Circular No. 39/2022/TT-BTC was recently issued by the Ministry of Finance guiding a number of articles of the Government’s Decree No. 121/2021/ND-CP on the business of prize-winning electronic games for foreigners. Circular 39/2022/TT-BTC clearly states the fee for assessment, granting and renewing the Certificate of eligibility for business is 150 million VND. Fees for re-appraisal,…
Client’s inquiry: We want to import rice from Vietnam to India. Could you guide us how to open trading company to import rice into Vietnam? ASL LAW’s ADVICE Dear Sir, First of all, ASL Law would like to send our regards and sincere thanks to you (hereinafter referred “Client”) for contacting our legal service. We…
Client’s inquiry: Could you advise us on taxes on cross-border service in Vietnam? Dear Ms. Ji, Regarding your inquiries on tax issues on cross-border services provided by ___ LLC (hereafter refer as Client) to a Vietnamese company, we would like to give you our advice on this issue as follows: The foreign contractor who has…
(Published on Vietnam Investment Review) Blockchain technology is bringing a significant revolution and growth in various industries, including capital raising. Pham Duy Khuong, managing director at ASL Law, explains why Vietnam must soon develop a mechanism to regulate this new form of investment. The current wave of IDOs (initial DEX offerings) is sweeping the nation…
According to Clause 1, Article 2 of the Law on Handling of Administrative Violations (2012), an administrative violation is an act committed by an individual or organization that violates the law on state management, which, however, does not constitute a crime, and as required by law, must be administratively sanctioned. To know whether an act…
Procedures and documentation for starting a business are usually a subject of interest for someone who is about to establish one. Apart from the required legal documents and sub-licenses, there is one thing that no unit can overlook. That is the certificate of business registration. What is a business license, exactly? What is the significance…
(ASL LAW’s article published in the Vietnam Investment Review). Traditional games are becoming more advanced through blockchain and non-fungible tokens. However, there are still many barriers that make the technology difficult to develop and greatly affect investment prospects. Accordingly, we need to clean up legislation to be able to develop these new technologies and create…