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DNH Law enters into alliance with Low & Partners, a full-service ALB award-winning law firm in Malaysia.

Ho Chi Minh City, 10 August 2022 – VietnamDNH Law enters into a full cooperation pack with Low & Partners, an award-winning law firm in Malaysia.

“Our clients will benefit from the far-reach and the top quality offered by both DNH Law and its partners across the globe. We help clients do business and guard their interests in foreign commerce,” remarked Mr. Hau, Managing Partner of DNH Law. “Low & Partners is a very competent law firm in Malaysia. We are extremely happy to work with Dato’ Andy Low, an energetic visionary law practitioner.”

In addition to our partner firm in Malaysia, DNH Law has also established alliance with law firms in China’s major cities (Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, etc.), Singapore, and Cambodia. We will continue to expand its legal network alliance for our clients.

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2nd draft decree by SBV on fintech sandbox rules

Fintech

The second draft has also been released several months ago in April 2022.  This draft will go through the comments and opinion gatherings from banks, credit and financial institutions, relevant ministries, and if all go well, then the Government will give its nod to the rule. We have provided some main take-aways from this draft in our Client Alert.

Please download here.

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Hanoi City Chairman and Health Minister detained

Post pandemic fallouts and clean up lead to both chairman of Hanoi, the capital city and the health minister were removed from their official positions and the party. Both were then detained one day after for their involvement in the “test kit” under the table payments by the importer.

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Cryptocurrency Legal Framework

As cryptocurrency is gaining ground in Vietnam, certain legal framework on cryptocurrency is expected before 2023 as Vietnam is moving fast on the digital economy highway.  The Ministry of Finance MOF has been recently tasked with the rule-making responsibility by the government.

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Power Development Plan new draft

It is reported that a new draft PDP has been submitted by MOIT.  The reported 2030 goal for renewable is double of the 2021 installed capacity reach about 140GW, or accounting for 27% of the total installed capacity.  No nuclear is reportedly mentioned.

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Reported new “24-hour take down rule” being proposed

Amid recent public announcement of detentions of certain high profiled persons in Vietnam on the allegations that the persons are abusing the liberty rights by posting certain false information on the social media,  it is also reported that “24-hour take down”rule is being discussed for be implemented by the government.  Facebook, Twitter, Tik Tok are all forms of popular social medal outlets in Vietnam.