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The Ministry of Planning and Investment is collecting comments from the people on a draft Decree to replace Decree No. 82/2018/ND-CP of the Government regulating the management of industrial parks and economic zones. By the end of April 2021, there are 575 industrial parks nationwide in the master plan on development of industrial parks in…
09
Jun
Jun
Considering a nominee shareholder service in Vietnam? Learn the legal restrictions, key risks and compliant investment alternatives available to foreign investors. Foreign investors searching for a nominee shareholder service in Vietnam may be considering an arrangement under which a Vietnamese individual or organisation appears as the registered shareholder or member of a company while another…
04
Jun
Jun
(Published on Vietnam Investment Review). Fines for foreign-invested enterprises (FIE) for failing to pay social insurance premiums have been specified in Decree No.28/2020/ND-CP released in March 2020 on providing penalties for admin violations in the fields of labor, social insurance, and overseas manpower supply under contract. Decree 28 details that in the case of failing…
01
Jun
Jun
Currently, due to the extremely complicated epidemic situation, airlines in Vietnam may face many difficulties in terms of financial situation which leads to the termination of labour contract in aviation field. Under this circumstance, high-qualified aviation persons, such as First Officers and Captains, have not received a salary on the contract but received the salary…
23
May
May
There are so many similarities between the 2 agreements that the UK-Vietnam Free Trade Agreement (UKVFTA) might as well be called a direct copy of the EU-Vietnam Free Trade Agreement (EVFTA). UKVFTA – EVFTA: What’s the difference and similarities? In 14 areas of UKVFTA, the United Kingdom allows Vietnam to export at a 0% tax…
21
May
May
From the effective date of Circular No. 01/2021/TT-BKHDT (May 1, 2021), the forms in the enterprise registration application specified in the appendix issued together with Circular No. 01/2021/TT-BKHDT is hereby applied nationwide. According to Mr. Huynh Van Toan (HCMC), Decree No. 122/2020/ND-CP dated October 15, 2020, of the Government, stipulates the coordination of the procedures…
13
May
May
Real estate in Vietnam is one of the fields that many foreign investors are interested in. However, this activity is being restricted by many current laws. There are two business activities that foreign investors are not allowed to do while domestic investors are still able to do so. First, foreign investors are not allowed to…
05
May
May
(Published on Vietnam Investment Review). In recent years, Vietnam has been actively improving investment policies as well as enhancing the legal framework for mergers and acquisitions (M&A) activities. The following article shall point out keys to M&A attraction in Vietnam. Besides, it is also one of the countries that have been able to control the COVID-19…
06
May
May
If enterprises do not follow the principle of late payment penalty, the enterprises will abuse the value-added tax refund (VAT) until being forced to re-pay. Recently, the Vietnam Association of Seafood Exporters and Producers (VASEP) reflected that enterprises exporting seafood products are entitled to VAT refund. However, after a while, because for some reason, the…
30
Apr
Apr
In the first 4 months of 2021, the total foreign investment capital into Vietnam reached 12.25 billion USD. (99.3% compared to the same period in 2020) Data from the Foreign Investment Agency, as of April 20, 2021, the total newly registered capital, adjusted and contributed capital to buy shares of foreign investors reached 12.25 billion…
