Vietnam attracts FDI in 10 months of 2021
In 2021, due to the spread of the Covid-19 epidemic in the world, the economic situation has been seriously affected. This greatly affects the investment performance of investors making investment in Vietnam. However, Vietnam government still implements many policies to attract forein investors to set up company, make investment, in order to realize the “dual goal” of fighting the epidemic and developing socio-economic and achieving economic growth to get the high results. According to statistics of the Ministry of Planning and Investment, …
Receipt of Application for Anti-dumping Measures on Welding Materials From China, Thailand and Malaysia
On January 21 th , 2021, Trade Remedies Authority of Vietnam (Investigating Authority) received Dossier from a company which is the representative of the domestic manufacturing (Requesting Party) requesting for the application of the anti-dumping measures on some types of welding materials originating from People's Republic of China, Kingdom of Thailand and Malaysia. On February 01 st , 2021, Investigating Authority confirmed that Dossier was complete, valid according to regulations of law on trade remedies. Within 45 days of the receipt…
Whom is Exempted from Work Permit Since 2021?
On December 30, 2020, the Government issued Decree No. 152/2020/ND-CP regulating foreign workers working in Vietnam and recruiting and managing Vietnamese employees to work for the foreign employers in Vietnam. In which, foreign workers in Vietnam are not required to be granted work permits include: The employee is the owner or capital contributor of a limited liability company with a capital contribution of at least 3 billion VND; Chairman of the Board of Directors or a member of the Board of Directors of a joint stock company with a capit…
How Pilot Program Using Mobile Money for Payment is Regulated?
With the development of the information technology industry, there is a trend to simplify the process and procedures for making transactions making it becomes easier, faster and more convenient for users. Hence mobile money has become a new trend in transferring money, making payment in many countries. To develop non-cash payments, increase access and use of financial services, especially in rural, mountainous, remote, border and island areas of Vietnam, as well as taking advantage of infrastructure, data, telecommunications networks, reduc…
Anti-dumping Measures on Welding Materials from China, Thailand and Malaysia (AD15)
On January 21 th , 2021, Trade Remedies Authority of Vietnam (Investigating Authority) received Dossier from a company which is the representative of the domestic manufacturing (Requesting Party) requesting for the application of the anti-dumping measures on some types of welding materials originating from People's Republic of China, Kingdom of Thailand and Malaysia. On February 01 st , 2021, Investigating Authority confirmed that Dossier was complete, valid according to regulations of law on trade remedies. Within 45 days of the receip…
Can Foreign Invested Enterprises Distribute Pharmaceutical Products in Vietnam?
Currently, with the complicated developments of the Covid-19 epidemic in the world in general and in Vietnam in particular, the research, production and import of Covid-19 vaccines are the matter that everyone is concerned about. On February 24th, 2021, the first batch of vaccine approved for import was transported to Vietnam by the Vietnam Vaccine Joint Stock Company . Facing this situation, a number of foreign enterprises have expressed their opinions on the limitations imposed on foreign-invested enterprises in the field of distribution…
Can Foreigner Authorize Other Person to Perform Transfer of Properties in Vietnam?
In the complicated situation of the Covid-19 epidemic, the Government continued to implement policies to restrict entry to Vietnam, thus many transactions were canceled or delayed. That has caused many obstacles for foreign individuals and organizations wishing to perform transactions in Vietnam. We refer to the transfer of home ownership for foreign individuals who cannot enter Vietnam to participate in signing transfer contracts and other related transactions i.e. sell or buy an apartment or a house located in Vietnam. Pursuant to the la…
Questionnaire in Anti-dumping Measures on Welding Materials From China, Thailand and Malaysia (AD15)
On March 18 th , 2021, Ministry of Industry and Trade issued Decision no. 947/QD-BCT on conducting an investigation to apply anti-dumping measure on some types of welding materials with HS code 7217.10.10; 7217.30.19; 7217.90.10; 7229.20.00; 7229.90.20; 7229.90.99; 8311.10.10; 8311.10.90; 8311.30.91; 8311.30.99; 8311.90.00 originating from People's Republic of China (China), Kingdom of Thailand (Thailand) and Malaysia (Product under investigation) (code AD15). In AD15 case, Trade Remedies Authority of Vietnam (Investigating Authority) h…
Conditions for Foreign Experts to Work in Vietnam
On December 30 th , 2020, Decree 152/2020/ND-CP has been issued regulating on foreigners working in Vietnam and recruiting, managing Vietnamese employees working for foreign organizations and individuals in Vietnam. Decree 152 clearly defines the forms and conditions for foreign employees to be eligible to work in Vietnam, and provides conditions for exemption from work permits in Vietnam , recruitment of foreign employees, renew and re-issue work permits. According to current regulations, foreign citizens come to work in Vietnam for the p…
How to Terminate the Employment Contracts Due to Economic Reasons?
