Metaverse is one of the hottest buzzwords in technology today. Given its potential impact on both the real and virtual worlds, developments are being made to accommodate this new technology in multiple ways globally.

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.

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

The National Assembly has passed amendments to the Law on Construction, which will take effect from January 2021.

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.

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.

As Vietnam strives to forge a digital economy, there is a growing need to protect intellectual property rights.

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

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