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As of June 20, 2024, Vietnam has witnessed significant growth in foreign investment, with total newly registered capital, adjustments, and capital contributions by foreign investors reaching over $18 billion. This marks an impressive increase of 10.9% compared to the same period in 2023. Foreign investors have shown strong interest in new projects, with 1,816 projects…
24
Aug
Aug
On June 29, the National Assembly of Vietnam passed the Law Amending and Supplementing a Number of Articles of the Land Law 31/2024/QH15, Housing Law 27/2023/QH15, Law 29/2023/QH15 on Real Estate Business, and Law 32/2024/QH15 on Credit Institutions (the Law). This comprehensive legislation aims to streamline and update existing regulations, with significant implications for various…
25
Aug
Aug
The Ministry of Planning and Investment (MPI) has recently unveiled a proposal for a new law focused on industrial parks, aiming to foster the development of large ecological industrial parks (EIPs) and attract high-quality investments. This initiative is part of Vietnam’s broader goals of industrialization, modernization, green infrastructure, digitization, and embracing a circular economy. Key…
28
Jul
Jul
Vietnamese investors looking to expand their operations internationally must navigate a defined legal framework to obtain the necessary approvals for outward investment. This article outlines the procedure for obtaining a Certificate of Registration for outward investment under the Investment Law 2014 and details the circumstances under which an outward investment project may be terminated. Procedure…
29
Jul
Jul
In the context of globalization, Vietnamese investors are increasingly looking beyond domestic borders for investment opportunities. Understanding the legal framework for outward foreign investment is crucial for compliance and strategic planning. This article delves into the sources of capital included in outward foreign investment, the conditions under which investors can transfer capital abroad, and the…
29
Jul
Jul
The U.S. Department of the Treasury has officially declared that Vietnam “does not manipulate currency” in its recent report, marking a significant development in the economic relationship between the two nations. This announcement came in the June edition of the “Macroeconomic and Foreign Exchange Policies of Major U.S. Trading Partners” report, where the department commended…
20
Jul
Jul
In a move to provide financial relief amid ongoing economic challenges, the Vietnamese government has issued Decree No. 64/2024/ND-CP, granting extensions for various tax payments and land rent due in 2024. This decision aims to support businesses and individuals by improving cash flow management and easing financial burdens. Personal Income Tax and VAT for Small…
20
Jul
Jul
The Ministry of Planning and Investment in Vietnam has recently drafted a new Decree on business registration, set to replace Decree No. 01/2021/ND-CP. This proposed legislation introduces several significant changes aimed at streamlining business registration processes and improving transparency in the business environment. Key changes in the Draft Decree include: Abolition of Business Household Registration…
17
Jul
Jul
At the 5th Extraordinary Session of the 15th National Assembly, Vietnam’s National Assembly demonstrated a strong commitment to legislative reform by discussing and approving the amended Vietnam Land Law. This article explores the main issues addressed in the revised Land Law, highlighting the key changes and their implications. New Points of the Amended Vietnam Land…
06
Jul
Jul
On June 25, 2024, ASL LAW, in collaboration with WongPartnership LLP, one of Singapore’s Big 4 law firms, organized a seminar titled “Experience in Resolving Disputes through International Arbitration in Singapore and Enforcement of Arbitral Awards in Vietnam.” This event brought together leading legal experts and practitioners to discuss key aspects of international arbitration, with…
