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Official Gazette

Thursday, August 6, 2020
Tags: Ministry of Justice
The Governments e-notary service to be launched in July The Government’s e-notary service to be launched in July
The national public service portal will launch its e-notary service on July 1, minister and head of the Government Office, Mai Tien Dung, said at a recent meeting with agencies to prepare for the roll-out of the service designed to certify electronically copies of original documents.
Conditions for naturalization in Vietnam Conditions for naturalization in Vietnam
This Article provides conditions for foreigners who are children of Vietnamese citizens to be naturalized in Vietnam, as well as procedures for filing and processing of dossiers of application for Vietnamese citizenship.
Shaping a legal framework for cryptoassets in Vietnam Shaping a legal framework for cryptoassets in Vietnam
For the time being, there has been no unified definition of “cryptoasset” or “digital asset” or “virtual asset” in the world. According to the Financial Action Task Force (FATF), a global money laundering and terrorist financing watchdog, “a virtual asset is a digital representation of value that can be digitally traded, or transferred, and can be used for payment or investment purposes.”[1] Canada’s model legislation regarding digital assets, the Uniform Access to Digital Assets by Fiduciaries Act, defines “a digital asset” as “a record that is created, recorded, transmitted or stored in digital or other intangible form by electronic, magnetic or optical means or by any other similar means.”[2] Cryptocurrency (or virtual currency) is a form of cryptoassets (or virtual assets). There is also no unified definition of this term in the world.
Vietnam to declare nationwide COVID-19 epidemic Vietnam to declare nationwide COVID-19 epidemic
Prime Minister Nguyen Xuan Phuc agreed to declare the nationwide COVID-19 epidemic while chairing a meeting of the cabinet in Hanoi on March 30.
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.
Ministries demand more airports open to private investment Ministries demand more airports open to private investment
Five ministries have universally rejected a proposal by the transport ministry to restrict private investment in the country’s biggest airports and instead hand the job to a single company.
Bringing Vietnams criminal justice system in harmony with the convention against torture Bringing Vietnam’s criminal justice system in harmony with the convention against torture
The 1984 United Nations Convention against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment (UNCAT), one of the nine fundamental conventions on human rights, came into force on June 26, 1987, after being ratified by 20 member states[1]. Vietnam acceded to the UNCAT on November 7, 2013, and ratified it a year later. As a member state to the UNCAT, Vietnam has spared no efforts to build its legal system, particularly criminal justice laws including the Penal Code, Criminal Procedure Code, Law on Custody and Temporary Detention, Law on Execution of Criminal Judgments, Law on Organization of Criminal Investigation, etc., in conformity with the UNCAT.
Legislation on environmental protection tax - limitations and solutions for improvement Legislation on environmental protection tax - limitations and solutions for improvement
The 2010 Law on Environmental Protection Tax and guiding documents have provided an important economic instrument in protecting the environment in Vietnam. However, being the first of its kind, this Law still reveals some limitations affecting its effectiveness. This article highlights the loopholes related to the tax bases and proposes solutions for improvement.
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
Expat naturalization permanent residence in Vietnam Expat naturalization, permanent residence in Vietnam
In order to reside permanently in Vietnam and be eligible for naturalization in Vietnam, a foreign expat must apply for a permanent residence card, which has the same validity duration as a visa.

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