Posted on Jul 10, 2025 in Legal Update by VILAF
Vietnam has passed the new Law on Personal Data Protection (LPDP), replacing Decree 13. Coming into effect on January 1, 2026, the LPDP introduces stricter compliance requirements, specific penalties, and sector-specific obligations. Learn what your business needs to do now.
1. Amendments of the Law on Advertising On 16 June 2025, the National Assembly adopted the Law No. 75/2025/QH15 (the “Amendment Law”) amending the Law on Advertising 2012, as amended (the “Current Law”). The Amendment Law takes effect from 1 January 2026. Some key points of the Amendment Law are described as follows: New definitions The Amendment Law re-defines various terms related to advertising activities. Notably, the “advertising” is re-defined as the use of human […]
VILAF warmly congratulates SCG Packaging Public Company Limited (SCG Packaging), a subsidiary of Siam Cement Group, on the successful acquisition of the remaining 30% shares in Duy Tan Plastics Manufacturing Corporation (Duy Tan Plastics), making SCG Packaging the sole shareholder of Vietnam’s leading manufacturer of rigid plastic packaging products. The transaction was made at USD108.6 million. SCG Packaging previously acquired 70% of the shares of Duy Tan Plastics in 2021. The strategic buy-out underscores SCG […]
VILAF extends our congratulations to the Agence Française de Développement (AFD) and the National Power Transmission Corporation (EVNNPT) on the signing of the €67 million (approximately USD75 million) loan agreement for the funding of the expansion and modernisation of power transmission grids in Vietnam. The official signing ceremony was held last week, during the official visit of French President Emmanuel Macron to Vietnam. The loan will support the development of the construction of two […]
VILAF is pleased to congratulate HSBC Vietnam, Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC), UOB Vietnam, and Gamuda Land on the successful financial close of the VND3,750 billion (USD 144.4 million) green club loan facility extended to Tam Luc Real Estate Corporation, a subsidiary of Gamuda Land. The five-year loan facility will finance the development of Eaton Park, a landmark green residential project in Ho Chi Minh City. Eaton Park is a premium residential complex […]