Virtual assets in Vietnam: a regulatory outlook

Virtual assets in Vietnam: a regulatory outlook

With the rapid development of digital technology, Vietnam has yet to officially acknowledge virtual assets.
Investors must be wary of the status of digital assets

Investors must be wary of the status of digital assets

Vietnamese laws are currently silent on whether digital assets are lawful assets. Authorities express their own views on the legality of cryptocurrencies and their related transactions, while court judgments also differ, adding more obscurity to the status of cryptocurrencies.
Nuts and bolts of new personal data decree

Nuts and bolts of new personal data decree

Last month the government in Vietnam finally issued Decree No.13/2023/ND-CP on personal data protection (PDP). The decree will take effect from July; however, micro, small, and medium-sized enterprises as well as startups (excluding data processing companies) are optionally exempted for two years.
Cybersecurity legislation’s upgrade

Cybersecurity legislation’s upgrade

The issuance of a new decree is deemed an important piece to complete the puzzle in terms of data protection in Vietnam. Dang The Duc and Thai Gia Han from Indochine Counsel point out the major highlights while also noting where some confusion or overlap may remain.
Defining innovative startup enterprises in Vietnam

Defining innovative startup enterprises in Vietnam

The state has provided special policies to encourage small- and medium-sized startup enterprises (SMEs) that primarily focus on tech advancement and research, and need the assistance of all resources for building their reputation and market status.
Indochine Counsel's managing partner among ALB Asia Super 50 TMT Lawyers 2022

Indochine Counsel's managing partner among ALB Asia Super 50 TMT Lawyers 2022

Managing partner Dang The Duc from Indochine Counsel is listed in the ALB Asia Super 50 TMT Lawyers 2022.
Conforming to treaty via Law on IP

Conforming to treaty via Law on IP

In the last few years, Vietnam has signed a certain number of international trade agreements which require Vietnam to accede to or approve the WIPO Copyright Treaty (WCT) within a prescribed time period.
Understanding and steering data with AI

Understanding and steering data with AI

The ability of AI to help develop visual perception, speech recognition, decision-making, and translation between languages results largely from the use of large databases that can be used to train AI algorithms to learn how to interpret new data that it encounters.
Investors implored to expand funding channels to benefit

Investors implored to expand funding channels to benefit

Investors interested in pumping money into Vietnam are being urged to embrace flexibility in order to generate success across a wider range of investment channels.
Digesting fintech sandbox draft rules

Digesting fintech sandbox draft rules

A couple of months ago, the Vietnamese government issued a second draft decree on implementation of the regulatory sandbox for fintech.
Positive scenarios for working capital development

Positive scenarios for working capital development

Security over receivables is mainly regulated by the Civil Code 2015 and Decree No.21/2021/ND-CP, as well the Law on Credit Institutions 2010, and its detailing and guiding Circular No. 02/2017/TT-NHNN promulgated by the State Bank of Vietnam (SBV).
Considering restructuring processes

Considering restructuring processes

Vietnamese businesses have been severely affected over the past two years – especially large groups of companies that have numerous subsidiaries and affiliates.
How mobile money services operate

How mobile money services operate

At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software embedded on a SIM card or available over a mobile network.
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