INSIGHTS THIS MONTH
HIGHLIGHT OF THIS MONTH
Cambodian Government Increases Subsidies for Pregnant Women and Young Children
On 21 August 2023, the Ministry of Labor and Vocational Training, the Ministry of Economy and Finance, and the Ministry of Public Health of Cambodia issued Inter-Ministerial Prakas No....
IN THIS ISSUE
Invitation for Bid Notice (Re-Tender) Dated 13 July 2023 and Closing on 18 September 2023 on the “Development of the Dost Textile Mills Site at Feni, Bangladesh Through a Public-Private Partnership”
[From our Bangladesh Office]
BTMC intends to establish textile mills and/or textile-related linked industries and support facilities at Feni, Bangladesh at the existing site of Dost Textile Mills...
Transitioning From a Manual to an Electronic Taxpayer Registration Process
[From our Myanmar Office]
The Internal Revenue Department (“IRD”) has recently made an announcement on a transformational change in the taxpayer registration process. In order to facilitate the...
Requirement for Advance Payment on Export Earnings Revoked, Deposits now Required
[From our Myanmar Office]
The Department of Trade under the Ministry of Commerce (“MOC”) announced via Bulletin 11/2023 dated 28 June 2023 (“Bulletin 11”) and subsequent Bulletin 13/2023...
Ministry of Commerce institutes mandatory e-commerce registration
[From our Myanmar Office]
The Ministry of Commerce (“MOC”) has now classified e-commerce, defined as the practice of selling goods or services through an online consumer platform on...
Notification No. 28271 GDT dated 15 August 2023 on “Adjustment of the Specific Tax Rate on Locally Manufactured Non-alcoholic Beverage Products”
[From our Cambodia Office]
The Specific Tax rate for non-alcoholic beverages produced and supplied locally will be adjusted and determined as follows, effective 1 September 2023: Separately, the...
Circular No. 03 dated 07 August 2023 issued by the Department of Financial Institutions and Markets of the Bangladesh Bank on “Taking Thumbprints on Loan-Related Charge Documents”
[From our Bangladesh Office]
Aiming to address emerging legal complexities in loan recovery procedures, the Bangladesh Bank has published a new circular that makes it compulsory for banks...
Circular No. 10 dated 20 August 2023 issued by the Department of Financial Institutions and Markets of the Bangladesh Bank on “Loan Rescheduling for the Shipbuilding Industry”
[From our Bangladesh Office]
In a concerted effort to recover bad debts and alleviate the burden of classified loans, the Bangladesh Bank has taken measures to ease the...
OUR UPCOMING EVENTS
The Practical Side of Green Finance & Green Bonds in Cambodia
15 September 2023, Phnom Penh
Investing in: Vietnam +1 & Malaysia +1
8 September 2023, Online
RECENT VDB LOI WORK
Power project acquisition in Bangladesh: The Bangladesh team is advising a European-based global energy company on the legal and tax structuring and documentation for a potential power project acquisition.
Real estate project in Cambodia: VDB Loi Cambodia is advising on the development of a condominium project in Cambodia.
Hydropower acquisition in Laos: VDB Loi Laos is assisting a Thai company with its acquisition of an equity interest in a Lao company developing a large hydropower plant.
Tax services in Myanmar: The tax team has been engaged by a global lubricants manufacturing and marketing company to assist with its tax compliance obligations in Myanmar.
Due diligence in Vietnam: The Vietnam team conducted a legal due diligence on a Vietnam target for a major Asia-Pacific conglomerate.
Archive
- What to Know About the Legal and Tax Implications of Official Development Assistance Projects in Cambodia
March 2024 - Frequently Asked Questions on Corporate Registration in Cambodia
February 2024 - Update on Tax Challenges for Foreign Airlines in Cambodia
January 2024 - Prime Minister Lines Up Wide Range of Tax Incentives (VDB Loi Insights)
November 2023 - Our Yangon Office: New Address (VDB Loi Insights)
October 2023 - VDB Loi Awarded Best for Tax Cambodia, Law in Laos (VDB Loi Insights)
September 2023 - Cambodian Government Increases Subsidies for Pregnant Women and Young Children (VDB Loi Insights)
August 2023 - Vietnam New Regulation from State Bank of Vietnam on Foreign Loans (VDB Loi Insights)
July 2023 - Automated System to Apply for E-Commerce Licenses/Permits Available (VDB Loi Insights)
June 2023 - New National Power Development Plan in Vietnam (VDB Loi Insights)
May 2023 - Myanmar: Major Changes in the Union Tax Law 2023 (VDB Loi Insights)
April 2023 - Clean Energy Transition is Additional Drive for Regional Power Trades in South and South East Asia (VDB Loi Insights)
March 2023 - Maximizing Benefits from Investment Incentives (VDB Loi Insights)
February 2023 - Is Land Acquisition the Real Reason Behind the Unbearable Delay of Solar Projects? (VDB Loi Insights)
January 2023 - VDB Loi Hosts Major Seminar on Renewable Energy in Cambodia (VDB Loi Insights)
November 2022 - New Opportunities for Renewable Energy and Grid Reinforcement in Cambodia (VDB Loi Insights)
October 2022 - Foreign Construction Contractor in Vietnam: Local Compliance Framework (VDB Loi Insights)
September 2022 - Setting Up Or Acquiring Manufacturing Business In Vietnam
August 2022 - Pathway to an Independent Power Project in Vietnam
July 2022 - Foreign loans for Vietnamese borrowers – Q&A
June 2022 - Green Finance in Southeast Asia
May 2022 - How Does Bangladesh’s Blockchain Strategy Look Like?
April 2022 - VDB Loi Cambodia Wins IFLR Asia-Pacific National Law Firm of the Year Award
March 2022 - Will Income From Cryptocurrency Be Taxed In Vietnam? (VDB Loi Insights)
February 2022 - The New Laws on Investment and Public-private Partnership: Setting the Foundation for Advanced Private Investment Landscape in Cambodia
January 2022 - Bangladesh Project Finance Update: Some New Developments and Practices on the Local Aspects of Cross-border Financing in Bangladesh
November 2021 - Update on Investment Licensing in Bangladesh: New BIDA Practices
October 2021 - Intra Group Services – Are Cambodian Taxpayers Waving a Red Flag to the GDT? Part One
September 2021 - VDB Loi Cambodia Awarded Cambodia Tax Firm of the Year
August 2021 - New Regulation in Cambodia on Road Transportation Services Provided With the Use of Digital Technologies
July 2021 - Tax Amnesty on Undisclosed Income at Reduced Tax Rates
June 2021 - M&A Hot Issues
May 2021 - Phnom Penh Lockdown: Who Remains Open? Which Authorities Still Work?
April 2021 - Annual Audit of Personal Income Tax in the Lao People’s Democratic Republic (VDB Loi Insights)
March 2021 - New Tax Rules in Laos, Solar Bids in Cambodia, Expat Labor Rules Myanmar
February 2021 - What Is Different About Cambodia’s New Solar Project Tender? (VDB Loi Insights)
January 2021