The Ministry of Construction released a draft circular which requires real estate developers to open a separate payment account for the 2% maintenance fee. The owner accordingly will have to agree immediately in the contract with the apartment buyer on a fixed account to collect the 2% maintenance fund. VTV has had a report on…
(Published on VIR). August 1 has become a historic milestone for EU-Vietnam relations as the EU-Vietnam Free Trade Agreement (EVFTA) officially came into force to have a major impact on the economy and the legal system of Vietnam. Firstly, the EVFTA has and will have a far-reaching impact on the legal system of Vietnam. Before…
July 28, 2020, Malaysia’s Ministry of International Trade and Industry (MITI) initiated an anti-dumping investigation against cold-rolled stainless steel products originated from Vietnam and Indonesia. – The plaintiff: Bahru Stainless Sdn. Bhd. – Investigated products: Cold-rolled stainless steel in coils, sheets or other forms, classified under HS. Codes and AHTN: 7219.31.00.00, 7219.32.00.00, 7219.33.00.00, 7219.34.00.00, 7219.35.00.00;…
July 28 2020, Malaysia’s Ministry of International Trade and Industry (MITI) initiated an anti-dumping investigation against some Polyethylene Terephthalate (known as PET, PETE or PETP or PET-P) originated from Vietnam, Chinas, Indonesia, Japan, Korea, and the United State. – The plaintiff: Recron (Malaysia) Sdn. Bhd. – Investigated product: Polyethylene Terephthalate, with the intrinsic viscidity of…
(Published on Vietnam Investment Review) International integration has been developing remarkably, in Vietnam and Singapore in particular. As two countries in the ASEAN, the international relationship among them has become closer so as to assist each other for mutual development. As a result, the two countries have opened their door for more funding from domestic…
Economic concentration can be understood as follows: Business acquisition, business merger, joint venture between enterprises, business consolidation. Other forms of economic concentration as prescribed by law. When preparing an economic concentration dossier, the following should be noted: Identification the control or domination factor of an enterprise or its business line to determine economic concentration in…
The amended Investment Law and the Enterprise Law: impacting on improving the quality and efficiency of attracting domestic and foreign investment resources in Vietnam. With the increasingly dynamic economic integration in Vietnam, in particular, the two significant FTAs are passed currently, which are CPTPP and EVFTA, have brought many more opportunities to domestic businesses and…
The amended Law on Investment and the Law on Enterprises will improve the quality and efficiency of attracting domestic and overseas investment resources in Vietnam (Published on Vietnam Investment Review). With Vietnam’s increasingly dynamic economic integration, new or imminent free trade agreements have brought many more opportunities to local firms and opened many directions of…
On 16-17 June, 2020, the National Assembly has passed the new Law on Enterprises and the Law on Investment. The Article shall highlight major changes of the laws that shall come into force on 1 January, 2021. If you do business in Vietnam, you must aware these changes. With the increasingly dynamic economic integration…