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Official Gazette

Friday, June 5, 2020
Tags: provisions
State Bank devises measures to support enterprises during the pandemic State Bank devises measures to support enterprises during the pandemic
In furtherance of Prime Minister Directive 11, SBV on March 13 issued Circular 01 providing a number of measures to support enterprises affected by the COVID-19 pandemic, including debt rescheduling, remission and reduction of loan interests and fees, and maintaining debt groups for borrowers.
Validity of liquidated damages clause under Vietnams Law Validity of liquidated damages clause under Vietnam’s Law
Liquidated damages is one of the important remedies that are widely known in various types of contracts. However, the validity of liquidated damages clause is still an uncertain thing under Vietnam’s law, giving rise to a number of disputes over this clause when being applied in Vietnam.
Environmental protection assessment by foreign-invested enterprises Environmental protection assessment by foreign-invested enterprises
Managing Director of ASL LAW Pham Duy Khuong replies to a reader's queries regarding environmental impact assessment.
COVID-19 and the issue on exemption of civil liability for breach of payment obligations under loan agreements COVID-19 and the issue on exemption of civil liability for breach of payment obligations under loan agreements
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.
Vietnam adjusts entry regulations based on non-discriminatory principles Vietnam adjusts entry regulations based on non-discriminatory principles
Adjustments to Vietnam’s entry regulations amid the rapid and complicated developments of the COVID-19 pandemic are based on the principle of non-discrimination, said spokesperson of the Ministry of Foreign Affairs Le Thi Thu Hang on March 20.
How will the EVFTA contribute to more transparency? How will the EVFTA contribute to more transparency?
This article looks at the EU-Vietnam Free Trade Agreement (EVFTA), recently ratified by the EU Parliament, from the angle of transparency. Reviewing the road from WTO’s limited use of measures to improve transparency and reduce bribery in international trade to new generation FTAs, the paper examines headways made in mainstreaming transparency in practically all chapters of the trade agreement.
Official Gazette issues Nos 121-124/2019 issued on March 12 2020 Official Gazette issues Nos 121-124/2019, issued on March 12, 2020
Financing projects in industrial zones: a view from practice Financing projects in industrial zones: a view from practice
Industrial zones have become a popular investment destination for foreign businesses. It is common now in practice to finance projects carried out in industrial zones and/or to take security over real estate located in those industrial zones. However, since the legal framework on lease of land in industrial zones remains complicated and has its limitations, such financing may turn risky for credit institutions in certain circumstances and at some stages. This article tries to present some legal aspects of extension of credit secured by real estate in industrial zones and suggest how to manage legal risks for credit institutions.
Penalties for breach of construction contracts Penalties for breach of construction contracts
In the context that there are different regulations of the Civil Code, the Commercial Law and the Construction Law regarding the maximum amount of penalty for breach of construction contract, this article will discuss about two legal issues: (i) principles for resolution of the conflict of laws that regulate construction contracts between the Civil Code, the Commercial Law and the Construction Law and (ii) the maximum amount of penalty for breach of construction contracts (including both state-funded construction works and private construction works).
Government determines to substantially improve business environment Government determines to substantially improve business environment
In the coming time, Vietnam’s investment and business environment will be substantially improved in a bid to further raise the country’s competitiveness, according to Government Resolution 02 inked by Prime Minister Nguyen Xuan Phuc on the first day of 2020.

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