Vietnam: Covering the many complexities of livestream taxes

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(Published on Vietnam Investment Review) Gaining revenues from livestream sessions is increasingly popular on e-commerce platforms. However, it also raises issues regarding declaration and taxation. ASL Law senior partner Nguyen Thi Thuy Chung talked to VIR about taxing livestream sessions and protecting intellectual property rights on e-commerce platforms. What are the current obstacles to tax…

Conditions and Procedures for Foreign Investment in Vietnam through Capital Contribution and Share Purchase

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Vietnam has updated its regulations on foreign investment through capital contribution, share purchase, or capital contribution purchase, making it essential for foreign investors to stay informed. Below, we outline the latest conditions and procedures that foreign investors must adhere to, based on the Investment Law 2020 and Decree 31/2021/ND-CP. Conditions for Foreign Investment through Capital…

Understanding Vietnam’s Work Permit Rules for Foreign Workers

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On September 18, 2023, the Vietnamese Government enacted Decree No. 70/2023/ND-CP, which amends and augments specific provisions outlined in Decree No. 152/2020/ND-CP. This decree addresses the recruitment of foreign workers in Vietnam, as well as the hiring and oversight of Vietnamese employees working for foreign individuals and entities in the country. A work permit is…

Vietnam Issues Circular on E-Procurement System and Contractor Selection

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On April 19, 2024, the Ministry of Planning and Investment of Vietnam issued Circular No. 05/2024/TT-BKHDT, which elaborates on providing and publishing information regarding bidding and contractor selection on the Vietnam National E-Procurement System. This circular introduces important regulations and charge rates relevant to contractors and investors. Key Provisions of Circular No. 05/2024/TT-BKHDT Charge Rates…

Exploring Business Entry Options in Vietnam: A Guide for Investors

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Vietnam, with its dynamic economy and strategic location, offers numerous opportunities for foreign investors. When considering entering the Vietnamese market, investors can choose different types of business structures: Representative Office, Limited Liability Company (LLC), Joint-Stock Company, Branch Office, Joint Venture, and Public-Private Partnership. Each option has unique features, requirements, and benefits tailored to different business…

Calculating and Regulating the Duration of Investment Projects in Vietnam

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Understanding the regulatory framework for investment projects is crucial for investors looking to establish operations in Vietnam. The duration of an investment project is a key component governed by specific laws and regulations. This article outlines how the duration is calculated and regulated according to the Investment Law 2020 and related decrees. Regulatory Framework for…

ASL Law was recognized by Asia Law Business Journal as Vietnam Law Firm Award in 2024 in the fields of Structured Finance & Securitization, and Entertainment & Sports.

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In recognition of Vietnam’s emergence as a significant player in the global legal market, Asia Business Law Journal presents the Vietnam Law Firm Awards 2024. This prestigious award celebrates the outstanding achievements of legal professionals and firms over the past year, highlighting contributions to various practice areas within Vietnam’s dynamic legal landscape. Founded by lawyer…

Vietnam Defines E-Money, Excludes Virtual Currencies Under New Decree

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Vietnam has made a significant regulatory advancement by defining electronic money (e-money) for the first time under Decree 52, which will take effect on July 1, 2024. This decree provides a comprehensive framework for e-money, differentiating it clearly from virtual currencies, which are excluded from its scope as they remain unregulated by the country’s financial…

ASL LAW Affirms Its Position in the Field of ASEAN Intellectual Property at INTA 2024

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ASL LAW, an independent law firm based in Vietnam, has established itself as one of the leading legal service providers in various fields, particularly in ASEAN intellectual property (IP). Their participation in the International Trademark Association (INTA) 2024 conference underscores their commitment to innovation in the IP sector on a global scale. By attending this…

ASL LAW at the INTA Annual Meeting 2024

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The International Trademark Association (INTA) 2024 Annual Conference, held in Atlanta, USA, concluded with great success. Themed “The Business of Innovation,” the event highlighted the role of creativity, innovation, and technology in the intellectual property (IP) profession. ASL LAW’s attendance at this prestigious event underscored our commitment to becoming a leading multinational intellectual property law…

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