Common Mistakes in Doing Business in Vietnam and How to Avoid Them

ASL LAW's guide to avoiding business mistakes in Vietnam

Vietnam has emerged as one of the most dynamic economies in Asia, attracting foreign investors, tech entrepreneurs, and legal professionals alike. However, doing business in Vietnam also requires navigating a unique legal, cultural, and regulatory landscape. Many investors repeat the same mistakes, which can result in wasted time, financial loss, or compliance risks. This article…

Mandatory Conditions to Establish a Service Business in Vietnam

ASL LAW's guide to service business establishment in Vietnam

Vietnam is an attractive destination for foreign investors seeking to enter the service sector, thanks to its growing economy and expanding middle class. However, setting up a service business in Vietnam requires strict compliance with local laws and regulatory frameworks. Foreign investors who fail to meet these mandatory conditions often face delays, additional costs, or…

New Regulations on Jurisdiction in Resolving Business, Commercial, Intellectual Property, and Bankruptcy Disputes in Vietnam

ASL LAW's guide to Vietnam's new jurisdiction regulations 2025

As of July 1, 2025, Vietnam’s court system will implement a significant reform in the allocation of judicial jurisdiction, particularly concerning disputes in business, commerce, intellectual property, and bankruptcy. This reform is an important step toward standardizing dispute resolution mechanisms, ensuring greater transparency and consistency in the application of the law. New Jurisdiction of Regional…

Outbound Investment by Vietnamese Enterprises: Legal Considerations under the New Investment Law

ASL LAW's guide to Vietnam outbound investment regulations 2025

As Vietnamese businesses grow in size and capability, more are turning to outbound investment as a means of expanding markets, acquiring resources, and strengthening global competitiveness. Under the Law on Investment (amended in 2020) and its guiding regulations, oversea investment is now subject to stricter legal oversight. Enterprises must be fully aware of licensing procedures,…

Establishing an LLC, JSC, or Private Enterprise: Legal Pros and Cons

ASL LAW's Vietnam business entity comparison chart

When setting up a business in Vietnam, foreign and domestic investors alike must choose among different legal entity types — most commonly the Limited Liability Company (LLC), Joint Stock Company (JSC), and Private Enterprise. Each form offers unique benefits and legal obligations that may significantly affect governance, fundraising, and risk exposure. This article presents a…

Vietnam’s Legal Framework: What Challenges Foreign Investors Face

ASL LAW's guide to Vietnam legal challenges for foreign investors

Vietnam’s legal system has undergone significant development to accommodate the country’s economic integration. However, foreign investors still face notable challenges when navigating the legal landscape. Legal complexity and regulatory overlaps One of the primary obstacles is the lack of consistency across legal documents. Different laws may apply to the same oversea investment project, such as…

Setting Up a Foreign-Invested Company: Legal Procedures and Licensing Requirements

ASL LAW's step-by-step FDI company establishment guide for Vietnam

Foreign investors looking to enter the Vietnamese market must carefully navigate the legal framework governing the establishment of foreign-invested enterprises (FIEs). From choosing the right legal entity to obtaining oversea investment and business licenses, each step requires detailed planning and regulatory compliance. Choosing the Right Legal Structure The most common forms of FIEs in Vietnam…

Representative Offices vs. Branches in Vietnam: Legal Differences Investors Must Understand

ASL LAW's comparison chart: representative offices vs branches Vietnam

When expanding into Vietnam, foreign investors often consider either establishing representative office in Vietnam or a Branch. While both are extensions of a foreign parent company, they differ significantly in terms of legal capacity, operational scope, and regulatory obligations. Understanding these differences is essential for investors to choose the right vehicle for market entry. Therefore,…

5 Tax Issues Causing Foreign Enterprises to Face Penalties in Vietnam

ASL LAW's guide to avoiding tax penalties in Vietnam

Foreign enterprises doing business in Vietnam often encounter various challenges related to tax law. Failure to fully comply with tax regulations can result not only in financial losses but also in severe penalties imposed by tax authorities. Below are five common tax issues that frequently lead to penalties for foreign businesses in Vietnam. 1. Failure…

Legal Consulting for Overseas Investment: Mandatory Conditions

ASL LAW's guide to Vietnam outbound investment regulations

In the context of increasingly deepening economic globalization, many Vietnamese enterprises tend to expand their oversea investments abroad to explore new markets, leverage resources, and diversify risks. However, to invest overseas effectively and legally, businesses must clearly understand the mandatory legal conditions as well as the process of comprehensive legal consulting. 1. Understanding Domestic Legal…

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