As Vietnam continues to reinforce its position as a leading investment destination in the Asia-Pacific region, the demand for account opening and access to credit by foreign-invested enterprises (FIEs) has been on the rise. However, these activities are not merely administrative procedures—they are tightly regulated under Vietnam’s financial, banking, and oversea investment legal framework. This…
Vietnam is steadily emerging as a strategic destination for renewable energy investment in the Asia–Pacific region, particularly in the wind and solar power sectors. However, implementing a renewable energy project is not merely a technical or financial matter—it is a complex process governed by a multi-layered legal framework, including oversea investment, land, construction, electricity, and…
In the context of deepening global integration, more Vietnamese enterprises are seeking to expand their operations overseas. However, to legally and effectively carry out oversea investment activities, businesses must strictly comply with all legal procedures regulated by Vietnamese law as well as the laws of the host country. Preparing documents and obtaining investment policy approval…
In the face of increasing market competition, cost control pressures, and complex regulatory requirements, legal outsourcing in Vietnam has become a strategic solution for small and medium-sized enterprises (SMEs). Instead of maintaining a costly in-house legal team, businesses can now rely on professional Vietnam legal outsourcing services for efficient, reliable, and affordable legal support. Why…
On May 26th, 2025, ASL LAW has the privilege of hosting an in-depth legal workshop on dispute resolution procedures in China and related practical considerations for foreign investors and legal practitioners. The event featured Dr. Jie Lian, Esq., a distinguished Chinese legal expert and licensed international litigator with over 15 years of experience handling litigation…
In its economic development journey, Vietnam has undergone significant transitions—from a centrally planned economy to a socialist-oriented market economy. In this process, the private sector has increasingly played a pivotal role in the national economic structure. 1. Evolution of Economic Policy Over the Years 2. Economic Structure by Sector (2022) Among a total of 735,455…
In a major policy move underscoring the evolving role of the private sector in Vietnam’s socialist-oriented market economy, the Vietnam Communist Party has issued a new Resolution dedicated entirely to accelerating private sector development. The Resolution reaffirms the strategic importance of private enterprises as a dynamic driving force behind economic growth, innovation, and national prosperity….
“The global stability we once knew will not return anytime soon.”– Singapore Prime Minister Lawrence Wong, April 4, 2025 (Channel News Asia) In an era where nations prioritize domestic interests, escalate protectionist measures, and unilaterally impose tariffs, both Vietnamese enterprises and foreign direct investment (FDI) companies operating in Vietnam are confronting unprecedented legal challenges. This…
ASL LAW is a top-ranked Vietnam IP Law Firm, offering Vietnam IP Services including Trademark in Vietnam, Patent in Vietnam, and IP enforcement for international businesses. Leading Vietnam Intellectual Property Law Firm ASL LAW is a top-rated Vietnam IP Law Firm recognized by Legal500, AsiaLaw, and WTR1000. We specialize in providing Vietnam IP Services for…
The business license tax is a mandatory tax for enterprises and business households in Vietnam. However, when a business temporarily suspends operations, many business owners wonder whether they are still required to pay this tax. This article clarifies the issue based on current legal regulations. 1. What is Business License Tax? Business license tax (now…