New principles for energy efficiency

New principles for energy efficiency

The Ministry of Industry and Trade recently issued Circular No.25/2020/TT-BCT replacing a previous circular on efficient use of energy, and providing businesses with more straightforward procedures for registering and reporting on their energy efficiency plans. Baker McKenzie managing partner Frederick Burke and special counsel Nguyen Thanh Hai outline the key changes and how they affect enterprises.
Welcoming foreign experts to bolster economic comeback

Welcoming foreign experts to bolster economic comeback

Vietnam is taking a step forward by reopening borders for non-national workers and experts to help enterprises revive business.
Law change offers construction clarity

Law change offers construction clarity 1

The National Assembly has passed amendments to the Law on Construction, which will take effect from January 2021.
Landscape to shift through draft proposals for Law on Enterprises

Landscape to shift through draft proposals for Law on Enterprises

Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.
Draft law ensures consistent practice

Draft law ensures consistent practice

In order to continue improving Vietnam’s business environment, the Ministry of Planning and Investment is drafting two new laws, one of which will amend and supplement the current Law on Investment.
Consolidating protection for intellectual property rights

Consolidating protection for intellectual property rights

As Vietnam strives to forge a digital economy, there is a growing need to protect intellectual property rights.
Bracing for counterfeit trends and protecting IP ownership

Bracing for counterfeit trends and protecting IP ownership

Vietnam is amplifying its fight against trademark counterfeiting to further strengthen the confidence of investors and enterprises.
Rewiring intellectual property rules

Rewiring intellectual property rules

On June 14, the Vietnamese National Assembly passed a law amending and supplementing certain articles of the Law on Insurance Business and the  Law on Intellectual Property. The purpose of the move is to make national legislation compatible with the requi