From 15 January 2024 foreign investors from Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) members seeking to establish retail outlets will no longer be required to comply with the Economic Need Test (ENT). This will provide an important competitive advantage for CPTPP member investors operating in Vietnam.
To enforce (i) Decree 53 guiding the Cybersecurity Law and (ii) the Personal Data Protection Decree (i.e., Decree 13), the Ministry of Public Security has been working on a draft Cybersecurity Administrative Sanctions Decree.
Baker McKenzie’s Asia Pacific Employers’ Forum took place in Singapore on Thursday, 27 April 2023. You can access a number of related resources relating to employment issues and trends.
In March 2023, the government issued a draft of the Revised Law on Social Insurance for public comments. The Draft Law will be available for public comments until 30 April 2023. The Draft Law presents a number of notable changes to the currently applicable regulations that may bring about a significant impact if they are eventually approved in the final version of the Draft Law.
The long-awaited Decree on Personal Data Protection has finally been issued as Decree No. 13/2023/ND-CP.
On 29 March 2023, Deputy Prime Minister Tran Luu Quang signed Decision No. 319/QD-TTg, which approved the Anti-Counterfeiting and Consumer Protection in e-commerce by 2025 Plan. The Plan is set to increase anti-counterfeiting and consumer protection initiatives, build consumer confidence in online purchasing, and encourage transparent and healthy e-commerce activities in general.
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.
At its 21st session (from 15 March to 20 March 2023), the National Assembly Standing Committee of Vietnam (NASC) considered and gave remarks on a number of essential draft legislation to be passed this year.
The public consultation round for the draft Law on Citizen Identification has recently ended. Among other objectives, the Draft Law aims at supplementing and integrating more citizen data into the National Database on Population so that Citizen ID Cards and the National e-Identification Application can be utilized more in both public services and private transactions, gradually cutting red tape.
On 9 January 2023, the National Assembly of Vietnam issued Law No. 15/2023/QH15 on Medical Examination and Treatment, which sets out a significant number of new regulations on healthcare and medical activities. The New Law will take effect on 1 January 2024, replacing the current Law No. 40/2009/QH12 on Medical Examination and Treatment dated 23 November 2009.