SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
Read the guide
How to Distinguish between Deposit and Advance Payment?
In commercial transactions, it is very common for one party to give the other party an amount of money before the contract being performed. Payment dispute attorneys in Vietnam could help distinguish the difference. What is Deposit? Deposit is one of security measures for the performance of contract obligations. According to regulation of Civil Code, deposit …
Preferential import and export tariff according to EVFTA for the period 2020-2022
On September 18, 2020, the Government issued Decree No. 111/2020/ND-CP on Vietnam’s Preferential Export Tariffs and Special Preferential Import Tariffs to implement the Free Trade Agreement between The Socialist Republic of Vietnam and the European Union (EVFTA Agreement) for the period 2020-2022. Accordingly, the Decree stipulates the Preferential Export Tariff, the Special Preferential Import Tariff …
How to Hire Lawyers to Collect Debt Effectively? 5 Steps
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 …
Regulations on opening individual payment account by electronic method
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 …
What Are Responsibilities of the Seller for Inadequate Delivery of Goods?
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 …
What is Statute of Limitation for Initiating Legal Action According to Arbitral Procedures?
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 …
How Amendment to Contracts Can be Made?
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 …
7 Vital Insights Discussed By Real Estate Dispute Law Firms in Vietnam On Resolving Complex Land Issues
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 …
What Are New in Real Estate Trading Business From 2021?
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 …
How Cross-Border Supply of Services Works?
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 …