- Vietnam has introduced several important legal and regulatory developments affecting employers and investors related to the electronic labour contract, the merger control regime and the carbon credits framework.
- The electronic labour contract framework is now fully operational, allowing employers to adopt e-contracts while retaining paper contracts as a valid alternative. Organisations choosing electronic contracts must comply with requirements relating to licensed service providers, digital signatures, government systems, cybersecurity, personal data protection and record retention.
- Vietnam has also introduced temporary reforms to its merger control regime, significantly increasing merger filing thresholds and providing clearer guidance for securities-related transactions. These measures are intended to streamline transaction processes, reduce compliance burdens and enable the competition authority to focus on transactions that raise greater competition concerns.
- In addition, Vietnam has established the legal framework for trading greenhouse gas emission allowances and carbon credits on a regulated domestic exchange. The framework sets out rules for market participation, eligible carbon assets, trading mechanisms and implementation.
- You can read the updates here:
1.
Electronic Labour Contract
