Administrative Fines

LEGAL UPDATE: Did you know that if you violate the relevant laws and administrative fines are imposed, all your profits, funds/valuable papers and assets from such violation will have to be paid back to the State? What has to be returned is to be decided by the person...

New Circular Regarding Foreign Companies in Service Sectors

LEGAL UPDATE: Did you know that the Ministry of Industry & Trade has issued a new circular to confirm that foreign companies engaging in the the 11 service sectors (such as legal, advertising, banking & finance, securities, construction, etc.) to which VN has...

Foreign Real Estate Developer Update

LEGAL UPDATE: Did you know that if you are foreign real estate developer as of 1 July of this year, you can lease existing real estate (including houses and buildings) and sublease the same and you can also take over a part of a larger project to build for sale, lease...

Approved Equisation/Privatisation Plan

LEGAL UPDATE: Did you know that the Government recently approved the equisation/privatisation plan of Vinacomin – Power Holding Corporation. Pursuant to the plan, the State will continue to hold 65% of the shares and 34.76% of the shares will be publicly...