Recently, the Vietnamese Ministry of Finance has officially expressed its opinion, proposing to reconsider the proposal to increase pensions and allowances by the Ministry of Labor, Invalids and Social Affairs, citing that the projected funding would exceed 17 trillion Vietnamese dong, surpassing the budget’s balancing capability. The Ministry of Finance has issued a letter in…
On March 8, 2024, the United States International Trade Commission (USITC) issued a notice initiating a global safeguard investigation to fine denier polyester staple fiber under HS code 5503.20.0025. The investigation was launched by the USITC on February 28, 2024, following a petition from U.S. producers of polyester staple fiber, including Fiber Industries LLC d/b/a…
Investing abroad can be a strategic move for businesses looking to expand their operations and tap into new markets. However, the process of transferring investment capital abroad is governed by strict regulations aimed at maintaining financial stability and transparency. In Vietnam, these regulations are outlined in both the Investment Law and related government decrees. Understanding…
Currently, the United States Department of Commerce is considering recognizing 11 countries as market economies, including Belarus, Georgia, Kyrgyzstan, China, Armenia, Azerbaijan, Moldova, Tajikistan, Uzbekistan, Vietnam, and Turkmenistan. Understanding the method by which the United States confirms market economy status would be beneficial for Vietnam, providing a basis for the country to make necessary changes…
(Published in Vietnam Investment Review) For years, Vietnam has been globally acknowledged as a nation of great potential for the advancement of the semiconductor chip industry, owing to its advantageous geographical position, political stability, and reservoir of high-quality human resources. Recognizing the pivotal role of the semiconductor industry in the 4.0 era, the Vietnamese government…
The most significant difference between branches and representative offices lies in their legal nature and financial responsibilities. In terms of nature, a branch is considered a part of the parent company and can conduct direct business transactions, while a representative office is merely a legal representative without legal status and cannot engage in direct business…
Establishing a representative office in Vietnam is a crucial step for businesses to expand their operations and establish a presence in key target countries. The following article will highlight the points that businesses need to consider regarding the establishment procedures for opening representative office in Vietnam. Documentation Requirements for Establishing Representative Offices in Vietnam Article…
On March 11, 2024, the Ministry of Industry and Trade of Vietnam issued Decision No. 494/QD-BCT regarding the extension of the deadline for reviewing new exporters in the application of anti-circumvention measures on certain sugar products. This decision was made in accordance with the provisions of Articles 82 and 90 of the Law on Foreign…
On March 8, 2024, the Canada Border Services Agency (CBSA) initiated an investigation into the application of anti-dumping measures on wire rod products originating from China, Egypt, and Vietnam. The investigated product is wire rod with HS codes: 7213.91.00.42; 7213.91.00.43; 7213.91.00.49; 7213.91.00.50; 7213.91.00.60; 7213.91.00.70; 7213.99.00.11; 7213.99.00.12; 7213.99.00.31; 7213.99.00.32; 7213.99.00.51; 7213.99.00.52; 7227.20.00.20; 7227.20.00.90; 7227.90.00.60; 7227.90.00.70; 7227.90.00.81;…
At the Vietnam GC Summit 2024 event, held in collaboration with Legal500, ASL LAW emphasized the important factors in conducting M&A activities in Vietnam, specifically regarding regulations on personal data protection, intellectual property law, and requirements for global minimum tax. During the presentation at the workshop, in addition to the usual aspects to consider in…