The lawyers who worked on this high profile case involving allegations of auction-rigging explain what others need to know
On June 26 2019 the State Bank of Vietnam issued Circular 06/2019/TT-NHNN on foreign exchange control of foreign direct investment (FDI) activities in Vietnam (Circular 06). It replaced Circular 19/2014/TT-NHNN (Circular 19) and amended certain articles in Circular 05/2014/TT-NHNN on the opening and use of foreign indirect investment capital accounts, and in Circular 16/2014/TT-NHNN on the use of foreign currency and Vietnamese Dong (VND) accounts for residents and non-residents. The issuance of Circular 06 has led to some important regulatory changes relating to the foreign exchange control of FDI activities in Vietnam.
On September 19 2019, the Ministry of Industry and Trade (MOIT) officially submitted its final draft decision to the Prime Minister in order to promulgate a new decision on incentives for investors in solar power projects in Vietnam (Draft Decision). Two substantial incentives in the Draft Decision include (i) new feed-in tariffs (FIT) and (ii) detailed regulations on rooftop solar power projects.