Termination of a labor contract is an event that terminates the employment relationship between the employee and the employer. In particular, there are many cases of termination of labor contracts such as the labor contract expires, the work stated in the labor contract has been completed, both parties agree to terminate the labor contract, the employer lays off the employee due to structural or technological changes or because of economic reasons, merger, consolidation or division of the enterprise or cooperative,… In case more than one em…
How to Set Up Company in Hanoi?
The Law on investment 2021 has a lot of investment incentive policies in economic sectors in Vietnam for foreign investors. Foreign investors that invest in Vietnam in general and Hanoi in particular for the first time must have investment projects and fill in investment registration or examination procedures at state agencies in charge of investment in order to be granted Investment Registration Certificates (“IRC”) and Enterprise Registration Certificate (“ERC”). Company with 100% foreign capital has founded and operated from the date of …
Forms of Foreign Investment in Vietnam
From 01/01/2021, the Law on Investment 2020 in Vietnam came into force. According to the Vietnam Law on Investment 2020, there are five types of foreign investment in Vietnam. Investment in the establishment the economic organizations: This type comprises two methods: Establishment of a company with 100% capital from foreign investors or establishment of a company between the domestic investors or the domestic government and foreign investors. Before establishing the economic organizations, the investors must have the investment project, p…
Policies to Attract Foreign Investment in Hanoi
Over the years, Hanoi city has organized quality conferences of foreign investment attraction, focusing on implementing measures to attract transnational corporations engaged in investment and business in Hanoi . To perform domestic and international cooperation activities on investment promotion. Hanoi is constantly promoting and improving the efficiency of investment promotion activities, creating a reasonable and effective connection between domestic and foreign investment promotion activities in Hanoi in all fields, economic sectors; c…
Notice of operation of the National Office of Intellectual Property
Due to the recently complicated situation of the Covid-19 epidemic, especially the appearance of new clusters unidentified infections in residential areas, offices, and enterprises, and to implement guidance of the Prime Minister, National Steering Committee for prevention and control, and Ministry of Science and Technology, and the guidance of the emergency dispatch no. 11/CD-UBND dated May 24 th 2021 of Chairman of Hanoi People's Committee on strengthening of measures to prevent and control Covid-19, to contribute to the protection …
How to Determine Interest Rate for Late Payment Obligations in Commercial Transaction?
The most important obligation of the parties to a commercial contract is to deliver or provide services and pay in full and on time as agreed. However, in reality, there are times that one party or the parties fail to perform their payment obligations, causing damages to the other party. In particular, in the case of a breach of the payment obligation, the aggrieved party may request the person having caused damage to pay late payment obligations interest. Potential dispute on this matter might arise between parties. Article 306 of the Com…
What Are the Order of Disciplining Employee in Vietnam?
Labour discipline is the provisions on compliance matters relating to work time, technology and production and business management in labor regulations. It can be understood simply that when an employee violates the labor regulations, depending on the extent and regulations of the company, he or she will be subject to disciplinary action. The order of disciplining labor is conducted in accordance with the provisions of labour code in Vietnam. Failing to follow the order of discipline would lead to potential disputes which both employer and …
Draft Decree on E-transactions in the Government Management of Land
In the era of technology 4.0, the application of science and technology in all activities of social life in general is increasingly focused. Vietnam government has introduced a number of policies on the application of electronic technology in administrative procedures, particularly the Draft Decree on Electronic Transactions in the management of land. Electronic transactions in the government management of land are the implementation of administrative procedures in the field of land; share and provide land information and data; share and pr…
What Are Potential Disputes over the Settlement Method for Employees When Separating Enterprises?
In Vietnam, reorganization of an enterprise means the division, separation, consolidation, merger or transformation of an enterprise. In particular, when separating enterprises, in addition to legal issues related to enterprise separation procedures, registration for newly formed enterprises, the introduction of a plan for the employees of the separated company is also a matter of concern. The transferor company and the transferee company need to allocate and use the existing labor force accordingly. It is important to ensure the interests…
What Are Penalty for Violations in the Field of Construction in Hanoi?
In any field, mistakes can occur but differ in actual consequences. Especially in construction activities, the consequences are difficult to predict, the violations in construction activities, to any extent, affect individuals and collective users. Therefore, the Hanoi City People's Council issued Resolution No. 07/2014/NQ-HDND prescribing the fine levels for a number of administrative violations in the field of construction. This Resolution prescribes the fine levels for a number of administrative violations in construction activities …
How Decision 942/QD-TTg on Crypto Currency Would Partly Solve Challenges for the E-Government of Vietnam?
With the strong development of information technology, forms of online transactions has also gradually become a trend and develop strongly in Vietnam. In recent years crypto currency has created a new phenomenon for the global economy that some countries have been deploying to use such as El-Salvador. However, not all countries accept crypto currencies especially countries such as China, Russia, Thailand... are vehemently opposed to this type of crypto currency for fear of risks to the national economy. In Vietnam, there has been a number…
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