Legal Framework On E-Learning Businesses In Vietnam

The recent years have witnessed a rapid growth of the e-learning market in Vietnam, especially since the Covid-19 outbreak. Despite that, a clear legal framework for e-learning business under Vietnamese laws is still unavailable. This post will discuss some legal issues concerning the provision of e-learning services.

Mode of delivery

In general, e-learning business could be provided to students via two main modes:

  • Non-interactive mode, where students will pay to have access to learning materials prepared by the service providers (e.g., pre-recorded lectures, books, etc.), and there is no live interaction between students and teachers. The students are expected to self-study the materials provided by the service provider; and

  • Interactive mode, where in addition to access to study materials, students will pay to attend online classes held by teachers, and there is live interaction between students and teachers.

    During the Covid-19 pandemic, e-learning via interactive mode has grown substantially and become a favorite choice for students and their parents. However, the legal framework regulating e-learning via interactive remains undeveloped as the laws only regulate education services via traditional methods.

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Written by Nguyen Quang Vu On In ,

The completion time of a de-merger of a Vietnamese company

In case of a de-merger of a company, the Enterprise Law 2020 does not make clear when will the de-merger of the new company from a de-merged company (or existing company) be considered as legally competed. However, it appears that a de-merger could be considered completed when (1) a new enterprise registration certificate of the new company is issued, and (2) assets and liabilities of the existing company are transferred to the new company in accordance with the de-merger decision of the owners/shareholders of the existing company. This is because the Enterprise Law 2020 provides that:

  • after registration of the enterprise, the new company and the existing company are jointly liable for the obligations and liabilities of the existing company; and

  • the new company will automatically inherit all rights and obligations allocated to it in accordance with the de-merging decision of the owners/shareholders of the existing company.

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Written by Nguyen Quang Vu On In ,

Unclear de-listing grounds for listed companies in Vietnam

Under Decree 155/2020, from 1 January 2022, a listed company will be delisted if the financial statements of such company for three consecutive years are qualified by the company’s auditor. This is a new de-listing ground. Recently, the Ho Chi Minh City Stock Exchange (HSX) has decided to delist a company whose audited financial statements of 2019, 2020, and 2021 which are subject to qualifications by its auditors. The de-listing decision of HSX gives rise to several issues. In particular,

  • Decree 155/2020 is not clear whether regarding the three financial statements of the three- year periods described in the de-listing ground, (1) all three statements need to be all completed after 1 January 2022, (2) only the last statement need to be completed after 1 January 2022, or (3) all three statements need not to be completed after 1 January 2022.

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Written by Nguyen Quang Vu On In ,

DRAFT REGULATIONS ON INFORMATION DATA CENTER SERVICE

The Government is drafting a Decree to amend some articles of Decree 72/2013 on administrating, providing and using Internet services and online information (Draft Decree). The Draft Decree proposes several major changes of Decree 72, one of which is the expansion of the governing scope of Decree 72 to cover the service of information data center (dịch vụ trung tâm dữ liệu). Previously, there is no set of regulations governing this service.

Various new provisions on information data center service are included in the Draft Decree. For instance:

1. Certain definitions relating to information data center service are introduced, e.g.:

(a) Service of information data center (kinh doanh dịch vụ trung tâm dữ liệu) which is defined as a commercial activity to provide computing and storage capacity for technical infrastructure conducted by data centers, including: server rental services (dịch vụ cho thuê máy chủ), service of renting out data center’s space (dịch vụ cho thuê chỗ tại trung tâm dữ liệu), service of renting out data storage space (dịch vụ cho thuê chỗ lưu trữ dữ liệu), and cloud computing service (dịch vụ điện toán đám mây);

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Written by Lawyers VNLaw On In , ,