Vietnam, amidst its strong economic integration and development, has attracted the interest of many enterprises seeking to expand their business activities overseas. Establishing a company abroad is becoming an attractive option for many Vietnamese businesses, offering new opportunities to access international markets, enhance international cooperation, and improve competitiveness. Opportunities for businesses when establishing a company…
In a move aimed at streamlining the management of Vietnam’s national domain names, the Ministry of Information and Communications (MOIC) has introduced a draft decree outlining several key provisions related to the registration and usage of “.vn” domain names. These proposed regulations, if enacted, would bring about significant changes in the process of domain name…
Enforcement of civil judgments is an essential process in the legal system of Vietnam, ensuring fairness and the execution of court decisions. However, to ensure effectiveness and specificity in the enforcement of judgments, relevant parties need to pay attention to the prescriptive period for requesting enforcement of civil judgments in Vietnam. Article 30(1) of Consolidated…
Information from the Vietnam Association of Seafood Exporters and Producers (VASEP) reveals that the U.S. Department of Commerce (DOC) announced preliminary countervailing duty rates for shrimp imports from Vietnam, India, and Ecuador on March 25, 2024. Three out of the four largest shrimp suppliers to the U.S. will face preliminary countervailing duties ranging from 1.69%…
In March 2024, Formosa and Hoa Phat submitted applications to initiate an anti-dumping investigation against hot-rolled coil steel imported from China, citing that Chinese enterprises’ dumping of steel products in the Vietnamese market threatens the domestic manufacturing industry. However, while Chinese companies have not responded, seven Vietnamese steel producers have voiced opposition, stating that there…
On March 22, 2024, the Canada Border Services Agency (CBSA) announced that it would conduct reviews of anti-dumping and countervailing duties on upholstered domestic seating products originating from Vietnam and China. The CBSA has initiated a normal value review to establish normal values, export prices, and the amount of subsidies applicable to upholstered domestic seatings…
The State Bank of Vietnam (SBV) has taken proactive steps to adapt to the rapidly changing domestic and international market conditions by revising a crucial circular governing foreign currency transactions. To enhance flexibility and initiative in managing monetary and exchange rate policies, the SBV’s move signifies a strategic response to the dynamic nature of the…
In recent years, the method of resolving disputes through commercial arbitration has been increasingly preferred by businesses in Vietnam due to several advantages such as agility, flexibility in procedural matters, high confidentiality, or the parties’ right to negotiate in dispute resolution. However, the challenge posed to this dispute resolution method is the enforceability of arbitral…
On March 22, 2024, China issued a decree on the development and regulation adjustments of cross-border data flows. This is a significant legal document guiding the regulation and establishment of information and personal data protection when processed or transferred across borders in China. In the global digital economy, cross-border data movement is crucial, driving innovation,…
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…
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