vietnam

Vietnam: Some proposed changes to the VAT law

In late February, the Ministry of Finance released a proposal to revise the Value Added Tax (“VAT”) law and has sought public comments in this respect.

Vietnam: Potential Issues for Vietnamese Bondholders When Bond Issuer Are In Default

Bond issuers, who wish to recover the principal and coupons and to enforce their rights, could face significant legal issues. In this post, we will discuss some of these issues.

Vietnam: Role of Bondholders’ Representative under Vietnamese Law

A bondholders’ representative is defined in Decree 155/2020 as a depository member of the Vietnam Securities Depository or a fund management company which is appointed or selected to “represent” the bondholders’ interests. However, it is not clear whether the bondholders’ representative is a legal representative or an authorized representative of the bondholders.

Vietnam: New regulations on interest rates and trading of corporate bonds

In this update: 1) New regulations on refinancing interest rate, rediscounting interest rate, and interest rate of overnight lending, 2) Reducing short-term lending interest rates of credit institutions, foreign bank branches, 3) Regulating the offering and trading of corporate bonds.

Vietnam: Comments on Draft Vietnamese Land Law 2023

In recent months, the Government has published the draft Land Law 2023 and asked for public comments. In March 2023, Venture North Law submitted to the Ministry of Natural Resources and Environment our comments to the draft . The comments are contributed by Nguyen Quang Vu, Nguyen Bich Ngoc, Nguyen Hoang Duong and Ha Kieu Anh. 200 pages long.

Vietnam: Overview of international trademark registration

The registration for trademark protection in the market, especially the foreign market helps to protect the trademark’s owner and creates a basis for handling trademark infringement, limiting copying or negotiating a licensing agreement, franchise agreement or other agreements. This article will demonstrate some issues for trademark registration abroad.

Vietnam: Is it possible to settle the disputes related to IP rights by Commercial Arbitration in Vietnam?

Recently, international commercial arbitration tends to broadly accept the settlement of disputes related to intellectual property (“IP”) rights by Arbitration. However, in Vietnam, the regulations on the jurisdiction of Commercial Arbitration over the disputes related to IP rights are not clear.

Donation of an enterprise’s properties and notes under Vietnamese laws

Vietnam: Reducing land rental and water surface rental for subjects affected by the Covid-19 pandemic

Vietnam: Obligation to pay value-added tax when providing services abroad

The Tax Department of Hanoi City issued Official Letter No. 4423/CTHN-TTHT dated 09 February 2023 on the value-added tax obligations when implementing projects abroad. Accordingly, the Tax Department responded to the Official Letter re CK Engineering Vietnam Co having problems determining value-added tax obligations when implementing a project abroad with the specific comments, as discussed in this update.

Vietnam: Solutions for removing and promoting the real estate market’s safe, healthy and sustainable development

The Government issued Resolution No.33/NQ-CP dated 11 March 2023 on several solutions to remove difficulties and promote safe, healthy, sustainable development of the real estate market with some notable contents.

Vietnam: One-way money transfers from Vietnam to abroad, Circular 20/2022/TT-NHNN

The State Bank of Vietnam issued Circular No. 20/2022/TT-NHNN dated 30 December 2022 on guidelines for one-way money transfer from Vietnam to abroad and payment, money transfer for other current transactions of residents being organizations and individuals

Vietnam: Compensation by asset for employees working in dangerous, hazardous conditions

The Ministry of Labour – Invalids and Social Affairs (“MOLISA”) issued Circular No. 24/2022/TT-BLDTBXH dated 30 November 2022 regulating the compensation by asset for employees working in dangerous, hazardous conditions. The key provisions are discussed here.

Vietnam: Resolution No. 33/NQ-CP 2023 - Measures to Resolve and Promote Safe, Healthy, and Sustainable Real Estate Market Development

In March 2023, the Vietnamese Government issued Resolution No. 33/NQ-CP on some measures to remove barriers and promote the real estate market’s safe, healthy, and sustainable development.

Vietnam: The draft decree amending Decree 65/2022/NĐ-CP on private placement and trading of corporate bonds

Decree 65/2022/NĐ-CP has revealed its shortcomings in the current domestic and international bond markets. Therefore, on March 12th, 2023, the Ministry of Finance submitted a draft decree amending and supplementing Decree 65 including new policies to benefit investors and bond-issuing companies.

Vietnam: Derivatives investment by non-resident foreign investors through bond futures

Vietnam: What are the possible offenses relating to derivatives investment by non-resident foreign investors through bond futures transactions?

Vietnam: Practical notes on the procedure for converting a loan from an overseas parent company into contributed capital of the subsidiary

For a loan borrowed by a subsidiary in Vietnam from an overseas parent company, there are various options for repaying the loan. This article, BLawyers Vietnam summarizes the main regulations regarding converting the foreign loan into contributed capital.

Vietnam: Some proposed changes to the Special Sales Tax Law

In late February, the Ministry of Finance released a proposal to revise the Special Sales Tax (“SST”) law and is seeking public comments in this respect. The deadline for opinion contribution is 21 March 2023. The SST law amendment is proposed to be discussed and approved in the National Assembly meeting in October 2023.

Vietnam: Circular 13/2023 guiding the implementation of Decree 49/2022 on VAT

On 28 February, the Ministry of Finance released Circular 13/2023, which provides guidance on the implementation of Decree 49/2022. Circular 13/2023 takes effect from 14 April 2023.

New regulations on bank guarantees in Vietnam

On 30 September 2022, the State Bank of Vietnam (SBV) issued Circular 11 on bank guarantees (Circular 11/2022). Circular 11/2022 will replace Circular 7/2015 of the SBV dated 25 June 2015 (as amended) from 1 April 2023. This post will discuss some notable points of Circular 11/2022.