Recently, the National Assembly's law committee issued a draft of the new Electronic Transaction Law which is now undergoing comments from interested public parties. This is the first time that electronic transactions will warrant their own law as previous regulations on this subject matter have been limited to decrees of the government. This article will [...]
Under the laws of Vietnam, e-commerce activity means conducting a part or the whole of the process of commercial activity by electronic means connected to the internet, mobile telecommunications network or other open networks. A commercial activity is activity for profit-making purposes, comprising purchase and sale of goods, provision of services, investment, commercial enhancement, and [...]
This week we wanted to highlight our upcoming legal guide for investment in Vietnam prepared by Associate Le Thanh Cong and Legal Assistant Pham Hoang Vu. This excerpt from the full guide covers investment support by the government for enterprises, particularly SMEs and technology startups, which is a subset of investment incentives offered under the [...]
Recently we prepared a memorandum for a major international organization related to data protection in Vietnam. It serves as a really good overview of the issue of how to treat data, both personal and corporate, and as such, I would like to include a version of that document here. What follows is a redacted and [...]
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 [...]
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 [...]
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 [...]
In the last few weeks there have been several pieces of legislation passed through the government and various ministries to assist the country and its citizens in their struggle with Covid-19 and the economic fallout of the last several months of lockdown. I asked one of out legal assistants to outline that legislation for me [...]
The Ministry of Industry and Trade (MOIT) under the Vietnam Competition and Consumer Authority (VCCA) has recently issued its report on economic concentration activities in Vietnam over the period from July 2019 to July 2021. (You can access the report in English on the MOIT's website here.) This article will briefly review some of the [...]
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, [...]