Cleaning up condotel legislation in Vietnam

Apr 23, 2019

As you may know, there are no laws or regulations on buying, selling and managing condotels, officetel and these types of property still have not been given red or pink book so far. This could bring many disadvantages for the buyers. We wrote an article on this...

LEGAL UPDATE: Did you know that a court in Vietnam recently upheld the enforceability of a non-compete and non-disclosure agreement (“NDA”) between an employer and employee and ruled in favour of the employer?

Jul 23, 2018

For years, employers often require key employees to sign an NDA pursuant to which the key employee would agree not to disclose trade secrets and not to work for a competitor for a certain period of time if the employment relationship ends. These provisions are either...

Recruitment for Junior Associate

Mar 27, 2018

We are looking for a few corporate Junior Associates to provide support to our corporate partners and other legal professionals. This is a great opportunity to become a valued contributor to an established professional and growing team.  DN LEGAL JOB DESCRIPTION...

LEGAL UPDATE: Did you know that the temporary lift of the ban on borrowing in foreign currency for use domestically has been extended to the end of 2017 but only if you are an exporter and provided that you meet certain conditions?

Nov 21, 2016

Up until May of this year, the State Bank of Vietnam imposed a ban on the borrowing of foreign currency by companies in Vietnam for use domestically. The reason for the ban was that this practice was abused by borrowers that, in fact, did not need foreign...

LEGAL UPDATE: Did you know that the Ministry of Construction has recently issued Circular No. 19/2016/TT-BXD (“Circular 19”) guiding the Law on Housing No. 65/2014/QH13 dated 25 November 2014 (the “Housing Law”) and Decree No. 99/2015/ND-CP?

Aug 5, 2016

Circular 19 introduces a number of important articles on foreign ownership of residential houses, specifying limitations on number of residential houses foreigners are permitted to own and how a foreign individual may lease his house. 1.  Limitations on the...

LEGAL UPDATE: Did you know that if you borrow from overseas (whether from shareholders or financial institutions or from any creditor overseas) that you have to follow the formalities to register such loans in Vietnam?

Apr 21, 2016

Failure to comply with the foreign exchange regulations on borrowing funds from offshore or overseas will mean that you will not be able to convert VND to foreign currency and remit funds out of Vietnam to repay the loans. The good news is that the State Bank of...