When Vietnam issues a new decree on investment, the most common question managers ask is whether foreign-owned companies have to amend IRC or ERC. With Decree 96/2026/ND-CP, the answer for most operating businesses is no. You do not have to rush to amend your Investment Registration Certificate (IRC) or Enterprise Registration Certificate (ERC) just because …
Foreign companies doing business in Vietnam increasingly use arbitration to resolve commercial disputes outside the court system. But many of them underestimate what it takes to make arbitration in Vietnam actually work. To put it simply, for arbitration to work in Vietnam, the arbitration clause must be valid, the procedure must be managed carefully, the …
Many businesses today do sell only products. They may also include digital content, app access, subscriptions, membership benefits, online tools, or other digital features as part of the offer. From a business point of view, this may seem modern and attractive. From a legal point of view, however, digital products in an MLM model in …
For a long time, many businesses have thought that the main legal challenge in multi level marketing (MLM) is obtaining a license. Today, getting a license is only the beginning. A serious investor now needs to look further and ask whether the MLM model in Vietnam remains safe after launch. A license is only part …
Vietnam has issued Decree 137/2026 on multi level marketing, effective from July 1, 2026. This decree replaces the previous framework on multi level marketing regulation in Vietnam. Decree 137/2026 does not regulate only with licensing procedures. It also regulates what products may be sold, how an multi level marketing (MLM) network may grow, how businesses …
Foreign companies often believe they have a strong case against a Vietnamese counter-party. Yet they still lose contract disputes in Vietnam. They often realize too late that they lost not because the other side had better facts, but because the contract was never drafted with a real dispute in mind when the relationship began. In …
Quick Reference to Buy Property in Vietnam Foreign individuals permitted to enter Vietnam may buy property in Vietnam, including apartments and houses in approved commercial housing projects, subject to ownership caps and location restrictions. Ownership is granted for up to 50 years, extendable once. Foreigners cannot acquire land use rights directly. Overseas Vietnamese with Vietnamese …
When a cross-border succession involves real estate in Vietnam, non-resident beneficiaries are immediately confronted with complex regulatory hurdles. The primary strategic concerns quickly shift from standard inheritance to legal reality. Questions to be asked include if Vietnamese law permits the retention of the asset, or if liquidation is mandatory. And how can this legal transition …
Vietnam’s Rehabilitation and Bankruptcy Law (No. 142/2025/QH15) took effect on March 1, 2026. It changes the country’s insolvency system from one that focused mainly on liquidation to one that give priority to rehabilitation first. In here, we discuss what the law means for business timing, management control, and enterprise value. For CEOs, the real danger …
Quick Reference Yes, you still need the IRC. The Law on Investment 2025 (No. 143/2025/QH15) lets foreign investors set up a company (get the ERC) before completing IRC procedures. But if your project is in the IRC-required category, you must still get the IRC before you start the project. The new law changed the order. …
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