Vietnam’s new PPP law bets on water investmentJun 01, 2023
Vietnam’s National Assembly approved the country’s new public-private partnership (PPP) law on 18 June, raising hopes that government PPPs in the country’s water and wastewater sector could fìnally be approaching a breakthrough. The new law, which has been in the works for over a year since a draft was released in May 2019, and which will come into force at the beginning of 2021, includes a guarantee for revenue risk-sharing that has thus far been missing from Vietnam’s PPP framework. The country will require significant private investment to keep up with investment needs, and has outlined multiple big PPPs including wastewater treatment plants in Ho Chi Minh City. Foreign investors have, however, remained cautious.
Vietnamese big businesses' leading role in national economic growthJan 04, 2023
The business community has been severely affected by the COVID-19 pandemic over the past two years. Big businesses suffered great damage, but even during the most difficult period, they supported the government’s pandemic prevention and control efforts, contributing to macro-economic stability and growth.
Public investment engine of growth for 2023Jan 04, 2023
Total public investment to be delivered in 2023 is expected to top VNĐ730 trillion ($31 billion), higher than the realised figure of VNĐ540 trillion in 2022.
M&A Risk in Vietnam – Can share deals and asset deals be used interchangeably?Jun 21, 2022
In a typical M&A operation, shares or assets of the target company may be assigned from the seller to the buyer. In a share deal, the buyer’s aim is to become one of the owners or the new owner of the target company by acquiring part or the whole of its equity capital.
Legal value of text in commercial transactionsJuly 12, 2021
In many cases, a document signed by an unauthorized person is still legally valid and binding the parties, but on what basis for us to know so? The following dispute resolved at an arbitration center shows the necessary precautions to be protected by the provisions of laws regulations and, even if the documents cannot be completed as usual or due to a lack of goodwill by one party in providing proper documents.
The Legal Framework For The Digitization Of Judicial ActivitiesJuly 04, 2021
Judicial practice demands strict procedural order as provided by law, so any change, including digitization, would require an appropriate legal framework.
Supporting Enterprises: Land Rental Payment Reduction Is More Favourable Than Value Added Tax ReductionJuly 04, 2021
With the aim of analyzing the reasonable points and shortcomings of business proposals for tax policies, Ms. Nguyen Thi Cuc, President of Vietnam Tax Consultants’ Association and an Arbitrator at Vietnam International Arbitration Center (VIAC), has suggested appropriate solutions for economic recovery tax.
Covid-19: What Solution For Dispute Resolution ActivitiesJuly 04, 2021
On March 10, 2020, Chief Justice of the Supreme People's Court Nguyen Hoa Binh issued the Urgent Directive No. 02/2020 on the prevention of COVID-19 epidemic in the People’s Court system. Accordingly, the Court will suspend accepting and settling disputes until the end of March 2020 and at the same time carry out preventive measures for individuals and organizations coming to work at the Court.
Legal And Policy Instrument In Supporting Enterprises Amidst Covid-19July 04, 2021
Following Assoc. Professor Do Van Dai’s commentaries in series of commentaries by Vietnam International Arbitration Center (VIAC), in this interview, Lawyer Truong Trong Nghia - National Assembly Member, Partner of YKVN Law Firm and Arbitrator of Vietnam International Arbitration Center (VIAC) will elaborate on the pandemic’s impacts on Vietnamese enterprises from a legal perspective. We hope to offer useful advice and minimize the underlying risks of enterprises.