Debt collection has always been a complex and sensitive process, but in Vietnam, it has become even more challenging due to recent changes in the law. Since early 2021, traditional debt recovery services have been banned in Vietnam, forcing businesses and creditors to rely on alternative means for debt collection. This legislative shift has heightened … Read More
On December 4, 2020, the State Bank of Vietnam issued Circular No. 16/2020/TT-NHNN amending and supplementing a number of articles of Circular No. 23/2014/TT-NHNN dated August 19, 2014 of The Governor of the State Bank of Vietnam guides the opening and use of a payment account at a payment service supplier. Accordingly, the State Bank … Read More
Delivering and receiving goods are basic obligations of the parties when performing the Contract for purchase and sale of goods. Specifically, in accordance with the law, when buying and selling goods, the seller must deliver goods and relevant documents, as agreed in contracts on quantity, quality, packing and preservation modes and other contractual terms. In … Read More
Arbitration law always set the the limitation period for request of dispute resolution. This means that the law applies a specific period for parties to bring the dispute to the arbitration. According to law on arbitration 2010 (“LOA”), unless otherwise provided by specialized law, limitation period for initiating legal action according to arbitral procedures is … Read More
Once a contract is made legally, contracting parties shall implement and such contract is respected by third parties. As stated in Civil Code 2015 (“CC”): “Each commitment or agreement that does not violate regulations of law and is not contrary to soal ethics shall be bound by contracting parties and must be respected by other … Read More
Imagine investing your hard-earned money into a property abroad, excited about the opportunities it promises, only to find yourself embroiled in a tangled legal dispute. The dream of owning land or property in Vietnam can quickly turn into a frustrating maze of legal uncertainties. Who truly owns the rights to the land? What happens if … Read More
The Law on Investment 2020 takes effect from January 1, 2021 with many new highlights, including the amendment of conditions for real estate business in the Law on Real Estate Trading 2014. Specifically, amending regulations on real estate business conditions in the Law on Real Estate Trading 2014 as follows: “Any organizations and individuals trading … Read More
Bilateral or multilateral free trade agreements between countries are formed majorly based on the WTO agreement system. In particular, GATS as an Agreement under the WTO system, is the first and only set of multilateral rules governing international trade in services. Ways or modes of trading services are basic provisions of GATS, including: Cross-border supply … Read More
Vietnam has become an attractive destination for foreigner investors due to the impressive development of socio – economic in recent years. This is such a good opportunity for Vietnamese enterprises to get cooperation in business with foreign partners. To take advantage of the opportunities to be the pioneer and market share, many of them have … Read More
To ensure the compliance with law, it is suggested to seek advice from employment lawyers in Vietnam. The following is the initial guidance for consideration and reference. When employer can terminate labour contract? Expiration is one of the circumstances which permit termination of labor contract under the Labor Code. Accordingly, the employer must inform in … Read More
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