On 26 March 2021, the government issued Decree No. 31/2021/ND-CP (“Decree No. 31”) guiding the implementation of the Investment Law 2020. The decree took effect on the same date. With nine chapters and 132 articles, Decree No. 31 provides detailed guidance on the implementation of the Investment Law (which took effect on 1 January 2021).
This report, the fourth in our Asia Pacific Business Renewal Series, explores how businesses are now fortifying their ESG efforts and pivoting from strategy to action.
The Ministry of Information and Communications (MIC) recently released a draft decree on electronic identification and electronic authentication (“Draft Decree”) as part of the development of the e-government initiative.
On 31 December 2020, the Government issued Decree No. 155/2020/ND-CP (“Decree No. 155”) implementing Securities Law No. 54/2019/QH14 (“Securities Law”). Decree No. 155 provides detailed guidance on the Securities Law, with changes made to the regulations on tender offer, foreign ownership limits, corporate governance and public company disclosure obligations — all of which could have an impact on public M&A transactions.
This report, the first of four in our Asia Pacific Business Renewal Series, will delve into how businesses view rising protectionism, regulatory scrutiny and foreign investment restrictions, and how these views are directly impacting their supply chain strategies.
Regulators continue to review economic concentration notifications
Vietnam issues draft Decree on the management of costs incurred in competition procedures
Regulators continue to review economic concentration notifications
Vietnam issues draft Decree on the management of costs incurred in competition procedures
In Q1 2021, the Ministry of Industry and Trade (MOIT) cleared 11 economic concentration notifications, most of which were acquisitions. The Ministry of Finance issues a draft Decree regulating the management, use and settlement of expenses relating to several competition proceedings.
In brief The Ministry of Health (“MOH”) has published a draft circular dated December 2020, proposing the publication of lists of substances whose usage is banned in the production and trading of health supplements (“Draft Circular”). This Draft Circular is expected to come into effect in 2021, with no indication…
Vietnam is projected to be the only ASEAN economy to report growth following the emergence of the global COVID-19 pandemic. With the ratification of the CPTPP, EVFTA, and entering into RCEP, coupled with the fallout from regional trade tensions, the country is poised as the next regional hub for logistics…
Following the issuance of the first version of the Draft Decree on Personal Data Protection (“Draft Decree”) in 2019, on 9 February 2021, the Ministry of Public Security (MPS) released the second version to collect public opinions until 9 April 2021.
This updated draft has a more robust set of rules regulating specific rights of data subjects, cross-border transfer of data, and processing of sensitive personal data. Noncompliance may subject stakeholders to temporary suspension of operation, and/or revocation of permission for cross-border data transfer in addition to monetary fines.