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In a major policy move underscoring the evolving role of the private sector in Vietnam’s socialist-oriented market economy, the Vietnam Communist Party has issued a new Resolution dedicated entirely to accelerating private sector development. The Resolution reaffirms the strategic importance of private enterprises as a dynamic driving force behind economic growth, innovation, and national prosperity….
09
May
May
In civil disputes, the submission and presentation of evidence to the Court are among the most critical stages in the entire case resolution process. The initiation and conclusion of a civil dispute largely depend on the evidence provided by the parties involved. This is because almost all court activities revolve around proving or disproving evidence…
20
Aug
Aug
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…
25
Aug
Aug
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…
20
Jul
Jul
The Ministry of Planning and Investment in Vietnam has recently drafted a new Decree on business registration, set to replace Decree No. 01/2021/ND-CP. This proposed legislation introduces several significant changes aimed at streamlining business registration processes and improving transparency in the business environment. Key changes in the Draft Decree include: Abolition of Business Household Registration…
12
Jul
Jul
In the context of a rapidly developing market economy and increasing international integration, alongside new opportunities, Vietnamese businesses are also facing many challenges in their operations. One of the challenges is the timely update and compliance with Vietnam’s diverse and complex legal system. In such a situation, seeking legal advice from specialized units has become…
17
Jun
Jun
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…
18
Jun
Jun
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…
18
Jun
Jun
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…
30
Jul
Jul
Vietnam is at the start of implementing stringent measures to regulate cybersecurity and data protection through its latest draft decree on sanctions for violations in these domains. Targeting a start date of June 1, 2024, the decree is set to introduce significant fines and penalties for non-compliance, marking a critical development in Vietnam’s legal framework…
