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 [...]