The State Bank of Vietnam has released a draft circular amending Circular 40 of 2011, specifying conditions for enterprises to acquire or redeem capital contributions at joint-venture banks if fully meeting the law-prescribed conditions.

On November 30, 2022, the Government issued Decree 99 in replacement of Decree 102 of 2017 on registration of security interests, adding 12 new articles and amending 61 articles based on codification of relevant circulars of the Ministry of Justice.

Drastic measures are needed for Ho Chi Minh City - the country’s largest economic hub - to address a series of problems in a bid to speed up recovery, experts have said.

The upcoming visit by Prime Minister of the Grand Duchy of Luxembourg Xavier Bettel, the first by a Luxembourg PM to Vietnam in over 20 years, is expected to make the friendship and partnership between the two countries deeper and more substantive.

Vietnam’s GDP is projected to grow 5.8 percent this year, sharing the second position with Cambodia in the region, only after the Philippines, according to the International Monetary Fund.

Adopted in last November, the 66-article Anti-Money Laundering Law provides for measures to prevent, detect, stop and handle organizations and individuals committing acts of money laundering. It also defines responsibilities of agencies, organizations and individuals for money laundering prevention and combat and introduces provisions on international cooperation on money laundering prevention and combat.

Prime Minister Pham Minh Chinh chaired the Government’s online conference with localities and the Government's monthly meeting in Hanoi on April 3.

The State Securities Commission (SSC) will review the Law on Securities and related decrees to complete the legal framework, and strengthen sanctions for violations to protect the legitimate rights and interests of investors.

The State Bank of Vietnam is collecting comments on its draft revised Law on Credit Institutions to better ensure the safety of the banking system.

Limited liability companies (LLCs) and joint stock companies (JSCs) remain the two forms of companies that are most commonly used in practice in Vietnam. Sometimes, the choice may be difficult for a foreign investor, especially when he/she/it wants to cooperate with a local investor to set up a new company. This article provides an overview of the legal framework relating to LLCs and JSCs and suggests some practical inputs for reflection with respect to this topic.