Water resources law

Stemming from Resolution No.90/CP in August 1997 on the direction and policy of promoting private engagement in educational, medical, and cultural activities, Vietnam has a proud history of crafting policy on the nation’s health. They include legislation on development of non-public service providers, as well as encouraging private investment in education, vocational training, sports, the environment, and lots more. Prof. Dr. Nguyen Van De - chairman of the Vietnam Private Hospital Association Over the past decade or two, these policies have been updated and amended in order to strengthen Vietnam’s framework in this area. These policies have created favourable conditions for localities to organise, apply, implement, and have clear and transparent mechanisms and policies, especially administrative reform in attracting investment for health projects. More importantly, we have attracted many resources, specifically from businesses and capable investors both at home … [Read more...] about Modern policy for private hospitals

Two waste-to-energy projects in Ho Chi Minh City have yet to be completed although work on them started in 2019 and they were expected to treat thousands of metric tons of garbage starting in 2020. The projects are funded by Vietstar Joint Stock Company and Tam Sinh Nghia Investment - Development Joint Stock Company in the Tay Bac Solid Waste Treatment Complex in Cu Chi District. The waste volume in the city increases annually, while burying waste is out-of-date and causes environmental pollution. As a result, Ho Chi Minh City needs to accelerate and put into operation waste-to-energy projects. Vietstar Joint Stock Company has completed the installation and operation of three waste sorting lines, constructed a 27-meter-wide road leading to the plant, leveled a construction site measuring 45,000 square meters, and signed contracts and made deposits for main equipment imports, Ngo Nhu Hung Viet, general director of the company, told Tuoi Tre (Youth) newspaper. However, the … [Read more...] about 2 waste-to-energy projects in Ho Chi Minh City at standstill after 4 years

The plan introduces several key takeaways for investors and financiers interested in the Vietnamese power sector. One notable aspect is the encouragement of rooftop solar and other renewable energy projects for self-consumption, without the need to connect to the national grid. This presents a favourable environment for investors keen on renewable energy opportunities. Chan Hong and Vi Nguyen Lawyers, Dentons LuatViet In addition, the Ministry of Industry and Trade (MoIT) has been tasked to prepare and submit to the government and National Assembly in 2024 the draft of the amended Law on Electricity, which will reflect and actualise objectives and planning under the PDP8 and the draft of the Law on Renewable Energy. These amendments will address key aspects such as the mechanism of auctions and bidding for the selection of investors and determination of tariffs. Investors shall be prepared and be alerted that the power sector in Vietnam would be entering into a … [Read more...] about Power plan a leap in the right direction for 2050 ambitions

With loan transactions, most lenders raise concerns as to the legal requirements for them to implement the loans and collections, specifically when foreign currencies are applied with foreign lenders. Borrowers, on the other hand, are concerned about tax deductibility. To address these concerns, the experts from Grant Thornton Vietnam will discuss the general principles and highlight key tax issues related to foreign loans in Vietnam based on the current regulations and their practical experience. Regulations for loans in Vietnam If domestic loans can be rather challenging to put into practice, foreign loans are much more difficult as they must comply with the laws on foreign currency management. A short-term foreign loan (for 12 months or less) is not required to be registered with the State Bank of Vietnam (SBV), while a medium or long-term foreign loan of more than 12 months must initially be registered with the SBV. Periodically, and no later than the fifth … [Read more...] about Loans in Vietnam – Regulatory and tax-related issues

The continuing intense heat and effects of El Niño have increased the demand for electricity in many parts of the country. Due to a dearth of precipitation in the north, water levels in hydropower reservoirs are unusually low, which has had a significant impact on electricity supply. The MoIT is to implement the PM's directive to increase electricity conservation over the 2023–2025 period and subsequent years by concentrating on practical and effective solutions. These are to be to submitted to the PM for approval by June 8. For wind and solar power projects that have been constructed but do not yet satisfy the requirement for employing the feed-in tariff mechanism, it will be necessary to study and advise their handling according to the level of competence in which they are run. It will also be necessary to evaluate the legal framework governing electricity to provide guidance for investment in the power grid. The promotion of public-private partnerships is seen as essential by … [Read more...] about Prime Minister seeks electricity supply guarantees