Commentary

- 04 / 07 / 2024 -
FROM JULY 01, 2024, SPECIFIC REGULATIONS ON CONDITIONS FOR ISSUING TELECOMMUNICATION OPERATING LICENSES
To meet the trend of transforming telecommunications infrastructure into digital infrastructure and to create a clear and equitable legal environment for businesses, the Telecommunications Law of 2023 has adjusted the conditions for issuing telecommunication operating licenses (in Article 38).   A license for installing telecommunications cables at sea is granted to Vietnamese or foreign organizations […]
- 04 / 07 / 2024 -
NEW REGULATIONS ON E-WALLETS AND PREPAID CARDS EFFECTIVE FROM JULY 1, 2024
Decree 52/2024/ND-CP has revised the definitions and regulations related to e-wallets and prepaid cards to meet practical demands and facilitate electronic transactions while enhancing the efficiency of state management in this sector. According to Article 6 of Decree 52/2024/ND-CP, the regulations on e-wallets and prepaid cards are as follows: E-wallets and prepaid cards are means […]
- 04 / 07 / 2024 -
PROHIBITED CONDUCT UNDER THE ELECTRONIC TRANSACTIONS LAW 2023
The Electronic Transactions Law of 2005 outlined prohibited conduct in electronic transactions. However, to keep pace with the current trend towards cashless payments, on June 22, 2023, the National Assembly issued the Electronic Transactions Law No. 20/2023/QH15, detailing the prohibited conduct as follows: According to Article 6 of the Electronic Transactions Law 2023, eight acts […]
- 04 / 07 / 2024 -
CIRCUMSTANCES LEADING TO THE SUSPENSION OF ACCOUNTING SERVICE PRACTICES
Circular No. 23/2024/TT-BTC stipulates amendments and additions to certain provisions of the Circulars guiding the management and inspection of accounting service activities, detailing the cases in which accounting service practices may be suspended. After more than three decades of development, Vietnam’s accounting and auditing service market has made positive strides. However, there are still instances […]
- 04 / 07 / 2024 -
WHO ARE CONSIDERED VULNERABLE CONSUMERS?
The 2023 Law on Consumer Protection defines specific responsibilities for businesses in their dealings with vulnerable consumer groups. This law builds on and enhances the provisions of the 2010 law, focusing on protecting these consumers and outlining the obligations of businesses toward them and consumers in general. Vulnerable Consumer Groups The law identifies seven groups […]
- 04 / 07 / 2024 -
REMOVING RETAIL ELECTRICITY FROM THE PRICE – STABILIZED GOODS AND SERVICES LIST
According to the 2023 Price Law, retail electricity is no longer included in the list of price-stabilized goods and services but is now part of the list of goods and services priced by the state. The 2023 Price Law introduces several fundamental changes aimed at encouraging price competition and decentralizing price management according to the […]
- 04 / 07 / 2024 -
SOME CHANGES ON REGULATIONS ON PURCHASE, SALE AND SETTLEMENT OF BAD DEBTS OF ASSET MANAGEMENT COMPANIES OF CREDIT INSTITUTIONS
From July 1, 2024, bad debts allowed to be traded and the plan to buy and sell bad debts at market prices will be changed according to Circular 03/2024/TT-NHNN   On May 16, 2024, the Governor of the State Bank of Vietnam issued Circular 03/2024/TT-NHNN amending Circular 19/2013/TT-NHNN regulating the purchase, sale and settlement of […]
- 04 / 07 / 2024 -
New regulations on the implementation of investment projects using land and online selection of investors by bidding method from 26/07/2024
New regulations on the implementation of investment projects using land and online selection of investors by bidding method from 26/07/2024   On June 12, 2024, the Ministry of Planning and Investment issued Circular 10/2024/TT-BKHDT. Accordingly, the Circular has amended and abolished a number of provisions in Circular 09/2021/TT-BKHDT on the implementation of investment projects using […]