New Rules for Securities

Below is a summary of major changes contemplated in the securities law by the National Assembly. This is taken from a larger article that will be published later by our firm managing partner. A private joint stock company will become a public company if it has a paid-up charter capital of VND 30 billion or [...]

By |2019-08-19T14:15:51+07:00August 19th, 2019|Banking and Finance, Securities and Capital markets|Comments Off on New Rules for Securities

Vietnam’s Corporate Governance Tested

Bui Quang Huy is in trouble. The former CEO of tech company Nhat Cuong General Technical Services is wanted by police for smuggling and now money laundering. He apparently invested money earned from the smuggling of electronics across the border into a subsidiary company and used that to hide the fact that he was syphoning [...]

By |2019-07-11T12:38:00+07:00July 11th, 2019|Business News, Securities and Capital markets, TMT-Technology, Media, Telecom|Comments Off on Vietnam’s Corporate Governance Tested

Corporate Governance Gets a Boost

To interrupt your regularly scheduled program, here's a bit of news that's both interesting and important. On 5 April 2018, a host of public companies, assisted by international non-governmental organizations, launched the Vietnam Institute of Directors ("VID"). The VID is designed to provide instruction to CEOs and directors of publicly traded companies. The instruction will [...]

New Penal Code and Corporate Criminal Liabilities

The National Assembly of Vietnam passed Penal Code No. 100/2015/QH13 (the “New Penal Code”) on 27 November 2015. However, due to technicalities and modifications by the issuance of Law No. 12/2017/QH14 on amendments to the Penal Code on 20 June 2017, the New Penal Code came into effect on 1 January 2018. Among the other [...]

Administrative sanctions in the securities market

On 1 November 2016 the Vietnamese Government issued Decree No. 145/2016/ND-CP (“Decree 145”) amending and supplementing Decree No. 108/2013/ND-CP (“Decree 108”) on sanctions against administrative violations in the securities market. The issuance of Decree 145 which is effective as of 15 December 2016 is considered as a necessary step to ensure that sanctions cover new [...]