Knowledge Center

1. New Law on Telecom The National Assembly adopted the Law No. 24/2023/QH15 on Telecom (the “LOT 2023”) dated 24 November 2023. The LOT 2023 takes effect from 01 July 2024, except certain articles which will be effective from 01 January 2025. The LOT 2023 replaces the Law on Telecom 2009. The LOT 2023 regulates telecom operations, rights, and obligations of organisations and individuals participating telecom operations, and State management of telecom operations. Below are […]

FINANCIALS Government Decree 19/2023/ND-CP on Anti-Money Laundering The Government issued Decree 19/2023/ND-CP on 28 April 2023 providing detailed guidance on the implementation of certain articles of the Law on Anti-Money Laundering 2022. The Decree governs customer KYC requirements, beneficial owner requirements and requirements on information exchanges. Prime Minister Decision 11/2023/QD-TTg on Anti-Money Laundering The Prime Minister issued Decision 11/2023/QD-TTg on 27 April 2023 stipulating the thresholds of high value transactions subject to reporting requirement under […]

Vietnam’s slow real estate market has been given a ray of hope with the recent release of Decree 10/2023/ND-CP and the ongoing review of a proposed amendment to the Law on Real Estate Business. These new legal measures aim to create a more transparent legal framework for the development of condotels and resort villas, which complements the regulations provided by Decree 02/2022/ND-CP released last year. This article provides an overview of the legal framework for […]

While Vietnam remains a predominantly cash-based economy, its legal frame work on anti-money laundering, according to the Asian Pacific Group on Money Laundering (APG)’s assessment in its Mutual Evaluation Report dated January 2022, is still incomprehensive and limited, which makes the country itself vulnerable to risks of money laundering. Pursuant to the report on national risk assessment on money laundering and terrorism financing conducted by the Vietnamese authority for the period of 2012-2017, the risk […]

Supported by the favorable geographical and natural conditions, and constrained by the restrictions on thermal power projects in the last few years, Vietnam has been promoting the solar and wind renewable energy in the last 5 years, and now the LNG-to-power (the concept of using liquefied natural gas for power production) (LNG). Fear of being late, many local and foreign investors have been lining up to find opportunities to develop large scale gas-fired power plants […]