Circular for Foreign Investors to Purchase Shares in Vietnamese Banks

April 2, 2015

LEGAL UPDATE: Did you know that the State Bank of Vietnam has recently issued a Circular guiding procedures for foreign investors to purchase shares in Vietnamese banks, including "weak" Vietnamese banks (those that have been placed under special control by the State Bank of Vietnam.

The Circular sets out details regarding the documents required as well as the procedures for such...

Approved Equisation/Privatisation Plan

April 2, 2015

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 auctioned and the remaining will be issued to employees. It will be interesting to see what the pricing will be.

Decision 85/QDTTg/2015...

Two New Significant Laws in Investment and Enterprises

April 2, 2015

LEGAL UPDATE: Did you know that two other significant laws in investment and enterprises have been passed and will become valid on 1 July 2015. These laws will affect all investments and corporate transactions in Vietnam.

Key changes are:

1. A foreign-invested company where a foreign investor(s) hold(s) less than 51% will be considered a Vietnamese company and therefore will enjoy...

New Real Estate Business Law

April 2, 2015

LEGAL UPDATE: Did you know that a new law on Real Estate Business Law (“REB Law”) has been passed by the National Assembly of Vietnam on 25 November 2014 and will come into effect as of 1 July 2015.

Below are highlights of some very key changes:

1. Rights of foreign individuals and organizations to purchase properties in Vietnam

The new REB Law allows all foreigners who are...

New Laws on Real Estate, Housing and Investment

April 2, 2015

LEGAL UPDATE: Did you know that new laws on real estate, housing and investment have been passed by the National Assembly? Stay tuned for detailed updates once the official versions are published.

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