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Venture North Law Limited (VNLaw) is a Vietnamese law firm established by Nguyen Quang Vu, a business lawyer with more than 17 years of experience…
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Venture North Law | Vietnam | 27 Oct 2021

Can the parties agree to have a unanimous award in an arbitration agreement?

It is not clear if under Vietnamese law, the parties can agree in an arbitration agreement that the award of the tribunal must be a unanimous award…
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Venture North Law | Vietnam | 30 Sep 2021

New guidance on issuance of Land use right certificate

On 30 June 2021, MONRE issued Circular 09/2021, amending some regulations on the issuance of land use right certificate (LURC). Key takeaways from…
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Venture North Law | Vietnam | 30 Sep 2021

Deferred payment foreign loan

Under Circular 03 of the State Bank dated 26 February 2016 on foreign exchange control of foreign loan and repayment by enterprises, as amended…
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Venture North Law | Vietnam | 30 Sep 2021

Decree 15/2021 on management of construction investment projects

On 3 March 2021, the Government issued Decree 15 detailing a number of provisions on management of construction investment projects (Decree 15/2021)…
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Venture North Law | Vietnam | 30 Sep 2021

Importing LNG for LNG power plant

1. Pursuant to Article 6 of Decree 87 of the Government dated 13 March 2018 on gas trading (Decree 87), an entity involving in the import of LNG for…
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Venture North Law | Vietnam | 31 Aug 2021

Applicability of Vietnam Anti-Money Laundering Law (AML) to offshore financial institutions

Under the AML Law 2012, an entity will be subject to the requirement to conduct KYC or submit AML reports to the SBV if it is, among others, a finance…
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Venture North Law | Vietnam | 30 Aug 2021

Foreign governing law for contracts between foreign-owned companies in Vietnam

For contracts between a foreign-owned company (i.e., companies which are owned and controlled by foreign investors) and other companies in Vietnam…
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Venture North Law | Vietnam | 30 Aug 2021

Draft New Decree on Personal Data Protection in Vietnam

On 9 February 2021, the Ministry of Public Security issued a draft decree on the protection of personal data (Draft Decree). This decree, once enacted…
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Venture North Law | Vietnam | 30 Aug 2021

Raising operating capital of a general finance company

1. At law, general finance company is defined as a finance company, which is permitted to carry out activities under the Credit Institutions Law 2010…
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Venture North Law | Vietnam | 30 Jul 2021

Regulations governing debt sale and purchase business activity

Currently, the debt sale and purchase activity of entities not being credit institutions is no longer a conditional business activity. Specifically…
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