Which deviations from EIARs could trigger environmental authorities’ consent?

Environmental Impact Assessment Report (EIAR) is required for investment projects which may have material adverse effect on the environment. An EIAR must contain, among others, basic information of the relevant project; technology applied; construction items and activities which are likely to adversely affect the environment; assessment of the project’s impacts to the environment; and measures to mitigate the impacts and protect the environment. An EIAR may run over hundreds of pages.

Read MoreInfo
Comment
Written by Nguyen Quang Vu On In ,

E-SIGNATURES IN BANKING SECTOR FOR CORPORATE CUSTOMERS

Most banks in Vietnam provide internet banking services to its customers via a web-based platform (the E-platform) which enables bank customers to create, authorise and dispatch instructions (E-Documents) to the bank electronically. Usually, an E-platform provides users with authentication tools including customer ID, user IDs, passwords and one-time password (the OTP) to get access to the E-platform. 

Read MoreInfo
Comment
Written by Nguyen Quang Vu On In ,

Termination of contract due to hardship circumstance

The new Civil Code 2015 allows a party to a contract to (i) request the other party to re-negotiate the contract; or otherwise (ii) request the court to decide terminating or amending the contract if the circumstance has been substantially changed. A circumstance could be invoked as substantially changed if it satisfies the following conditions:

Read MoreInfo
Comment
Written by Nguyen Quang Vu On In ,

Consumer contracts in Vietnam

“Consumer” is defined to mean “a person purchasing or using goods and services with the aim of consumption for daily needs of individuals, families or organizations. The term “person” here could mean either an individual or an organization. Therefore an organization under Vietnamese law may also be treated as a consumer. The only distinction is that a consumer uses the goods for consumption purpose. However, for a business entity which purchases various inputs during its operation in order to provide goods or services to its clients, the inputs could be treated either as “consumption purpose” or as “business purpose”. 

Read MoreInfo
Comment
Written by Nguyen Quang Vu On In ,