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INSIGHTS THIS MONTH

June 2022

HIGHLIGHT OF THIS MONTH

Foreign loans for Vietnamese borrowers – Q&A

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...

IN THIS ISSUE

Bangladesh National Parliamentary Amendment Bill No 11/2022, on “Bangladesh Oil, Gas and Mineral Corporation Ordinance 1985 (Draft)” dated 5 June 2022

[From our Bangladesh Office]

Bangladesh National Parliamentary Amendment Bill No 11/2022, on “Bangladesh Oil, Gas and Mineral Corporation Ordinance 1985 (Draft)” dated 5 June 2022 

Land Acquisition and the Unbearable Delay of Solar Projects

[From our Bangladesh Office]

Bangladesh should presently be a super attractive destination for international investment in solar energy. Even though it does not lag as much behind in... 

Lao PDR Raises Statutory Minimum Wage from August 2022

[From our Laos Office]

As the costs of essential commodities continue to soar, driven by the unfettered weakening of the Lao Kip (“LAK”), the pandemic, and other external... 

The Bank of the Lao PDR Issues New Decision to Manage Foreign Currency Exchange and Stabilize the Lao Kip

[From our Laos Office]

On 14 June 2022, the Bank of the Lao PDR (the “BOL”) issued Decision No. 449/BOL (“Decision 449”) to manage currency exchange services provided... 

Domestic Payments to Be Made in Myanmar Kyat

[From our Banking and Finance Team - Myanmar Office]

The Central Bank of Myanmar (“CBM”) issued Notification No. 195/2022 to Union Ministers, Regional or State Governments, City Development Committees of Nay Pyi Taw,... 

Logistics Service Companies Are Now Allowed to Hold Specific Amounts of Foreign Currency

[From our Banking and Finance Team - Myanmar Office]

On 2 June 2022 the Ministry of Transport and Communications issued letter no. PaSa-4/ (F.E-1/1)/2022 (709) (“Letter“) in implementation of a circular from the... 

RECENT VDB LOI WORK

On-the-ground expertise in Vietnam: VDB Loi advised a regional player on the far-reaching regulatory landscape for duty-free businesses in Vietnam.

Clients choose us for our regional reach: VDB Loi is handling the due diligence for the acquisition of a number of target companies based in Myanmar, the Lao PDR, and Cambodia.

Appeal before the National Assembly in the Lao PDR: The Lao team is assisting a global mineral exploration company with its defense against unfair tax claims before the National Assembly, one of only a few such appeals.

Transmission cable project in Cambodia and Vietnam: We have been engaged to advise on a subsea transmission cable project in Cambodia and Vietnam.

Tax ruling on construction income in Cambodia: The Tax team was engaged by a leading European provider of engineering services to obtain a written ruling from the GDT on revenue recognition for construction businesses.

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