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

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

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

Legal Issues with Blockchain in Vietnam

By Steven Jacob, Foreign Associate A while ago I wrote about blockchain and data protection issues in Vietnam. In that post, I discussed the Vietnamese government’s promotion of the development of blockchain technology in the country. I also pointed to certain difficulties in its adoption due to certain requirements in the existing data protection laws. [...]

By |2021-03-29T05:34:08+07:00March 29th, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on Legal Issues with Blockchain in Vietnam

Data Protection and Blockchains in Vietnam

Some time ago I had the time and the inclination to look into blockchain technology. The more I learned the more I saw that it presented a huge potential for collecting and managing data across a broad spectrum of activities. I also saw some difficulties in its deployment, especially in Vietnam. Issues of confidentiality and [...]

By |2021-02-22T02:47:13+07:00February 22nd, 2021|Contract Law, TMT-Technology, Media, Telecom|Comments Off on Data Protection and Blockchains in Vietnam

Choice of Law Rules for Contracts in Vietnam

When I first started practicing in Vietnam over ten years ago, it was assumed that the law governing the contract would--if at all possible--be foreign law. Vietnamese law was little developed, then, and foreign law was deemed more likely to contemplate potential issues arising. This, of course, neglected issues of dispute resolution and enforcement which [...]

By |2020-09-28T15:41:03+07:00September 28th, 2020|Contract Law, Dispute Resolution|Comments Off on Choice of Law Rules for Contracts in Vietnam

The Facts about CISG in Vietnam

Last week I wrote about the freedom of contract in Vietnam, here, and only briefly touched on an important international convention which Vietnam acceded to a few years ago. The Vienna Convention for the International Sale of Goods, or CISG for short, is an important set of rules for anyone buying goods from Vietnamese producers, [...]

By |2020-09-22T14:32:29+07:00September 22nd, 2020|Contract Law, International Trade|Comments Off on The Facts about CISG in Vietnam

Freedom of Contract in Vietnam

If you read last week's blog post, here, about bankruptcy in Vietnam you might have picked up on the possibility of further discussions of the issue in relation to the court's actual behavior in the bankruptcy process. However, that is not going to happen--at least not this week--due to technical difficulties. (My Ubuntu OS won't [...]

By |2020-09-14T14:21:49+07:00September 14th, 2020|Contract Law, General|Comments Off on Freedom of Contract in Vietnam

How to Secure Loans in Vietnam

Most people are familiar with secured transactions, though they may not know them by that name. When a person buys a house, or a car using a loan--whether through the seller or a third party lender--they sign a contract offering their purchase as security. This means that, if the borrower defaults on his loan, the [...]

By |2020-08-14T12:55:51+07:00August 14th, 2020|Banking and Finance, Contract Law|Comments Off on How to Secure Loans in Vietnam

Issues of Technology Transfer Contracts in Vietnam

Introduction Hello all. This week we're exploring issues with technology transfer in Vietnam. Just in case you're not familiar with the term, technology transfer refers to the process of conveying results stemming from scientific and technological research to the market place and to wider society, along with associated skills and procedures. This can come in [...]

By |2020-08-06T12:35:08+07:00August 6th, 2020|Contract Law, TMT-Technology, Media, Telecom|Comments Off on Issues of Technology Transfer Contracts in Vietnam
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