New Law for M&A Deals or JVs

April 2, 2015

LEGAL UPDATE: Did you know that Vietnam has a Competition Law or anti-trust law that prohibits unfair trade practices such as price fixing, illegal use of trademarks as well as prevents monopolies in the market?

Did you know this means if you intend to enter into M&A deals or JVs (joint ventures) you need to take this law into consideration?

The Government has now decided to...

Services or purchased goods from foreign entities

April 2, 2015

LEGAL UPDATE: Did you know that if you use the services or purchase goods from foreign entities that are not licensed in Vietnam such foreign entities have to pay tax in Vietnam and that you may have to make such payment on the behalf of such service or goods providers? This tax is called foreign contractors' tax. The term 'foreign contractors' is misleading, as the tax applies to all entities...

'Indirect' investments in Vietnam

April 2, 2015

LEGAL UPDATE: Did you know that if you make 'indirect' investments in Vietnam (such as purchasing shares in listed or unlisted VN companies without participating in management of such companies; sale and purchase of bonds and stocks in VN's securities exchanges, etc.) you must open a VND indirect investment account at one bank and all capital in and out have to flow through that account?

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New Import Law

April 2, 2015

LEGAL UPDATE: Did you know that to import into Vietnam used machinery, equipment and production lines, including spare parts, components and replacement parts you must now comply with a new law effective 1 September (Circular 20/2014-TT/BKHCN dated 15 July 2014)? For example, machinery used for beer, wine, alcohol, soft drinks production have to be less than 3 years old in terms of use and the...

New Foreign Exchange Legislation

April 2, 2015

LEGAL UPDATE: Did you know that If you invest in Vietnam and will need to remit funds in and out of Vietnam (including capital and dividends), there is a new piece of foreign exchange legislation that you must read.

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