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?

November 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 currency for their businesses and had no foreign currency revenues. They were borrowing in foreign currency to sell to banks in VND to...

VietnamBusiness.TV interview with Ms. Dao Nguyen on "Executive Women In Vietnam"

September 1, 2016

Women’s role in society has certainly evolved, from not having the opportunity to education to having equality in most parts of the world on most aspects.  Vietnam stands tall in appointing women to the board at 13.9% where the APEC average is only 9.8%. How do women see the evolvement of their role in business?  Ms. Dao shared her experience on the road to success.

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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?

August 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 number of residential houses owned by foreign organisations and individuals (“Foreigners”):

For condominium, Foreigners may...

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?

April 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 Vietnam (SBV) has made it easier to comply with such formalites via a new circular that just became valid last week, 15 April...

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

April 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 in this case is defined to include all actions taken by the infringer including use of the name on products, distribution channels,...

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