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Thu Minh Le

Thu Minh Le is an Associate in Baker McKenzie, Ho Chi Minh City office.

Under Vietnam’s current regulations on electronic games, foreign service providers of online electronic games must establish local enterprises to provide their services in Vietnam. The Schedule of Specific Commitments in Services of the Working Party on the WTO Accession of Vietnam (“Vietnam’s WTO Commitments”) only allows foreign investors to own up to 49% of the charter capital of such game companies. The commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) further allow foreign investors from member countries of the CPTPP to own up to 51% of the charter capital in game companies from 2019. However, from 14 January 2024, foreign investors from CPTPP member countries may own up to 100% of the charter capital in game companies in Vietnam.

On 31 May 2023, Vietnam’s Ministry of Information and Communication (MIC) issued Circular No. 04/2023/TT-BTTTT on the list of potentially unsafe goods under the management of the MIC. The new Circular will take effect on 15 July 2023, replacing the current Circular No. 2/2022/TT-BTTTT, dated 16 May 2022.

On 21 March 2023, the Authority of Broadcasting and Electronic Information (ABEI) under the Ministry of Information and Communications released a white list specifying local service providers whose online websites and/or social networks are verified and suitable for online advertisements (“White List”). This is part of ABEI’s initiative to encourage brands and advertisers to prioritize displaying advertisements on non-violating websites.