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On 19 April 2019, the Prime Minister issued Decision No. 18/2019/QD-TTg on import of used machinery, equipment and technological lines ('Decision 18'). Decision 18 was later amended and supplemented by [...]

According to Article 8.1 of the EU-Vietnam Free Trade Agreement (EVFTA), the EU and Vietnam, affirming their respective commitments under the WTO Agreement and their commitment to create a better [...]

E-commerce in Vietnam has boomed in recent years and especially since the Covid-19 pandemic, fuelled by key factors such as progressive government policies and increased middle-income class and fast-growing internet [...]

The import of goods into Vietnam for the purpose of distribution by foreign investors or foreign-invested companies is subject to strict authorisation requirements, which are laid down in particular in [...]

In recent years, Vietnam has become one of the most attractive destinations for foreign direct investment (FDI) in Southeast Asia, offering foreign investors a wide range of opportunities to undertake [...]

I. Overview Vietnam is holding its own as one of the world's most dynamic economies, even in the midst of global challenges. For 2024, International financial organisations such as ADB, [...]

Market overview Member of IAIS? Yes, Vietnam became member of IAIS in 2007. Global regulators, bodies and legislation applicable to country The project 'ComFrame' was set up by the Internationally [...]

Late October 2017, in a written notice to the public media, the State Bank of Vietnam re-affirmed that the issuance, supply, and use of 'virtual' currency is strictly prohibited in [...]

1. Comments on the social welfare policies in Vietnam In recent years, the social welfare policies in Vietnam have affirmed its crucial role in helping people overcome life's difficulties. Employment, [...]

1. Comment on the Decree: 'What are your initial thoughts on Vietnam's new Decree No. 80/2024/ND-CP regarding the mechanism for direct electricity purchase and sale between renewable energy generation units [...]

1. What is your take on this booming trend that credit into industrial parks grows surprisingly? [Dr. Oliver Massmann] The booming trend of credit growth into industrial parks is likely [...]

On 3 July 2024, the Government issued Decree No. 80/2024/ND-CP regulating the direct power purchase mechanism ('DPPA') between renewable energy generators and large power consumer ('Decree 80'). Decree 80 became [...]

The current situation of Vietnam To materialize its goal of reaching the Emerging Market status by 2025, great efforts, including the conclusion of back-to-back-to-back Free Trade Agreements with powerful allies, [...]

On May 20, 2024, the Deputy Prime Minister Nguyen Hong Ha issued Official Letter 232/TB-VPCP to provide the Government's conclusions and instructions on preparation of draft Decree on Direct Power [...]

The Prime Minister of Vietnam has approved the National Energy Development Strategy of Vietnam to 2030, with a vision to 2045. Please kindly find below our key highlights. On March [...]

On 1 November 2023, the Ministry of Industry and Trade (MOIT) issued Circular No. 19/2023/TT-BCT providing regulations on the method to formulate power generating tariff ranges for solar and wind [...]

Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) has opened up many opportunities for Vietnam in the agriculture sector as [...]

I. Investment and Doing Business in Vietnam - What are the current issues? REGARDING FOREIGN INVESTMENT 1. Uncertain requirement to amend Investment Registration Certificate ('IRC') to conduct on-the-spot importation Under [...]

To replace Resolution No. 54/2017/QH14 of the National Assembly dated 24 November 2017 ('Resolution 54'), Resolution No. 98/2023/QH15 was recently passed by the National Assembly on 24 June 2023 with [...]

1. What are the three central/federal government entities that have conducted the largest procurements by volume in Vietnam in the last three years? Please, list the three procuring entities in [...]

The Power Development Plan VIII (PDP8) has finally been approved on 15 May 2023 by Deputy Prime Minister Tran Hong Ha under Decision No. 500/QD-TTg. The approval of PDP8 will [...]

Regarding the issuance of the long-awaited Power Development Plan VIII (PDP8), on 25 April 2023, the Ministry of Industry and Trade of Vietnam (MOIT) delivered a Brief Report on the [...]

Recent developments and the importance of the power and energy sectors in Vietnam Vietnam's GDP grew by 8.02% in 2022 as opposed to merely 2.58% due to COVID-19 in 2021, [...]

On 17 April 2023, Decree No. 13/2023/ND-CP on personal data protection (PDPD) was officially issued by the Vietnamese Government. The long-awaited and controversial decree is set to be the first [...]

1. Why arbitration makes sense This article shows foreign businesses the necessity of dispute resolution clauses quite plainly and provides assistance in choosing appropriate alternatives to the Vietnamese civil courts. [...]

