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Category: Legal Update

New Decree on Corporate Bonds

Posted on Sep 26, 2022 in Legal Update by

Written by Duyen Ha Vo, Tung Nguyen, and Nghiem Nguyen The Government of Vietnam has promulgated Decree 65/2022/ND-CP (“Decree 65”) to amend and supplement certain articles of Decree 153/2020/ND-CP on corporate bonds (“Decree 153”).  Decree 65 took effect on 16 September 2022. Taking a slightly different approach from an earlier draft version, Decree 65 does not increase the statutory conditions for issuing bonds.  Instead, Decree 65 focuses on tightening the eligibility for natural persons to […]

New Decree Governing Data Localization Requirements

Posted on Aug 24, 2022 in Legal Update by

The Government has promulgated Decree 53/2022/ND-CP to implement certain articles of the Cybersecurity Law (“Decree 53”), which will take effect on 1 October 2022. Decree 53 imposes certain data localization requirements in relation to businesses with operation in Vietnam. Download the full details of Decree 53 here.

Overview of Litigation Laws and Regulations in Vietnam

Posted on Jul 5, 2022 in Legal Update by

Partner Tung Ngo and Associate Thuc Tran shared their expertise on Vietnam’s Litigation laws and regulations. Methods of resolving commercial disputes, procedural rules governing commercial litigation, structure and organisation of local courts, and interim remedies available are just a few topics that were discussed in this article. What are the main methods of resolving commercial disputes? Civil disputes are mainly resolved via litigation in Vietnamese courts. Commercial disputes can be settled either via litigation or […]

Vietnam may consider nuclear energy as long-runner to ensure its energy security with a net-zero mission

Posted on Jun 28, 2022 in Legal Update by

by Vaibhav Saxena, Foreign Counsel Vietnam is seeming to re-consider its nuclear plans for civil purposes in order to ensure its energy security and support its ambitions to emerge as an alternative global supply chain leader in the region. For the next 5-10 years, the country’s primary focal point remains renewables, LNG-to-power sources and smart grid, storage capacities, etc. Nuclear, on the other hand, recently witnessed the limelight with a futuristic approach to strengthen a […]

In Brief: Securitisation Transactions in Vietnam

Posted on May 24, 2022 in Legal Update by

Partner Hung Q. Nguyen shared his expertise with Lexology regarding securitisation transactions in Vietnam covering SPV and its forms, governing law, registration, and more. SPV forms Which forms can special purpose vehicles take in a securitisation transaction? In Vietnam, the SPV acts as an asset management, acquisition and debt restructuring enterprise. To carry out debt acquisition, it is necessary to establish an enterprise. Vietnamese issuance vehicles can either take the legal form of a stock […]