Vietnam is emerging as a key player in Southeast Asia’s semiconductor scene. This article examines Vietnam’s regulatory developments and framework that strengthen and provide incentives for the growth of the semiconductor sector, including tax breaks, industry support, global partnerships, and an overview of business establishment, M&A and licensing processes.

为了将线下监控系统转变为线上监控系统，缅甸投资委员会（简称“MIC”）于2024年2月21日发布了通知（简称“通知”），宣布持有许可证或认可的公司将有更多时间重新注册并将数据录入新的缅甸投资在线（简称“MyinO”）系统。这也意味着与这些公司外国员工相关的申请的过渡期也延长了，允许截止日期2024年6月30日前，继续以纸质形式提交申请。 因此，无论您是考虑申请投资许可证，或已经拥有许可证，或打算为您的缅甸投资业务雇佣外国专家，以下是您需要了解的关键细节： 需要重新录入到系统的数据是什么？ 根据该通知，持有投资许可证的公司，必须确保重新输入所有与投资相关数据，包括许可证颁发日期后所做的任何活动或投资变更。 重新录入数据的过渡期是什么时候？ 数据重新录入和提交与公司外国员工相关的申请的过渡期从原定的截止日期2023年9月1日延长至2024年6月30日。此日期之后，所有外国员工任命申请只能通过MyInO系统进行提交。 所有投资许可证持有者都必须在MyinO系统中重新录入信息吗？ 虽然没有明确规定必须重新注册，但实际上，这对于申请处理是必要的，因为只有在投资数据录入系统后，才能进行后续的申请提交。 关于外国专家任命的申请如何提交？ 在过渡期间，所有与外国专家相关的事务，如任命外国专家（工作居留许可）、调整员工人数以及管理外国专家的辞职，仍然可以通过邮寄或现场递交，除此之外，还可以在重新录入数据后通过MyInO提交。然而，在过渡期结束后（即根据通告为2024年6月30日），此类外国员工任命只能通过在线提交进行。 如果不遵守通知的后果是什么？ 尽管投资公司在MyinO的数据重新录入并非强制性的，但如果未能这样做，将无法在线提交工作许可申请，也不再接受现场提交。因此，建议所有投资许可证持有者尽快重新录入信息，以免对公司业务运营造成延误，因为重新录入信息过程可能需要时间。 如果您有任何疑问或需要帮助，请联系您的VDB Loi专属顾问。

On 21 February 2024, the Myanmar Investment Commission (“MIC”) announced an extension of the deadline for companies holding MIC permits or endorsements to re-register and enter all their existing data into the new Myanmar investment online system (“MyInO”) to 30 June 2024. This also means an extension of the transition period for applications related to […]

In February 2002, the National Assembly adopted the Law on Marks, Trade Names and Acts of Unfair Competition (“Trademark Law”), with a Sub-Decree on its implementation adopted in 2006. The Trademark Law is quite comprehensive in its scope, as it defines the registration, invalidation, and removal processes, collective marks, the licensing of marks and trade […]

Parliament has introduced a new Patent Act 2023 and repealed the Patent Act 2022 aimed at better delineating the rights and responsibilities of patent holders. Notable changes are outlined below: Shift of administrative power: The shift of administrative power from the Office of the Registrar the Director General of the Department of Patents, Industrial Designs, […]

Aiming to mitigate cyber risks and maintain the overall stability of the financial sector, the Bangladesh Bank has issued guidelines on cloud computing, which apply to banks, non-banking financial institutions, mobile financial service providers, payment and settlement systems, payment system operators, and other financial service providers. The guidelines aim to ensure business continuity, resilience, and […]

On 5 October 2021, the Royal Government of Cambodia issued the Law on Competition (“Competition Law”) with the aim to provide a more fair and harmonized business environment. Subsequently, on 17 February 2022, Sub-Decree 37 was issued to form the Cambodia Competition Committee (“CCC”) as the authority to enforce implementation of the Competition Law. Furthering […]

