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Category: Newsletters

Vietnam Energy and Infrastructure

Further Legal Reforms

A Shift of Focus to Large Projects and Environment-Friendly Projects?

Posted on Aug 18, 2020 in Newsletters by

Infrastructure has been a central factor in Vietnam’s economic development. The Government aims to raise investment in transport infrastructure from US$7 billion to US$120 billion by 2020. ADB experts project that Vietnam will need to invest US$110 billion in infrastructure development between 2021 and 2025. Likewise, Vietnam will need another 5,000MW in power plant capacity by 2025, which will require about US$30-45 billion in investment. The Politburo in Resolution 50/NQ-TW dated 20 August 2019 (“Resolution […]

Nominee arrangements under the new law of investment

Posted on Jul 23, 2020 in Newsletters by

Vietnam is currently one of the most attractive places in the world for foreign investment. With an investment-focused political climate, Vietnam is currently drawing entrepreneurs and large, established companies alike. One controversial method that investors employ to enter Vietnam is investment through a local nominee. In its simplest form, a common nominee structure consists of a foreign investor providing funds to a local nominee. The funded amount is then used by the local nominee to […]

New Circular on guiding foreign exchange control of foreign direct investment (“FDI”) activities in Vietnam

Posted on Aug 12, 2019 in Newsletters by

The State Bank of Vietnam’s (“SBV”) issuance of Circular No. 06/2019/TT-NHNN (“Circular 06”) on 26 June 2019, to take effect on the 6th of September 2019, ushers significant changes in the current regulatory framework governing foreign exchange in direct investment activities in Vietnam. Despite Vietnam’s continued efforts at improving the investment environment and streamlining the regulatory framework on foreign exchange over the past years, the implementation of Circular 19/2014/TT-NHNN dated 11 August 2014 (“Circular 19”) – the predecessor of Circular 06 – has presented certain challenges and difficulties to implementing entities and stakeholders alike, and it is precisely to address these challenges that Circular 06 was issued.

Circular 16 on Solar Power

Posted on Dec 22, 2017 in Newsletters by

Circular 16 on Solar Power Ministry of Industry and Trade of Vietnam (“MOIT”) issued Circular No. 16/2017/TT-BCT (“Circular 16”) dated 12 September 2017 on project development and standard form of power purchase agreement (“Model PPA”) for solar power projects, with effect from 26 October2017. Circular 16 provides for detailed guidance for implementation of Decision 11/2017/QD-TTg dated 11 April 2017 of the Prime Minister on mechanisms for encouraging development of solar power projects in Vietnam (“Decision 11”). Below are key points introduced under Circular […]