Knowledge Center

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 […]

Vincom Retail sets a record and template on Vietnam stock exchange The Ho Chi Minh Stock Exchange (HOSE) recorded the largest transaction value of shares. 415 million shares in Vincom Retail, about 21.8% of its offered volume were acquired by a series of foreign investors at the share price of VND40,600 (US$1.78) with the total value of more than US$740 million. The cornerstone investors which were selected under Rule 144A placement are Avanda Investment Management […]

Newsletter Summer 2017: New regulations affecting project development and financing In This Issue: 1. Government guarantees; 2. Land rental; and 3. Solar power projects.

Upon accession to the World Trade Organization (WTO), Vietnam opened market access to various services including logistics services. In this regard, the Government issued Decree 140/2007/ND-CP (Decree 140) as an effort to incorporate WTO commitments into domestic law. However, Decree 140 revealed certain problems in practice during its decade of implementation. One of those problems is that classification of the logistic services under Decree 140 does not match with classifications in the WTO commitments. In […]

Basel II Standards Underway The State Bank of Vietnam (the “SBV“) has issued Circular 41/2016/TT-NHNN stipulating the required capital adequacy ratio (“CAR“) for banks and branches of foreign banks (“Circular 41“) in a step to apply Basel II standards in Vietnam. Circular 41 will take effect as of 01 January 2020 (the “Effective Date“), but any bank or branch of a foreign bank may voluntarily apply this Circular prior to the Effective Date by giving […]