The State Bank of Vietnam is planning to apply on a pilot basis a regulatory sandbox allowing fintech companies to provide some banking services from 2021.

The first “Cashless Day” of Vietnam was held on June 16 with a series of events designed to encourage non-cash payment in the country.

Prime Minister Nguyen Xuan Phuc on April 28 inked Decision 588/QD-TTg approving the birth rate adjustment program toward 2030 which encourages people to get married before they are 30 and have children early, preferably before 35.

Under the scope of this article, the authors concentrate on force majeure to excuse civil liability under the laws of Vietnam, and the issues relevant to the implementation of loan agreements in the context of COVID-19.

The case of Cocobay stirs concerns about the future of condotel complexes, a type of property projects which has been mushrooming all over the country in the past few years. It also gives rise to an urgent need to shape a legal framework for condotel development, ownership and management which would facilitate the operation of real estate developers and investors as well as state management work of authorities.

The Vietnam Chamber of Commerce and Industry has recently submitted a document to the Ministry of Planning and Investment, proposing the removal of the condominium management service from the list of conditional business investment lines in the amended Investment Law.

Local media last month reported that nearly 400 Chinese nationals were detained after a police raid on July 27 on a gambling den in Our City urban center in the northern city of Haiphong.

The draft amended Labor Code is expected to be submitted to the National Assembly at its upcoming session this October. However, for the time being, opinions remain divergent on a number of issues such as shortening of working time and increase of the maximum overtime.

Local media last month reported that Asanzo, a local electronics manufacturer currently holding more than 16 percent of Vietnam’s TV receiver market share, did not produce but imported spare parts from China, then assembled them into finished products with “Made in Vietnam” labels for domestic sale.

In Vietnam today, the term “fintech - financial technology” has become more and more popular. Particularly in the field of intermediary payment services, there has been a tremendous increase in the number of e-payments, especially mobile payments via e-wallets, over the past few years. Let’s examine the situation of the mobile payment sector as well as measures to be taken by state authorities to facilitate business operations while ensuring payment security and safety.