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Organized in Ho Chi Minh City on October 31, 2023, and in Hanoi on November 3, 2023, ASL LAW participated in the seminar “Developing and Implementing Policies to Promote ‘Responsible Business Practices’: EU Experience & Practice in Vietnam/Participation of Businesses & Social Organizations.” On July 14, 2023, Vietnam Prime Minister issued the National Action Program…
01
Oct
Oct
In the case of Rang Dong Plastic Company (RDP) vs. Sojitz Corporation of Japan, the Singapore International Arbitration Centre (SIAC) issued a ruling that required the Vietnamese company to compensate Sojitz for approximately VND 157 billion and pay VND 21 billion in costs and interest. Despite the SIAC’s decision, Rang Dong Holding (RDP) repeatedly ignored…
27
Sep
Sep
According to Article 21 of the Investment Law 2020, forms of investment in Vietnam, including investment in establishing economic organizations; investing capital, buying shares, capital contributions; implementing investment projects; investment in the form of BCC contracts and other documents of investment and new types of economic organizations according to the Government’s regulations. Individuals can choose…
02
Apr
Apr
With the present amount of investment in Bitcoin and its significant presence on virtual currency exchanges, is it illegal to purchase, trade, or use it? Currently, in the current legal documents of Vietnamese law, there is no specific regulation on what Bitcoin is. In reality, Bitcoin is a type of virtual currency. Virtual currency refers…
16
Mar
Mar
Article 24 of the Investment Law 2020 stipulates that investors have the right to contribute capital, buy shares, and purchase capital contributions from economic organizations. Accordingly, the activities of capital contribution, share purchase, and capital contribution purchase of economic organizations by foreign investors must fully satisfy the conditions listed below. According to the above regulations…
26
Feb
Feb
The Government has made a decision to implement special investment incentives and support policies in order to encourage the growth of a number of projects with substantial economic effect. The following projects will be given special investment incentives and support in accordance with the Investment Law 2020: Moreover, in accordance with Clause 3 of Article…
25
Feb
Feb
Pursuant to the Law on Promulgation of Legal Documents in 2015, which was amended and supplemented in 2020, the Ministry of Industry and Trade of Vietnam has presided over and coordinated with relevant ministries and branches to develop a draft Decree regulating offshore investment in petroleum activities replacing Decree No. 124/2017/ND-CP dated November 15, 2017…
18
Feb
Feb
A number of articles of Circular No. 107/2020/TT-BTC, which govern the transaction of repurchasing with a term of government bonds from temporarily idle state funds of the State Treasury, have been amended and supplemented by Circular No. 12/2023/TT-BTC, which was recently published by the Ministry of Finance (State Treasury). As a result, in order for…
14
Jan
Jan
Currently, Vietnam is on the track to developing an integrated economy with key capital coming from foreign investors, spreading across 139 countries and territories around the world as of early 2022. Although it has received many successes in more than 30 years from foreign direct investment (FDI), Vietnam’s management and operation system still have many…
22
Dec
Dec
After 2 years of implementing the EU-Vietnam Free Trade Agreement (EVFTA), Vietnam has thrived in many fields, especially in attracting foreign direct investment (FDI) and promoting trade between Vietnam and the European Union bloc. EVFTA Free Trade Agreement The EU-Vietnam Free Trade Agreement (EVFTA) is a new-generation FTA between Vietnam and the 27 EU member…
