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…
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…
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…
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…
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…
(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…
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…
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,…
On October 31st 2019, Ministry of Industry and Trade issued Decision No. 3267/QD-BCT about investigation and application of anti-dumping measures for some MSG products (HS code. 2922.42.20) from China and Indonesia (case code AD09). Specifically, on August 4th 2019, the Ministry of Industry and Trade issued a decision so as to initiate an investigation about…
Structural and procedural framework 1. What is the forum for the conduct of patent litigation in Vietnam? For patent litigation in Vietnam, depending on the negotiation between the relevant parties, it may be resolved by a competent court or arbitrator. In case the parties agreed to choose the arbitration, they could choose the arbitrators who…
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