What is an administrative violation in Vietnam?

What is an administrative violation in Vietnam?, What is the maximum administrative sanction, administrative violation

According to Clause 1, Article 2 of the Law on Handling of Administrative Violations (2012), an administrative violation is an act committed by an individual or organization that violates the law on state management, which, however, does not constitute a crime, and as required by law, must be administratively sanctioned. To know whether an act…

Regulations on the credit rating of bonds in Vietnam

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The credit rating of bonds in Vietnam is a very important aspect that businesses, as well as investors, need to take extra care of. However, in Vietnam, the credit rating of bonds doesn’t receive as much attention as in other countries, which significantly impacts the market. So, what are the causes, and solutions of this…

The importance of a business registration license in Vietnam

The importance of a business registration license for businesses in Vietnam, Procedures for business license registration for enterprises, business license in vietnam

Procedures and documentation for starting a business are usually a subject of interest for someone who is about to establish one. Apart from the required legal documents and sub-licenses, there is one thing that no unit can overlook. That is the certificate of business registration. What is a business license, exactly? What is the significance…

Cleaning up legislation for NFT success in Vietnam

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(ASL LAW’s article published in the Vietnam Investment Review). Traditional games are becoming more advanced through blockchain and non-fungible tokens. However, there are still many barriers that make the technology difficult to develop and greatly affect investment prospects. Accordingly, we need to clean up legislation to be able to develop these new technologies and create…

The Ministry of Industry and Trade proposes new regulations on management of multi-level marketing activities in Vietnam

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Vietnam is collecting opinions on the Draft Circular amending and supplementing No. 10/2018/TT-BCT detailing a number of articles of the Decree No. 40/2018/ND-CP of the Government on the management of multi-level marketing activities. The Ministry of Industry and Trade is collecting opinions on the Draft Circular amending and supplementing Circular No. 10/2018/TT-BCT detailing a number…

Client’s Inquiry: Could you brief the establishment of a new company in retail service on lazada in Vietnam?

Could you brief the establishment of a new company in retail service on lazada in Vietnam, brief the establishment of a new company in retail service on lazada in Vietnam, the establishment of a new company in retail service on lazada in Vietnam, retail service on lazada in Vietnam,

Company establishment in Vietnam: Could you brief the establishment of a new company in retail service on lazada in Vietnam and provide us a quotation if we decide to engage your firm for this matter? ASL LAW’s ADVICE First of all, ASL Law would like to send our regards and sincere thanks to you for…

Client’s Inquiry: How to establish a Game Company in Vietnam?

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First and foremost, ASL Law would like to send our best wishes and sincere gratitude to you (hereafter referred to as “Client”) for contacting our legal services. We understand that you are looking for legal guidance about opening a game company in Vietnam and game license in Vietnam. As a result, we are pleased to…

Vietnam: Contributing capital, buying bank shares illegally will be fined up to VND 250 million

Vietnam: Contributing capital, buying bank shares illegally will be fined up to VND 250 million

The Vietnam Government has just added a series of regulations on administrative sanctions for violations in the monetary and banking sectors. Contributing capital, buying, receiving transfer of bank shares improperly will be fined 200-250 million VND The Government promulgates Decree 143/2021/ND-CP amending and supplementing a number of articles of Decree No. 88/2019/ND-CP dated November 14,…

Conditions for real estate business in Vietnam from March 1, 2022

Conditions for real estate business in Vietnam from March 1, 2022

Organizations and individuals that want to do real estate business must meet certain conditions. Recently, the Government issued Decree 02/2022/ND-CP, leading to changes in the conditions for real estate business in Vietnam from March 1, 2022. Conditions for real estate business in Vietnam Article 4 of Decree 02/2022/ND-CP stipulates that organizations and individuals trading real…

Notes to The People’s Court and the People’s Procuracy of Vietnam when settling the requests for the implementation of the Singapore High Court’s decision

The Peoples Court and the People's Procuracy of Vietnam must learn the hard way when settling the requests for the implementation of the Singapore High Courts decision, recognition of a decision of foreign Court in Vietnam, recognition of a decision of Singapore Court in Vietnam, enforcement of a decision of foreign Court in Vietnam, enforcement of a decision of Singapore Court in Vietnam, enforcement of foreign Court's order in Vietnam, enforcement of foreign Court's in Vietnam, enforcement of Singapore Court's order in Vietnam

When settling the request of a bank in Singapore, the two Vietnamese courts encountered many mistakes because of not considering international treaties and consulting the Vietnam Ministry of Foreign Affairs and the Vietnam Ministry of Justice. Recently, the Council of Judges of the Supreme People’s Court announced that both the first-instance and appellate judgments were…

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