Legal Updates

The State Securities Commission (SSC) aims to balance market development with risk management and investor protection, working towards upgrading Vietnam's status from a “frontier” to an “emerging” market.

Vietnam's robust economic growth, political stability and accommodative monetary policies have set a strong foundation for capital market expansion, yet challenges like low market liquidity and recent violations in the real estate sector are [...]

The Vietnamese Supreme Court decides that the procedures and time limit specified in the Vietnamese Law on Commercial Arbitration to issue an award ending an arbitration based on a settlement agreement do not apply to “foreign arbitral award” [...]

The YKVN team offers commentary on the newly introduced Law on Credit Institutions 2024, a backbone law in the Vietnamese legal system reflecting the SBV's commitment to restructuring and safeguarding the credit institution sector.

The YKVN team prepares a succinct update and gives remarks on the DPPA mechanism and suggests new business opportunities Decree 80 creates for enterprises in the energy sector.

Partner Eli Mazur and Counsel Nguyen Huong Giang discuss the bankability issues of Vietnam's Model PPA and propose revisions to attract foreign investment.

Partner Eli Mazur discusses cost-effective compliance approaches under Vietnamese Law related to the Personal Data Protection Decree.

This new regime will exert a significant impact on financing, capital markets and M&A transactions in Vietnam going forward.

Partner Nguyen Thu Hang outlines the key provisions of Decree No. 13/2023/ND-CP, Vietnam's first legal instrument for comprehensive personal data protection.

The amendment of FIDIC contracts governed by Vietnamese law using the approach taken by civil law systems is necessary, appropriate and correct because the current structure and provisions of Vietnamese law are already compatible with the [...]

Partner Thang Pham offers a recap of the inaugural Vietnam ADR Week that took place in Ho Chi Minh City from May 9th to May 12th, 2023.

Partner Eli Mazur discusses the emergency statutory regime applicable to obtaining market authorization for life-saving pharmaceuticals, medical devices and therapies to enter the Vietnamese market.

Vietnam Dispute Resolution Practice Overview

Foreign borrowings (including loans from foreign lenders and bonds issued internationally in foreign currencies) by local businesses are primarily monitored by the State Bank of Vietnam (the “SBV”) under Circular No. 12/2014/TT-NHNN (SBV, March [...]

Interest in blockchain technology in general, and crypto in particular, has grown exponentially.

The Draft Circular illustrates a determined effort by the SBV to tighten criteria applicable to foreign borrowings made by local businesses.

When a local hair salon owner with equity capital of less than USD1mi was able to raise USD32.4mil through corporate bonds, it prompted Vietnamese regulators to look into curbing the exuberance of the market.

More than a year ago, the long-awaited and ambitious legislative piece that governs merger control in Vietnam was issued and came into effect. The issuance of the Government’s Decree No. 35/2020/ND-CP dated March 24, 2020 that took effect on [...]

On September 25, 2020, the Ministry of Justice published the database on recognition and enforcement of foreign court judgments and decisions, and of foreign arbitral awards in Vietnam. The database comprises decisions of Vietnamese courts on [...]

In one of our transactions early this year, the buyer and seller had agreed to a generic MAC clause and signed the transaction documents. When Covid-19 reached Vietnam and lockdowns were implemented, the buyer utilized the generic MAC to [...]

Amid the wake of the Covid-19 pandemic, a majority of people and businesses have disproportionally been exposed to the income shortfall that has adversely impacted on their lives at subsistence level and business operation in various sectors. [...]

On January 23, 2020, the Prime Minister announced Covid-19 as a national pandemic. The situation caused by Covid-19 and the magnitude of containment measures to limit its spread approved by the authorities are having negative impacts on [...]

Following up on our last Covid-19 updates on Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of the Covid-19 Pandemic (“Directive 15”) (*) and Directive No. 16/CT-TTg on the Implementation of Immediate [...]

As the annual general meeting of shareholders (“AGM”) season is approaching and in given the unprecedented Covid-19 pandemic, the State Securities Committee (“SSC”) issued Official Letter No. 1916/UBCK-GSDC to public companies to provide [...]

Vietnam to implement 15 days of social distancing throughout the country, starting from April 1, 2020. Following up on our last Covid-19 Update regarding Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of [...]

In an attempt to cope with the unprecedented Covid-19 pandemic, Prime Minister Nguyen Xuan Phuc issued Directive No. 15/CT-TTg on the Resolute Implementation of the Peak Prevention Phase of the Covid-19 Pandemic (“Directive 15”). Directive 15 [...]