Knowledge Center

Commercial relationships and transactions nowadays are often structured in a sophisticated manner. In practice, a single commercial relationship or transaction may comprise of several interrelated agreements between all or some of the parties. When a dispute between the parties arises, one party may have multiple claims against others based on different interrelated contracts. It is reasonable to conjecture that the number of multi-contract arbitrations in Viet­nam, including at Vietnam International Arbitration Centre (“VIAC”), commonly regarded […]

Senior Associate Minh Doan shared his thoughts on the implementation of the 2005 Ordinance on Foreign Exchange and risks of using foreign currencies in shares transactions if the parties are not knowledgeable of foreign exchange restrictions in Vietnam. Below is an excerpt of his article in the Vietnam Investment Review. Foreign exchange restriction is one of the measures used to stabilise the foreign currency market, helping enhance the convertibility of VND, especially in the context […]

Among the available PPP models in Vietnam, build-operate-transfer (BOT) is probably the most realistic considering the availability of an established legal framework for off-taking and state-sponsored contracts and precedent BOT projects. Sponsors would want the power project to be owned by the BOT company under a BOT contract with the relevant state authority and the LNG infrastructure to be owned by a separate joint venture company, with the cost of LNG infrastructure to be passed […]

The latest HSBC Asia Economics Quarterly report shows Vietnam successfully dealing with the pandemic crisis with the fastest growth in Asia in 2020. The bank forecasts Vietnam will carry the momentum into 2021 and recommends investing in Vietnam’s stock market, at least in the short term. Vietnam’s securities authorities are actively working with global providers of financial services in MSCI and FTSE Russell to speed up the process for upgrading Vietnam’s stock market to Secondary […]

Solar power market in Vietnam has witnessed a rapid growth and significant investment potential in the recent years. In light of the recent attempts to boost the solar power development from the Government of Vietnam, Ministry of Industry and Trade of Vietnam (“MOIT”) has issued Circular No. 18/2020/TT-BCT (“Circular 18”) dated 17 July 2020 on project development and attaching standard form of power purchase agreements (“Model PPA”) applicable to ground based, floating and rooftop solar […]