Vietnam

Following the release of the 15th draft on the Law on Cybersecurity in January, the National Assembly recently published the 16th draft on its website for public consultation that has further updated the local offices and data localization requirements for offshore telecommunications and Internet service providers.

The report provides a regular and profound overview of essential competition law developments that may affect your business operations in the region.

Building on the success of 2016’s “EMEA Corporate Liability Handbook,” we are pleased to present you with the first global edition that collates and describes in detail the corporate liability and corporate crime regimes of countries in Asia, EMEA and the Americas.

The Vietnamese Government issued Decision No5 and Circular No 20 setting the basic framework for reporting and responding to cyber security information incidents.

The National Assembly amended the 2015 Penal Code and introduced corporate criminal liability for certain violations and commercial bribery.

On 15 September 2017, the 5th draft of the new Competition Law (the 5th Draft) was published on the National Assembly Office Portal for public review and comments. The 5th Draft is being reviewed by the Standing Committee of the National Assembly and is expected to be passed in May 2018.

The aim of this quarterly is to give you a regular, brief practical overview of significant competition law developments that may affect your business operations in the region.

We have summarized the results of the compliance studies of the past 12 months and summarized the results in this post. Find out how you measure up against the benchmark.

We are very pleased to present you the latest edition of our Global Overview of Anti-Bribery Laws Handbook, updated with detailed information about key legislative and enforcement activity in the anti-bribery and corruption sphere.

A draft of the new Competition Law (Draft Law) has been recently posted on the Government Portal for public review and commentary. The finalized Draft Law is expected to be submitted to the National Assembly in October 2017 and adopted in May 2018.