Dear Valued Clients, On May 16, 2024, the Government issued Decree No. 55/2024/ND-CP (“Decree 55”) detailing a number of articles of the Law on, Protection of Consumers’ Rights replacing Decree No. 99 /2011/ND-CP dated October 27, 2011 of the Government (“Decree 99”). Decree 55 is an important legal document protecting consumers’ rights that has a wide impact on many involving businesses, subjects, organizations and individuals, thereby creating a legal framework…

Dear Valued Clients, On May 15, 2024, the Government issued Decree No. 52/2024/ND-CP (“Decree 52”) regulating cashless payments, replacing Decree No. 101/2012/ND-CP dated November 22, 2012, of the Government (“Decree 101”). Decree 52 is an important legal document in the field of cashless payments, having a wide impact on various sectors, entities, organizations, and individuals. Thereby it helps establish a fundamental and solid legal framework for cashless payment activities in…

Dear Valued Clients, On January 6, 2022, the Government issued Decree No. 22/2022/ND-CP (“Decree 02”) detailing the implementation of a number of articles of the Law on Real Estate Trading. Decree 02 takes effect from March 1, 2022, replacing Decree 76/2015/ND-CP (“Decree 76”) detailing the implementation of the Law on Real Estate Trading no. 66/2014/QH13 November 25, 2014 (“Law on Real Estate Trading 2014”). In this Legal Update, we would…

Dear Valued Clients, In order to solve some obstacles, create more favorable conditions, aimed at promoting development of high-tech parks, on February 1, 2024, the Government issued Decree 10/2024/ND-CP (“Decree 10”), replacing Decree 99/2003/ND-CP on high-tech park regulations and Article 112, Decree 31/2021/ND-CP (amending and supplementing some articles of Decree 99/2003/ND-CP). Decree 10 officially takes effect from March 25, 2024. In this Legal Update, we would like to summarize and…

Dear Valued Clients, ENT Law LLC (“ENT”) would like to send our respectful greetings and appreciation for your great cooperation in the past time. Pursuant to the provisions of Article 72 of Law on Investment No. 61/2020/QH14 dated June 17, 2020, Article 102 and Article 104 of Decree No. 31/2021/ND-CP dated March 26, 2021, investors/economic organizations executing investment projects are responsible for reporting activities to the investment registration agency and…

Dear Valued Clients, On December 31, 2023, the Ministry of Planning and Investment issued Circular No. 25/2023/TT-BKHDT (“Circular 25”) on amending and supplementing a number of articles of Circular No. 03/2021 /TT-BKHDT dated April 9, 2021, of the Minister of Planning and Investment prescribing templates for documents and reports related to investment activities in Vietnam, outward investment activities and investment promotion activities (“Circular 03”), effective from February 15, 2024. In…

Dear Valued Clients, In recent years, the global minimum tax has been an issue that has received a lot of attention from both the foreign investors and recipient countries community. To implement the global minimum tax regulations, on November 29th, 2023, the National Assembly officially passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the imposition of top-up corporate income tax (“CIT”) under the Global Anti-Base Erosion (GloBE) model rules and applicable…

Dear Valued Clients, Decree 13/2023/ND-CP which took effect on July 1, 2023, provides more detailed regulations on data protection and cybersecurity obligations for personal data processing activities in order to strengthen the legal framework governing activities in cyberspace. Accordingly, in order to ensure the implementation of regulations on network security and personal data security, on May 31, 2023, the Ministry of Public Security published the third draft of the Decree…

Dear Valued Clients, On September 16, 2022, the Government issued Decree No. 65/2022/ND-CP amending and supplementing a number of articles of Decree No. 153/2020/ND-CP dated December 31, 2020 on offerings and trading of corporate bonds individually in the domestic market and offering of corporate bonds to the international market (“Decree 65”). However, after being put into practice, Decree 65 clearly reveals inadequacies in the current context of the domestic and…