Tiếng Việt
The D/P (Documents against Payment) payment method is one of the common payment methods in Vietnam and internationally, enabling parties involved in international trade to conduct transactions with transparency and accuracy, ensuring the interests of each party. However, due to its relatively recent introduction, there are some operational and personnel management gaps in implementing the…
22
Nov
Nov
On September 19, during his visit to the United States to participate in the high-level general discussion session of the 78th United Nations General Assembly, Prime Minister Pham Minh Chinh met with US Secretary of Commerce Gina Raimondo in Washington, D.C. During the meeting, Prime Minister Pham Minh Chinh expressed his deep appreciation for President…
13
Nov
Nov
The recently enacted Petroleum Law in Vietnam has led to the implementation of Decree 45/2023/ND-CP, effective from July 1. This decree provides guidance on various aspects of the Petroleum Law, aiming to streamline and enhance oil and gas exploration and exploitation activities within the industry, ultimately promoting its rapid and sustainable development. Decree No. 45…
12
Nov
Nov
Awareness of responsible business among businesses remains limited, with some even confusing it with corporate social responsibility. ASL LAW was a speaker at the Workshop on developing and implementing policies to promote “Responsible Business Practices: Experience in the European Union (EU), Thailand” During the workshop on developing and implementing policies to promote “Responsible business practices: Experience…
17
Nov
Nov
Over a span of more than three years, the Vietnam-European Union Free Trade Agreement (EVFTA) has played a crucial role in enabling robust recovery in exports to the EU. It transitioned from a 1.8% decline in 2020 to impressive increases of 14.2% in 2021 and 16.8% in 2022. Additionally, the proportion of capital invested by…
01
Oct
Oct
In the case of Rang Dong Plastic Company (RDP) vs. Sojitz Corporation of Japan, the Singapore International Arbitration Centre (SIAC) issued a ruling that required the Vietnamese company to compensate Sojitz for approximately VND 157 billion and pay VND 21 billion in costs and interest. Despite the SIAC’s decision, Rang Dong Holding (RDP) repeatedly ignored…
20
Sep
Sep
Vietnam has developed to become an important destination for foreign investors and business growth, as well as one of the region’s fastest-growing economies in the world. One of the primary factors that draw foreign business owners and entrepreneurs to Vietnam is its position as the third-largest market in Southeast Asia. This is further bolstered by its…
03
Sep
Sep
Foreign Direct Investment (FDI) businesses are common terms used in the finance and business sectors in Vietnam and internationally. However, not everyone fully understands this term and the necessary procedures for establishing FDI businesses in Vietnam. FDI businesses play a crucial role in the operation of Vietnam’s economy. With international investment capital, FDI enterprises with…
05
Sep
Sep
The State Bank of Vietnam has issued Circular 08/2023/TT-NHNN on conditions for borrowing foreign loans not guaranteed by the Government, replacing Circular No. 12/2014/TT-NHNN effective from August 15, 2023. Despite the concerns of banks that the revised lending regulations could significantly disrupt offshore lending, the new Circular still contains less stringent regulations than anticipated. These…
23
Jul
Jul
Vietnam’s real estate market is expected to get more diverse as a result of real estate FDI projects. According to the Ministry of Planning and Investment, Vietnam currently invests in the real estate sector with 1,100 projects with a total investment capital of 66.4 billion USD, accounting for 15% of the total investment capital. After…
