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May 2024


Vietnam: Updates on Latest Developments in Energy Market Regulations (in Charts)

A reference guide to the latest updates in the energy market regulations in Vietnam, including sources of tariff regulation, PPA templates, energy price calculation formulas and lists of approved...


More Tax Audit Cases Headed to the GDT’s Litigation Department

[From our Cambodia Office]

Introduction In an attempt to break the logjam of outstanding tax audit disputes, the General Department of Taxation (“GDT”) in Cambodia has been actively... 

30 Days Left for Penalty-free Self-correction of Tax Returns

[From our Cambodia Office]

The deadline for voluntary self-correction of tax returns is fast approaching, with only 30 days left for taxpayers to rectify their past tax returns... 

Reopening of the Registration of Import-export Activities

[From our Laos Office]

On 14 March 2024, the Ministry of Industry and Commerce issued notice no. 0609/ICC to resume the registration of operators who import and export... 

Myanmar Tightens the Control of Food Production

[From our Myanmar Office]

People tend to ignore the importance of complying with food laws and often sell food without FDA licenses in Myanmar. Efforts have been made... 

Currency for Tax Payment Under the 2024 Union Tax Law

[From our Myanmar Office]

The 2024 Union Tax Law (the “2024 UTL”) was enacted on 29 March 2024 by the State Administration Council. It applies to financial year... 

ベトナム 税務小冊子 2024

[From our Vietnam Office]

VDB Loi ベトナム事務所は、「ベトナム税務小冊子2024」をご提供させていただきます。この出版物では: 

New Compliance Guidelines for Foreign Exchange Transactions in the Aviation and Shipping Sectors Effective January 2024

[From our Bangladesh Office]

The circular addresses foreign exchange transactions and gives new instructions for foreign airlines and shipping companies. Foreign and non-IATA airlines now need to submit... 

Bangladesh Bank Adopts Crawling Peg System for US Dollar Exchange Rate

[From our Bangladesh Office]

The Bangladesh Bank has implemented a crawling peg exchange rate system, which allows for adjustments within a specified range for a currency with a... 

Bangladesh Bank Mandates Alternative Dispute Resolution for Non-Performing Loan Recovery to Strengthen Dispute Resolution in Banking

[From our Bangladesh Office]

The Bangladesh Bank has directed all banks to use ADR mechanisms to recover a minimum of 1.0 percent of their respective non-performing loans by... 

Invitation for PPP Project: Development of Naf Tourism Park in Cox’s Bazar, Bangladesh

[From our Bangladesh Office]

The Bangladesh Economic Zones Authority (BEZA) is establishing a state-of-the-art tourism park in Teknaf Upazilla of Cox’s Bazar District, which is known as the... 


Support to a global agricultural merchant and processor in Bangladesh: The Bangladesh team advised and assisted a global agricultural merchant and processor on its entity establishment in Bangladesh, and is continuing to advise on local law matters.

Successful corporate bond issuance on the Cambodian Stock Exchange: VDB Loi advised on a successful corporate bond issuance on the Cambodian Stock Exchange for the multilateral financial institution that was guaranteeing the bonds.

Advisory on a complex cross-border transaction in the Lao PDR: VDB Loi was engaged as lead counsel by a regional green energy supplier to advise and assist on a contemplated cross-border transaction, including conducting legal due diligence, assisting with remediation of several critical issues identified, and drafting transaction agreements.

Successful defense of an international real estate developer in Myanmar: The Myanmar team successfully defended an international real estate developer in a contractual dispute, including before the Supreme Court, ultimately securing dismissal of the plaintiff’s applications.

Rooftop solar acquisition in Vietnam: As local counsel, VDB Loi is supporting the buyer, a leading Asian energy holding group, with conducting legal and tax due diligence, handling regulatory filings and approvals, and negotiating complex acquisition documentation for a rooftop solar acquisition in the country.