A new Penal Code (the “New Penal Code”) came into effect in Vietnam on January 1, 2018. Important for foreign and domestic investors alike, the New Penal Code introduces a number of provisions on corporate criminal liability and anti-corruption, increasing the risks for businesses in the country.

Vietnam’s new Penal Code (the “New Penal Code”), which became effective on January 1, 2018, significantly bolsters Vietnam’s anti-corruption laws with respect to the private sector. The New Penal Code sets out numerous corruption-related offenses, including the giving and promising of bribes, the receiving of bribes, the “brokerage” of bribes, and embezzlement. The most significant corruption-related change in the new law involves the criminalization of private-sector bribery.

The Laos chapter of Global Guide 2018: Doing Business In…, a guide published by Practical Law in association with Lex Mundi, presents a comprehensive Q&A-style overview of doing business in Laos.

The Myanmar chapter of Global Guide 2018: Doing Business In…, a guide published by Practical Law in association with Lex Mundi, presents a comprehensive Q&A-style overview of doing business in Myanmar.