Vietnam

Vietnam: Key highlights of new duty treatment regime applied to exported/imported goods

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The government recently issued Decree No. 18/2021/ND-CP (“Decree No. 18”), amending a number of provisions under Decree No. 134/2016/ND-CP and elaborating on the Law on Export and Import Duties. The new decree comes into force on 25 April 2021.

Vietnam: Asia Pacific Competition Highlights, Q12021

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Regulators continue to review economic concentration notifications Vietnam issues draft Decree on the management of costs incurred in competition procedures

Vietnam: Asia Pacific Competition Highlights, Q1 2021

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Regulators continue to review economic concentration notifications Vietnam issues draft Decree on the management of costs incurred in competition proceduresIn Q1 2021, the Ministry of Industry and Trade (MOIT) cleared 11 economic concentration notifications, most of which were acquisitions. The Ministry of Finance issues a draft Decree regulating the management, use and settlement of expenses relating to several competition proceedings. 

Asia Pacific Competition Highlights April 2021

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Read publicationIn this regional update, we provide you with a practical overview of the most notable antitrust legal developments of the first quarter in...

Vietnam: Updates on enforcement trend – Vietnam as medical device industry comes under increased...

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In brief Recently, the Vietnamese authorities have heightened scrutiny over compliance in the medical device industry, especially in relation to device prices and public tenders....

Vietnam: Draft circular proposing substances whose usage is banned in the production and trading...

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In brief The Ministry of Health ("MOH") has published a draft circular dated December 2020, proposing the publication of lists of substances whose usage is...

Vietnam: Pilot program for mobile money ̶ a government initiative toward a cashless society...

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On 9 March 2021, the Prime Minister issued Decision No. 316/QD-TTg, which takes immediate effect, to allow a pilot program for mobile money service (MMS), under which telecommunication accounts can be used to make payment for small value transactions. The pilot program will run for two years from the first enterprise being approved to pilot the MMS, and the result of the pilot program will be used by regulators to design concrete legislation.The MMS pilot program is designed to encourage financial inclusion and promote a cashless society, and rural, mountainous and remote areas will be prioritized for implementation. MMS can only be provided for payment of legal domestic transactions in Vietnamese dong, and payment for goods and services provided on a cross-border basis is not allowed.

Vietnam: Vietnam’s New Investment Landscape

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Vietnam is projected to be the only ASEAN economy to report growth following the emergence of the global COVID-19 pandemic. With the ratification of...

Vietnam: Updates to the new draft circular on the corporate synthetic DPPA pilot program...

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The Ministry of Industry and Trade of Vietnam (MOIT) recently released a new draft circular regarding the implementation of the pilot program for direct power purchase agreement (DPPA) mechanisms between renewable energy developers/power generation companies and private power buyers/consumers ("New Draft DPPA Circular").1 

Vietnam: New circular on tariff determination and model power purchase agreement (PPA) for IPP/private...

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The Ministry of Industry and Trade of Vietnam (MOIT) recently issued Circular No. 57/20201 replacing Circular No. 56/2014,2 on the method of determining tariffs and PPA negotiation and appraisal procedures for conventional power projects (including LNG-to-power, hydropower and other thermal power). Circular No. 57 generally retains the key principles on tariff determination and negotiation of the PPA draft, and provides for, among other things, updates to the principles and method of determining tariffs and the re-introduction of re-negotiation on tariffs and the PPA based on the finalized investment capital of the project. Circular No. 57 aims to provide for a more streamlined regulation with regard to the negotiation and implementation of tariff and the PPA, which is one of the key concerns of investors/developers of conventional power projects.
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