Opening a corporate bank account in Vietnam is a crucial step for businesses looking to operate. However, the process can be both rewarding and challenging, depending on your knowledge of the local banking system, compliance requirements, and the overall business landscape. Vietnam’s banking regulations, while improving over the years, still feature variations across different financial …
For foreign companies and individuals doing business in Vietnam, understanding corporate criminal liability is essential for operating ethically and successfully. As Vietnam’s economy continues to grow and integrate globally, the government has prioritized accountability in the corporate sector. Corporate criminal liability ensures enterprises are held responsible for misconduct conducted on their behalf, emphasizing the importance …
Cryptocurrency has becoming a global phenomenon, but regulations on cryptocurrency exchange in Vietnam are still evolving. Unlike traditional currencies, issued by the State Bank of Vietnam (SBV), cryptocurrencies operate in a decentralized digital framework. However, the Vietnamese government has taken a strict stance on cryptocurrency in Vietnam, particularly regarding their exchange and use. In the …
In the dynamic business environment of Vietnam, compliance with labor and foreign exchange regulations is essential for both local and international companies. One of the most frequently asked questions by employers and employees is, “Can a salary be paid in a foreign currency?” In Vietnam, the law is clear: salaries must generally be paid in …
For foreign investors and businesses expanding into Vietnam, understanding noncompete agreement in Vietnam is essential to protect business interests while complying with local legal standards. Whether you are hiring local employees, partnering with Vietnamese businesses, or acquiring companies in the region, noncompete clauses play a key role in safeguarding trade secrets, market share, and goodwill. …
In the vibrant and rapidly growing real estate market of Vietnam, properties stand as some of the most valuable assets for both locals and foreigners. However, the Vietnamese typically refrain from seeking legal assistance until disputes arise. In contrast, foreign investors are more proactive, often engaging solicitors for buying property in Vietnam to mitigate risks …
When a company decides to invest in Vietnam, one of the first steps is to open business bank account in Vietnam to facilitate the receipt of investment funds. To open business bank account in Vietnam is crucial for paying for services and managing the business operations within the country. Vietnam as Attractive Destination For Investment …
The legal landscape in Vietnam has been evolving slowly with a notable shift towards the use of Alternative Dispute Resolution (ADR) methods. These methods, including mediation and conciliation, offer more efficient and cost-effective ways to resolve disputes outside the traditional court system. As Vietnam continues to modernize its legal framework, the role of Vietnam dispute …
Think about the scenario which you have invested your hard-earned savings in a promising real estate venture in Vietnam. The property’s location is prime, the growth potential is undeniable, and your dreams of a lucrative return seem within reach. But then, you encounter unforeseen obstacles, disputes over ownership, ambiguous zoning regulations, or even challenges to …
Following up and grasping the complexities of banking laws is a challenging task, particularly in a rapidly evolving financial landscape in Vietnam which the laws are constantly on the way to improve. For banking lawyers in Vietnam, following the lates update of law in various sectors and particularly in banking and finance sector is important. …
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