On February 24, 2020, the government of Vietnam issued Decree No. 24/2020/ND-CP (“Decree 24”) providing detailed guidance on the 2019 Law on Prevention and Control of Harmful Effects of Alcoholic Beverages (the “Law on Alcoholic Beverages”), which took effect on January 1, 2020. Among other things, Decree 24 provides further guidance about the restrictions on consumption, advertising, and trading of alcoholic beverages. Below is a summary of these provisions:Consumption of alcoholic beverages

On March 2, 2020, the Department of Mineral Fuels (DMF) issued Notification Re: the Determination of Exploration Blocks for the Bidding for Petroleum Exploration and Production Concessions B.E. 2563 (2020). This notification, which repeals Notification of the Department of Mineral Fuels Re: the Determination of Exploration Blocks for the Bidding for Petroleum Exploration and Production Concessions B.E. 2561 (2018), allocates the areas to be used as exploration blocks for the 23rd round of bidding for petroleum and exploration production concessions.

Under the new Land and Building Tax Act B.E. 2562 (2019), individuals and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units) as of January 1 each year will be required to pay land and building tax to the local administrative authorities. This tax took effect on January 1, 2020.Deadline Postponed for 2020 Land and Building Tax Payment

Attorneys from Tilleke & Gibbins’ offices in Vietnam have contributed the Vietnam chapter to the Foreign Investment Review 2020, a global guide to the legal and regulatory environment for foreign investment in 19 jurisdictions worldwide. Published and distributed by Getting the Deal Through, the guide discusses law and policy on oversight of foreign investment, regulatory frameworks, procedural requirements, and other important stipulations for foreign investors.

Attorneys from Tilleke & Gibbins’ office in Yangon have contributed the Myanmar chapter to the Foreign Investment Review 2020, a global guide to the legal and regulatory environment for foreign investment in 19 jurisdictions worldwide. Published and distributed by Getting the Deal Through, the guide discusses law and policy on oversight of foreign investment, regulatory frameworks, procedural requirements, and other important stipulations for foreign investors.

Dino Santaniello, head of Tilleke & Gibbins’ Vientiane office, has contributed the Laos chapter to the Foreign Investment Review 2020, a global guide to the legal and regulatory environment for foreign investment in 19 jurisdictions worldwide. Published and distributed by Getting the Deal Through, the guide discusses law and policy on oversight of foreign investment, regulatory frameworks, procedural requirements, and other important stipulations for foreign investors.

Attorneys from Tilleke & Gibbins’ office in Phnom Penh have contributed the Cambodia chapter to the Foreign Investment Review 2020, a global guide to the legal and regulatory environment for foreign investment in 19 jurisdictions worldwide. Published and distributed by Getting the Deal Through, the guide discusses law and policy on oversight of foreign investment, regulatory frameworks, procedural requirements, and other important stipulations for foreign investors.

The latest update to the Laos chapter of Thomson Reuters’ Practical Law guide to insurance and reinsurance has been published, written by legal practitioners from Tilleke & Gibbins’ Vientiane office. The guide presents a Q&A-style overview of insurance and reinsurance laws and practices in major jurisdictions around the world.