El-Salvador, Cryptocurrency, and Vietnam

As I've written before, Vietnam currently views cryptocurrency as a prohibited form of payment (see Cryptocurrency in Vietnam). The State Bank of Vietnam (SBV) has repeatedly made it clear that it does not recognize cryptocurrency or any digital currency as legal tender. Although a recent program initiated a pilot program for e-money (see Mobile Money [...]

By |2021-06-14T03:34:15+07:00June 14th, 2021|Banking and Finance, Legal News, TMT-Technology, Media, Telecom|Comments Off on El-Salvador, Cryptocurrency, and Vietnam

New Online Advertising Restrictions in Vietnam

by Steven Jacob, Foreign Associate While I have written largely about Fintech issues in this blog, the scope of my responsibilities extends to other areas involving technology and media. This week, therefore, I am going to write on a subject that has caused a bit of a stir in Vietnam regarding the regulations that just [...]

By |2021-06-07T05:57:12+07:00June 7th, 2021|Legal News, Publications, TMT-Technology, Media, Telecom|Comments Off on New Online Advertising Restrictions in Vietnam

Debt Recovery in Vietnam

I wrote a couple weeks ago about the interest rate cap on loans as applicable to P2P lending in Vietnam (see Interest Rates for P2P Lending in Vietnam) in which I discussed the problem we've seen with P2P lenders being accused of criminally exceeding that cap through the application of fees on loans. Another problem [...]

By |2021-05-31T03:06:53+07:00May 31st, 2021|Banking and Finance, Contract Law, TMT-Technology, Media, Telecom|Comments Off on Debt Recovery in Vietnam

Personal Data Leaks in Vietnam

According to an article in VN Express International's website (see Personal data leak affects thousands of Vietnamese) the news of a major leak of personal data was announced. (Other articles covered the news in the Vietnamese language, but for purposes of discussion, the English language story will work best.) The data, which comprised 17 GBs [...]

By |2021-05-24T07:11:04+07:00May 24th, 2021|Data Privacy, Legal News, TMT-Technology, Media, Telecom|Comments Off on Personal Data Leaks in Vietnam

Interest Rates for P2P Lending in Vietnam

As a relative newcomer to fintech, and with limited experience working with peer-to-peer lending (P2P Lending), I thought that the scope of such lending was similar to crowdfunding. Individuals could go to a P2P Lending website, lodge a request for loans, and be matched with individual lenders. I didn't realize that the concept of P2P [...]

By |2021-05-17T03:13:47+07:00May 17th, 2021|Banking and Finance, Contract Law|Comments Off on Interest Rates for P2P Lending in Vietnam

Management of Social Housing in Vietnam

By Ton That Hoang, Legal Assistant Background On 01 April 2021, the Government issued Decree No. 49/2021/ND-CP (“Decree 49”) amending and supplementing Decree No. 100/2015/ND-CP (“Decree 100”) on the development and management of social housing, which came into effect immediately upon promulgation. Despite its quick adoption problems with Decree 49 have been discovered. This Special [...]

By |2021-05-10T04:24:46+07:00May 10th, 2021|General, Property and Construction|Comments Off on Management of Social Housing in Vietnam

Registering E-Commerce Websites in Vietnam

by Steven Jacob, Foreign Associate Last week I examined the four types of e-commerce websites that are allowed to operate in Vietnam (see Some Issues on E-Commerce in Vietnam). For each type, there is either a notification or registration requirement before the website can commence operations. This week I wanted to discuss the requirements for [...]

By |2021-04-26T02:23:50+07:00April 26th, 2021|Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on Registering E-Commerce Websites in Vietnam

Some Issues on E-Commerce in Vietnam

by Steven Jacob, Foreign Associate Random E-Commerce Provisions in Vietnam I wrote a blog post last week about a company that got in trouble with the law. And though my information was based on publicly available newspaper reports, the company also happened to be a client so the post was vetoed by management. As such, [...]

By |2021-04-19T06:57:46+07:00April 19th, 2021|Legal News|Comments Off on Some Issues on E-Commerce in Vietnam

Mobile Money Pilot Program in Vietnam

by Steven Jacob, Foreign Associate On 3 March 2021, the Prime Minister of Vietnam issued a decision that authorized a pilot program for the use of mobile money in Vietnam. This is a major step forward in the use of non-physical currency in the country and marks a potential change in the direction of the [...]

By |2021-04-12T03:01:15+07:00April 12th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Mobile Money Pilot Program in Vietnam

E-Commerce Contracts in Vietnam

by Steven Jacob, Foreign Associate In traditional contracts, the contract is dependent upon the agreement of the parties. That agreement is reached through a process of contract formation. In the first step, one of the parties makes an offer of providing either goods or services. The other party then will review the offer and accept [...]

By |2021-04-05T03:04:01+07:00April 5th, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on E-Commerce Contracts in Vietnam
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