New highlights of the Credit Institutions Law 2024

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On the morning of February 19, 2024, representatives of the Office of the President of Vietnam announced the full text of the President’s Order on the promulgation of the amended Land Law and the amended Credit Institutions Law, which were passed by the 15th National Assembly at its extraordinary general meeting, the fifth of the…

Highlights of the Vietnam’s Land Law 2024

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As part of a significant step in adjusting and reforming the legal system regarding land, the Land Law 2024, amending and replacing the Land Law 2013, has been enacted with the paramount mission of creating an effective and transparent legal framework while ensuring fairness and sustainability in land management and use. This law is not…

Establishing Economic Organizations by Foreign Investors in Vietnam: Procedures and Regulations

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In Vietnam, the process of establishing economic organizations by foreign investors is governed by specific regulations outlined in Decree No. 31/2021/NĐ-CP. These regulations provide a structured framework for foreign investors looking to initiate business ventures within the country. Understanding these procedures is essential for ensuring compliance and facilitating smooth operations. 1. Overview of Establishment Procedures:…

Notes on Working Hours for Employees according to Vietnamese Law in 2024

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Working hours are not only an important aspect of daily life but also a determinant of the quality of life and the socio-economic development of individuals and society as a whole. Built on the principles of fairness and sustainable development, the Vietnamese Labor Law of 2019 has set forth several significant points regarding working hours,…

Legal notes on salary according to Vietnam Labor Code in 2024

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Based on the principles of fairness and sustainable development, the application and compliance with regulations regarding salaries are fundamental aspects that cannot be overlooked in Vietnam’s labor law system in 2024. In a society undergoing development and active integration into the global economy, protecting the rights and ensuring the living standards of employees through salary…

How to Maintain Intellectual Property Ownership in Vietnam

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Intellectual property (IP) is a valuable asset for individuals and businesses. It encompasses creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce. Protecting and maintaining ownership of intellectual property is crucial in today’s knowledge-based economy. Here’s how you can safeguard your intellectual property rights: 1….

Impact of Restricting Foreign Exchange Transactions on Vietnamese Territory

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One of the primary reasons for restricting foreign exchange transactions is to protect and maintain stability for the domestic economy. Controlling exchange rates can help prevent significant and sudden fluctuations in currency values, keeping the economy more stable and minimizing inherent risks. Article 3 of Circular 32/2013/TT-NHNN stipulates, “Within the territory of Vietnam, except for…

India initiates anti-dumping investigation on solar panel imports from China and Vietnam

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On February 17, 2023, India issued an official notification regarding the initiation of an anti-dumping investigation on certain solar panel products from China and Vietnam. The Directorate General of Trade Remedies (DGTR) is investigating allegations of dumping of patterned and uncoated toughened glass (solar panel or solar photovoltaic glass from China and Vietnam). Vietnam is…

Myanmar’s Industrial Design Application Process: A Comprehensive Guide

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In a recent announcement, the Myanmar Intellectual Property Department revealed that it will accept applications for industrial designs starting February 1, 2024. This notification, identified as No. 1/2024, marks a significant milestone for individuals and entities seeking to protect their Industrial Design in Myanmar. Application Requirements Myanmar adheres to the latest Locarno Classification, established under…

Lawyer Pham Duy Khuong is ranked by Asia Business Law Journal as Vietnam’s Top 100 Lawyers in 2023

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In the publication of Vietnam’s Top 100 Lawyers 2023, also known as the Asia Business Law Journal’s A-list of Top 100 Lawyers in Vietnam for 2023, Lawyer Pham Duy Khuong – Managing Partner of ASL LAW is ranked as one of the top 100 lawyers in Vietnam operating in the fields of Corporate & Commercial,…

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