On August 7th, 2014 the Chairman of the Vietnam Bar Association has signed the petition submitting to the Minister of the Vietnam Ministry of Public Security, to officially request for consideration annulling or amending the scope of the Article 38 of the Circular No. 28/2014 (“Circular 28”). Pursuant to the Vietnam Bar Association, the Article …
General Department of Taxation of Vietnam has recently issued official letter 3369/TCT-HTQT effective Aug 19th, 2014 guiding the procedures for certifying tax paid in Vietnam by foreign residents. Accordingly, pursuantto Article 44.5a, Chapter V, Circular No.156/2013/ TT-BTC dated Jun 11th, 2013 of the Vietnam Ministry of Finance, when a resident of a contracting country has …
ANT Lawyers – Jul 7th, 2013. There have been changes in the legal procedures in Vietnam in regard to the regulations related to international trade. In particular, the licensing for temporary import and re-export of used goods, frozen food, imported goods with special consumption tax have been adjusted. The Ministry of Industry and Trade Vietnam …
Purchasing and exchanging goods are ancient activities emerging from human’s demand of foods, drinks and other daily needs. Retailing and consumer goods distribution in Vietnam have developed rapidly in Vietnam driven by the growing of young mid-income consumer group in Vietnam. The retailing index has been high according to A.T.Keraney – a famous US consulting …
New Vietnam Law on Bankruptcy has been voted and approved by Vietnam National Assembly on Jul 19th, 2014 and is expected to make contribution to resolve the current problems about requirements of the enterprises, cooperatives which declare bankruptcy; to ensure equality in protecting the interests of the State, the legitimate rights and obligations of enterprises, …
On 24th June 2014, the new Vietnam Law on Notarization has been promulgated. Along with the certifying the authenticity and validity of the contract, other civil transactions in writing, Clause 1, Article 2 of the amended Vietnam Law on Notarization stipulates: “Notaries have the authority to certify the accuracy, legitimacy, social ethics of the translation …
According to Decree 23/2007/ND-CP, a foreign-invested company wishes to open more than two retail outlets will need to pass an Economic Need Test (ENT) except in limited circumstances. However, there are not specific definitions on ENT, in which the investor could check it against their capility that could make foreign investors be hesitated on entering Vietnam …
Prae Legal will be organizing the 2nd meeting in Doha, Qatar on 14th and 15th of September 2014. This event will be supported by the State of Qatar. Prae Legal is one of the largest law firm networks of more than 15o law firm members globally. Last year, the 1st meeting of international law firms was organized in Istalbul, …
Ho Chi Minh City is not going to renew expired work permit in Vietnam for foreigners, noticed by Ho Chi Minh City Department of Labor, War Invalids and Social Affairs. Ho Chi Minh City Department of Labor, War Invalids and Social Affairs (DOLISA) issued Notice No.6107/SLDTBXH-VL on May 16th, 2014 guiding the implementation of Decree No.102/2013/ND-CP detailing …
Vietnam Prime Minister Nguyen Tan Dzung has approved the project: “Building and developing derivatives market in Vietnam” by issuing Decision No.366/QD-TTg which approve derivatives market establishment and development in Vietnam. Pursuant to Decision No.366/QD-TTg, establishing and developing derivatives market, there are three phases from simple to complex. Phase 1: from 2013 to 2015, Vietnam needs …
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