PRESS RELEASE: KENT WONG INTERVIEWED BY VIR ON OPPORTUNITIES IN VIETNAM UNDER THE NEW EVFTA

On July 24, 2019, Kent Wong, Vice Chairman, and Stefano Pellegrino from EuroCham’s Legal Sector Committee talked to Vietnam Investment Review about improvements to the legal framework motivating the M&A trend in Vietnam, after the signing of the landmark EU-Vietnam Free Trade Agreement (“EVFTA”) on June 30, 2019.

With the strength and vibrancy of the M&A […]

SINGAPORE CONVENTION ON MEDIATION

12 August 2019 

On 7 August 2019, 46 States including the United States, China, India, South Korea, Malaysia and Singapore have signed the United Nations Convention on International Settlement Agreements Resulting from Mediation, also known as the Singapore Convention on Mediation.  This is the highest number of first-day signatories of a UN trade convention, and more States are expected to be […]

A LOOK AT VIETNAM’S IMPLEMENTATION ON TARIFF COMMITMENTS UNDER CPTPP

On 26th June 2019, the Government of Vietnam promulgated a Decree No. 57/2019/ND-CP (“Decree 57”) on new Tariff Preference on Export and Import for the period from 2019 to 2022, including requirements for application of tariff preference as well as tariff schedule.  The Decree 57 is to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership […]

VIETNAM’S NEW DECREE ON KARAOKE AND NIGHTCLUB BUSINESS

Karaoke and nightclubs are one of the conditional business lines stipulated in Law No. 03/2016/QH14 amending and supplementing Article 6 and Annex 4  of the List of Conditional Business Lines in the Law on Investment 2014.

On 19th June 2019, in order to manage these kinds of businesses better and more efficiently, the Government promulgated new […]

NEW REGULATIONS ON PRICE FRAMEWORK ON DOMESTIC ROUTES

From 1 July 2019, airlines in Vietnam must comply with the regulations on the service price framework for passenger services on domestic routes according to Circular No. 17/2019/TT-BGTVT dated 03 May 2019 of the Ministry of Transport on the issuance of the price framework for passenger transport services on domestic air routes (“Circular 17”). Before […]

Press Release: VIR INTERVIEW ON DECREE 37 AND LAW ON PLANNING

On May 7, 2019, the Government of Vietnam issued Decree No.37/2019/ND-CP, guiding the implementation of the Law on Planning.

Kent Wong, vice-chairman of EuroCham’s Legal Sector Committee and partner at VCI Legal, was invited to deliver his expert opinions about the benefits which the new Decree and Law on Planning in Vietnam would bring to the […]

VIETNAM’S NEW DECISION DRAFT ISSUED PROPOSING TO BOOST SOLAR ENERGY SECTOR

On 12 April 2019, Ministry of Industry and Trade of Vietnam (“MOIT”) published a new draft of the decision on the mechanism for encouraging the development of solar power projects in Vietnam (“Draft Decision 03”) which provides several significant changes, including the adjusted Feed-in-Tariff (“FiT”) compared to the old Decision No. 11/2017/QD-TTg on mechanism for […]

PRESIDENT TRUMP ON FDI IN VIETNAM

Vietnam – as a destination for foreign Investment – just got a rather unexpected but certainly most well-known and well-tweeted FDI-promoter. Yes, you’re right, it’s the President of the United States, Donald TRUMP, no less!

“… the Tariffs can be completely avoided if you buy from a non-Tariffed Country, or you buy the product inside the […]

THE USE OF FOREIGN CURRENCIES TO ESTABLISH AN ESCROW ACCOUNT IN VIETNAM

From March 2019, foreign investors are now entitled to use foreign currencies to make deposits as well as enter into escrow agreements.

The State Bank of Vietnam (“SBV”) has issued Circular No. 03/2019/TT-NHNN on amending and supplementing a number of articles of Circular No. 32/2013/TT-NHNN – guiding the implementation of regulations on restricting the use of […]

Press Release: VCI LEGAL DIRECTORS INVITED AS PROMINENT SPEAKERS AT THE 5TH ANNUAL ASIA OFFSHORE FORUM

VCI Legal proudly introduces the 5th annual Asia Offshore Forum of Asia Offshore Association (AOA) in Vietnam in May 2019.

More than 200 experts and investors from Vietnam and the region in the financial, commercial and investment sectors will attend 2 days in Hanoi with the talks centered around 19 MAJOR TOPICS OF VIETNAMESE FINANCIAL INVESTMENT:

! […]