Special Purpose Acquisition Companies, or SPACs, are all the rage at the moment. In 2020, SPACs raised $83 billion in proceeds from their IPOs and already in the first quarter of 2021 they raised $88 billion. This is big money
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.
Latest from Indochine Counsel Blog - Page 7
El-Salvador, Cryptocurrency, and Vietnam
As I’ve written before, Vietnam currently views cryptocurrency as a prohibited form of payment (see Cryptocurrency in Vietnam). The State Bank of Vietnam (SBV) has repeatedly made it clear that it does not recognize cryptocurrency or any digital currency as…
New Online Advertising Restrictions in Vietnam
by Steven Jacob, Foreign Associate While I have written largely about Fintech issues in this blog, the scope of my responsibilities extends to other areas involving technology and media. This week, therefore, I am going to write on a subject…
Debt Recovery in Vietnam
I wrote a couple weeks ago about the interest rate cap on loans as applicable to P2P lending in Vietnam (see Interest Rates for P2P Lending in Vietnam) in which I discussed the problem we’ve seen with P2P lenders being…
Personal Data Leaks in Vietnam
According to an article in VN Express International’s website (see Personal data leak affects thousands of Vietnamese) the news of a major leak of personal data was announced. (Other articles covered the news in the Vietnamese language, but for purposes…
Interest Rates for P2P Lending in Vietnam
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…
Management of Social Housing in Vietnam
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…
Registering E-Commerce Websites in Vietnam
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…
Some Issues on E-Commerce in Vietnam
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…
Mobile Money Pilot Program in Vietnam
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…