Knowledge Center

The Government on 26 June 2015 issued landmark Decree 60/2015/ND-CP (“Decree 60”) to lift the 49% foreign limit on ownership of equity in public companies, amongst others. This long-awaited Decree is issued at a constructive time, when the several new laws affecting investment are taking effect this July 2015. This Briefing summarizes the most important changes under Decree 60. Decree 60 is intended to add vitality to the Vietnam stock markets and an extra boost […]

NEW REGULATION ON DERIVATIVE SECURITIES AND FUTURES EXCHANGE One year after the Prime Minister approved Vietnam’s Project for the Development of the Derivative Securities Market, the Government issued the long-awaited Decree 42/2015/ND-CP on derivative securities (“DS“) and the DS market (“Decree 42“). Decree 42 outlines the basic legal framework for a futures exchange tentatively to be developed in 2016 in Vietnam. Vietnam’s stock exchanges are working on the technical infrastructure to put this DS trading […]

Legal Framework for Developing and Financing Projects Taking Shape New Decree on Selection of Investors subject PPP projects to competitive selection of investors; New BOT Power Projects Circular sets forth cases where direct appointment of investor is permitted; New Legal Opinions Decree narrows the documents eligible for the Ministry of Justice legal opinions in PPP projects and government guaranteed loan; New Constructions Contracts Circular expands the types projects the construction of which is subject to […]

Newsletter Winter 2015: Regulations on Investment New Investment Decree simplifying investment procedures New Decree on management of State capital regulating the sale of State equity interests New Construction Decree regulating the management of construction projects based on sources of capital funding New Decree on the real estate business guiding exemption from the minimum capital requirement for real estate business and procedure to transfer real estate projects

The SBV has issued Circular 01/2015/TT-NHNN (Circular 01) on interest rate derivatives (IRD) products of commercial banks and branches of offshore banks (Banks) to replace Decision 62/2006/QD-NHNN (Decision 62). Circular 01 will take effect on 2 March 2015. Below are significant changes under Circular 01. Changing requirements on parties to an IRD One of the parties to an IRD, the “vendor,” must be a Bank having the appropriate banking license permitting IRDs. The counterparty, the […]