Legal advice for opening a trading company to import rice into Vietnam

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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…

Legal opinion on taxes on cross-border service in Vietnam

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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…

Procedures for capital contribution by foreign investors in Vietnam

Procedures for capital contribution by foreign investors to Vietnam, Forms of capital contribution by foreign investors, Investment procedures in the form of capital contribution, Investment in capital contribution, Official Letter No. 8909/BKHĐT-PC

Investment in capital contribution, share purchase, and purchase of contributed capital is one of the investment forms in Vietnam by foreign investors. Specifically, what is the procedure for capital contribution by foreign investors? Forms of capital contribution by foreign investors Foreign investors satisfying the following regulations have the right to contribute capital, purchase shares, or…

What is a BCC contract under the Investment Law 2020 in Vietnam?

What is a BCC contract under the Investment Law 2020 in Vietnam?, What is a BCC contract?, Contents of the BCC contract, Business Cooperation Contract

One of the most popular forms of investment today is an investment in the form of a BCC contract. So what is a BCC contract according to the latest regulations? What is a BCC contract? Business Cooperation Contract hereinafter referred to as BCC contract. This is a contract signed between investors for business cooperation, profit…

Which foreign currency may be contributed in by overseas investors in Vietnam?

contribute investment capital in foreign currencies, Circular No. 06/2019/TT-NHNN, Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH, Which foreign currency may be contributed in by overseas investors in Vietnam?

According to Point a, Clause 1, Article 4 of the Ordinance on Foreign Exchange No. 28/2005/PL-UBTVQH dated December 13, 2005, of the National Assembly Standing Committee, a foreign currency is “the currency of another country or the common currency of the European Union.” Europe and other common currencies used in international and regional payments”. Clause…

Initial DEX offerings (IDOs) in Vietnam – a novel fundraising approach

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(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…

Tightening foreign loans flowing into securities and real estate in Vietnam

Tightening foreign loans flowing into securities and real estate in Vietnam, Restricting foreign loans to Vietnam's securities and real estate, short-term foreign loans

In the context of strict management of foreign loans, the State Bank of Vietnam wants to limit businesses’ short-term borrowing for the purpose of risking economic bubbles. The State Bank is collecting comments on a draft circular to replace Circular 12 with stricter foreign loan conditions in order to ensure the limit of enterprises’ self-borrowing and…

Legal provisions on corporate bonds and solutions to protect bond investors in Vietnam

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(Published in Vietnam Law Magazine) Corporate bonds have been a hot topic in recent days as many big companies have issued corporate bonds to raise capital. This article analyzes current regulations on corporate bonds and the loopholes therein and offers recommendations to protect investors in Vietnam’s bond market. Pham Duy Khuong & Doan Vu Hoai…

Transfer conditions for the unfinished projects in Vietnam

Transfer conditions for the unfinished projects in Vietnam, Principles of project transfer in Vietnam

According to the provisions of Clause 1, Article 46 of the Investment Law in Vietnam, an investor has the right to transfer all or part of an investment project to another investor when the following conditions are satisfied: a) The investment project or part of the transferred investment project is not terminated as prescribed in…

Regulations on the credit rating of bonds in Vietnam

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