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The draft law clearly states that the government agrees to regulate that Vietnamese individuals settled abroad with Vietnamese citizenship will have all the land-related rights as citizens residing within the country. The Ministry of Natural Resources and Environment has drafted certain provisions to amend the Land Law, which the government has submitted to the National…
27
Jan
Jan
World Bank has awarded a Certificate of Appreciation for ASL LAW’s contribution as an expert to the Business Ready (B-READY) project’s Pilot I phase. This prestigious recognition is evidence of ASL LAW’s dedication to promoting private sector growth on a global scale. Key highlights of B-READY project: As the World Bank’s Business Ready (B-READY) team…
29
Jan
Jan
On January 18, 2024, the Ministry of Finance issued Decision No. 124/QĐ-BTC on the Legal Support Plan for Small and Medium-sized Enterprises (SMEs) in 2024. The main forms and focus areas of the Ministry of Finance’s Legal Support Plan for SMEs in 2024 include: ASL Law is a leading full-service and independent Vietnamese law firm…
01
Feb
Feb
Vietnam has taken significant steps to bolster its supporting industry, aiming to attract foreign investment and promote sustainable growth. The country’s program for the development of the supporting industry, spanning from 2016 to 2025, recently underwent modifications to intensify efforts in attracting foreign capital into this crucial sector. The amendments, outlined in Decision No. 71/QD-TTg…
20
Jan
Jan
The government has recently issued Resolution No. 02/NQ-CP on key tasks and solutions to improve the business environment and enhance national competitiveness in 2024. Accordingly, the resolution sets the goal of reducing input costs and legal compliance costs in investment and business activities, reducing policy risks, strengthening trust, creating a recovery foothold, and enhancing the…
05
Jan
Jan
The M&A activities in 2023 are still not as exciting and dynamic as expected. However, with encouraging signals in M&A deals, particularly in the real estate and technology sectors in the latter half of 2023, along with policy changes aimed at attracting foreign investment, the Vietnamese M&A market is expected to recover and thrive in…
08
Jan
Jan
(Published on VIR’s website) With positive signals in real estate and technology-related merger and acquisition (M&A) deals in the latter part of 2023 and policy changes aimed at attracting foreign investments, the Vietnamese M&A market is expected to recover and thrive in 2024. Explaining more is ASL Law’s managing partner Pham Duy Khuong and senior…
05
Jan
Jan
In the face of global economic uncertainties, the Vietnamese economy still maintains stability, attracting a remarkable $36.6 billion in foreign direct investment (FDI) in the year 2023. Despite the challenges posed by the global economic downturn, FDI experienced a robust 32.1% increase compared to the previous year, demonstrating the resilience of Vietnam’s economy. According to…
30
Dec
Dec
International Classification of Goods and Services for the Registration of Trademarks, is scheduled to undergo significant modifications that will come into effect on January 1, 2024. Maintained by the World Intellectual Property Organization (WIPO), this classification system plays a vital role in facilitating the registration of trademarks worldwide. Each of the 45 categories encompassing goods…
02
Jan
Jan
The total registered capital for new, adjusted, and contributed capital for share purchases by foreign investors as of November 20, 2023, reached $28.85 billion, an increase of 14.8% compared to the same period in 2022. Specifically: While attracting foreign investment has shown positive signs this year, to attract high-quality FDI in the future, Vietnam needs…
