Legal News
06 07 2021

Big data and AI are transforming the credit industry in Southeast Asia. This process is visible in Viet Nam where credit markets undergo rapid expansion. With some 60 million un(der)banked citizens short of credit history, digital credit scoring emerges as a magic tool to foster financial inclusion. This technology combines big data gleaned from smartphones and machine learning algorithms to assess borrowers’ creditworthiness. Despite its potential, this technology is being deployed in legal limbo. However, regulation is critical to foster fintech innovation while safeguarding the public interest.

05 19 2021

Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.

05 18 2021

The rapid growth of overseas investment into Vietnam in recent years has led to an increase in demand for highly qualified workers. In addition, the emergence of many new industries while domestic human resources cannot meet demand in quality and quantity have opened up attractive opportunities for foreign workers.

05 15 2021

Foreign investors maintained their trust in Vietnam despite countless difficulties last year and the country is viewed as a safe destination for development, a recent forum in Hanoi heard.

05 11 2021

Vietnamese startups are still drawing in local investment capital as they emerge as the most sought-after targets for dealmakers.

05 11 2021

With Vietnam tightening quarantine rules for foreign arrivals amid the backdrop of increased coronavirus cases in the community, the shortage of foreign employees will continue to linger.

05 07 2021

The number of spam messages and calls have dropped since the Government issued new regulations, but there has been a slight spike of unwanted communications recently.

05 05 2021

As of April 20, Viet Nam attracted US$12.25 billion in foreign direct investment (FDI), equivalent to 99.3 per cent compared to the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

05 05 2021

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

05 03 2021

Mergers and acquisitions can be an effective strategy to increase business value. Unfortunately, many transactions do not deliver their expected benefits due to a variety of breakdowns in the merger and integration process. Le Khanh Lam, tax partner at RSM Vietnam, explains how, by focusing on operational and process improvement, it is not too late to drive significant value to the organisation.

04 27 2021

Support is to be provided to small and medium – sized enterprises (SMEs) enabling them to use intellectual property (IP) rights to build stronger, more competitive and resilient businesses, said Dinh Huu Phi, Director of the Intellectual Property Office of Viet Nam.

04 27 2021

The Vietnamese economy could grow by about 6-6.3 per cent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research (VEPR) during a workshop recently held to announce the Vietnam Quarterly Macro-Economic Report.

04 07 2021

Viet Nam will lure more foreign investment in the high-tech sector by offering more incentives and amending requirements for high-tech businesses.

04 07 2021

The Government has issued a new decree aiming to promote the development of social housing.

04 01 2021

The Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Viet Nam.

03 24 2021

Viet Nam needs to develop a proper legal framework to manage e-commerce on social networks in the context that e-commerce was booming in the country, according to the Viet Nam Chamber of Commerce and Industry (VCCI).

03 18 2021

Domestic and international businesses are expected to benefit more from Vietnam’s future e-government development, as the completion of the long-awaited legal framework on shared data could be a way to improve the business climate amid stiffening regional competition.

03 14 2021

The Vietnamese tax watchdog hopes to tax sellers based in foreign countries but operating e-commerce businesses in Viet Nam.

03 11 2021

Prime Minister Nguyen Xuan Phuc has approved the pilot application of 'mobile money', which allows the use of mobile phone credit to pay for small-value goods and services.

03 10 2021

Viet Nam is improving its legal framework to promote the development of e-commerce with a focus on preventing trade fraud.

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