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.

Coming into force from March 1, the Anti-Money Laundering Law is available on Official Gazette Nos 139-141 of 2022, with 66 articles arranged in four chapters, and contains several significant changes compared to its 2012 version.

Domestic and foreign experts gathered at a conference in Hanoi on March 17 to share international experience and lessons for Vietnam in organizing the enforcement of laws on anti-corruption.

By 2030, all poor households and individuals as well as policy beneficiaries will be able to access financial services of the Vietnam Bank for Social Policies (VBSP), according to the Strategy for development of the VBSP through 2030, recently approved under Prime Minister Decision 05/QD-TTg.

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.

The Ministry of Public Security (MPS) has recently unveiled a draft revised Law on Citizen Identification, which is scheduled to replace the 2014 Law on Citizen Identification, adding regulations on management and issuance of citizen’s identity cards (ID cards), inclusion of more information in ID cards, and development of electronic identification (e-ID).

The National Assembly Standing Committee wrapped up the 20th session on February 15.

The National Assembly (NA) Standing Committee commenced its 20th session in Hanoi on February 13 morning.

The State Bank of Vietnam (SBV) has recently released Circular 11/2022/TT-NHNN to improve the legal framework for bank guarantee to better suit international practices and comply with Vietnam’s relevant regulations such as the Law on Real Estate Business, Law on Investment, and Civil Code.

In the present reality, it remains difficult for law enforcement agencies to distinguish the crime of violating regulations on multilevel marketing (MLM) activities (specified in Article 217a of the 2015 Penal Code (the Code)) from the crime of appropriating property through swindling or deceiving customers (specified in Article 174 or 198 of the Code) and even from similar civil disputes, due to lack of explicit grounds. In this Article, the authors analyze and clarify the Code’s provisions on MLM-related crimes as well as their inadequacies and make some recommendations for improving those provisions with regard to the crime constituents.