SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
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11 Crimes That Are Handled Upon Request of Victim
Rape, humiliating others, committing forcible sexual intercourses, slandering… are crimes that are prosecuted at the request of the victim. According to the provisions of Clause 1, Article 105 of the Criminal Procedure Code 2003, the cases of the offenses specified in Paragraph 1, Article 104, 105, 106, 108, 109, 111, 113, 121, 122, 131 and …
Proposed to Reduce Corporate Income Tax to 15 – 17%
The Ministry of Finance is drafting a report submitting to the Government on the implementation of Resolution 35/2016 of the Government on a number of solutions to remove difficulties and tax obstacles for small and medium enterprises. Accordingly, the Ministry is expected to submit two plans to prepare for comments of the Parliament at the …
Revocation of the Work Permit
Cases that the work permit is revoked are: a) The contents in the dossiers requesting for the issuance and re-issuance of work permit are fake; b) The work permit has expired; c) Foreign workers or employers do not comply with the contents stating in the work permit; d) Termination of the labor contract; e) The …
License to Organize International Conference for Business
The organizing of international conference or conference without international element must be approved by the competent state authority in accordance with law. The reason is that the conferences have to be managed by the authorities competent in terms of the contents of the conference, ensuring that no policies and laws are violated. In this article …
Illegally Sacking Employee Could Be Imprisoned
This is a remarkable content which is specified in Article 162 of the Criminal Code 2015 and will take effect from July 1st 2016. Accordingly, any people indenting to self-seeking or for their personal motives that they do one of the following behaviors to make other people to be dismissed, fired, their families fall into …
US Investors Set up Business in Ho Chi Minh City
United States (US) businesses are expecting to pour investment capital and set up in Ho Chi Minh City (HCMC) in the near future, when Vietnam and the US are members of the Trans-Pacific Partnership agreement (TPP). Statistics from the Department of Planning and Investment of HCMC showed that in 2015, the city has attracted 26 …
Legal Procedures Post Licensing in Vietnam
After establishing a company in Vietnam, the compay has to perform a number of legal procedures for compliance purpose. First, they have to declare the license tax. The tax declaration should be submitted to tax authorities. If the taxpayer has branch in the same province, the tax declarations of the branch should be submitted to the taxpayer’s …
Expiry Date of the Criminal Record Card
According to Clause 4 of Article 2 of the Law on criminal record, criminal record card is the document issued by the competent state agencies for organizations and individuals, proving that individuals have or do not have criminal record. The problem is that, for how long since the date that state agencies issue the criminal …
Bloomberg: M&A in 2016 in Vietnam Will Hit Record
According to Bloomberg, the mergers and acquisitions activity (M&A) in Vietnam will hit record since the foreign investors are very interested in the consumer sector – which is developing very fast. The Institute of Mergers, Acquisitions and Alliances in Vietnam announced that the M&A activities related to Vietnam companies increased by 40% in 2015, reaching …
Anti-dumping of Goods Imported to Vietnam
Recently, the Ministry of Industry and Trade of Vietnam has carried out investigations to apply anti-dumping measures against some commodities imported into Vietnam. The law of Vietnam also has a number of law documents governing this matter in detail. Specifically, ordinance No. 20/2004/PL-UBTVQH11 issued on April 29th, 2004 of the Standing Committee of the National Assembly and the …