The National Assembly adopted the Law on Residential Housing No. 65/2014/QH13 (LRH) on November 25, 2014, which was effective as of July 1, 2015. According to the new law, foreigners are allowed to buy project houses and condominiums in Vietnam. Below are the table of comparison between the current and new LRH as well as…
Dear ASL LAW, we are inbound / outbound tour company in Thailand, and we would like to expand to Vietnam. Can you advise the right ways to do as there are many types of the company setup possible and from here difficult to understand if if a local limited company or a branch in Vietnam…
(Lawyer Pham Duy Khuong answered Vnreview for the article: Vietnam a top destination for expats.) Being listed among the top ten by the HSBC’s latest global Expat Explorer Report has gone some way to prove the significant advances in Vietnam’s investment and living environment. Vietnam is one of the most popular expat havens for its easy living…
Dear Sir, I am writing you to request your support to establish a company in the jurisdiction of Vietnam. We would like to start our activities soon and some projects are on hold due to not having a local company. Please find below relevant information you might need in order to send us a quotation….
Dear Sir, I am a foreigner and my business partner is Vietnamese. We are planning to set up a new Vietnamese company at Ho Chi Minh City on car caring business. Initial shareholding would be 50:50. Can I have some information on that? (including the type of company, estimated timeframe on setting up the company,…
Dear ASL Law, Our company is currently looking at the possibility of setting up a travel and corporate ticketing business in Vietnam. I was informed that the business required a local partner with at least 30% equity for this form of business. Looking at this issue, can ASL Law firm provide a confirmation on setting…
Lawyer Pham Duy Khuong responded to Vietnam Television VTV’s weekend financial magazine about whether the Ministry of Industry and Trade should issue specific regulations on Made In Vietnam products. The Ministry of Industry and Trade responded quickly to the ASANZO event in particular and Made In Vietnam issues in general since Vietnam has no regulations…
The Free Trade Agreement and Investment Protection Agreement between Vietnam and the European Union (EU) were officially signed on June 30 in Hanoi, marking a new development in relations cooperation and comprehensive cooperation between Vietnam and the EU and opening up great opportunities for Vietnam in promoting economic development. It is a period of long-term,…
How many foreign director can we appoint? Can we appoint one as legal representative with local work permit and one foreign director without local work permit? Can the owner be an organization? Can we have both legal representatives to have work permit exemption? #1) How many foreign director can we appoint? According to Enterprise Law…
Vietnam has issued Decision No. 940/QD-BTC related to Investigation and application of anti-dumping measures against some wood fiber products or other wood-based materials originating from Thailand and Malaysia. Basic information On October 23, 2018, the Department of Trade Protection (PVTM), the Ministry of Industry and Trade received a dossier requesting investigation and application of anti-dumping…