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Starting July 1, 2025, Vietnam will implement significant new regulations on e-taxation and digital commerce, marking a key milestone in the development of a legal framework for the digital economy. While these changes offer major opportunities, they also introduce substantial compliance shifts for both domestic and international enterprises doing business in Vietnam. 1. Key New…
22
Aug
Aug
The rapid growth of financial technology is driving the emergence of digital-only banks as a new trend in Vietnam’s financial services sector. While this model offers opportunities for innovation and optimized user experience, it also presents complex legal challenges that legislators, regulators, and businesses must proactively identify and address. What Is a Digital-Only Bank? A…
23
Aug
Aug
In Vietnam’s cross-border business environment, bilingual contracts are increasingly common — typically drafted in both Vietnamese and English (or another foreign language). While bilingual agreements aim to ensure mutual understanding, they can introduce significant legal risks if not carefully managed. This article outlines the most frequent mistakes found in bilingual contracts and offers guidance on…
23
Aug
Aug
Mergers and acquisitions (M&A) continue to shape Vietnam’s dynamic business environment. For both buyers and sellers, legal due diligence in Vietnam plays a critical role in ensuring deal success, minimizing risk, and informing transaction strategy. Without a thorough legal review, investors may overlook hidden liabilities that could lead to costly consequences post-closing. What Is Legal…
23
Aug
Aug
Franchising is a popular business model for Vietnamese entrepreneurs seeking to leverage the reputation, systems, and customer base of established foreign brands. However, this model also introduces complex legal obligations for both the franchisor and the franchisee. Understanding Vietnam’s franchise regulations and managing key legal risks is essential for long-term success. Regulatory Requirements for Foreign…
24
Aug
Aug
As Vietnamese businesses grow in size and capability, more are turning to outbound investment as a means of expanding markets, acquiring resources, and strengthening global competitiveness. Under the Law on Investment (amended in 2020) and its guiding regulations, oversea investment is now subject to stricter legal oversight. Enterprises must be fully aware of licensing procedures,…
26
Aug
Aug
When setting up a business in Vietnam, foreign and domestic investors alike must choose among different legal entity types — most commonly the Limited Liability Company (LLC), Joint Stock Company (JSC), and Private Enterprise. Each form offers unique benefits and legal obligations that may significantly affect governance, fundraising, and risk exposure. This article presents a…
21
Aug
Aug
Vietnam’s legal system has undergone significant development to accommodate the country’s economic integration. However, foreign investors still face notable challenges when navigating the legal landscape. Legal complexity and regulatory overlaps One of the primary obstacles is the lack of consistency across legal documents. Different laws may apply to the same oversea investment project, such as…
21
Aug
Aug
Foreign investors looking to enter the Vietnamese market must carefully navigate the legal framework governing the establishment of foreign-invested enterprises (FIEs). From choosing the right legal entity to obtaining oversea investment and business licenses, each step requires detailed planning and regulatory compliance. Choosing the Right Legal Structure The most common forms of FIEs in Vietnam…
21
Aug
Aug
When expanding into Vietnam, foreign investors often consider either establishing representative office in Vietnam or a Branch. While both are extensions of a foreign parent company, they differ significantly in terms of legal capacity, operational scope, and regulatory obligations. Understanding these differences is essential for investors to choose the right vehicle for market entry. Therefore,…
