A Guide to the Important Points for Cross-border E-Commerce Providers and Foreign Investors It's been coming. We've been talking about the new regime for e-commerce and other elements of the internet for ages it seems. When will Vietnam finally issue their new rules for governing e-commerce, and specifically, for governing cross-border e-commerce providers? On September [...]
Again this week a Vietnamese e-commerce company is in the news for receiving multiple millions of dollars in funding from international Venture Capitalists. Fika, a dating app targeted at female users (see TechinAsia story here) was funded with one and a half million. The founders, while not Vietnamese, live and work in Vietnam and their [...]
Last week it was announced that Singapore company Sky Mavis raised 152 million USD on a valuation of three billion from major players in the Venture Capital universe. While I am not privy to the full structure of Sky Mavis, it is owned and operated by Vietnamese developers living in Ho Chi Minh City. It [...]
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 [...]
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 [...]
From the outset of the Covid-19 pandemic in the beginning of 2020, employers and workers have all be hit hard by the economic downturn that resulted. In Vietnam, with a population of nearly 100 million people, the pandemic has only recently caused a major reduction in the need for human capital. But that reduction has [...]
As it was Independence Day this past week, I thought it would be a good time to review the major legal developments in Vietnam of the last year. Particularly as one of our lawyers conveniently prepared a list of the major developments in the law over. The past 12 months have seen a slew of [...]
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 [...]
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. [...]