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INSIGHTS THIS MONTH

June 2023

HIGHLIGHT OF THIS MONTH

Automated System to Apply for E-Commerce Licenses/Permits Available

Under the E-commerce Law, the Ministry of Commerce (“MOC”) and Ministry of Posts and Telecommunications (“MPTC”) are the competent authorities governing the e-commerce sector. The MOC is in charge...

IN THIS ISSUE

Cambodia Releases Latest Power Development Plan

[From our Cambodia Office]

The Electricite de Cambodge (“EDC“) has shared its newest Power Development Plan with key stakeholders. We exclusively provide this link for our clients and... 

Circular No. 12 dated 20 June 2023 issued by the Banking Regulation and Policy Department of the Bangladesh Bank on “Loan Rescheduling for the Shipbuilding Industry”

[From our Bangladesh Office]

The Bangladesh Bank has introduced a loan rescheduling facility aimed at providing relief to the country’s shipbuilding industry, which has been adversely impacted by... 

Circular No. 10 dated 21 June 2023 issued by the Foreign Exchange Policy Department of the Bangladesh Bank on “Maintenance of Foreign Currency Accounts for Foreign Investment”

[From our Bangladesh Office]

Aiming to facilitate foreign exchange transactions related to foreign investments in Bangladesh, the Bangladesh Bank has decided that authorized dealers (ADs) are permitted to... 

Summary of “Power Grid to Issue Shares for Accounting Adjustment of Long-Held Govt Investment,” Babul Barman, The Financial Express, 15 June 2023

[From our Bangladesh Office]

To partially comply with a three-year-old directive from the Financial Reporting Council (“FRC”), the state-run electricity transmission and distribution service provider, Power Grid Company,... 

RECENT VDB LOI WORK

Infrastructure market entry in Bangladesh: VDB Loi Bangladesh is advising on the market entry of the investment arm of one of the largest Chinese infrastructure companies.

Ecopark resort in Cambodia: The Cambodia team is assisting on the development of an ecopark resort.

Corporate and M&A work in Laos: The Lao team conducted a legal due diligence on the Lao subsidiary of a Thai logistics company.

Foreign exchange regulatory in Myanmar: VDB Loi Myanmar has been engaged to assist a global leader in power and infrastructure management solutions with obtaining regulatory approval to remit foreign currency out of the country.

Market entry in Vietnam: The Vietnam team is providing legal and tax advice to a leading international engineering company on its market entry and investment fund flow into Vietnam.

VDB LOI NEWS

VDB Loi Hosted the “Opportunities in Renewable Energy and Infrastructure: Bangladesh, Cambodia, Laos and Vietnam” Seminar in Tokyo

We are delighted to announce that our event on Opportunities in Renewable Energy and Infrastructure in South and Southeast Asia was a great success, with approximately 100 attendees, in Tokyo,...

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