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In the dynamic landscape of global investment, Vietnam has emerged as an increasingly attractive destination for foreign investors seeking opportunities in Southeast Asia. With its robust economic growth, favorable business environment, and strategic location, the country offers a multitude of prospects across various sectors. Understanding the process of opening investment capital accounts is crucial for…
27
Mar
Mar
The development of offshore wind power projects in Vietnam is currently awaiting legal clarity. According to the Ministry of Industry and Trade, several amendments and additions to various laws are necessary to enable the implementation of offshore wind power projects. These include revisions to the Investment Law, Bidding Law, Law on Marine Resources, Environment, and…
21
May
May
India has recently updated its patent rules to address concerns raised by those applying for patents in the country. These changes, known as the Patents (Amendment) Rules, 2023, were discussed with stakeholders in August 2023 and officially announced on March 15, 2024. Interestingly, this announcement coincided with the Indian Patent Office granting an impressive 100,000…
18
Mar
Mar
Investing abroad can be a strategic move for businesses looking to expand their operations and tap into new markets. However, the process of transferring investment capital abroad is governed by strict regulations aimed at maintaining financial stability and transparency. In Vietnam, these regulations are outlined in both the Investment Law and related government decrees. Understanding…
19
Mar
Mar
(Published in Vietnam Investment Review) ASL Law has been awarded top honors by several different ranking organizations yet again. According to results recently announced by several law firm ranking organizations, ASL LAW, an independent and full-service Vietnamese law firm, has been ranked as the top-tier law firm in Vietnam in different practical areas. In early…
22
Mar
Mar
(Published in Vietnam Investment Review) For years, Vietnam has been globally acknowledged as a nation of great potential for the advancement of the semiconductor chip industry, owing to its advantageous geographical position, political stability, and reservoir of high-quality human resources. Recognizing the pivotal role of the semiconductor industry in the 4.0 era, the Vietnamese government…
20
May
May
The Vietnamese government has taken a significant step towards enhancing transparency and efficiency in Bidding processes with the issuance of Decree No. 24/2024/ND-CP. This decree, which provides detailed guidelines for the implementation of the Bidding Law, aims to improve the selection of contractors and ensure compliance with legal requirements. Under the provisions of the new…
21
May
May
The Ministry of Construction in Vietnam has unveiled a draft decree aimed at guiding the implementation of the recently enacted Law on Real Estate Business. With the law set to take effect from January 1, 2025, the draft decree is a crucial step towards ensuring compliance and establishing a robust legal framework for the management…
21
May
May
Deputy Prime Minister Le Minh Khai has taken a significant step towards bolstering Vietnam’s commitment to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction. On February 23, a decision was signed to promulgate the national action plan aimed at implementing the Government’s pledge in this crucial area. The primary objective…
22
May
May
The worker’s right to strike in the Vietnamese Labor Code reflects progress and fairness in labor relations in the market, the most fundamental factor contributing to material wealth for the economy. Organizing strikes is not only a means to protect the interests of workers but also a mechanism to regulate labor relations, creating conditions for…
