Vietnam continues to develop and update the legal framework and investment to encourage the investment activities in Vietnam. This briefing focuses on the important changes under the Law on Investment 2020 (the “New Law”), which will take effect from 01 January 2021. Read the full report here.
From 01 January 2021, several new laws will take effect in Vietnam, including Law on Enterprises 2020, Law on Investment 2020, Law on PPP 2020, and Law on Securities 2019, which will provide several changes to the legal framework and legal practice in Vietnam. This briefing focuses on the important changes under the Law on Enterprises 2020 (the “New Law”), in comparison with the Law on Enterprise 2014. A separate briefing will discuss changes under […]
Decree No. 91/2020/ND-CP dated 14 August 2020 (“Decree 91”) will enter into force on 10 October 2020 and introduce important new legal requirements on advertising text messages, emails and phone calls. Decree 91 supersedes the prior anti-spam decrees (“Old Decrees”) in their entirety. This publication highlights important changes introduced by Decree 91. Read the full report here.
Vietnam Energy and Infrastructure
Further Legal Reforms
A Shift of Focus to Large Projects and Environment-Friendly Projects?
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
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 […]