From the outset of the Covid-19 pandemic in the beginning of 2020, employers and workers have all be hit hard by the economic downturn that resulted. In Vietnam, with a population of nearly 100 million people, the pandemic has only
Indochine Counsel Blog
The Indochine Counsel Blog, published by Indochine Counsel, focuses on legal developments and regulatory issues in Vietnam, particularly in emerging sectors such as cryptocurrency, blockchain technology, and data privacy. It covers the impact of new laws and decrees on businesses operating in Vietnam, including cybersecurity regulations and data localization requirements. The blog also discusses government initiatives related to digital transformation and the digital economy. Its content is aimed at providing insights into the evolving legal landscape affecting technology, finance, and compliance in Vietnam.
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A Year of Legal Developments in Vietnam
As it was Independence Day this past week, I thought it would be a good time to review the major legal developments in Vietnam of the last year. Particularly as one of our lawyers conveniently prepared a list of the…
Non-Fungible Tokens in Vietnam
Non-fungible tokens (NFTs) or cryptographic tokens are unique digital signatures or tokens created by using blockchain technology, in particular using relevant platforms that operate on blockchains, which are used for certifying ownership of digital files of real or intangible assets.…
Vietnam Leads Cryptocurrency Adoption
In the last few days, it’s been hard to ignore the fact that (according to this VN Express article) Vietnam leads the world in cryptocurrency adoption. A survey by US-based consultancy Finder found that of survey respondents 41% of those…
Is VNDC a Stablecoin for Vietnamese Investors?
Lately, I’ve been busy with some research surrounding crowdfunding in Vietnam. Perhaps I’ll address some of those issues at a later date, but right now I want to discuss something I discovered during that research. As of 1 July 2019,…
Electronic IDs in Vietnam
Last month the Government issued a draft decree on the process for obtaining and using electronic IDs in Vietnam. This comes as a welcome installment in Vietnam’s slowly moving modernization of its legal regulations regarding the internet, data, and digital…
The Vietnam National Innovation Center
So I learned a thing this week. Apparently, Vietnam is developing a national innovation center (NIC) aimed at promoting innovative startups in the country. What that means is not entirely clear as of yet. The NIC was only approved at…
Cybersecurity for Online Payment Services in Vietnam
Intermediary payment services (IPS) are regulated and licensed by the State Bank of Vietnam. IPS include very specific activities, namely: e-payment infrastructure supply services, including: Switching service; Electronic clearing service; Online payment portal service. Services supporting payment services, including: Authorized…
Vietnamese policy for emergency vaccine imports
The following article is vital to understanding the future of Covid-19 vaccines in Vietnam and was published in the Vietnam Investment Review on 17 June 2021. By Nguyen Thi Hong Anh and Ly Nghia Dzung Indochine Counsel Amid growing coronavirus…
Adding Intellectual Property Rights as Key Value for Startups
The following article was written by our partner in charge of intellectual property and technology, Nguyen Thi Hong Anh and published in the Vietnam Investment Review website on 23 June 2021. No doubt intellectual property is an extremely important asset…