Knowledge Center

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 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 […]