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Draft Guidelines on Out-of-Court Workouts (OCW)

Mr. Nguyen Hung Quang (Managing Partner of NHQuang&Associates, President of Vietnam International Commercial Mediation Center (VICMC)), presented the main contents of the Draft Model OCW principles at a meeting between the Vietnam Banks Association (VNBA) and the International Finance Corporation (IFC) under the World Bank Group (WBG).

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Legal Newsletter No. 08/2024

After eight years after the promulgation of the Law on Real Estate Business 2014, the implementation of this law still has many shortcomings, causing difficulties and hindering business activities, transactions in the real estate market. In order to remove obstacles, and difficulties from the remaining shortcomings, on November 28, 2023, the National Assembly promulgated the Law on Real Estate Business 2023, effective from August 1, 2024.

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Seminar: Bringing the Law on Capital 2024 to Life

The Law on Capital 2024 was recently passed by the 15th National Assembly at its 7th session. The Law on Capital (amended) comprises 7 Chapters and 54 Articles — an increase of 3 Chapters and 27 Articles compared to the Law on Capital 2012. The Law introduces a range of new policies and special mechanisms, […]

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Legal Newsletter No. 07/2024

Decree 01/2021/ND-CP on enterprise registration (Decree 01) has positively impacted administrative procedure reform in enterprise registration but also revealed certain shortcomings. Therefore, the Ministry of Planning and Investment is currently developing a draft to amend and supplement several provisions of Decree 01 in order to tackle the drawbacks of this Decree and to continue promoting administrative procedure reform.

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Legal Newsletter No. 06/2024

After more than 15 years of implementation, certain provisions of the applicable Law on CIT have shown inadequacies and are no longer suitable for the current economic context. Consequently, the Ministry of Finance has developed a project dossier of the Law on CIT (amended) (the Draft Law) to submit to the Government with the goal of institutionalizing guidelines and policies on reforming the CIT policy system, meeting practical and new development requirements of the economy, and ensuring the synchronization of the legal system.

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