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Official Gazette

Sunday, May 22, 2022
Identifying legal capacity of a branch in civil transactions Identifying legal capacity of a branch in civil transactions
It is not uncommon to see a branch participating in daily business activities independently. However, although the Civil Code[1] and the Law on Enterprises[2] contain regulations supporting such activities by a branch, inconsistency in terms of the general principles under the law gives rise to a basic question of how to logically and accurately identify the legal capacity of a branch in civil transactions.
New decrees major changes to boost development of real estate business New decree’s major changes to boost development of real estate business
Government Decree 02 issued early this year, which elaborates some articles of the 2014 Law on Real Estate business, has been in effect since March 1. Issued to replace Decree 76 of 2015, the new Decree introduces several changes in order to solve existing problems in the real estate business as revealed during the enforcement of Decree 76; at the same time, Decree 02 partly meets practical needs of real estate business activities in recent years. Therefore, the new regulations are expected to create a momentum and promote the development of the real estate business market in the future.
How to suspend or dissolve a company in Vietnam How to suspend or dissolve a company in Vietnam
Many foreign business owners in Vietnam do not know how to suspend or close a company in Vietnam. In this article, our business support team from Bizspective Vietnam will walk you through the requirements, procedures, time frames, and fees to suspend a company in Vietnam or to close a company in Vietnam.
New rules set for stricter control of prize-winning video games for foreigners New rules set for stricter control of prize-winning video games for foreigners
The Government has recently released new rules to better manage prize-winning electronic games for non-nationals in Vietnam. The rules are provided in two decrees issued in late December 2021, namely Decree 121 and Decree 137.
National Assembly to focus on socio-economic recovery: top legislator National Assembly to focus on socio-economic recovery: top legislator
In the exuberant atmosphere of the New Year of the Tiger 2022, Politburo member and National Assembly Chairman Vuong Dinh Hue spoke with the local press on parliamentary activities in the first year of the 15th tenure and its priorities for 2022.
Safeguarding customer information: the need to clarify responsibility of banks and mobile service providers Safeguarding customer information: the need to clarify responsibility of banks and mobile service providers
Confidentiality of customer information in banking service is among very complicated issues as it concerns interests of customers and obligations of credit institutions as well as third parties that wish to access information. This article gives a brief evaluation of Vietnam’s general legal framework regulating customer information protection and the responsibility of banks and mobile service providers to safeguard customer information in fintech operations.
Special investment incentives rolled out to attract more foreign investment flows Special investment incentives rolled out to attract more foreign investment flows
The Prime Minister has recently issued Decision 29/2021/QD-TTg, providing the levels, duration, and conditions for the application of special incentives for investment projects specified in Article 20.2 of the 2020 Investment Law.
Legal framework governing security assets Legal framework governing security assets
Secured transactions play a vital role in securing the legitimate interests and reducing risks between the parties in transactions. Security assets are an important part of secured transactions. They are governed by Civil Code 91/2015/QH13 dated November 24, 2015 (the Civil Code), Government Decree 21 dated March 19, 2021, guiding the implementation of the Civil Code’s provisions on secured transactions (Decree 21) and other relevant legal texts. This article is confined to provide an overview of the current laws and regulations on security assets, focusing on new points of Decree 21.
Series of support policies adopted to help businesses recover from pandemic Series of support policies adopted to help businesses recover from pandemic
Since early this year, as the COVID-19 pandemic has seriously disrupted production and business activities in the country, a number of financial support packages have been launched by the National Assembly and Government to help enterprises overcome difficulties and to resume the economic growth.
New rule tightens up cross-border advertising activities New rule tightens up cross-border advertising activities
The Government has recently issued a decree revising some articles of Decree 181 of 2013 detailing the Law on Advertising with a view to guaranteeing equality for both local and foreign advertising businesses.

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