On 28 July 2023, the State Bank of Vietnam (“SBV”) issued Circular No. 09/2023/TT-NHNN, providing guidelines for implementation of a number of articles of the Law on Anti-Money Laundering 2022 (“Circular 09”). Circular 09 took effect on 28 July 2023; except for…
On May 15, 2023, the Prime Minister issued Decision No. 500/QD-TTg approving the National Electricity Development Master Plan for the period of 2021 – 2030, with an orientation to 2050 (“Power Master Plan VIII”). Accordingly, Power Master Plan VIII focuses on development…
On 17 April 2023, the Government issued the long-awaited Decree No.13/2023/ND-CP (“Decree 13”) on Personal Data Protection. This Decree is the first-ever comprehensive legal document regulating personal data protection in Vietnam, which provides new requirements for collecting and processing personal data. Decree…
On 15 November 2022, the National Assembly of Vietnam (“NA”) passed Law No. 14/2022/QH15 on Anti-Money Laundering (“2022 AML Law”). The 2022 AML Law took effect on 1 March 2023 and replaced Law No. 07/2012/QH13 on Anti-Money Laundering adopted by the NA…
