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?

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?

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 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

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...