A new decree on penalties for violations related to the crypto asset market creates compliance risks for offshore crypto asset exchanges in Vietnam that do not hold, and practically cannot obtain, a Vietnamese license, and for Vietnamese users who continue to transact on those platforms. Decree No. 284/2026/ND-CP (Decree 284), issued by the government of Vietnam on July 16, 2026, formally establishes an administrative penalty framework for violations related to crypto assets and the crypto asset market. The decree takes effect on September 1, 2026, and will remain in force for the duration of the five-year pilot program under Resolution No. 05/2025/NQ-CP, which is scheduled to end in September 2030. Direct Penalties on Vietnamese Users The most immediate commercial risk to offshore platforms is that their Vietnamese users now face direct personal liability for using their exchanges. Vietnamese users who trade crypto assets outside of a Ministry of Finance-licensed service provider face fines of up to VND 50 million (approximately USD 1,900). Vietnamese users trading in crypto assets that are offered or issued to foreign users face higher penalties of up to VND 100 million (approximately USD 3,800). It is expected that Vietnamese users will be more willing to migrate away from offshore platforms now that there is a risk of real enforcement against them. Penalties on Unlicensed Service Providers Violations of providing crypto asset services or advertising crypto-related services without a license face fines of up to VND 200 million (approximately USD 7,700). Operating a crypto asset trading market without proper authorization falls within the same highest penalty bands. Organizations that violate issuance, provision, or disclosure rules may face fines of up to VND 200 million. Although the maximum administrative fine per violation is capped at VND 200 million for organizations and VND 100 million for individuals, these

Aviation law experts from Tilleke & Gibbins’ Vietnam offices have prepared the Vietnam chapter of Aviation Finance & Leasing 2026 from Chambers and Partners. Covering nearly 40 jurisdictions worldwide, the guide addresses key legal considerations for aircraft lessors, lessees, and financiers. Alongside the Vietnam chapter, Tilleke & Gibbins also provided the Thailand chapter for this year’s edition. The Vietnam chapter delivers detailed insights into the legal environment affecting aircraft sale and purchase, aircraft and engine leasing, and aircraft debt finance. Some of the topics it examines include: sale and lease agreement terms taxation lease registration and enforcement lease assignment/novation insurance and reinsurance debt structuring securities liens The guide also covers other issues influencing the day-to-day activities of aviation industry participants in Vietnam. Chambers and Partners’ Global Practice Guides provide in-house counsel with authoritative analysis of practical legal matters impacting business, enabling readers to compare legislation and relevant procedures across leading jurisdictions. The Vietnam chapter of Aviation Finance & Leasing 2026 is available as a PDF through the button below. The full guide can be accessed for free on the Chambers and Partners website.

Tilleke & Gibbins has contributed the Thailand and Vietnam chapters to Investigations in Southeast Asia, a comprehensive guide published by Drew Network Asia (DNA). The resource provides a practical overview of anticorruption laws, corporate investigations, and compliance frameworks across six key Southeast Asian jurisdictions. Designed for in-house counsel, compliance officers, and risk management professionals, the guide offers actionable insights for navigating complex cross-border regulatory challenges and establishing effective, regionally coordinated compliance and investigation strategies. The guide begins with a regional perspective on enforcement trends and cross-border cooperation initiatives. Jurisdiction-specific chapters follow a standardized structure—covering primary corruption offenses, enforcement authorities, corporate liability, investigation procedures and dawn raids, whistleblower protections, and recommended compliance measures. In addition to country-by-country analysis, the publication highlights best practices for conducting internal investigations, managing digital evidence, and handling parallel proceedings involving multiple regional or international regulators. The guide serves as a practical reference for organizations operating in Southeast Asia. Because legal and regulatory risks depend on specific industry sectors and operational contexts, readers seeking tailored advice are encouraged to contact the authors listed in each chapter. The full guide is available for download through the button below or directly from the DNA website.

When Decree No. 186/2026/ND-CP (Decree 186) takes effect on July 15, 2026, it will introduce the most significant reform of Vietnam’s administrative IP enforcement framework since Decree 99/2013/ND-CP was issued in 2013. These changes are expected to make administrative enforcement faster, more accessible, and better suited to the realities of modern IP disputes. Below are the principal reforms and their practical implications for rights holders and enforcement practitioners. The End of Notarization and Consular Legalization Among the most welcome procedural changes is the abolition of the notarization and consular legalization requirement for powers of attorney (POA) submitted in administrative enforcement proceedings. Under the previous regime, foreign rights holders were generally required to execute a POA, then have it notarized and consular legalized (if seeking customs recordal). In practice, this process frequently delayed enforcement by four to eight weeks, often long enough for infringing goods to disappear before authorities could intervene. Decree 186 removes this bottleneck, now requiring only an original or certified copy of the POA. If the document is in a foreign language, a Vietnamese translation is sufficient, provided it is certified by a competent authority or confirmed by the authorized Vietnamese IP representative. Consular legalization and notarization are no longer required. For rights holders, the practical impact is substantial. Administrative enforcement files that previously took weeks to prepare can now be completed in a matter of days, allowing much faster responses in time-sensitive matters such as warehouse raids, border interventions, and trade-fair enforcement. The decree also introduces a useful administrative simplification. Where an original POA has already been submitted to the same enforcement authority and remains valid, applicants may rely on a copy of that earlier submission by identifying the previous case file. This eliminates unnecessary duplication for rights holders pursuing multiple enforcement actions before the same