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EPC (Engineering, Procurement and Construction) and BOT (Build-Operate-Transfer) contracts are common in infrastructure and construction projects in Vietnam. However, these contracts often involve complex legal and commercial risks that businesses must identify and proactively manage. 1. Risks related to scope of work and responsibilities In EPC contracts, clearly defining the scope of work, technical standards,…
01
Aug
Aug
Contracts are the most important legal tools in business operations, playing an essential role in establishing, adjusting, and protecting the rights and obligations between involved parties. Careful and clear contract drafting helps businesses minimize dispute risks, avoid losses, and ensure effective enforcement of rights. 1. Clearly identify parties and their legal roles Contracts must record…
01
Aug
Aug
When doing business in Vietnam and looking for expansion, foreign investors often consider whether to establish a representative office or a branch. Understanding the legal distinctions between these two forms will help select the option that best aligns with business objectives while ensuring compliance with current regulations. 1. Basic Concepts and Functions A representative office…
22
Jul
Jul
When deciding to invest in Vietnam, selecting an appropriate business type is a crucial step that helps investors optimize their rights, responsibilities, and operational efficiency. Each form for enterprises doing business in Vietnam has distinct legal characteristics, governance structures, capital requirements, and fundraising capabilities, so careful consideration is needed based on business objectives and investment…
17
Jul
Jul
Setting up a business in Vietnam is relatively straightforward, but it still carries various legal and procedural risks—especially for foreign investors unfamiliar with local regulations and administrative practices. Early-stage mistakes can lead to prolonged consequences related to taxation, corporate governance, capital contribution, and business licensing. Choosing the Wrong Type of Legal Entity A common error…
23
Jul
Jul
Establish R.O in Vietnam is a common market entry strategy chosen by many foreign companies looking to explore and assess the Vietnamese market. However, as ROs have a very specific scope of operation under Vietnamese law, understanding their legal powers, limitations, and compliance obligations is critical to avoiding unintended violations and ensuring lawful operations. Key…
06
Jul
Jul
While Vietnam continues to attract strong inflows of foreign direct investment (FDI), many foreign enterprises doing business in Vietnam encounter substantial hurdles when implementing their projects. These challenges stem from legal inconsistencies, complex administrative procedures, and varying interpretations among regulatory bodies. Identifying these bottlenecks in the legal framework is the first step for foreign investors…
06
Jul
Jul
As Vietnam continues to reinforce its position as a leading investment destination in the Asia-Pacific region, the demand for account opening and access to credit by foreign-invested enterprises (FIEs) has been on the rise. However, these activities are not merely administrative procedures—they are tightly regulated under Vietnam’s financial, banking, and oversea investment legal framework. This…
06
Jul
Jul
Vietnam is steadily emerging as a strategic destination for renewable energy investment in the Asia–Pacific region, particularly in the wind and solar power sectors. However, implementing a renewable energy project is not merely a technical or financial matter—it is a complex process governed by a multi-layered legal framework, including oversea investment, land, construction, electricity, and…
06
Jul
Jul
In the context of deepening global integration, more Vietnamese enterprises are seeking to expand their operations overseas. However, to legally and effectively carry out oversea investment activities, businesses must strictly comply with all legal procedures regulated by Vietnamese law as well as the laws of the host country. Preparing documents and obtaining investment policy approval…
