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Category: Regulations

New Vietnam Decree adds enhanced digital media regulations, ruffles feathers

Of note, the new Decree has sparked interest from abroad on the grounds that it will largely apply to cross border service providers and looks a lot like it is designed to crack down on anti-government speech, and this is probably true. However, it’s also worth noting that social media has become central to a huge amount of trade in Vietnam…

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Vietnam’s Law on Securities: Overview 2024

The Law on Securities defines the scope and application of regulations governing the issuance, trading, investment, and provision of securities services in Vietnam. It applies to Vietnam’s securities industry, to both domestic and foreign entities, including public companies, securities firms, and investors operating in the Vietnamese market.

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Vietnam’s Pharmaceuticals Law: Overview 2024

Vietnam’s Pharmaceuticals Law regulates the production, distribution, and use of pharmaceutical products to ensure their safety, efficacy, and quality. It establishes strict standards for drug registration, licensing, and compliance, and mandates oversight by the Ministry of Health to protect public health and promote the development of the domestic pharmaceutical industry.

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Vietnam’s Law on Cinema: Overview 2024

Vietnam’s Law on Cinema 2022 regulates film production, distribution, and exhibition. This is an important piece of legislation for businesses operating in creative industries as it contains a number of key regulations unique to Vietnam.

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Vietnam’s Economics Needs Tests for Foreign Retailers in 2024

In Vietnam, the Economic Needs Test applies to foreign-invested enterprises wishing to open retail outlets beyond their first store. The ENT process is designed to assess whether the opening of additional retail stores would meet the local economic demand. This can take time and effort, however, it is a necessary

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Human Resources in Vietnam: Ultimate Guide 2024

Vietnam’s human resources landscape is undergoing significant transformation as the country integrates more into the global economy. With rapid economic growth, companies are increasingly focused on strategic HR management to align with both local and international standards. With all of this in mind, this article looks at the key human resources related factors foreign firms should be aware of when operating in Vietnam.

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Labour Contracts in Vietnam: Ultimate Guide 2024

In Vietnam, labour contracts are governed by the Labour Code, which establishes the rights and obligations of both employers and employees. Labour contracts must be clearly defined and meet specific legal requirements to ensure the protection of both parties. Here is a detailed overview of the key elements of labour contracts in Vietnam:

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Vietnam’s Law on Housing in 2024

The Law on Housing 2023 represents a comprehensive update to Vietnam’s housing regulations. It aims to create a more transparent, equitable, and sustainable housing sector by introducing stringent standards for development, ownership, and management.

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Vietnam’s Law on Real Estate Businesses in 2024

Vietnam’s Law on Real Estate Businesses 2023, enacted by the National Assembly of Vietnam, marks a significant update to the regulatory framework governing the real estate sector. This new law aims to address various challenges within the industry by focusing on transparency, consumer protection, and sustainable development.

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Foreign Investment in Education in Vietnam (Decree 86)

Decree 86 is a key piece of legislation in Vietnam that regulates foreign investment in the education sector. Issued on June 6, 2018, this decree provides detailed guidelines on the establishment and operation of foreign-invested educational institutions and cooperation projects in Vietnam. It plays a crucial role in Vietnam’s broader effort to internationalise its education system while ensuring compliance with national educational standards and policies.

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Vietnam’s Law on Education for Foreign Firms 2024

Vietnam’s Law on Education recognizes the growing importance of private and international educational institutions in enhancing the country’s educational offerings. This is in response to increasing demand for diverse educational options, driven by economic growth, a rising middle class, and international integration. The government regulates these institutions to ensure they meet quality standards while also encouraging their growth as part of a multi-tiered education system.

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Liquor Licences in Vietnam 2024

In Vietnam, liquor licences are mandatory for businesses involved in the production, distribution, retail, or import/export of alcoholic beverages. The licensing process is regulated by the Ministry of Industry and Trade (MOIT) and other relevant authorities depending on the type and scale of the business. Vietnam has specific regulations for different types of alcoholic products, such as beer, wine, and spirits. Obtaining a liquor licence is essential for legal compliance and ensures that businesses adhere to safety, taxation, and distribution laws.

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Food Safety Certification in Vietnam 2024

Food safety certification plays a vital role in Vietnam’s growing food industry, ensuring that businesses maintain high safety standards to protect consumers and meet regulatory requirements. Obtaining the appropriate certifications allows businesses to operate legally, improve their reputation, and compete in both local and international markets. Compliance with these certifications demonstrates a commitment to food safety and quality, contributing to the long-term success of the business and the overall safety of Vietnam’s food supply chain.

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Product Quality Self-Declarations in Vietnam 2024

In Vietnam, self-declaration of product quality is a regulatory process that allows businesses to declare that their products comply with relevant food safety and quality standards without needing prior approval from the authorities. This procedure is governed by Decree 15/2018/ND-CP, which provides detailed guidelines on the food safety law in

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Capital Gains Tax in Vietnam 2024

Capital gains tax in Vietnam–more commonly referred to by its acronym CGT–is a tax on profits earned from the sale or transfer of assets, such as securities, real estate, or capital in a business. The tax applies to both individuals and corporations, but the rates and methods of calculation vary depending on the type of asset and the entity involved. Here are the key details.

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Key Internet Services Regulations in Vietnam 2024

At the heart of Vietnam’s internet services regulations is Decree No. 72/2013/ND-CP on the Management, Provision, and Use of Internet Services and Online Information. This was issued by the Government of Vietnam on July 15, 2013, and took effect on September 1, 2013. This decree sets forth the legal framework for the management and use of internet services, online information, and related activities in Vietnam…

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Vietnam’s Law on Cybersecurity: Quick Guide 2024

Vietnam’s Law on Cybersecurity was passed by the National Assembly of Vietnam on June 12, 2018, and took effect on January 1, 2019. The law sets out specific provisions regarding the responsibilities of organisations and individuals in securing networks and data in Vietnam. This article breaks down the key details.

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Vietnam’s Personal Data Protection Decree for Foreign Firms

Vietnam’s Personal Data Protection Decree sets out comprehensive guidelines for foreign firms operating within the country to ensure robust protection of personal data. In addition, the decree establishes strict requirements for the transfer of personal data abroad. Depending on  foreign firms’ operations in Vietnam, an understanding of this Decree could be crucial to ensuring a firm’s operations run smoothly. With this in mind, this article breaks down key sections of the Decree…

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Vietnam’s Labour Law for Foreign Firms in 2024: Quick Read

The most recent iteration of Vietnam’s Labour Law, the Labour Code 2019, contains details on hiring and firing, employee leave entitlements, and regulates working hours and overtime. The Labour Code, however, is quite dense and can be quite nuanced. In light of this, this Quick Read runs through the most important parts and should hopefully provide the key details foreign firms, that are looking to establish a business in Vietnam, might need…

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