The Foreign Exchange Supervisory Committee (“FESC”) decided to grant foreign companies an exemption from mandatory forex conversion in its meeting no.78/2022. In this regard, the Central Bank of Myanmar (“CBM”) issued letter no. FE-1/2861 dated 30 December 2022 concerning the resolution of the FESC’s meeting, which instructs the AD licensed banks to comply with such […]

A remarkable change has been added to the Evidence Act of Bangladesh. The amended law said that in a prosecution for an offense of rape or attempt to rape, no question can be asked in the cross-examination as to the general immoral character or previous sexual behavior of the victim, such questions can only be […]

The Ministry of Labor and Employment introduced 101 new amendments to the Labor Rule 2015, on 01 September 2022. There are some major and minor changes in the newly amended rule. Among the major changes, conduct towards women, maternity benefits, arrangement of health centers that will provide consultation to women are significant. As per the […]

The Ministry of Labor and Social Welfare of the Lao PDR (MLSW) has issued Decree No.2718/LSW dated 8 July 2022 (the “Decree”) stipulating specific guidelines to implement the Notification No. 829/PMO dated 13 June 2022 issued by the Prime Minister’s Office concerning an increment of the national statutory minimum wage from LAK1,100,000 to LAK1,300,000 (please […]

In this briefing the team of VDB Loi (Vietnam) answers to the most frequently raised questions relating to the provision of foreign loans to companies in Vietnam. This article generally assumes that parties are looking to implement long-term financing for a company registered in Vietnam. Note that additional requirements may apply to certain specifically regulated […]

The Law on Telecommunications (Amended) No. 05/NA dated 16 November 2021 (the “Telecom Law 2021”) has replaced the previous Law on Telecommunications (Amended) No. 09/NA dated 21 December 2011 following its publication in the Official Gazette of the Lao PDR on 23 March 2022. However, Telecom Law 2021 has not been implemented in practice as […]

Scope of registration  On 1 April 2022, the Ministry of Commerce (“MOC”) and the Ministry of Posts and Telecommunications (“MPTC”) issued joint Notification No. 0873 requiring  all companies registered in Cambodia to use the national domain name level 2, type “.com.kh”. Specifically, the notification requires companies registered in Cambodia to: Register a national domain name […]

In this age of automation, digitalization, and globalization, signing a document remotely or electronically is gaining momentum across the world, with various business deals and crucial documents signed through electronic means. Electronic signing is faster, better, smoother, more secure, and of course, more eco-friendly than the traditional signing method. Anyone from anywhere can sign a […]

With a booming economy, Bangladesh is set to become a middle-income country within a few years. To ensure easy access to governmental services, Bangladesh has converted the majority of its governmental services to online-based systems. The country still faces various challenges when it comes to continuing its tremendous growth while achieving its SDG[1] (Sustainable Development […]

In accordance with the notification issued by the Central Bank of Myanmar on 3 April 2022 regarding the conversion of USD into MMK within one working day, the Ministry of Commerce (“MOC”) has confirmed that it will assist importers/exporters regarding the facilitation of applications to buy USD used for their businesses with the Foreign Exchange […]

The Bangladesh Telecommunication Regulatory Commission (“BTRC”) has issued a new licensing regulation named “Bangladesh Telecommunication Regulation (Licensing) 2022” (The Regulation) whereby service providers are able to obtain a license for providing various telecommunication-related services. The BTRC shall provide licenses to service providers through tenders and open allocations. The Regulation replaces the old regulation issued in […]

Recently, the Trade Department of the Ministry of Commerce issued Newsletter No. 2/2022 for additional items requiring an import license. This follows previous action by the department of adding commodity lines 3070 (Newsletter No. 18/2021) and 826 (Newsletter No. 1/2022) to the list of those requiring an import license. Effective from 2 March 2022, the […]

Three years on from the issuance of the Law on Trusts (dated 2 January 2019), the Non-Banking Financial Services Authority (“NBFSA”) issued Prakas No. 003 F.S.A.PrK on 26 January 2022 on Rules for the Management, Establishment, and Functioning of Trusts (“Prakas”) to set out the rules, conditions, and procedures on the establishment of trusts, their […]