Knowledge Center

1. Reduction of land rentals in 2023 The Prime Minister issued Decision 25/2023/QD-TTg dated 03 October 2023 on the reduction of land rentals payable in 2023 (“Decision 25”). Decision 25 takes effect from 20 November 2023. Decision 25 provides a 30-per-cent reduction in land rentals payable in 2023 for enterprises, organisations, family households and individuals leasing land directly from the State with annual payment pursuant to a decision or a contract or a Certificate of […]

1. Amending the regulations on foreigners working in Vietnam The Government issued Decree 70/2023/ND-CP (“Decree 70”) dated 18 September 2023 to amend the regulations on foreigners working in Vietnam stipulated in Decree 152/2020/ND-CP (“Decree 152”) dated 30 December 2020. Decree 70 takes effect from the date of signing and introduces some key amendments as follows: Conditions for issuance of work permits Under Decree 152, it is required that foreign experts and technical workers must have […]

1. New Law on Electronic Transactions On 22 June 2023, the National Assembly adopted the Law No. 20/2023/QH15 on Electronic Transactions (“ET Law 2023”). The ET Law 2023 takes effect from 01 July 2024 and replaces the Law on Electronic Transactions 2005. The ET Law 2023 provides the legal framework for data messages, electronic certificates, electronic signatures, digital signatures, electronic contracts and trust services to further develop electronic transactions and to promote digital transformation. Some […]

Written by Partner Ngoc Anh Bui, Counsel Ngan Nguyen, and Associate Viet Tran 1. Establishment of Viet Nam Competition Commission (VCC)   On 10 February 2023, the Government issued Decree 03/2023/ND-CP on the functions, duties, powers and organizational structure of VCC (“Decree 03/2023”). Decree 03/2023 designates VCC as the primary regulatory authority tasked with overseeing matters related to anti-trust regulations and broader competition concerns.   Since the effective date of Law on Competition No. 23/2018/QH14 […]

1. New Law on Protection of Consumer Rights On 20 June 2023, the National Assembly adopted the Law No. 19/2023/QH15 on Protection of Consumer Rights (“PCR Law 2023”). The PCR Law 2023 will take effect on 01 July 2024 and will replace the Law on Protection of Consumer Rights 2010, as amended. Some key provisions of the PCR Law 2023 are highlighted below. Definition of consumer The PCR Law 2023 defines a consumer as a […]