Earlier this month (7 August), the MIC released and called for public consultation on the draft decree amending and supplementing several provisions of Decree No. 25/2011/ND-CP guiding the implementation of the Law on Telecommunications (“Draft Decree”). The deadline for contribution to this consultation is 7 October 2021.
The Vietnam Competition and Consumer Authority recently published an article explaining in detail the fundamental issues regarding agreements on price fixing, how such issue is addressed in other jurisdictions with developed antitrust regulations, and how it should be viewed within the context of Vietnam’s Competition Law No. 23/2018/QH14.
On 20 July 2021, the Government issued Decree No. 70/2021/ND-CP amending certain articles of Decree No. 181/2013/ND-CP implementing the Advertising Law. In line with previous drafts, Decree No. 70 focuses on regulating cross-border advertising activities and revises the three main articles, Articles 13, 14 and 15, of Decree No. 181 accordingly. The amended Decree No. 181 will take effect on 15 September 2021.
On 20 July 2021, the Government issued Decree No. 70/2021/ND-CP (“Decree No. 70”) amending certain articles of Decree No. 181/2013/ND-CP implementing the Advertising Law (“Decree No. 181”). In line with previous drafts, Decree No. 70 focuses on regulating cross-border advertising activities and revises the three main articles, Articles 13, 14 and 15, of Decree No. 181 accordingly. The amended Decree No. 181 will take effect on 15 September 2021.
The Ministry of Planning and Investment has recently released the draft Decision to be issued by the Prime Minister governing the Special Investment Incentives for seeking public comments.
The Ministry of Natural Resources and Environment (MONRE) released a draft decree implementing Law No. 72/2020/QH14 on Environmental Protection, which introduces Extended Producer Responsibility. Alongside the introduction of a framework for the recycling of packaging waste, the Draft Decree also proposes a mandatory recycling framework for products.
On 4 August 2021, the Ministry of Health (MOH) issued Official Letter No. 6288/BYT-MT on shortening the period of centralized quarantine for people who have received sufficient doses of COVID-19 vaccine (“Official Letter No. 6288”).
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 and manufacturing, energy production, agricultural production and distribution, and corporate investment.
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).
The UK-Vietnam Free Trade Agreement entered into force as a replacement for the Vietnam-EU Free Trade Agreement due to Brexit, to leverage Vietnam-UK trade relations. To implement preferential tariff treatment under the UKVFTA, the Ministry of Industry and Trade issued Circular No. 02/2021/TT-BCT that will regulate the origin issues and take effect on 27 June 2021.