The State Bank of Vietnam (Ngan hang Nha nuoc Viet Nam, SBV) is the central bank of Vietnam. It is a ministry-level body under the administration of the government. The [...]

A Q&A guide to public mergers and acquisitions law in Vietnam. The country-specific Q&A looks at current market activity; the regulation of recommended and hostile bids; pre-bid formalities, including due [...]

Following the issuance of the 2020 Law on Environment Protection, which takes effect from 01 January 2022, there have been three newly adopted documents regarding the reduction of greenhouse gas [...]

Q: Under what conditions can power projects be awarded without Government tender? A: Power projects can be awarded directly without Government tender if the projects are not: a. Investment projects [...]

1. What opportunities are there in wastewater for international players in Vietnam? The process of urbanization and industrialization in Vietnam is happening very fast. Meanwhile, the treatment of domestic wastewater [...]

* Overview of the semiconductor production industry in Vietnam According to market research released by Technavio, the world's leading technology research and consulting company, the semiconductor market in Vietnam is [...]

In a world of constant economic uncertainty, foreign investors seem to view Vietnam as a promising land. This is particularly true in the franchise sector. Vietnam is enjoying an unprecedented [...]

LNG as a desirable transition fuel? The Vietnamese Government views LNG as a desirable transition fuel changing. However, it is not due to high prices and market turmoil of recent [...]

Q1 - Cases of work permit exemption There are a number of cases of work permit exemption under Labor Code 2019 and Government's Decree 152/2020/ND-CP dated 30 December 2020 (Decree [...]

Vietnam 2021 Economy at a glance GDP: US$220.5 billion GDP per capita: US$3,743 GDP Growth: 2.58% (despite national lockdown due to Covid-19) Inflation: 1.84% (lowest since 2015) Population: About 97.4 [...]

Q: Is there any law (including data protection/privacy law) of general application explicitly governing the use, collection, and processing of personal data (including sensitive data)? A: No, there are only [...]

On 25 July 2022, the Ministry of Industry and Trade (MOIT) issued Letter No. 4329/BCT-DL reporting to the Government on the implementation of provisions under the Power Master Plan 8 [...]

Published 25 July 2022 by Dr. Oliver Massmann, Duane Morris Vietnam LLC Market overview Member of IAIS? Yes, Vietnam became member of IAIS in 2007. Global regulators, bodies and legislation [...]

We would like to share with you a Power and Energy-related update to PDP 8 as below: The Ministry of Industry and Trade has just issued Official Letter No. 3787/BCT-DL [...]

The Prime Minister (PM) had issued Official Letter no. 182/LDCP ('OL182') on 10th June 2022 for his guidance on the approval of PDP8. Context: The Ministry of Industry and Trade [...]

1. How do you assess Vietnam's general economic performance? Besides manufacturing, are there any other sectors worth investing in or have huge potential? Vietnam's economic performance has been impressive. In [...]

On 26 April 2022, Deputy Prime Minister Le Van Thanh chaired a meeting of the Appraisal Council to appraise the draft National Power Development Plan 8. The Appraisal Council approved [...]

Despite complicated Covid-19 situation in Vietnam that resulted in almost nation-wide lockdown, foreign direct investment in Vietnam reached USD 31,15 billion, an increase of 9.2% compared to 2020 (figures from [...]

Public-Private Partnership (PPP) has been the cornerstone for infrastructure development and has been utilized in the past in Vietnam with varying degrees of success. Those agreements were often legally cumbersome [...]

On 31 March 2022, the Government Office issued Notice No. 92/TB-VPCP on the conclusion of the Cabinet at the meeting on finalizing the National Power Development Plan for the 2021 [...]

In 2020, when most sectors suffer major reductions due to impacts of the Covid-19 pandemic, the education sector stood out with an increase of 58% in foreign-direct investment. Investors eyeing [...]

Vietnam has a favourable geological and geographical position for the formation and development of minerals; some types of minerals have significant reserves. According to statistics of the Ministry of Natural [...]

Vietnam's participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) has expanded international destinations for Vietnam's strategic produces while creating leverage [...]

The Government Inspectorate will conduct a comprehensive inspection of power projects and projects developed in the past 10 years (2011-2021). These are projects included under the national electricity development planning [...]

1. How the recently announced fuel auction might affect fuel markets in Vietnam and will it resolve the shortage? Is this an effective long-term solution? Information about the upcoming auction [...]