021, the Government issued Decree No. 21/2021/ND-CP on the implementation of the Civil Code relating to security for performance of obligations, which will come into effect on 15 May 2021 (the New Decree), replacing Decree No. 163/2006/ND-CP dated 29 December 2006 on secured transactions as amended by Decree No. 11/2012/ND-CP dated 22 February 2012 (the Old Decree). This Legal Update discusses a number of noteworthy points of the New Decree.

Our Legal Update on the new Law on Securities in Vietnam is now available. Please click on the link below to read this Legal Update.