On May 26th, 2025, ASL LAW has the privilege of hosting an in-depth legal workshop on dispute resolution procedures in China and related practical considerations for foreign investors and legal practitioners. The event featured Dr. Jie Lian, Esq., a distinguished Chinese legal expert and licensed international litigator with over 15 years of experience handling litigation…
In its economic development journey, Vietnam has undergone significant transitions—from a centrally planned economy to a socialist-oriented market economy. In this process, the private sector has increasingly played a pivotal role in the national economic structure. 1. Evolution of Economic Policy Over the Years 2. Economic Structure by Sector (2022) Among a total of 735,455…
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….
“The global stability we once knew will not return anytime soon.”– Singapore Prime Minister Lawrence Wong, April 4, 2025 (Channel News Asia) In an era where nations prioritize domestic interests, escalate protectionist measures, and unilaterally impose tariffs, both Vietnamese enterprises and foreign direct investment (FDI) companies operating in Vietnam are confronting unprecedented legal challenges. This…
ASL LAW is a top-ranked Vietnam IP Law Firm, offering Vietnam IP Services including Trademark in Vietnam, Patent in Vietnam, and IP enforcement for international businesses. Leading Vietnam Intellectual Property Law Firm ASL LAW is a top-rated Vietnam IP Law Firm recognized by Legal500, AsiaLaw, and WTR1000. We specialize in providing Vietnam IP Services for…
The business license tax is a mandatory tax for enterprises and business households in Vietnam. However, when a business temporarily suspends operations, many business owners wonder whether they are still required to pay this tax. This article clarifies the issue based on current legal regulations. 1. What is Business License Tax? Business license tax (now…
On February 10, 2025, the Vietnamese government issued Decree No. 20/2025/ND-CP, introducing significant amendments to Decree 132/2020/ND-CP. The new decree, effective from March 27, 2025, aims to enhance transparency in tax compliance related to transfer pricing and will apply from the financial year 2024 onwards. Key Changes in Related Party Transactions 1. Revised Criteria for…
Vietnam’s Ministry of Industry and Trade (MoIT) has proposed a new green e-commerce law in response to growing environmental concerns, particularly the alarming projection of 800,000 tons of plastic waste by 2030. The rapid expansion of Vietnam’s e-commerce sector has led to significant ecological challenges, especially in packaging, order fulfillment, and online food delivery waste….
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…
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…