Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 57/2025 (“Decree 57”) with effect from March 03, 2025, guiding the Law on Electricity 2024, and regulating direct electricity purchase and sale mechanism between renewable energy generators and large electricity users (“DPPA”). Renewable Energy (RE) Generation Units Solar, wind, ocean (including tides, ocean waves and currents), geothermal, hydro, biomass, waste-to-energy… Electricity Traders – National Grid Grid-connected solar, wind […]
Category: Legal Update
Key Reforms to Vietnam’s Pharmaceutical Sector: The New Law Amending the Law on Pharmaceuticals 2016
Posted on Mar 8, 2025 in Legal Update by VILAF
Written by Partner Ngoc Luong Trinh and Associate Truc Ta On 21 November 2024, the National Assembly officially passed Law No. 44/2024/QH15, amending and supplementing certain provisions of the Law on Pharmaceuticals 2016 (“2024 Law Amendment”). The 2024 Law Amendment is a key step in modernizing Vietnam’s pharmaceutical regulations. The 2024 Law Amendment addresses critical limitations in the existing regulations to better align Vietnam’s pharmaceutical sector with global standards. The law focuses on enhancing the […]
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena Government of Vietnam issued Decree No. 58/2025 (“Decree 58”) with effect from March 03, 2025, guiding the Law on Electricity 2024 on areas related to development of renewable energy (RE) and new energy (NE) electricity sources. Key Defined Terms Surplus electricity seller: means an organization or individual owning the self-produced/self-consumed power source or the one taking over rights and obligations of the primary. Buyer […]
Legal Bulletin: March 2025
Posted on Mar 7, 2025 in Legal Update by VILAF
1. Law on Geology and Minerals The National Assembly passed the Law No. 54/2024/QH15 on Geology and Minerals (“GML 2024”) dated 29 November 2024. The GML 2024 takes effect from 1 July 2025 (except for some provisions which took effect from 15 January 2025) and replaces the Law on Minerals 2010, as amended. Below are some key points of the GML 2024. Classification of minerals The GML 2024 classifies minerals into four groups. Group I […]
Vietnam’s Government Restructuring: What It Means for Foreign Investors
Posted on Mar 6, 2025 in Legal Update by VILAF
Vietnam is undergoing a government restructuring aimed at enhancing efficiency, improving governance, and aligning policies with its long-term economic goals. For foreign investors, these changes could lead to faster approvals, greater transparency, and a more business-friendly regulatory environment, but also some short-term uncertainties. A Leaner, More Efficient Government One key focus of restructuring is streamlining ministries and agencies to reduce bureaucracy and overlapping responsibilities. As part of this initiative, the number of ministries has been […]