I. Legal Basis In the context of a “flat” world and the rapid increase of foreign investment into Vietnam, the number of foreign workers in Vietnam is also growing. However, not all businesses and foreign workers are well-informed about the …
I. Legal Basis Circular 06/2019/TT-NHNN II. What is a Foreign Direct Investment Account? According to Clause 5, Article 3 of Circular 06/2019/TT-NHNN, a Foreign Direct Investment Account (DICA) is a payment account in foreign currency or Vietnamese dong opened by …
I. Legal Basis Under the 2019 Labor Code, any reduction in an employee’s wages must strictly comply with legal provisions. Specifically, employers are permitted to reduce wages only in certain cases, such as compensating for damages caused by the employee’s …
I. Legal Basis Decree No. 01/2024/ND-CP regulates the management of foreign investors’ capital in the commercial banking sector in Vietnam. The decree emphasizes that foreign investors are only permitted to own a maximum of 50% of the charter capital of …
I. Legal Basis The Investment Law 2020 The Procurement Law 2023 Decree 31/2021/ND-CP II. Conditions for Transferring an Investment Project According to Clause 1, Article 46 of the Investment Law 2020, the conditions that investors need to meet in order …
I. Legal Basis The Investment Law 2020 of Vietnam (effective from January 1, 2021) regulates business investment activities in Vietnam, providing guidelines on investment conditions, conditional business sectors, and administrative procedures related to both domestic and foreign investments. One of …
Legal base Labor Code Circular 32/2013/TT-NHNN Decree 65/2013/ND-CP Law on Personal Income Tax When working in Vietnam, foreign workers will get the same basic salary as Vietnamese people. According to occupation, job position and worker’s experience, the salary paid will …
I. Definition of Contributed Capital Assets Article 34 of the 2020 Enterprise Law defines assets for capital contribution as follows: Contributed capital assets include Vietnamese dong, freely convertible foreign currencies, gold, land use rights, intellectual property rights, technology, technical know-how, …
Legal basis: – Commercial Law 2005; – Decree No. 07/2016/ND-CP. Foreign traders mean traders established and making their business registrations according to the provisions of foreign laws or recognized by foreign laws. Foreign traders are entitled to set up their …
I. Legal Basis The Law on Investment 2020, effective from January 1, 2021, introduces significant amendments and supplements aimed at attracting both domestic and foreign investments. This law outlines various investment forms, such as direct investment, indirect investment, and public-private …
Within 30 days of receiving the arbitral award, if one party has sufficient grounds to prove that there are bases for annulling the arbitral award, they have the right to submit a request for the annulment of the arbitral award. …
I. Legal Basis The Law on Marriage and Family 2014 The Civil Procedure Code 2015 Resolution 326/2016/UBTVQH14 Currently, the trend of marrying foreigners is increasingly common, leading to a rise in divorce cases. So, what documents need to be prepared, …