What are foreign exchange and forex trading in Vietnam?

What are foreign exchange and forex trading in Vietnam?

Foreign exchange is a term used to refer to all payment methods used on the global market. More specifically, foreign exchange refers to an asset or property right that is convertible into a foreign currency and used by multiple countries as a payment method recognized and approved by the international community. Forex forms include: Foreign exchange market A…

ASL Law and Johnson Winter Slattery (Australia) offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery offer legal guidance for managing risk involved in global trade activities

ASL Law and Johnson Winter Slattery jointly organized a workshop on managing risk related to international trade among Vietnam, the United States, Australia, the EU, and other countries in Ho Chi Minh City. The workshop aimed to facilitate professional networking and provide a platform for discussing the risks inherent in conducting international trade in these…

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

Legal bottlenecks must be resolved for Vietnam’s online gaming industry to win

(Published on Vietnam Investment Review) Online game developers in Vietnam are facing many legal problems related to their activities. The first legal problem is that the current regulations on licensing procedures for online games are often complicated and lengthy. In Vietnam, game developers need to have an operating license issued by the authorities. Depending on…

Which types of capital contributions or share purchases are permitted by foreign investors in Vietnam?

Which types of capital contributions or share purchases are permitted by foreign investors in Vietnam?

Article 24 of the Investment Law 2020 stipulates that investors have the right to contribute capital, buy shares, and purchase capital contributions from economic organizations. Accordingly, the activities of capital contribution, share purchase, and capital contribution purchase of economic organizations by foreign investors must fully satisfy the conditions listed below. According to the above regulations…

Regulations on Special investment incentives in Vietnam

Regulations on Special investment incentives in Vietnam

The Government has made a decision to implement special investment incentives and support policies in order to encourage the growth of a number of projects with substantial economic effect. The following projects will be given special investment incentives and support in accordance with the Investment Law 2020: Moreover, in accordance with Clause 3 of Article…

Vietnam: amending regulations for using temporarily idle state funds to repurchase government bonds with a term

Vietnam: amending regulations for using temporarily idle state funds to repurchase government bonds with a term

A number of articles of Circular No. 107/2020/TT-BTC, which govern the transaction of repurchasing with a term of government bonds from temporarily idle state funds of the State Treasury, have been amended and supplemented by Circular No. 12/2023/TT-BTC, which was recently published by the Ministry of Finance (State Treasury). As a result, in order for…

Effects of new policies on foreign-invested groups in Vietnam

Effects of new policies on foreign-invested groups in Vietnam

(Published on Vietnam Investment Review) Foreign-invested enterprises in Vietnam are making a comeback and on the way to recovery after the extremely difficult last few years. In order to support foreign-invested enterprises (FIEs) in Vietnam, the government has issued new policies that have recently taken effect to attract capital and help FIEs continue to recover…

Vietnam: Effects of early 2023 policies on FDI enterprises

Vietnam: Effects of early 2023 policies on FDI enterprises

The year 2022 marks the time when Vietnam’s economy recovers from the Covid-19 pandemic, and bright spots are preferential policies and support for businesses, including foreign direct invested (“FDI”) enterprises on taxes, fees, and other supporting policies. From that, FDI enterprises have made a comeback and are on the way to recovery after the extremely…

Vietnam: establishing a set of standards to assess the effectiveness of foreign investment

Vietnam: establishing a set of standards to assess the effectiveness of foreign investment

With regard to the draft Prime Minister’s Decision establishing a set of standards for assessing the effectiveness of foreign investment in Vietnam, the Ministry of Planning and Investment is collecting community comments. According to the Ministry of Planning & Investment (MPI), the foreign investment sector has grown to be a significant component of the economy…

Fintech services are used by about 60% of Vietnamese online consumers

Fintech services are used by about 60% of Vietnamese online consumers

Vietnamese online consumers are using more digital shopping platforms than ever before, with e-commerce accounting for 51% of all online purchases. Vietnam is a leading market for implementing new technologies, with 58% of digital consumers using e-wallets, digital banking, and online banking services. In Vietnam, over 80% of the population is represented as online consumers,…

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