Vietnam

International: COVID-19 Global guide on public contracting

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In light of the global pandemic, governments across the globe are faced with urgent needs whose immediate coverage is a matter of life and death. Hence, these unusual and uncertain times call for rare and exceptional measures, and without much ado, governments around the globe have provided them. Common to all approaches is the will to enable public contractors to procure the urgently needed supplies to save lives and contain the pandemic without major bureaucratic hurdles.

Vietnam: Fintech regulatory landscape in Vietnam

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Financial technology, or fintech, has been transforming a wide range of financial services, receiving warm- welcomes by a fast growing number of adopters and attracting hundreds of billions of USD in global investment value in recent years. As at 30 September 2019, from only 0.4% in 2018, Vietnam rose to rank second in ASEAN in terms of fintech funding, attracting 36% of the regional investment, second only to Singapore with 51%. However, the financial areas transformed by fintech are quite limited, with 98% of the funding concentrated in the payment sector and 1% in blockchain tech related, according to a joint report by United Overseas Bank (UOB), PricewaterhouseCoopers (PwC) and (Singapore FinTech Association) SFA.  Vietnam is still considered as having limited fintech activities and remains an unlikely home base of choice for fintech firms. One of the factors largely impacting the local fintech growth include an unprepared regulatory framework where regulations mostly evolve around fintech in the payment industry.
Use PCI DSS To Achieve GDPR

How To Use PCI DSS To Achieve GDPR Compliance?

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With the GDPR (General Data Protection Regulation) now in effect, businesses across the EU are obliged to follow the regulation and compliant when it...

Asia Pacific: Webinar: COVID-19 and Supply Chains: Navigating the Immediate, Changing, Mid- and Longer-Term...

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In continuation of Baker McKenzie's Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to...

Vietnam Government Passes New Decree on Competition Law

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Vietnam Government passes new Decree guiding the implementation of a few provisions under the Competition LawOver a year after the passage of the Competition...

Vietnam: Draft Decree on Personal Data Protection

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In April 2019, the Ministry of Public Security (MPS) started developing an omnibus data protection decree as a sub-legislation to the Cybersecurity Law. This...

Vietnam: Temporary Suspension of Statutory Contributions for Enterprises

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In light of the complicated developments and unpredictability of the Coronavirus (COVID-19) pandemic, with aims to support enterprises and employees in dealing with difficulties...

Vietnam: Upcoming Tax Relief Measures in Response to Impact of COVID-19

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The Prime Minister issued Directive No. 11/CT-TTg on 04 March 2020 to assign the relevant ministries to implement action plans to support businesses experiencing...

Asia Pacific Regional Employment Update: COVID-19

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Following the release of the Asia Pacific regional update on COVID-19 in February, the Asia Pacific Employment & Compensation team has prepared a special...

Vietnam Increases Feed-in-Tariffs for Biomass Power Projects

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On 5 March 2020, the Prime Minister of Vietnam officially issued Decision No. 08 amending Decision No. 24/2014/QD-TTg dated 24 April 2014 ("Decision No....
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