Legal Updates

Draft Circular replaces Circular 03/2016/TT-NHNN on foreign exchange management for foreign borrowing and foreign debt repayment of enterprises

Circular 03/2016/TT-NHNN dated February 26, 2016, providing several instructions on foreign exchange management for enterprise’s foreign borrowing and foreign debt repayment (hereinafter referred to as “Circular 03”) has been promulgated for 5 years. With the current trend of international integration, foreign borrowing and foreign debt repayment activities are growing strongly, reflected in the increasing scale […]

Inadequacies in providing advertising services for foreign investors

Advertising is the employment of various means to present the public with profitable products, goods and services; non-profitable products and services; organizations and individuals trading and providing the presented products, goods and services, except for news, social policies, and personal information. In recent years, advertising services have been a field of interest to foreign investors, […]

Draft Circular expecting to allow foreign investors to invest in trading interest-rate derivative products in Vietnam

Interest-rate derivative products have appeared in Vietnam since 2015 as a financial instrument used to hedge and limit risks from interest-rates fluctuation in the underlying market. However, at present, the Vietnamese authority has only granted permission to 7 commercial banks, namely Lienvietpostbank, BIDV, ABbank, HDbank, Vietcombank, Techcombank and Viettinbank, which are eligible to provide interest-rate […]

Amending provision on assessment and grant of certificates of national occupational skills

On September 1, 2021, the Government published a draft amending and supplementing a number of articles Decree No. 31/2015/NĐ-CP detailing several articles of the Law on employment regarding assessment and grant of certificates of national occupational skills was issued on March 24, 2015, and took effect from May 15 2016 (hereinafter referred to as “Draft”) for […]