Vietnam: Many businesses still lack a clear understanding of responsible business practices

Vietnam: Many businesses still lack a clear understanding of responsible business practices

Awareness of responsible business among businesses remains limited, with some even confusing it with corporate social responsibility. ASL LAW was a speaker at the Workshop on developing and implementing policies to promote “Responsible Business Practices: Experience in the European Union (EU), Thailand” During the workshop on developing and implementing policies to promote “Responsible business practices: Experience…

ASL LAW lawyers speak on the topic of Green Environment: Businesses’ Responsibility to the Environment in Vietnam’s People Newspaper

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Organized in Ho Chi Minh City on October 31, 2023, and in Hanoi on November 3, 2023, ASL LAW participated in the seminar “Developing and Implementing Policies to Promote ‘Responsible Business Practices’: EU Experience & Practice in Vietnam/Participation of Businesses & Social Organizations.” On July 14, 2023, Vietnam Prime Minister issued the National Action Program…

The EVFTA facilitated EU investors in gaining access to and expanding in Vietnam

The EVFTA facilitated EU investors in gaining access to and expanding in Vietnam

Over a span of more than three years, the Vietnam-European Union Free Trade Agreement (EVFTA) has played a crucial role in enabling robust recovery in exports to the EU. It transitioned from a 1.8% decline in 2020 to impressive increases of 14.2% in 2021 and 16.8% in 2022. Additionally, the proportion of capital invested by…

Recognition and enforcement of SIAC awards in Vietnam: The case of Rang Dong Plastic Company vs. Sojitz Japan

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In the case of Rang Dong Plastic Company (RDP) vs. Sojitz Corporation of Japan, the Singapore International Arbitration Centre (SIAC) issued a ruling that required the Vietnamese company to compensate Sojitz for approximately VND 157 billion and pay VND 21 billion in costs and interest. Despite the SIAC’s decision, Rang Dong Holding (RDP) repeatedly ignored…

Key Considerations When Expanding Operations in Vietnam

Key Considerations When Expanding Operations in Vietnam

Vietnam has developed to become an important destination for foreign investors and business growth, as well as one of the region’s fastest-growing economies in the world. One of the primary factors that draw foreign business owners and entrepreneurs to Vietnam is its position as the third-largest market in Southeast Asia. This is further bolstered by its…

Process and Procedures for Establishing Foreign Direct Investment (FDI) Businesses in Vietnam

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Foreign Direct Investment (FDI) businesses are common terms used in the finance and business sectors in Vietnam and internationally. However, not everyone fully understands this term and the necessary procedures for establishing FDI businesses in Vietnam. FDI businesses play a crucial role in the operation of Vietnam’s economy. With international investment capital, FDI enterprises with…

New regulations on foreign loan conditions in Vietnam

New regulations on foreign loan conditions in Vietnam

The State Bank of Vietnam has issued Circular 08/2023/TT-NHNN on conditions for borrowing foreign loans not guaranteed by the Government, replacing Circular No. 12/2014/TT-NHNN effective from August 15, 2023. Despite the concerns of banks that the revised lending regulations could significantly disrupt offshore lending, the new Circular still contains less stringent regulations than anticipated. These…

Vietnam: Solutions to attract FDI in real estate

Vietnam: Solutions to attract FDI in real estate

Vietnam’s real estate market is expected to get more diverse as a result of real estate FDI projects. According to the Ministry of Planning and Investment, Vietnam currently invests in the real estate sector with 1,100 projects with a total investment capital of 66.4 billion USD, accounting for 15% of the total investment capital. After…

Challenges in the Protection of intellectual property rights in the online gaming industry

Protection of intellectual property rights in the online gaming industry

Protecting intellectual property rights (IPR) is one of the most important activities of the gaming industry. This activity can help game developers protect their works, as well as ensure that they receive adequate recognition and revenue. However, IPR protection can be difficult in the digital world, especially in countries that do not have or do…

The Importance of Intellectual Property Rights in Technology Transfer

The Importance of Intellectual Property Rights in Technology Transfer

Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. IP is protected through patents, copyrights, trademarks, and trade secrets, providing creators with exclusive rights over their creations for a limited period. Technology transfer, on the other hand, is the process…

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