Increasing retirement pensions and regional minimum wages for Vietnamese employees from July 2024

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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…

Why is it necessary to explain the demand for using foreign labor in Vietnam?

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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…

The risk of Canada conducting an investigation and applying trade remedy measures to Vietnamese screws

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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…

Investment process and procedures for Vietnamese enterprises investing abroad

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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…

Establishing a company abroad for Vietnamese businesses

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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…

Vietnam: MOIC Proposes New Regulations for “.vn” Domain Names

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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…

Note the prescriptive period for requesting enforcement of civil judgments in Vietnam

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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…

The United States imposes preliminary countervailing duties on frozen warmwater shrimp from Vietnam, India, and Ecuador

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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%…

The Vietnam Trade Remedies Authority has officially responded to the proposal by some domestic steel manufacturing enterprises to investigate anti-dumping of Chinese steel

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In March 2024, Formosa and Hoa Phat submitted applications to initiate an anti-dumping investigation against hot-rolled coil steel imported from China, citing that Chinese enterprises’ dumping of steel products in the Vietnamese market threatens the domestic manufacturing industry. However, while Chinese companies have not responded, seven Vietnamese steel producers have voiced opposition, stating that there…

Canada reviews anti-dumping and countervailing duties on upholstered domestic seating products from Vietnam and China

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On March 22, 2024, the Canada Border Services Agency (CBSA) announced that it would conduct reviews of anti-dumping and countervailing duties on upholstered domestic seating products originating from Vietnam and China. The CBSA has initiated a normal value review to establish normal values, export prices, and the amount of subsidies applicable to upholstered domestic seatings…

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