Directions for foreign Investment enterprises and employees in benefits disputes in Vietnam

Directions for foreign Investment enterprises and employees in benefits disputes in Vietnam

(Published on Vietnam Investment Review). Fines for foreign-invested enterprises (FIE) for failing to pay social insurance premiums have been specified in Decree No.28/2020/ND-CP released in March 2020 on providing penalties for admin violations in the fields of labor, social insurance, and overseas manpower supply under contract. Decree 28 details that in the case of failing…

Issues for termination of labor contract of employees in the field of aviation in Vietnam

Issues for termination of labor contract of employees in the field of aviation in Vietnam, termination of labor contract in Vietnam, termination of labor contract in aviation in Vietnam

Currently, due to the extremely complicated epidemic situation, airlines in Vietnam may face many difficulties in terms of financial situation which leads to the termination of labour contract in aviation field. Under this circumstance, high-qualified aviation persons, such as First Officers and Captains, have not received a salary on the contract but received the salary…

Risks in the payment method by letter of credit

Risks in the payment method by letter of credit, Risks in the payment method by LC, payment method by LC

Currently, letter of credit (L/C) is an increasingly popular payment method in international commercial transactions because of the safety and prestige through the bank’s commitment to pay the seller. If the seller provides the full set of documents specified under the L/C and the buyer is also guaranteed by the bank that the goods will…

Subtle differences between EVFTA and UKVFTA

Subtle differences between EVFTA and UKVFTA

There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…

Lesson learned from losing trademark ST25 in foreign countries – Vietnamese Enterprises need to raise their awareness on the development as well as the protection of a brand internally

Lesson learned from the ST25 dispute – Enterprises need to raise their awareness on the development as well as the protection of a brand

The dispute surrounding the ST25 rice brand – a specialty of Soc Trang province, Vietnam has continued to raise awareness over the weaknesses in the competitiveness of the majority of Vietnamese enterprises nowadays. The dispute happened because the enterprise responsible for producing the rice doesn’t pay attention to the protection of their brand. They didn’t…

Investigation on anti-dumping of cement products from Vietnam by Philippines

Investigation on anti-dumping of cement products from Vietnam by Philippines

April 20, 2021, The Department of Trade and Industry (DTI) initiated an anti-dumping investigation against cement products originated from Vietnam. – The plaintiff: Cemex Philippines Corp., Holcim Philippines Inc., and Republic Cement Builders and Building Materials Inc. – Investigated products: Cement classified under the AHTN (Asean harmonized tariff nomenclature) codes 2523.2990 and 2523.9000. – Content: The period of…

Amendment of Law on Value-Added Tax (VAT) to solve the problem of wind power in Vietnam

Amendment of Law on Value-Added Tax (VAT) to solve the problem of wind power in Vietnam

Enterprises are proposing that instead of requiring an electricity operating license to receive a tax refund, energy projects will be refunded VAT as soon as they have signed electricity sale contracts. The Energy Association has just sent a document calling for help to the Prime Minister about the fact that many businesses investing in the…

The keys to M&A attraction in Vietnam

An overview of M&A activities in Vietnam, M&A in Vietnam, Vietnam M&A, Revising Vietnam Law on M&A to attract more investors

(Published on Vietnam Investment Review). In recent years, Vietnam has been actively improving investment policies as well as enhancing the legal framework for mergers and acquisitions (M&A) activities. The following article shall point out keys to M&A attraction in Vietnam. Besides, it is also one of the countries that have been able to control the COVID-19…

Revising Vietnam Law on M&A to attract more investors

An overview of M&A activities in Vietnam, M&A in Vietnam, Vietnam M&A, Revising Vietnam Law on M&A to attract more investors

In recent years, Vietnam has been actively improving investment policies as well as enhancing the legal framework for M&A activities. Besides, Vietnam is also one of the countries that have been able to control the Covid-19 epidemic, which create a safer environment for foreign investors. From there, this contributes to promoting foreign investors to Vietnam…

General knowledge about anti-dumping in Vietnam

General knowledge about anti-dumping

Definition Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country. Thus, in the simplest of cases, one identifies anti-dumping simply by comparing prices in two markets. However,…

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