Taking note of feedback from businesses regarding Circular 06, on 23 August 2023 the State Bank of Vietnam released Circular 10/2023/TT-NHNN suspending the validity of the clauses stipulating these lending purpose restriction in Circular 06 until further guidance.
DFDL’s Regional Data Centers Guide is a comprehensive and practical resource for anyone who wants to explore Southeast Asia's data center landscape. It provides insights into the legal and regulatory aspects of data center operations in each country.
The information provided in this report has been prepared and collected by our regional offices and is derived from our team’s direct experience on the ground. We hope it will provide a stimulating overview of data centers issues and opportunities in the region.
In this guide, you may find information about:
The latest update on Vietnam’s economy and expected developments in the upcoming period
The key sectors for investment in Vietnam
Guidance on doing business in Vietnam in terms of entity establishment, accounting and auditing standards, taxation, and labour compliance perspectives.
- PwC Tax & Advisory Vietnam
A synopsis of the most important Vietnam tax issues
The new Anti-Money Laundering (AML) Law came into effect on 1 March, 2023. Reporting entities should seize the opportunity to establish their own internal regulations and capabilities, align with Vietnam Regulators, and contribute to preventing, mitigating, and combating financial crimes.
Effective from this coming July 1, 2023, the long-awaited Decree on Personal Data Protection (“DPDP”) No. 13/2023/ND-CP dated April 17, 2023 sets out clear and strict regulations on personal data protection that will heavily affect the current practice of domestic and foreign individuals/entities concerning the processing of personal data.
This Update highlights the following key points: Reporting entities, Customer due diligence (also known as KYC), KYC information, Foreign Politically Exposed Person (Foreign PEP), Correspondent banking relationship
Supervision of a number of special transactions, Money-laundering risk assessment from the reporting entity
Client classification, Types of transactions must be reported, Report on high-value transactions, Report on suspicious transactions, Time limit for reporting, Provisional measures, Storage of customers’ data
Grant Thornton looks at the process of opening a representative office in Vietnam and explains why a foreign business may encounter difficulties when deciding to close its office. It seems to be quite a simple business model to establish, run, and manage, with minimum costs. However is this assumption actually valid?
In recent months, the Government has published the draft Land Law 2023 and asked for public comments. In March 2023, Venture North Law submitted to the Ministry of Natural Resources and Environment our comments to the draft . The comments are contributed by Nguyen Quang Vu, Nguyen Bich Ngoc, Nguyen Hoang Duong and Ha Kieu Anh. 200 pages long.
DFDL analyses FDI in Vietnam supply chain activities in light of market changes regarding China - specifically: (i) FDI from China into Vietnam supply chain sector; (ii) Vietnam as an alternative to China for FDI into supply chain opportunities; (iii) Vietnam supply chain market trends; and more.
Many educational institutions provide online courses to Vietnamese students, raising the issue of whether virtual learning is subject to Vietnam tax, and how to make a tax declaration and tax payment. This article discusses the tax regulations and tax filing requirements for overseas educational institutions in Vietnam.
In this newsletter: 1) VAT reduction, 2) Insurance business and foreign investors, 3) Registering asset-based security, 4) Raw materials, supplies and components for the production of IT products, digital content and software may be exempt from import duty, and 5) Prominent legal instruments take effect from February 2023.
Decree 53, on the Law On Cybersecurity sheds light on some of the hotly debated requirements under the Law, such as data localisation and local presence requirements. Similar to the Law on Cybersecurity, the scope of application under Decree 53 is extended to not only local entities but also foreign entities.
In this publication, we summarize the main differences in the recognition of sales revenue, and specific situations in the cases of businesses selling through different sales channels, including sales programs. sales promotion.
Vietnam’s updated merger control regime took effect from 15 May 2020. The regime substantially expands the scope of transactions subject to the merger filing requirement, capturing more M&A transactions in Vietnam and offshore.
This guide will bring helpful information to foreign investors, particularly those who consider starting their business in Vietnam. The guide mainly consists of the latest insights on a brief overview of Vietnam’s economy, key sectors for investment, compliance matters in terms of entity formation, accounting, tax, and labour perspectives in Vietnam.
The Ministry of Natural Resources and Environment has recently issued the Draft Land Law (amended) for public comments to overcome the shortcomings and limitations of the Land Law 2013, and at the same time, add new policies to adjust some issues arising in reality.
When setting up a company, the founding shareholders often ignore the conclusion of a founders’ agreement. This article discusses some issues founders should clarify in a Founders Agreement regarding dispensable disputes.
The Vietnamese Government has issued the new Decree 65 governing the offering and trading of privately issued corporate bonds. In this article, we examine the key features of the decree and outline how they differ from the existing Decree 153 on corporate bonds.
According to Article 4.37 of Law on Securities 2019, a securities investment fund is a fund established through capital contribution by investors to make investment in securities or other assets, including real estate.