The State Bank of Vietnam has issued Circular 09/2023/TT-NHNN on July 28,2023 guiding the implementation of a number of articles of the Law on the prevention of money laundering.

On 23 June 2023, The National Assembly passed the Law on E-Transactions No.20/2023/QH15 (“New ET Law”), replacing the current Law on E-Transactions No. 51/2005/QH 11. The New ET Law includes 54 articles and seven chapters addressing a number of issues on onshore and offshore businesses having E-transactions with consumers in...

On 28 June 2023, The State Bank of Vietnam (“SBV”) issued Circular No. 06/2023/TT-NHNN (“Circular 06”) amending several provisions of Circular No. 39/2016/TT-NHNN of the SBV dated 30 December 2016 (“Circular 39”) on lending activities of onshore credit institutions and foreign bank branches to customers. Circular 06 will take effect...

On 26 June 2023, The National Assembly of Vietnam officially adopted a new Law No. 23/2023/QH 15 on amending a number of Articles on Law on Entry, exit, transit, and residence of Foreigners in Vietnam, which will take effect from 15 August 2023

On 23 June 2023, The National Assembly of Vietnam officially adopted a new bidding Law No. 22/2023/QH 15, which will take effect from 01 January 2024 (“New Bidding Law”). The new Bidding Law contains 96 articles divided into 10 chapters. The New Bidding Law have a number of changes to...

On 15 April 2021, the Ministry of Education and Training issued Circular No. 13/2021/TT-BGDDT (“Circular 13”) regarding conditions and procedures in recognition of Decrees issued by Foreign Educational institutions using in Vietnam. This Circular took effect on June 1, 2021, and supersedes Decision No. 77/2007/QD-BGDDT, Circular No. 26/2013/TT-BGDDT , and...

On 17 April 2023, The Government issued the Decree No. 13/2023/ND-CP on Personal Date Protection (“Decree 13”), which took effect from 01 July 2023. Decree 13 provides more detailed data protection and cybersecurity obligations regarding personal data processing activities. Micro-enterprises, small enterprises, medium-sized enterprises, and startup companies have the right...

On 30 June 2023, the Ministry of Information and Communications (“MIC”) issued Circular No. 05/2023/TT-BTTTT (“Circular 05”), to amend and supplement the the existing Circular No. 19/2016/TT-BTTTT (“Circular 19”). This newly issued Circular will come into force on 15 August 2023.

Many people misunderstand between the basic salary (Statutory Pay Rate) and the mandatory minimum wage (Statutory Minimum Wage) in Vietnam, this article helps readers better understand these concepts.

List Of Subregions To Which Statutory Minimum Wages In Vietnam are applied from July 01, 2022 (Enclosed with the Government’s Decree No. 38/2022/ND-CP dated June 12, 2022)