Legal Updates for January 2024

Law on Telecommunications 2023

On 24 November 2023, the National Assembly approved and passed the new Law on Telecommunications No. 24/2023/QH15 ("2023 LOT").

The 2023 LOT replaces the existing Law on Telecommunications that was enacted in 2009. The 2023 LOT will take effect from 1 July 2024, except for certain regulations concerning the following which take effect from 1 January 2025: (i) the provision of basic telecommunications services on the internet, data centre services and cloud computing services; and (ii) payment of fees for use of network numbers.

The proposed key changes introduced by the 2023 LOT relate to the following:

  • Data centres and cloud computing services;
  • Basic telecommunications service on the internet;
  • New telecoms licensing regimes; and
  • Wholesale activities in telecoms and competition management.
Regional Guide on Listings & Initial Public Offerings in Southeast Asia

Rajah & Tann Asia is pleased to present this guide on listings and initial public offerings in Southeast Asia to you, which we believe will be a useful aid to listing aspirants in the Asia region. As a summary, this guide gives a general overview of the key requirements and processes involved in listings and initial public offerings in the following jurisdictions: 

  • Singapore
  • Indonesia
  • Malaysia
  • Thailand
  • Cambodia
  • Vietnam 

In addition to the above, this guide also provides a general overview of the capital markets and/or stock exchanges in the region. 

Rajah & Tann Asia is here to assist you in every step of your way towards a successful listing. If you have any queries on any specific jurisdiction(s), please feel free to reach out to any one of our experts in our Rajah & Tann Asia and we will be happy to assist. 

This publication is up to date as of 3 January 2024.  As the report is cast in general terms and not exhaustive, detailed advice must be sought on specific situations or queries. 

Tax & Custom Alert – January 2024

In this Update, we highlight the following tax and customs developments in Vietnam: 

  • Global Minimum Tax Introduction & Potential Tax Reforms;
  • Double Tax Agreement between Vietnam and Singapore - Application to Capital Share Transfer in Vietnam Entity; and
  • Supplements to Vietnam’s Customs Regulations for Period 2022 – 2027 under RCEP.