The Metaverse and Vietnam

On 28 October 2021, Mark Zuckerberg, CEO and majority shareholder of Facebook (now Meta apparently) announced this thing called the Metaverse, a ripped off concept from countless science fiction books that, according to Wikipedia, is: a hypothesized iteration of the Internet, supporting persistent online 3-D virtual environments[1][2][3] through conventional personal computing, as well as virtual and augmented reality headsets. The idea, then, is to [...]

By |2022-01-10T02:53:00+07:00January 10th, 2022|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on The Metaverse and Vietnam

Draft Decree on Cybersecurity Sanctions

In the middle of writing about Sky Mavis and NFTs and cryptocurrency the Ministry of Public Security issued a draft decree related to cybersecurity. I didn't get the chance to write about this earlier, but I think it is important enough--as it offers some guidance on questions related to the Law on Cybersecurity of 2018--to [...]

By |2021-12-27T04:41:00+07:00December 27th, 2021|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Draft Decree on Cybersecurity Sanctions

Technology Transfer in Vietnam

This week I had the opportunity to edit our new legal guide for technology transfer in Vietnam. It was prepared by Yen Pham, a lawyer on our staff, and I thought I would give a preview of some of its contents as it is related to my practice. Some Basics of Technology Transfer Technology transfer [...]

By |2021-12-20T02:51:58+07:00December 20th, 2021|Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on Technology Transfer in Vietnam

Cryptocurrency Gambling Ring Hacked by Government

All right, one more blog post about cryptocurrency. A little over a week ago, the Ho Chi Minh City police announced they busted a major gambling ring (see article from Bloomberg here). They arrested 59 people and confiscated 40 laptops, over 70 cell phones, ATM cards, and over 130,000USD worth of Vietnamese Dong. The gambling [...]

By |2021-12-13T02:09:22+07:00December 13th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Cryptocurrency Gambling Ring Hacked by Government

Blockchains or Databases, a Discussion

I recently had a conversation with an official from the US Consulate here in Ho Chi Minh City, in which we discussed cryptocurrency and blockchain issues. On repeated occasions he asked the question: what makes blockchain different from a regular database? That got me thinking. There are certainly some instances in which there is no [...]

By |2021-12-06T08:48:18+07:00December 6th, 2021|Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Blockchains or Databases, a Discussion

In-Game Units in Vietnam

About a month ago I wrote about NFT Gaming and Vietnam. In that blog, I discussed some of the issues with Axie Infinity—as their recent massive funding round was the prompting for the post. But I did not really dig into the legal issues of buying and selling virtual assets in games in Vietnam with [...]

By |2021-11-29T09:42:01+07:00November 29th, 2021|TMT-Technology, Media, Telecom|Comments Off on In-Game Units in Vietnam

From Offshore Holding Company to Foreign-Owned Subsidiary in Vietnam

Last week I wrote about the process of obtaining approval for outward investment by Vietnamese citizens (see Establishing an Offshore Holding Company for Vietnamese Startups). For many Vietnamese startups, that’s only the first step in the process of reorganizing their enterprise to make it viable for foreign Venture Capitalists (“VCs”) and other investors. The second [...]

By |2021-11-22T02:43:01+07:00November 22nd, 2021|Inward Investment|Comments Off on From Offshore Holding Company to Foreign-Owned Subsidiary in Vietnam

Establishing an Offshore Holding Company for Vietnamese Startups

A few weeks ago I wrote about Vietnam's Outward Investment Problem. This was in relation to Axies Infinity which is an increasingly successful NFT based online game that is owned and operated by Vietnamese founders through a Singapore holding company. The problem, as I stated, is that Vietnam has rules for its citizens to invest [...]

By |2021-11-15T04:40:47+07:00November 15th, 2021|Corporate and commercial, Restructuring|Comments Off on Establishing an Offshore Holding Company for Vietnamese Startups

Laos, Cryptocurrency Mining, and Vietnam

In September, the government of Laos authorized six companies to mine and trade cryptocurrency. This last week they announced that as part of the country's expansion into the cryptocurrency markets, they anticipate to include nearly 200 million USD in their 2022 national budget from Bitcoin mining. The theory is that, using the massive amounts of [...]

By |2021-11-08T06:29:27+07:00November 8th, 2021|Banking and Finance, Data Privacy, Legal News, TMT-Technology, Media, Telecom|Comments Off on Laos, Cryptocurrency Mining, and Vietnam

New IP Law and LLC Incorporation Guides

I've recently taken on some responsibilities that consumed much of my time this last week, so rather than write a brand new blog post from whole cloth I'm going to cover a couple of our publications that hit the presses in the last couple of weeks. I'll be back next week. Incorporating LLCs in Vietnam [...]

By |2021-11-01T03:45:46+07:00November 1st, 2021|Corporate and commercial, Intellectual Property, Legal News, Publications|Comments Off on New IP Law and LLC Incorporation Guides
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