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World Bank has awarded a Certificate of Appreciation for ASL LAW’s contribution as an expert to the Business Ready (B-READY) project’s Pilot I phase. This prestigious recognition is evidence of ASL LAW’s dedication to promoting private sector growth on a global scale. Key highlights of B-READY project: As the World Bank’s Business Ready (B-READY) team…
29
Jan
Jan
On January 18, 2024, the Ministry of Finance issued Decision No. 124/QĐ-BTC on the Legal Support Plan for Small and Medium-sized Enterprises (SMEs) in 2024. The main forms and focus areas of the Ministry of Finance’s Legal Support Plan for SMEs in 2024 include: ASL Law is a leading full-service and independent Vietnamese law firm…
28
Jan
Jan
In the context where the tax system and related fees are becoming increasingly complex, understanding the fundamental concepts of taxes, fees, and levies is crucial for individuals and businesses to actively and effectively manage personal and corporate finances in Vietnam. In reality, many people still find it challenging to differentiate between these concepts. This article…
27
Jan
Jan
The using of foreign currency in the territory of Vietnam is currently limited in order to preserve the strength of Vietnam Dong – Vietnam’s currency. If other currencies such as USD, AUD, Euro, Swiss France,… are constantly traded in the open market, the value of VND will slowly deteriorate as people will not use that…
26
Jan
Jan
Recently, the Vietnamese National Assembly has passed the 2024 Land Law with a focus on expanding the scope of granting land use certificates for undocumented land in Vietnam. With the extended evaluation period, many Vietnamese citizens will have more opportunities to own land use certificates, commonly known as “red books.” Before July 1, 2004, the…
25
Jan
Jan
In Vietnam, promotions are considered an effective sales and marketing tool to attract consumers. However, unlike many other countries, promotions in Vietnam are currently being excessively used, leading to situations of product underpricing for competitive advantage or the use of misleading promotional tactics, causing harm to consumers and the reputation of other businesses in the…
31
Jan
Jan
On the occasion of Lunar New Year, which is also known as Tet Holiday, the issue of Tet bonuses and the 13th-month salary is often discussed in society. Currently, there is no specific regulation or rule that obliges businesses to give Tet bonuses to employees. Whether or not to give Tet bonuses depends on the…
01
Feb
Feb
Vietnam has taken significant steps to bolster its supporting industry, aiming to attract foreign investment and promote sustainable growth. The country’s program for the development of the supporting industry, spanning from 2016 to 2025, recently underwent modifications to intensify efforts in attracting foreign capital into this crucial sector. The amendments, outlined in Decision No. 71/QD-TTg…
20
Jan
Jan
The government has recently issued Resolution No. 02/NQ-CP on key tasks and solutions to improve the business environment and enhance national competitiveness in 2024. Accordingly, the resolution sets the goal of reducing input costs and legal compliance costs in investment and business activities, reducing policy risks, strengthening trust, creating a recovery foothold, and enhancing the…
30
Jan
Jan
In the year-end summary, Vietnam Television (VTV) pointed out that 2023 was the “year of fake-authentic, authentic-fake” with the development of artificial intelligence (AI). Merriam-Webster, the most trusted dictionary in the United States, chose the word “Authentic” as the keyword for 2023. This phrase accurately reflected the global social situation in 2023 with significant technological…
