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

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

El-Salvador, Cryptocurrency, and Vietnam

As I've written before, Vietnam currently views cryptocurrency as a prohibited form of payment (see Cryptocurrency in Vietnam). The State Bank of Vietnam (SBV) has repeatedly made it clear that it does not recognize cryptocurrency or any digital currency as legal tender. Although a recent program initiated a pilot program for e-money (see Mobile Money [...]

By |2021-06-14T03:34:15+07:00June 14th, 2021|Banking and Finance, Legal News, TMT-Technology, Media, Telecom|Comments Off on El-Salvador, Cryptocurrency, and Vietnam

New Online Advertising Restrictions in Vietnam

by Steven Jacob, Foreign Associate While I have written largely about Fintech issues in this blog, the scope of my responsibilities extends to other areas involving technology and media. This week, therefore, I am going to write on a subject that has caused a bit of a stir in Vietnam regarding the regulations that just [...]

By |2021-06-07T05:57:12+07:00June 7th, 2021|Legal News, Publications, TMT-Technology, Media, Telecom|Comments Off on New Online Advertising Restrictions in Vietnam

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
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