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As a relative newcomer to fintech, and with limited experience working with peer-to-peer lending (P2P Lending), I thought that the scope of such lending was similar to crowdfunding. Individuals could go to a P2P Lending website, lodge a request for loans, and be matched with individual lenders. I didn’t realize that the concept of P2P […] The post Interest Rates for P2P Lending in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
By Ton That Hoang, Legal Assistant Background On 01 April 2021, the Government issued Decree No. 49/2021/ND-CP (“Decree 49”) amending and supplementing Decree No. 100/2015/ND-CP (“Decree 100”) on the development and management of social housing, which came into effect immediately upon promulgation. Despite its quick adoption problems with Decree 49 have been discovered. This Special […] The post Management of Social Housing in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate Last week I examined the four types of e-commerce websites that are allowed to operate in Vietnam (see Some Issues on E-Commerce in Vietnam). For each type, there is either a notification or registration requirement before the website can commence operations. This week I wanted to discuss the requirements for […] The post Registering E-Commerce Websites in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
by Steven Jacob, Foreign Associate Random E-Commerce Provisions in Vietnam I wrote a blog post last week about a company that got in trouble with the law. And though my information was based on publicly available newspaper reports, the company also happened to be a client so the post was vetoed by management. As such, […] The post Some Issues on E-Commerce in Vietnam appeared first on ‎Vietnamese Law Blog | Indochine Counsel.…
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.…