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As the world progresses into the digital age, the realm of finance undergoes significant transformations, with virtual assets emerging as a prominent feature. However, as of now, Vietnamese law remains silent on the regulation of virtual assets and virtual asset service providers. Recently, the Prime Minister of Vietnam issued Decision No. 194/QD-TTg on February 23,…
09
Apr
Apr
From July 2024, a comprehensive reform of the salary system in Vietnam will be implemented, symbolizing a significant step in addressing issues related to income and wage fairness. This new policy will affect millions of workers nationwide and bring positive changes to their lives and labor productivity. The salary reform policy aims to enhance fairness…
10
Apr
Apr
Currently, Vietnam does not yet have precise figures regarding the expected increase in retirement pensions and social insurance subsidies starting from July 2024. However, it is anticipated that the retirement pensions and subsidies will be increased by approximately 6%. Of note, a decree regarding the continued adjustment of retirement pensions is expected to be submitted…
11
Apr
Apr
In recent years, the use of foreign labor in Vietnam has become a trend. From multinational companies to small and medium enterprises, the demand for foreign labor is increasing due to their higher expertise compared to local workers. However, the question arises: why does Vietnam need to explain the use of foreign labor? Despite having…
04
Apr
Apr
Recently, the Canada Border Services Agency (CBSA) issued an official notice regarding the extension of a reinvestigation aimed at updating normal values and export prices for certain carbon steel screws from China and Taiwan. Goods directly exported from Vietnam to Canada are not subject to the trade remedy investigation. However, the investigating authority has received…
12
Apr
Apr
Investment procedures and regulations for Vietnamese enterprises investing abroad typically depend on both Vietnam’s regulations and those of the target country the enterprise is interested in. Below is a summary of the general process and procedures that a Vietnamese enterprise usually needs to undertake to invest abroad: Research and Planning Legal Procedures It should be…
14
May
May
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…
17
Apr
Apr
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…
02
Apr
Apr
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…
01
Apr
Apr
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%…
