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by Steven Jacob, Foreign Associate On 3 March 2021, the Prime Minister of Vietnam issued a decision that authorized a pilot program for the use of mobile money in Vietnam. This is a major step forward in the use of non-physical currency in the country and marks a potential change in the direction of the […] The post Mobile Money Pilot Program in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate In traditional contracts, the contract is dependent upon the agreement of the parties. That agreement is reached through a process of contract formation. In the first step, one of the parties makes an offer of providing either goods or services. The other party then will review the offer and accept […] The post E-Commerce Contracts in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
By Steven Jacob, Foreign Associate A while ago I wrote about blockchain and data protection issues in Vietnam. In that post, I discussed the Vietnamese government’s promotion of the development of blockchain technology in the country. I also pointed to certain difficulties in its adoption due to certain requirements in the existing data protection laws. […] The post Legal Issues with Blockchain in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate Looking at my list of potential blog topics, I found the issue of bribery remaining from a time before I began to focus primarily on tech-related issues. When I was in Laos we were very aware of this issue. As a foreign-invested endeavor, everything that might involve our home government–which […] The post Bribery in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
A couple weeks ago I wrote about Vietnam’s new draft data protection regulations. Part of those regulations cover the protection of children’s data in the online environment. That is not the first instance of regulations for data privacy for children in Vietnam, however. As approximately 36% of Vietnam’s population is under 24 years old and […] The post Data Privacy of Children in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate Recently, I came across an update that referred to an official letter clarifying tax issues as relates to foreign e-commerce providers. I’ll discuss it in more depth in a bit, but in essence, it said that foreign e-commerce providers will be treated like all foreign service providers for purposes of […] The post Foreign E-Commerce Providers in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob It finally happened. A few weeks ago, the Ministry of Public Security issued its draft Decree on Personal Data Protection. This is apparently the second draft though I’ve only seen reference to a previous “outline” issued at the end of 2019. Prepared in conjunction with advisors from the EU it is less […] The post Vietnam’s New Draft Data Protection Law appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
Some time ago I had the time and the inclination to look into blockchain technology. The more I learned the more I saw that it presented a huge potential for collecting and managing data across a broad spectrum of activities. I also saw some difficulties in its deployment, especially in Vietnam. Issues of confidentiality and […] The post Data Protection and Blockchains in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
In several of my posts lately, I’ve mentioned the possibility of certain services coming under the laws governing the deployment and operation of social networks in Vietnam (see P2P Lending in Vietnam and B2B Lending in Vietnam). But in mentioning it, I have yet to go into any details about what those laws contain and […] The post Social Networks in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate Last week I attended a year-end party and was asked about business-to-business, or B2B, lending in Vietnam. While I was familiar with the legal issues surrounding peer-to-peer, or P2P, lending (see my post on that topic here) I hadn’t had the chance to investigate the somewhat different issues surrounding the […] The post B2B Lending in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…