Foreign exchange is a term used to refer to all payment methods used on the global market. More specifically, foreign exchange refers to an asset or property right that is convertible into a foreign currency and used by multiple countries as a payment method recognized and approved by the international community. Forex forms include: Foreign exchange market A…
ASL Law and Johnson Winter Slattery jointly organized a workshop on managing risk related to international trade among Vietnam, the United States, Australia, the EU, and other countries in Ho Chi Minh City. The workshop aimed to facilitate professional networking and provide a platform for discussing the risks inherent in conducting international trade in these…
(Published on Vietnam Investment Review) Online game developers in Vietnam are facing many legal problems related to their activities. The first legal problem is that the current regulations on licensing procedures for online games are often complicated and lengthy. In Vietnam, game developers need to have an operating license issued by the authorities. Depending on…
(Published on Vietnam Investment Review) Foreign-invested enterprises in Vietnam are making a comeback and on the way to recovery after the extremely difficult last few years. In order to support foreign-invested enterprises (FIEs) in Vietnam, the government has issued new policies that have recently taken effect to attract capital and help FIEs continue to recover…
The year 2022 marks the time when Vietnam’s economy recovers from the Covid-19 pandemic, and bright spots are preferential policies and support for businesses, including foreign direct invested (“FDI”) enterprises on taxes, fees, and other supporting policies. From that, FDI enterprises have made a comeback and are on the way to recovery after the extremely…
After 2 years of implementing the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has thrived in many fields, especially in attracting foreign direct investment (FDI) and promoting trade between Vietnam and the European Union bloc. EVFTA Free Trade Agreement The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member…
Vietnamese online consumers are using more digital shopping platforms than ever before, with e-commerce accounting for 51% of all online purchases. Vietnam is a leading market for implementing new technologies, with 58% of digital consumers using e-wallets, digital banking, and online banking services. In Vietnam, over 80% of the population is represented as online consumers,…
Representatives of ASL LAW and the Vietnam Bar Federation delegation attended the IBA Annual Meeting 2022 in Miami (USA) in the first 6 days of November. During the business trip, ASL LAW Firm was recognized and highly valued for its activities by the Vietnam Bar Federation. During this IBA Annual Meeting, the Vietnam Bar Federation…
The State Bank of Vietnam issued Circular No. 12/2022/TT-NHNN on September 30, 2022, with guidelines on managing foreign exchange in relation to receiving and repaying enterprise foreign loans. The Circular stipulates that borrowers register changes to foreign loans with the State Bank of Vietnam if they make any modifications to the loans listed in the…
On September 30, 2022, the Minister of Planning and Investment issued Circular No. 21/2022/TT-BKHDT, which outlined the procedures for preparing the bid documents for non-consultancy services for contract packages covered by the CPTPP, EVFTA, and UKVFTA Agreements. The Circular states that the following conditions must be followed in order to prepare, process, and approve bid…