The government recently issued Decree No. 18/2021/ND-CP (“Decree No. 18”), amending a number of provisions under Decree No. 134/2016/ND-CP and elaborating on the Law on Export and Import Duties. The new decree comes into force on 25 April 2021.
In brief On 11 May 2020, the Trade Remedy Authority (TRA) of the Ministry of Industry and Trade…
The government recently issued Decree No. 18/2021/ND-CP (“Decree No. 18”), amending a number of provisions under Decree No. 134/2016/ND-CP and elaborating on the Law on Export and Import Duties. The new decree comes into force on 25 April 2021.
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.
Read publication In this regional update, we provide you with a practical overview of the most notable antitrust…
In brief Recently, the Vietnamese authorities have heightened scrutiny over compliance in the medical device industry, especially in relation to device prices and public tenders. This enforcement trend can impact authorities, state-owned hospitals in the public sector, as well as bidders, suppliers, importers, and manufacturers of international brand medical devices…
In brief The Ministry of Health (“MOH”) has published a draft circular dated December 2020, proposing the publication…
On 9 March 2021, the Prime Minister issued Decision No. 316/QD-TTg, which takes immediate effect, to allow a pilot program for mobile money service (MMS), under which telecommunication accounts can be used to make payment for small value transactions. The pilot program will run for two years from the first enterprise being approved to pilot the MMS, and the result of the pilot program will be used by regulators to design concrete legislation.
The MMS pilot program is designed to encourage financial inclusion and promote a cashless society, and rural, mountainous and remote areas will be prioritized for implementation. MMS can only be provided for payment of legal domestic transactions in Vietnamese dong, and payment for goods and services provided on a cross-border basis is not allowed.
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…