Legal Updates

Decree No. 98/2021/ND-CP on medical devices management

On 08/11/2021, The Government promulgates Decree No. 98/2021/ND-CP (“Decree 98/2021“) on medical devices management. The Decree uniformly regulates this matter and abolishes all previous decrees on the management of medical devices, including Decree No.36/2016/ND-CP, Decree No.169/2018/ND-CP, Decree No.03/2020/ND-CP. This article focuses on some remarkable provisions of Decree 98 as follows: 1. Amendment in procedures for […]

ESOP of Normal Joint-Stock Company

In recent years, Employee Stock Ownership Plan (“ESOP“) is becoming a popular solution for Vietnamese enterprises in their human resources strategy. The issuance of shares under ESOP (“ESOP Shares“) by the public company is subject to regulations of Law on Securities, which shall not be applied for the ordinary joint-stock company. This article expresses some […]

The Reduction of Deposit for Travel Service Business

On October 28, 2021, the Government issued Decree 94/2021/ND-CP (hereinafter referred to as “Decree 94”), amending and supplementing Article 14 of Decree No. 168/2017/ND-CP (hereinafter referred to as “Decree 168”), elaborating of some articles of the Law on Tourism regarding the deposit for travel service business. Accordingly, 80% of the deposit for the travel service […]

Draft Circular to revise, supplement Circular 09/2015/TT-NHNN dated July 17, 2015 on prescribing debt purchase and sale by credit institutions foreign bank branches

On October 11, 2021, the State Bank of Vietnam announced the Draft amending and supplementing a number of articles of Circular 09/2015/TT-NHNN (“Circular 09“) on debt purchase and sale of financial institutions and foreign bank branches. This article includes a few prominent new regulations as follows: 1. Clearly define the scope of application for non-performing […]