SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
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How Foreign Investors Comply with Reports Submissions in Vietnam
Foreign investors setting up business in Vietnam have to comply with statistics report submissions according to Vietnam laws. To ensure compliance, corporate lawyers should be consulted to ensure compliance with reports applicable to foreign owned enterprises in Vietnam. As the current regulation, foreign owned enterprises are obliged to submit monthly, quarterly, six month and annual reports …
What Are the Forms of Public Private Partnership (PPP) in Vietnam?
Public Investment Law No. 49/2014 / QH13 issued on June 18th, 2014, effective January 1st, 2015 and Decree No. 15/2015 / ND-CP on investment in the form of public-private partnership issued February 14th, 2015, effective April 10th, 2015 has been expected to help overcome one of the biggest obstacles in the attraction of investment in …
TPP withdrawal of The US – Vietnam investment impacts
Improved Legal Environment Will Boost Vietnam Despite Possible Failure of TPP After Donald Trump, the US president-elect issued a note of intent to withdraw from Trans-Pacific Partnership (TPP) trade deal, there is a question raised on the attraction of FDI into Vietnam: would foreign investors continue to flood to Vietnam to set-up company? Vietnam as …
Conditional Business Lines Under Law on Investment in Vietnam
Law on amendment and supplement to Article 6 and Annex 4 on the list of conditional business lines stipulated in the Law on Investment has been ratified by the 14th national assembly of the Socialist Republic of Vietnam at the second meeting session dated November 22nd, 2016. Accordingly, pursuant to the constitution of the Socialist Republic …
Vietnam Assembly to Hold Off Building Nuclear Power Plant
It is important for Vietnam to properly re-balance the power supply. Without nuclear power, Vietnam shall need to add additional coal-fired power plants. Further, Vietnam will need to accelerate more renewable energy, including wind energy, solar energy projects and attract more investment in Vietnam in these energy sectors. According to the National Assembly Office, the Parliament met …
Vietnam National Power Development Plan til 2020
Vietnam Prime Minister on Mar 18th, 2016 has issued decision 428 QD-TTG which approved the national power development plan til 2020 with visions extended til 2030. This is expected to boost the competitive environment in a way to attract investment in thermal, water, wind and other sustainable power from various sources in Vietnam. We hereby …
Vietnam Is About to Have Laws for Venture Capital Funds
Vietnam is planning to adopt a new law, which forms the basis for the establishment of venture capital funds in the country and calling for more money to invest in startup activities, which is being strongly encouraged. According to Deal Street Asia, Vietnam will target growth rate of 7% per year until 2020. The draft …
Decision 3993/QD-BCT on Investigation to Apply Anti-Dumping Measure
On October 5th 2016, the Ministry of Industry and Trade issued Decision 3993/QD-BCT on the investigation to apply anti-dumping measure. Accordingly, an investigation will be conducted to apply anti-dumping measure against H-shaped steel products, with HS code: 7216.33.00, 7228.70.10 and 7228.70.90, imported into Vietnam from the People Republic of China (including Hong Kong). Investigation procedures …
Circular 11/2016/TT-BKH on EPC Bidding Documents
Application of EPC bidding document form According to Circular 11/2016, EPC is applicable to complicated projects that have technical requirements, high technology and strictly comply with the synchronism, consistency from the design stage to the equipment supply stage, construction, training, technology transfer, warranty and long-term maintenance. EPC is not applicable in the cases that the …
Circular 140/2016/TT-BTC on Working License Fee on Holiday to Australia and New Zealand Citizens
On September 19th 2016, the Ministry of Finance issued Circular 140/2016/TT-BTC prescribing the rate, regime of collection and payment of license fee to work on holiday for New Zealand and Australia citizens. Accordingly, the license fee rate to work on holiday for New Zealand and Australia citizens is 600,000 VND/time/person, applicable for new issuance and …