The government introduced a new rule based on section 203 of the Bangladesh Export Processing Zone (EPZ) Labor Act 2019, named EPZ Labor rule 2022,  where some important rules and regulations for zone areas has been presented. The new rule introduced a new provision that says, an employee will be automatically permanent if an employer […]

Aiming to protect environmental health, the government has published a new rule based on section 20 of The Bangladesh Environment Conservation Act, 1995. The main objectives of this rule are to prevent, control, and reduce air pollution. The government will appoint a director general who will be responsible for managing and maintaining the environmental issue. […]

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 Directorate of Investment and Company Administration (the “DICA”) issued an announcement dated 15 September 2022 with respect to the changes in the process of seeking DICA’s recommendation for foreigners’ visa renewal or extension with effect from 14 September 2022. The DICA has, by this announcement, tightened up on its requirements of the application process […]

As per the Constitution of Cambodia, the Investment Law, and the Land Law, foreigners (including foreign-owned entity) are restricted to own land in Cambodia. The land ownership rights are reserved only for Cambodian individuals or entities. Thus, prior to the implementation of the 2019 Trust Law in Cambodia, as the structural options to use land […]

In this outline we describe typical Vietnam law matters that arise when foreign investors create a new, or acquire existing manufacturing project in Vietnam.

Bangladesh Railway is expanding their social services, recently they are planning to establish 250 beds hospital to serve their employee. Bangladesh Railway has established several hospital time to time, Kamalapur railway Hospital is one of them.  Bangladesh Railway has decided to upgrade and modernize the existing hospital at Kamlapur to a 250-bed hospital and establish […]

Bangladesh Textile Mills Corporation (BTMC), under the Ministry of Textiles and Jute, Government of the People’s Republic of Bangladesh, intends to establish textile mills and/or textile related linked industries and support facilities at Magura, Bangladesh at the existing site of Magura Textile Mills Limited through PPP mode. BTMC invites interested bidders and/or bidding consortiums to […]

Bangladesh Textile Mills Corporation (BTMC), under the Ministry of Textiles and Jute, Government of the People’s Republic of Bangladesh, 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 Ltd. through PPP mode. BTMC invites interested bidders and/or bidding consortiums to […]

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 […]

Tenders for a PPP project issued on 16 May 2022, named “Invitation for Bid (IFB) Notice for Establishment of 50-seat medical college and nursing institute and modernization of existing Railway Hospital to 250 beds at Kamalapur Dhaka on PPP mode’ with a closing date of 18 July 2022.  As a continuous effort to expand its […]

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 […]

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 […]

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 […]

The Central Bank of Myanmar (“CBM”) issued two notifications on 3 March 2022 providing permission and guidelines for Baht/Kyat direct payments at the Thai-Myanmar Border. They are effective from the above date and apply to designated banks and all exporters and importers involved in the Thai-Myanmar cross-border trade. Purpose In order to promote the local […]

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 […]

Trademark registration has been somewhat in limbo since a new trademark law, which has not yet entered into force, was enacted on 30 January 2019 in Myanmar. The law changed the way trademarks would be recognized from a “First-to-Use” system to a “First-to-File system”, and specified that to protect a trademark, it needs to be […]

Two new laws related to private investments were recently adopted in Cambodia. The Law on Investment dated 15 October 2021 (the “New Law on Investment”) and the Law on Public-Private Partnership dated 18 November 2021 (the “PPP Law”). Highlights of this note The New Law on Investment New Process of Registration: Online Application Incentives Investment […]

In an otherwise complex context, the Public-Private Partnership (“PPP”) experience in Bangladesh demonstrates a high level of transparency from which neighboring countries in the region can learn. Highlights of this note PPP framework Procurement Government budgeting Investment and corporate laws Environment law and social impact Secured transactions law Land ownership restriction Land acquisition Procurement process […]

The Insolvency Law is required be used from now on for winding up. The section on winding up under the MCL was replaced by the section in the Insolvency Law which came into effect on 25 March 2020. However, this section of the Insolvency Law has not been applied due to the lack of applicable […]