Vietnam Defines E-Money for the First Time, Excludes Virtual Currencies from its Scope
In effect from July 1, 2024, Decree 52 defines e-money in Vietnam as “the equivalent value in VND stored electronically,” based on prepaid money deposited with banks or provided to payment service organizations and excludes virtual currencies like bitcoin.
Complying with Vietnam’s Personal Data Protection Decree: New Publication
‘Complying with Vietnam’s Personal Data Protection Decree’ discusses key legislative updates and compliance obligations for businesses and is free to download.
Vietnam’s Latest Draft Decree on Sanctions for Cybersecurity Violations
Vietnam’s latest draft decree on sanctions for violations in cybersecurity and data protection targets implementation by June 1, 2024.
Franchising in Vietnam: Legal Framework and Registration Requirements
The franchising sector in Vietnam benefits from relaxed retail regulations and a dynamic entrepreneurial landscape.
Understanding How Trademark Opposition Works in Vietnam
We discuss the legal grounds on which intellectual property rights holders can register opposition to trademark applications in Vietnam.
Vietnam’s Extended Producer Responsibility Policy: Company Recycling Obligations
Vietnam’s amended Environment Protection Law (EPL) in 2022 introduced a new “extended producer responsibility” (EPR) policy which places the burden of responsibility to recycle on companies.
Vietnam Decree 23 Outlines Bidding Processes for Key Sectors Projects
Vietnam has introduced comprehensive regulations via Decree 23 on the bidding processes for project implementation and investor selection. It follows the New Bidding Law that came into force beginning of 2024.
Vietnam Law on Personal Data Protection: Latest Developments and Insights
Vietnam’s proposed Personal Data Protection Law is another significant move toward enhancing data privacy and regulatory streamlining. The law is at the development stage, with the Ministry of Public Security seeking critical feedback.
Vietnam Proposes Regulatory Sandbox for Banking Sector: Draft Decree Guidelines
A new Vietnam Draft Decree proposes a Regulatory Sandbox in the banking sector focused on three solutions, provided either by credit institutions or fintech companies – credit scoring, open application programming interface (API), and P2P lending.
Vietnam Unveils Decree 32/2024/ND-CP on the Management and Development of Industrial Clusters
Decree 32/2024/ND-CP regulating industrial clusters in Vietnam takes effect on May 1, 2024. Key provisions impacting stakeholders are summarized in this article.