- HM&P: Vietnam International Law Firm
- HM&P: Vietnam International Law Firm
- 02873080839
- https://hmplaw.vn/
Insights
Currently, Vietnam is classified as one of the major lubricant consuming markets in the region when consumption is estimated at 307 million liters by 2024 and is expected to increase to 420 million liters by 2030 . However, this is also accompanied by the fact that there are more and more recycling facilities and trading in used lubricants illegally or of poor quality because the cost of producing recycled oil is significantly lower than that of new oil while earning very high profits. Although our country's laws have strong sanctions for this behavior, there are still legal gaps that make this oil still creeping into the market and management activities cannot be really strict.
The amended Chemical Law 2025 will take effect on January 1, 2026 with many important changes. In particular, administrative procedures will change in accordance with new regulations.
On October 25, 2025, Novartis, a Swiss pharmaceutical giant, signed a Merger Agreement and Plan with Avidity Biosciences, a pioneer in the field of RNA therapy, with the goal of significantly strengthening and expanding its neuroscience pipeline. However, instead of acquiring the entire company, Novartis designed a unique and wise transfer mechanism that was a conditional merger, forcing Avidity to separate its early-stage, non-core medical development programs into a new company (SpinCo) before the acquisition was completed.
Artificial Intelligence (AI) has moved beyond being a mere enabler to becoming a core strategic element, shaping both the execution process and the object of M&A transactions. Law firms and M&A lawyers must restructure their operating models to harness the full potential of AI, while dealing with the complex legal risks it brings.
Ho Chi Minh City, Vietnam's leading economic driver, has always been considered a "leader" in national development. With Resolution 98/2023/QH15 (Resolution 98) approved by the National Assembly on June 24, 2023, the city has been given a specific mechanism to promote socio-economic development, overcoming the usual legal constraints. However, after more than two years of implementation, many challenges have emerged, leading to the need for revisions and additions. In particular, in the context when the two provinces of Binh Duong, Ba Ria – Vung Tau were merged into Ho Chi Minh City to become a megacity, Resolution 98 was no longer relevant. Therefore, the Ministry of Finance has conducted a consultation on the Draft Resolution amending and supplementing Resolution 98 ("Draft").
Businesses that use personal data to serve the goal of promoting products and services may face many obstacles in the near future. They can be sued for ad spam and it is difficult to avoid legal litigation.
In the context of tax policy reform becoming an urgent requirement to suit the reality of the digital economy and the trend of integration, the Draft Law on Tax Administration (amended) 2025 ("Draft") is expected to create a more appropriate transparent legal framework. However, in addition to the positive new points, the Draft also reveals many unreasonable regulations, potentially risky for taxpayers, especially enterprises and business households, who are directly affected by the current tax policies and laws.
In M&A or investment transactions, a legal due diligence report is a key document to help the buyer or investor understand the potential legal risks. Presenting this report in a professional and effective manner not only helps to communicate information clearly to readers, but also shows the capacity and prestige of legal practitioners. In this article, we will give some important experiences for drafting and presenting legal due diligence reports to help improve the quality of legal due diligence reports of M&A transactions in the coming time.
Individual customer image data is becoming a valuable resource for businesses. From the use of surveillance cameras in retail stores, facial recognition in payment systems, to image analysis for marketing purposes, businesses are leveraging this type of data to enhance customer experience and optimize business operations. However, in the context that Vietnam is requiring strict protection of personal data, the way businesses collect and process customer image data will have many changes.
In the world of law, Dewey & LeBoeuf (D&L) was once a symbol of strength and ambition. Formed from the 2007 merger between Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae, the firm quickly became a "Big Law," the term for large law firms, The office has a global presence with huge revenues and reputable clients. With more than 1,300 lawyers and 26 offices worldwide, D&L represents a modern governance model: rapid expansion through the recruitment of "star" lawyers and strategic mergers with other law firms. However, just five years later, on May 28, 2012, D&L filed for bankruptcy, becoming the largest law firm collapse in U.S. history with $315 million in debt.
For many businesses, in the coming time, marketing activities must be reviewed and shaped new strategies to comply with the new legal framework on personal data protection that Vietnam has issued in 2025. Many new, complex and far-reaching requirements will place many responsibilities on the shoulders of businesses that are not very easy.
Foreign workers working in Vietnam are foreign individuals who are obliged to pay and register taxes directly with tax authorities. These individuals are considered to have incomes subject to personal income tax or other individuals who have obligations to the state budget . Tax registration can be carried out through the following two forms: (1) foreign workers directly carry out tax registration; (2) The foreign worker through the income-paying agency/unit and authorizes this agency/unit to carry out tax registration.
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