Posted on Oct 8, 2024 in Legal Update by VILAF
In this Vietnam practice guide on Joint Ventures 2024, Senior Partner Anh Dang and Counsel Hoang Duong explore the latest market trends and shifts, regulatory restrictions and development in Joint Ventures, corporate governance and other essential considerations for negotiating joint venture agreements. For the full guide, click here: Joint Ventures 2024 – Vietnam | Global Practice Guides | Chambers and Partners
Posted on Oct 7, 2024 in Legal Update by VILAF
1. Selection of investors for projects using land On 16 September 2024, the Government issued Decree No. 115/2024/ND-CP (“Decree 115”) guiding the Bidding Law 2023 on selection of investors for projects using land. Decree 115 took effect from the date of signing and repealed Decree No. 25/2020/ND-CP dated 28 February 2020. Some key provisions of Decree 115 are summarised below. Projects subject to bidding and announcement of projects Projects using land for which bidding for […]
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Citibank and ING Bank, alongside with Export Credit Agency’s Korea Trade Insurance Corporation, K-SURE, and Swiss Export Risk Insurance, SERV (the “Lenders”), have closed a $521.5 million, 12-year supported financing loan for Petrovietnam Power Corporation (PV Power). This financing will support the completion of PV Power’s Nhon Trach 3 and 4 power plants, which are set to be Vietnam’s first liquefied natural gas (LNG) to electricity plants. In parallel with the ECA Financing, the Lenders […]
Written by Vaibhav Saxena and Quynh Anh Nguyen On December 22, 1992, South Korea and Vietnam established diplomatic relations with a joint statement. For Hanoi, its economic interests and foreign policy of “diversification and multilateralization” were pivotal in fostering closer ties with Seoul. In 2002, the two countries upgraded their relationship to a “comprehensive partnership in the 21st century,” which was further elevated to a “strategic cooperative partnership” in 2009. Most recently, in December 2022, […]