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Client’s inquiry: Could you advise us on taxes on cross-border service in Vietnam? Dear Ms. Ji, Regarding your inquiries on tax issues on cross-border services provided by ___ LLC (hereafter refer as Client) to a Vietnamese company, we would like to give you our advice on this issue as follows: The foreign contractor who has…
22
Jul
Jul
Investment in capital contribution, share purchase, and purchase of contributed capital is one of the investment forms in Vietnam by foreign investors. Specifically, what is the procedure for capital contribution by foreign investors? Forms of capital contribution by foreign investors Foreign investors satisfying the following regulations have the right to contribute capital, purchase shares, or…
22
Jul
Jul
One of the most popular forms of investment today is an investment in the form of a BCC contract. So what is a BCC contract according to the latest regulations? What is a BCC contract? Business Cooperation Contract hereinafter referred to as BCC contract. This is a contract signed between investors for business cooperation, profit…
22
Jul
Jul
According to Point a, Clause 1, Article 4 of the Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH dated December 13, 2005, of the National Assembly Standing Committee, a foreign currency is “the currency of another country or the common currency of the European Union.” Europe and other common currencies used in international and regional payments”. Clause…
12
Jul
Jul
(Published on Vietnam Investment Review) Blockchain technology is bringing a significant revolution and growth in various industries, including capital raising. Pham Duy Khuong, managing director at ASL Law, explains why Vietnam must soon develop a mechanism to regulate this new form of investment. The current wave of IDOs (initial DEX offerings) is sweeping the nation…
10
Jul
Jul
Foreign enterprises that want to implement investment projects in Vietnam need to apply for land first. A land lease is a common form of land use that foreign enterprises should pay attention to. Land lease rights of foreign enterprises According to Clause 22, Article 3 of the Investment Law 2020, a foreign-invested economic organization (FDI)…
03
Jul
Jul
Foreign workers need a work permit in order to legitimately work in Vietnam. Thus, how do you obtain a work permit? How much does it cost to apply for a work permit? What are the conditions for being granted a work permit in Vietnam? The Labor Code 2019 and related documents do not specifically stipulate…
06
Jul
Jul
In the context of strict management of foreign loans, the State Bank of Vietnam wants to limit businesses’ short-term borrowing for the purpose of risking economic bubbles. The State Bank is collecting comments on a draft circular to replace Circular 12 with stricter foreign loan conditions in order to ensure the limit of enterprises’ self-borrowing and…
23
Jun
Jun
(Published in Vietnam Law Magazine) Corporate bonds have been a hot topic in recent days as many big companies have issued corporate bonds to raise capital. This article analyzes current regulations on corporate bonds and the loopholes therein and offers recommendations to protect investors in Vietnam’s bond market. Pham Duy Khuong & Doan Vu Hoai…
15
Jun
Jun
According to Clause 1, Article 2 of the Law on Handling of Administrative Violations (2012), an administrative violation is an act committed by an individual or organization that violates the law on state management, which, however, does not constitute a crime, and as required by law, must be administratively sanctioned. To know whether an act…
