Vietnam Legal Update: New Competition Law Will be Effective Soon

Reading Time: 6 minutesOn July 1, 2019, the new Law on Competition (“2018 Law”) will take effect and it has some significant differences from the existing Law on Competition (“2014 Law”).  While certain details are yet to be determined, below we will outline some of the significant differences that businesses should note between the two laws.  In addition, […]

Vietnam Legal Update: Changes To Wind and Solar Power Feed-in-Tariff Deadlines

Reading Time: 2 minutesOn 10 September 2018, the Prime Minister issued Decision No. 39/2018/QD-TTg (“Decision 39”), amending Decision No. 37/2011/QD-TTg of the Prime Minister dated 29 June 2011 on mechanisms to support the development of wind power projects in Vietnam. Under Decision 39, the wind FIT (excluding VAT) will be VND 1,928 per kWh (equivalent to US cents […]

Vietnam Legal Updates: Bankruptcy Settlement Procedures

Reading Time: 3 minutesThe Ministry of Justice, the Supreme People’s Procuracy and the Supreme People’s Court issued Joint Circular No. 07/2018/TTLT-BTP-VKSNDTC-TANDTC dated 12 June 2018, on cooperation in enforcement of court’s decisions on bankruptcy settlements (“Joint Circular 07”), which came into effect on 1 August 2018. Joint Circular 07 sets forth new guidelines on cooperation in the procedures […]