With outstanding achievements, ASL Law has been honored by the Asia Business Law Journal as a leading law firm in the field of Structured Finance & Securitisation in 2023. This recognition is not only a source of pride for ASL Law but also a testament to the commitment and vision to provide optimal legal solutions,…
In the context where the tax system and related fees are becoming increasingly complex, understanding the fundamental concepts of taxes, fees, and levies is crucial for individuals and businesses to actively and effectively manage personal and corporate finances in Vietnam. In reality, many people still find it challenging to differentiate between these concepts. This article…
The using of foreign currency in the territory of Vietnam is currently limited in order to preserve the strength of Vietnam Dong – Vietnam’s currency. If other currencies such as USD, AUD, Euro, Swiss France,… are constantly traded in the open market, the value of VND will slowly deteriorate as people will not use that…
The M&A activities in 2023 are still not as exciting and dynamic as expected. However, with encouraging signals in M&A deals, particularly in the real estate and technology sectors in the latter half of 2023, along with policy changes aimed at attracting foreign investment, the Vietnamese M&A market is expected to recover and thrive in…
With a continuous commitment to providing cross-border legal services for Vietnamese businesses in various countries, the IBA event provides an excellent opportunity for ASL LAW’s lawyers to meet, exchange, and learn from experiences in their specialized legal areas such as anti-dumping and trade remedy, mergers and acquisitions, business, energy and oil, construction, intellectual property, arbitration,…
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ASL LAW continues to be the sponsor for the International Bar Association (IBA) Annual Conference 2023 in Paris
After officially becoming a sponsor for the IBA Annual Conference in Miami, USA in 2022, ASL LAW is honored to maintain its role as the main sponsor for the IBA Annual Conference 2023 in Paris, France. The IBA Annual Conference is a prestigious international legal conference. Established in 1947, shortly after the founding of the…
The D/P (Documents against Payment) payment method is one of the common payment methods in Vietnam and internationally, enabling parties involved in international trade to conduct transactions with transparency and accuracy, ensuring the interests of each party. However, due to its relatively recent introduction, there are some operational and personnel management gaps in implementing the…
Circular No. 06/2023/TT-NHNN, which amends and supplements certain provisions of Circular No. 39/2016/TT-NHNN, has been recently issued by the State Bank of Vietnam. This new circular removes the limitation on borrowing for the purpose of prepaying existing loans at other banks solely for business-related activities. As a result, individuals can now get loans from other…
The Ministry of Finance of Vietnam has issued Circular 44/2023/TT-BTC, which stipulates a reduction of 10% to 50% in fees and charges for 36 items, aimed at supporting individuals and businesses in difficult economic conditions, recovering from the pandemic, and international fluctuations. The Ministry of Finance of Vietnam estimates that the reduction of these 36…
The provision for risk reserves in the banking sector is a requirement based on International Financial Reporting Standards (IFRS) and specific regulations of financial regulatory authorities. When a bank provides loans and those loans become loans from group 2 onwards, the bank is required to set aside a corresponding portion as a provision for risk….