(Published on VIR) Starting March 4, all aluminum and steel imports into the U.S. will be subject to a 25% tariff. This sudden change presents significant challenges for Vietnamese exporters. As Vietnam ranks fourth among the largest steel suppliers to the U.S., this policy shift could have severe direct and indirect consequences for the country’s…
Vietnam is on the brink of a significant judicial transformation with the establishment of its specialized courts, including a dedicated intellectual property (IP) court in Vietnam. This development follows the National Assembly’s approval of the amended Law on the Organization of People’s Courts on June 24, 2024. These amendments pave the way for establishing specialized…
Foreign organizations and individuals can now own up to 30 percent of the total apartments in a condominium, according to Decree 95/ND-CP, which took effect on August 1. This regulation marks a significant shift in Vietnam’s real estate market, offering more opportunities for foreign investment. Key Provisions of Decree 95/ND-CP Increased Ownership Cap for Condominiums…
The International Labor Organization (ILO) has identified significant challenges facing the labor market and social equity in the Asia-Pacific region. Despite the gradual recovery of global economic growth, it remains slow, and the Vietnam labor market reflects this sluggish pace. Long-term employment growth has maintained an average rate, with the unemployment rate remaining almost unchanged….
Foreign Direct Investment (FDI) continues to be a crucial driver of Vietnam’s economic growth. As of 2024, several countries have significantly increased their investments in Vietnam, contributing to the country’s vibrant economic landscape. In this article, ASL LAW will highlight the top 5 countries with the most substantial FDI investments in Vietnam this year. 1….
Vietnam’s business sector continues to show resilience and growth in 2024, despite some month-to-month fluctuations. This article provides an overview of the latest trends in business establishment, reactivation, and closure in Vietnam, with a focus on July 2024 and the first seven months of the year. In July 2024, Vietnam saw the establishment of 14,700…
As of June 20, 2024, Vietnam has witnessed significant growth in foreign investment, with total newly registered capital, adjustments, and capital contributions by foreign investors reaching over $18 billion. This marks an impressive increase of 10.9% compared to the same period in 2023. Foreign investors have shown strong interest in new projects, with 1,816 projects…
On June 29, the National Assembly of Vietnam passed the Law Amending and Supplementing a Number of Articles of the Land Law 31/2024/QH15, Housing Law 27/2023/QH15, Law 29/2023/QH15 on Real Estate Business, and Law 32/2024/QH15 on Credit Institutions (the Law). This comprehensive legislation aims to streamline and update existing regulations, with significant implications for various…
The Ministry of Planning and Investment (MPI) has recently unveiled a proposal for a new law focused on industrial parks, aiming to foster the development of large ecological industrial parks (EIPs) and attract high-quality investments. This initiative is part of Vietnam’s broader goals of industrialization, modernization, green infrastructure, digitization, and embracing a circular economy. Key…
Vietnamese investors looking to expand their operations internationally must navigate a defined legal framework to obtain the necessary approvals for outward investment. This article outlines the procedure for obtaining a Certificate of Registration for outward investment under the Investment Law 2014 and details the circumstances under which an outward investment project may be terminated. Procedure…