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The State Bank ushers in new regs for the new year

Posted on Feb 22, 2017 in Newsletters by

Basel II Standards Underway The State Bank of Vietnam (the “SBV“) has issued Circular 41/2016/TT-NHNN stipulating the required capital adequacy ratio (“CAR“) for banks and branches of foreign banks (“Circular 41“) in a step to apply Basel II standards in Vietnam. Circular 41 will take effect as of 01 January 2020 (the “Effective Date“), but any bank or branch of a foreign bank may voluntarily apply this Circular prior to the Effective Date by giving […]

Foreign invested enterprises’ pharmaceutical trading right on the move!

Posted on Feb 20, 2017 in Newsletters by

Eight years after the lapse of the phase-in schedule for its relevant WTO commitment, Vietnam for the first time is setting forth a legal framework for foreign invested enterprises (“FIEs”) to trade in drugs and drug ingredients to fulfill its WTO Commitments. With the long-awaited new Pharmaceutical Law taking effect this January 2017 and the draft of the decree implementing the Pharmaceutical Law (“Draft Decree”) being finalized for issuance, pharmaceutical FIEs appear to be able […]

VILAF continues to be ranked first tier in 2016

Posted on Nov 20, 2016 in News by

The 2016 Edition of IFLR1000 and the 2016 Edition of Legal 500, which were launched this month, continue to rank VILAF as a first tier law firm in all major practice areas ranked by these editorials, including Corporate/M&A, Banking & Finance, Capital Markets, Infrastructure and Projects, Dispute Resolution, etc. The same edition of IFLR1000 provides comments from VILAF’s clients, “M&A is VILAF’s largest practice and the firm has a good reputation in the market. One […]

VILAF won Best M&A Vietnam Law Firm of the Year Award

Posted on Aug 19, 2016 in M&A by

At the Annual Vietnam M&A Forum 2016 on 18 August 2016 held in Ho Chi Minh City, VILAF again won the Best M&A Law Firm of the Year Award. Vietnam M&A Forum is the largest M&A and strategic investment annual public event in Vietnam for the business community, domestic and foreign investors in Vietnam, organized by Vietnam Investment Review, AVM Vietnam, and the Ministry of Planning and Investment. VILAF is a first tier law firm (ranked […]