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...

LEGAL UPDATE: Did you know that a company that is found to have infringed the protected name/mark of another company will have to amend its business registration certificate to change/amend its name and/or its scope of business or have its licence revoked

Apr 20, 2016

This is a very positive step by the Government to help companies protect their registered names and trademarks. Vietnam’s intellectual property laws are good, but have little bite. Enforcement has been challenging. This is a good start. Infringing actions...

LEGAL UPDATE: Did you know that contracts in Vietnam that denominate payment in foreign currency are void under Vietnamese law?

Mar 7, 2016

This means that parties to such contracts will have to be returned to their original positions as if the transactions have not occurred. The Foreign Exchange Ordinance of 2005 of Vietnam as amended in 2013 and the relevant guiding laws require all civil contracts in...

LEGAL UPDATE: Did you know that the Government has issued the Decree (No. 118) to guide the implementation of the Investment Law?

Dec 9, 2015

Decree 118 will become valid on 27 December 2015. We highlight the salient points of this important legislation below: 1. New requirement for the making of a security deposit by investors to guarantee the obligation to carry out certain investment projects where land...

LEGAL UPDATE: Did you know that the Government has recently issued a Decree (No. 99) which sets out the guidelines to implement the Housing Law?

Nov 23, 2015

Decree 99 will become valid on 10 December. The most interesting are details what conditions foreigners must meet to purchase homes in Vietnam and where they can purchase. 1. Conditions that foreigners need to satisfy to own residential houses in Vietnam Decree 99...

LEGAL UPDATE: Did you know that the Government has issued a decree guiding investment offshore by companies established in Vietnam?

Oct 29, 2015

This decree applies to all companies, credit institutions established in Vietnam (including foreign invested) and Vietnamese individuals. “Investment offshore” is defined as the remittance of capital overseas by the investor; or the payment in part or in...