LFN Guide for Cryptocurrency Now Live

For some time now, Indochine Counsel has been part of the Law Firm Network (LFN) and participated in their sometimes publications. Just recently we provided a chapter on Vietnam's treatment of cryptocurrency. As this blog regularly focuses on issues related to e-commerce and technology we wanted to make our readers aware of the publication of [...]

By |2021-09-20T03:35:39+07:00September 20th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on LFN Guide for Cryptocurrency Now Live

Vietnam’s Informal Economy Loses During Lockdown

From the outset of the Covid-19 pandemic in the beginning of 2020, employers and workers have all be hit hard by the economic downturn that resulted. In Vietnam, with a population of nearly 100 million people, the pandemic has only recently caused a major reduction in the need for human capital. But that reduction has [...]

By |2021-09-13T06:02:42+07:00September 13th, 2021|Employment, Legal News|Comments Off on Vietnam’s Informal Economy Loses During Lockdown

A Year of Legal Developments in Vietnam

As it was Independence Day this past week, I thought it would be a good time to review the major legal developments in Vietnam of the last year. Particularly as one of our lawyers conveniently prepared a list of the major developments in the law over. The past 12 months have seen a slew of [...]

By |2021-09-06T07:19:10+07:00September 6th, 2021|Legal News|Comments Off on A Year of Legal Developments in Vietnam

Non-Fungible Tokens in Vietnam

Non-fungible tokens (NFTs) or cryptographic tokens are unique digital signatures or tokens created by using blockchain technology, in particular using relevant platforms that operate on blockchains, which are used for certifying ownership of digital files of real or intangible assets. Cryptographic tokens represent a set of rules, encoded in a smart contract – the token [...]

By |2021-08-30T02:16:09+07:00August 30th, 2021|Banking and Finance, Intellectual Property, TMT-Technology, Media, Telecom|Comments Off on Non-Fungible Tokens in Vietnam

Vietnam Leads Cryptocurrency Adoption

In the last few days, it's been hard to ignore the fact that (according to this VN Express article) Vietnam leads the world in cryptocurrency adoption. A survey by US-based consultancy Finder found that of survey respondents 41% of those based in Vietnam had invested in cryptocurrency, with 28% of the total investing in Bitcoin. [...]

By |2021-08-23T06:19:02+07:00August 23rd, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Vietnam Leads Cryptocurrency Adoption

Is VNDC a Stablecoin for Vietnamese Investors?

Lately, I've been busy with some research surrounding crowdfunding in Vietnam. Perhaps I'll address some of those issues at a later date, but right now I want to discuss something I discovered during that research. As of 1 July 2019, a Singaporean company VNDC Holding PTE., LTD., introduced the VNDC stablecoin to the market (You [...]

By |2021-08-16T02:09:20+07:00August 16th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Is VNDC a Stablecoin for Vietnamese Investors?

Electronic IDs in Vietnam

Last month the Government issued a draft decree on the process for obtaining and using electronic IDs in Vietnam. This comes as a welcome installment in Vietnam's slowly moving modernization of its legal regulations regarding the internet, data, and digital media. This post will review the basics of the draft decree relevant to most people [...]

By |2021-07-26T02:27:14+07:00July 26th, 2021|Banking and Finance, Data Privacy, TMT-Technology, Media, Telecom|Comments Off on Electronic IDs in Vietnam

The Vietnam National Innovation Center

So I learned a thing this week. Apparently, Vietnam is developing a national innovation center (NIC) aimed at promoting innovative startups in the country. What that means is not entirely clear as of yet. The NIC was only approved at the end of 2019 and seems heavily reliant on a physical location that remains unidentified, [...]

By |2021-07-05T04:49:34+07:00July 5th, 2021|Business News, Corporate and commercial, TMT-Technology, Media, Telecom|Comments Off on The Vietnam National Innovation Center

Cybersecurity for Online Payment Services in Vietnam

Intermediary payment services (IPS) are regulated and licensed by the State Bank of Vietnam. IPS include very specific activities, namely: e-payment infrastructure supply services, including: Switching service; Electronic clearing service; Online payment portal service. Services supporting payment services, including: Authorized collection or payment service; Online money transfer service; E-wallet service. All of these services require [...]

By |2021-06-28T06:55:11+07:00June 28th, 2021|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Cybersecurity for Online Payment Services in Vietnam

Vietnamese policy for emergency vaccine imports

The following article is vital to understanding the future of Covid-19 vaccines in Vietnam and was published in the Vietnam Investment Review on 17 June 2021. By Nguyen Thi Hong Anh and Ly Nghia Dzung Indochine Counsel Amid growing coronavirus cases from the latest outbreak in the country, the Vietnamese government is taking measures to [...]

By |2021-06-24T06:48:36+07:00June 24th, 2021|Business News, Legal News, Publications, Trading & Distribution|Comments Off on Vietnamese policy for emergency vaccine imports
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