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The State Bank of Vietnam issued Circular No. 12/2022/TT-NHNN on September 30, 2022, with guidelines on managing foreign exchange in relation to receiving and repaying enterprise foreign loans. The Circular stipulates that borrowers register changes to foreign loans with the State Bank of Vietnam if they make any modifications to the loans listed in the…
24
Oct
Oct
On September 30, 2022, the Minister of Planning and Investment issued Circular No. 21/2022/TT-BKHDT, which outlined the procedures for preparing the bid documents for non-consultancy services for contract packages covered by the CPTPP, EVFTA, and UKVFTA Agreements. The Circular states that the following conditions must be followed in order to prepare, process, and approve bid…
30
Sep
Sep
The Ministry of Planning and Investment proposes to amend administrative processes regulations on the list of investment projects using land proposed by the investor (for projects not subject to the approval of investment policies) in the proposed Bidding Law (amended). New administrative processes regulations This is an aspect of the implementation content contained in Decision No….
01
Oct
Oct
Businesses must first understand the concept and requirements to ensure the type and size of their business before engaging in business activities. Small businesses in Vietnam A small business is a business that was established, organized, and operates in accordance with the law on enterprises, has a small operations scale, several workers, and sales volume, and meets the Government’s specified requirements…
17
Sep
Sep
One of the most effective strategies to promote growth is expansion. It also carries a considerable risk by nature. The choice to expand your business, regardless of industry, is not one to be taken lightly. Business owners often miscalculate the financial and other resources necessary to operate a second location.In fact, failing to take into account…
14
Sep
Sep
Foreigners and Vietnamese citizens both can now have electronic identification accounts. The complete list of information regarding foreigner electronic identification accounts is provided below. What is an identification account for foreigners? The registration, verification, creation, and identification of each individual or organization within the electronic environment is known as electronic identification. Vietnam now uses electronic identification…
06
Sep
Sep
Following the Workshop: Is Franchising the right strategy to enter Vietnam, Lawyer Pham Duy Khuong and Mr. Doan Vu Hoai Nam of ASL LAW were also invited by the Ministry of Justice of Singapore to attend the event: Singapore Convention Week and UNCITRAL Academy 2022. The Singapore Convention Week (SC Week) 2022 was held from…
11
Sep
Sep
On August 15, 2022, the Government of Vietnam issued Decree No. 53/2022/ND-CP, which specifies various provisions of the Vietnam Cybersecurity Law. For many years, Decree 53 has been drafted, amended, and awaiting to be implemented. Without this decree, Vietnamese authorities would not be able to enforce the entire Cybersecurity Law, particularly the provisions of this…
