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Recent data released by Vietnam Foreign Investment Agency, under the Ministry of Planning and Investment, sheds light on the dynamic landscape of foreign investment in the country. As of March 20, 2024, Vietnam has seen a significant increase in foreign investment, with total registered capital reaching over $6.17 billion. This marks a notable 13.4% increase…
14
Apr
Apr
Vietnam’s regulatory landscape concerning outward investment is essential for both investors and enterprises looking to expand their operations beyond national borders. With detailed provisions outlined in Decree No. 31/2021/NĐ-CP, investors are guided through conditions for regulated sectors and requirements for various forms of outward investment. Conditions for Regulated Sectors Decree No. 31/2021/NĐ-CP, referencing Article 72,…
12
Apr
Apr
Vietnam has emerged as one of the most dynamic and rapidly growing economies in Southeast Asia, attracting businesses from around the globe. Its strategic location, favorable investment environment, and abundant workforce make it an appealing destination for entrepreneurs looking to set up new company in Vietnam. However, navigating the process of setting up a new…
12
Apr
Apr
Investment procedures and regulations for Vietnamese enterprises investing abroad typically depend on both Vietnam’s regulations and those of the target country the enterprise is interested in. Below is a summary of the general process and procedures that a Vietnamese enterprise usually needs to undertake to invest abroad: Research and Planning Legal Procedures It should be…
17
May
May
The Vietnamese government has recently issued Decree No. 24/2024/ND-CP, providing detailed regulations and measures for the implementation of the Bidding Law concerning the selection of contractors. This decree, aimed at enhancing transparency and efficiency in bidding procedures, outlines specific provisions regarding preferential treatment for contractors participating in various procurement activities. Under Article 4 of the…
20
May
May
In the dynamic landscape of global investment, Vietnam has emerged as an increasingly attractive destination for foreign investors seeking opportunities in Southeast Asia. With its robust economic growth, favorable business environment, and strategic location, the country offers a multitude of prospects across various sectors. Understanding the process of opening investment capital accounts is crucial for…
27
Mar
Mar
The development of offshore wind power projects in Vietnam is currently awaiting legal clarity. According to the Ministry of Industry and Trade, several amendments and additions to various laws are necessary to enable the implementation of offshore wind power projects. These include revisions to the Investment Law, Bidding Law, Law on Marine Resources, Environment, and…
18
Mar
Mar
Investing abroad can be a strategic move for businesses looking to expand their operations and tap into new markets. However, the process of transferring investment capital abroad is governed by strict regulations aimed at maintaining financial stability and transparency. In Vietnam, these regulations are outlined in both the Investment Law and related government decrees. Understanding…
22
Mar
Mar
(Published in Vietnam Investment Review) For years, Vietnam has been globally acknowledged as a nation of great potential for the advancement of the semiconductor chip industry, owing to its advantageous geographical position, political stability, and reservoir of high-quality human resources. Recognizing the pivotal role of the semiconductor industry in the 4.0 era, the Vietnamese government…
20
May
May
The Vietnamese government has taken a significant step towards enhancing transparency and efficiency in Bidding processes with the issuance of Decree No. 24/2024/ND-CP. This decree, which provides detailed guidelines for the implementation of the Bidding Law, aims to improve the selection of contractors and ensure compliance with legal requirements. Under the provisions of the new…
