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China Imposes Export Ban on Key Materials for Chip Production to the U.S.

China Imposes Export Ban on Key Materials for Chip Production to the U.S.

Nikkei Asia – China has announced it will tighten regulations on the export of key materials for chip production, including gallium, germanium, and other critical substances, in response to the U.S.'s new export controls on Chinese companies.

31 December 2024

ANNOUNCE TWO NEWLY-ADOPTED AMENDED LAWS

ANNOUNCE TWO NEWLY-ADOPTED AMENDED LAWS

The Office of the President announced the promulgation of two Laws passed by the National Assembly at the 5th extraordinary session, including the Land Law (amended) and the Law on Credit Institutions (amended).

29 February 2024

[LEGAL UDATE DECEMBER 2024] DECREE NO. 117/2024/ND-CP 

[LEGAL UDATE DECEMBER 2024] DECREE NO. 117/2024/ND-CP 

On September 18, 2024, the Government issued Decree No. 117/2024/ND-CP, amending and supplementing several provisions of Decree No. 82/2020/ND-CP on administrative sanctions in the fields of judicial assistance, judicial administration, marriage and family, civil judgment enforcement, and bankruptcy of enterprises and cooperatives. The decree takes effect on November 15, 2024, with the following key highlights: 

31 December 2024

FORUM BRINGS BUSINESSES FROM FIVE ASEAN COUNTRIES TOGETHER

FORUM BRINGS BUSINESSES FROM FIVE ASEAN COUNTRIES TOGETHER

A business forum connecting enterprises from the five ASEAN member countries of Thailand, Vietnam, Cambodia, Laos, and Myanmar took place in Thailand’s Udon Thani province from November 17–19.

29 February 2024

MORE INCENTIVES ON OFFER FOR INFRASTRUCTURE INVESTMENT IN HI-TECH PARKS

MORE INCENTIVES ON OFFER FOR INFRASTRUCTURE INVESTMENT IN HI-TECH PARKS

The Vietnamese government's efforts to attract more investment in high-tech parks through the implementation Decree No. 10/2024/ND-CP, dated 1st February 2024, the government plans to offer land lease incentives, preferential corporate income tax rates, and streamlined administrative procedures to encourage infrastructure investment in these parks.

29 February 2024

[LU 12.2024] DECREE 125/2024/ND-CP 

[LU 12.2024] DECREE 125/2024/ND-CP 

On November 20, 2024, Decree 125/2024/ND-CP regulating conditions for investment and operation in the field of education officially took effect, replacing Decree 46/2017/ND-CP, with many innovations in regulations on conditions for investment and operation in the field of education. Here are the new highlights: 

31 December 2024

HOW TO PROMOTE CIRCULAR ECONOMY?

HOW TO PROMOTE CIRCULAR ECONOMY?

The circular economy and green finance should be considered priority areas to implement the National Strategy on Green Growth for the 2021–2030 period and the vision for 2050.

29 February 2024

VIETNAM PREDICTED TO BE AMONG WORLD’S TOP 20 LARGEST CONSUMER MARKETS

VIETNAM PREDICTED TO BE AMONG WORLD’S TOP 20 LARGEST CONSUMER MARKETS

China is forecast to top the list, with an estimated 1 billion or more consumers by that time, followed by India with 773 million.

29 February 2024

STATE BANK DECIDES TO CUT REFINANCE INTEREST RATE FROM APRIL 3

STATE BANK DECIDES TO CUT REFINANCE INTEREST RATE FROM APRIL 3

The State Bank (SBV) has just announced that it will reduce the refinancing interest rate by 0.5 percentage points to 5.5% from April 3 to support economic growth.

29 February 2024

[LEGAL NEWSLETTER OCTOBER, 2024]   DECREE NO. 118/2024/NĐ-CP

[LEGAL NEWSLETTER OCTOBER, 2024] DECREE NO. 118/2024/NĐ-CP

On October 10, 2024, the Government issued Decree No. 128/2024/NĐ-CP amending and supplementing several provisions of Decree No. 81/2018/NĐ-CP dated May 22, 2018 ("Decree 81") of the Government, which provides detailed regulations on the Law on Commerce regarding commercial promotion activities ("Decree 128"). Decree 128 will take effect on December 1, 2024. Below is a summary of the key points of Decree 128:

31 October 2024

LEGAL NEWSLETTER OCTOBER, 2024 | DECREE NO. 110/2024/NĐ-CP ON SOCIAL WORK

LEGAL NEWSLETTER OCTOBER, 2024 | DECREE NO. 110/2024/NĐ-CP ON SOCIAL WORK

Decree No. 110/2024/NĐ-CP, issued on August 30, 2024, regulates social work in Vietnam and takes effect from October 15, 2024 ("Decree 110"). This decree outlines the rights and obligations of individuals involved in social work, social work practitioners, as well as the processes and conditions for practicing social work. Below is a summary of the key points of Decree 110:

31 October 2024

CIRCULAR 09/2024/TT-BTTTT

CIRCULAR 09/2024/TT-BTTTT

On October 15, 2024, Circular 09/2024/TT-BTTTT issued by the Ministry of Information and Communications (“Circular 09/2024”) officially took effect. This Circular specifies the list of sectors and the period during which individuals holding positions or authority in state agencies under the Ministry of Information and Communications, after leaving their positions, are prohibited from establishing or holding managerial positions in private enterprises, companies, or cooperatives. Regulations apply to fields such as journalism, publishing, radio, television, telecommunications and information technology... fields under the management of the Ministry of Information and Communications.

31 October 2024

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