The Vietnamese government has recently issued Decree No. 24/2024/ND-CP, providing detailed regulations and measures for the implementation of the Bidding Law concerning the selection of contractors. This decree, aimed at enhancing transparency and efficiency in bidding procedures, outlines specific provisions regarding preferential treatment for contractors participating in various procurement activities. Under Article 4 of the…
The development of offshore wind power projects in Vietnam is currently awaiting legal clarity. According to the Ministry of Industry and Trade, several amendments and additions to various laws are necessary to enable the implementation of offshore wind power projects. These include revisions to the Investment Law, Bidding Law, Law on Marine Resources, Environment, and…
The Vietnamese government has taken a significant step towards enhancing transparency and efficiency in Bidding processes with the issuance of Decree No. 24/2024/ND-CP. This decree, which provides detailed guidelines for the implementation of the Bidding Law, aims to improve the selection of contractors and ensure compliance with legal requirements. Under the provisions of the new…
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…
A representative office is a familiar legal concept for international businesses wishing to expand their operations to other countries. The following article will outline the fundamental factors regarding opening representative office in Vietnam. Representative Office A representative office is a dependent unit of an enterprise, responsible for representing and protecting the interests of the enterprise,…
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…
The worker’s right to strike in the Vietnamese Labor Code reflects progress and fairness in labor relations in the market, the most fundamental factor contributing to material wealth for the economy. Organizing strikes is not only a means to protect the interests of workers but also a mechanism to regulate labor relations, creating conditions for…
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Navigating M&A in Vietnam: Compliance with New Regulations on Personal Data Protection, IP Law, and Global Minimum Tax
At the 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. THE FULL PRESENTATION SLIDE CAN BE DOWNLOAD HERE. Businesses engaging in M&A transactions in Vietnam need…
In the context of Vietnam’s deepening integration into the global economy with diverse and complex legal regulations, corresponding to each territory and international general regulations, Vietnamese manufacturing and exporting enterprises must equip themselves with skills and measures to prevent risks. The Deputy Director of the Import-Export Department of the Ministry of Industry and Trade emphasized…