Latest News

Decree No. 163/2017/ND-CP on provision of logistics services issued by the Government on 30th December 2017 has replaced Decree No. 140/2007/ND-CP providing detailed regulations on the Commercial Law regarding conditions for engaging in logistic services business, and limitations on liability of logistic services business traders
Notable points of new Decree 09/2018/ND-CP replacing Decree 23/2007/ND-CP regarding the activities of goods trading and direct related activities of foreign-invested enterprises in Vietnam
Article 292 of Criminal Code to be removed
Organization involved in conditional construction activities will be granted certificate of capacity
Time for making complaint on audit report will be 30 days from the date of receipt of the report
New Law on Import, Export Tax comes into effect
New regulation on money brokerage
Amendment on regulation on operation of lending, borrowing; sale, purchase of valuable papers with term among credit institutions, branches of foreign banks
New regulation on registration of mortgage of land-use rights and on-land assets
New regulation guiding implementation of some contents of the Law on Housing and the Decree No. 99/2015/ND-CP guiding a number of articles of the Law on Housing
New Circular 10/2016/TT-NHNN guiding offshore portfolio investment
New Circular guiding implementation of investment incentives in the Law on Investment No. 67/2014/QH13 and Decree No. 118/2015/ND-CP
Several new content of the Civil Code 2015
New Decree on representative offices and branches of foreign companies
Security companies will "cut off" the margin trading for foreign investors from 1 July 2016
New regulation on foreign loans
Postponement of the new Penal Code 2015
Financial obligations of employers and employees in favor of employees
New Law on Enterprise and Law on Investment – New favorable conditions for businesses
New Law on Entry, Exit, Transit and Residence Foreigners – a closer step for Vietnam’s integration into the world
Vietnam opened more Market to FDI in Logistics Business
Vietnam is about to issue a more liberated housing regulation to foreigners
The use of foreign currencies in contract and transaction in Vietnam
“Golden” share in Shareholding Company (JSC)

Activities

Ms. Thuy Anh, A-PAC executive director, delivers speech at the seminar on practical issues occurred during civil proceedings

A-PAC's Members

Picture taken after the discussion on cooperation between members of Aichi Law Association (Japan) with A-PAC

Le Phan Thuy Anh, executive director, in discussion with Tran Hong Lan (standing), member, in charge of financial&banking sector

Celebration in Sofitel Metropole Hotel (Hanoi) on the occasion of publication of legal article by Noguchi Shingo at Japanese Business Association

Japanese Partner

New regulation on foreign loans

On 26 February 2016, the State Bank of Vietnam (SBV) has issued Circular 03/2016/TT-NHNN, taking effect from 15 April 2016, replacing Circular 09/2004/TT-NHNN and Circular 25/2014/TT-NHNN. Further, on 15 April 2016, SBV issued Circular 05/2016/TT-NHNN amending and supplementing a number of Articles of Circular 03/2016/TT-NHNN. Notable changes under Circular 03 include:

Ø Importing goods on deferred payment is no longer requires registration with SBV;

Ø Loan registrations and quarterly reports can now be filed in hard copy at SBV or electronically via SBV’s website www.sbv.gov.vn or www.qlnh-sbv.cic.org.vn;

Ø A number of new documents is additionally requested for registration of medium and long-term loans (e.g. explanatory report on the satisfaction of conditions on use of the initial loan (together with documentary evidence) and a repayment plan for the extended loan);

Ø Non-FDI-enterprise must open a bank account for the purposes of foreign loan while FDI enterprises keep using their direct investment capital bank accounts for foreign loan purpose;

Ø A number instances where only a written notification (rather than a formal registration) with SBV is required (e.g. change of address of the borrower within the province/city where the borrower is headquartered, change of trade names, etc.)