Stay up to date with legal developments in Vietnam.
What's New
Decree No. 52/2024/ND-CP on Non-Cash Payments
On 15 May 2024, the Government issued Decree No. 52/2024/ND-CP ("Decree 52/2024") on non-cash payments, replacing the former Decree 101/2012/ND-CP on the same subject ("Decree 101/2012"). The decree came into effect from 1 July 2024.
Decree 52/2024 does not significantly overhaul the regulations in its predecessor (Decree 101/2012) (e.g. maintaining much of the rules and principles surrounding the use of non-cash payments and engagement of intermediary payment services). However, it introduces some new concepts such as electronic money, and tightens the conditions for providing intermediary payment services (IPS).
This Update provides a high-level summary of the key provisions of Decree 52/2024.
Decree No. 55/2024/ND-CP Guiding the Law on Consumer Rights Protection
On 16 May 2024, the Government issued Decree No. 55/2024/ND-CP ("Decree 55/2024") guiding certain articles of the Law on Consumer Rights Protection. The decree came into effect from 1 July 2024 together with the Law on Consumer Rights Protection.
This Update provides a high-level summary of the key provisions introduced by Decree No. 55/2024.
Draft Law on Data
On 1 July 2024, the Ministry of Public Security issued the draft Law on Data ("Draft Law") for public consultation.
The State acknowledges that there are currently 69 laws that regulate data and databases (including national databases and specialised databases) or which contain regulations related to data (e.g. Law on Electronic Transactions, Law on Cybersecurity, Law on Network Information Security and Law on Information Technology). It is for this reason that the State saw the need to develop a consolidated law to regulate all types of data, including personal data.
This Update provides a high-level summary of the key provisions provided in the Draft Law.