SET UP AND INVEST
Starting a business in Vietnam
Plan the entity, licenses, funding and practical steps needed before launch.
Read the guide
CPC Code – Foreign Investors Need to Know in Vietnam
Once a foreign investor wishes to invest in Vietnam, they not only need to be well-informed about investment environment, incentive, labor, State policies, but also need to know about CPC code. Each specific service is fixed with a provisional Central Product Classification (called CPC code) belonging to Central Product Classification of United Nations. In the …
When is Bank Guarantee Obligations Terminated?
Bank guarantee obligations shall be terminated under the following circumstances: a) The obligor’s obligations are discharged. b) The guarantee obligations have been fulfilled in accordance with the guarantee commitment. c) The guarantee is cancelled or replaced by other guarantee measures. d) The guarantee commitment has ended its validity. e) The obligee has been exempted from …
What are Responsibility for Wrongful Request of Arrest of Ship?
According to Article 131 of Vietnam Maritime Law, the wrongful request of arrest of ship in Vietnam shall be subject to financial obligations. In particular: The applicant for arrest of a ship must be held legally liable for his request. If the request for arrest of a ship is wrongful, which may lead to any …
What Are Prohibited Acts Under the Law on Cyber Information Security?
The Law on Cyber Information Security has been promulgated in 2015. According to Article 7, Law on Cyber Information Security, prohibited acts are: Blocking the transmission of information in cyberspace, or illegally intervening, accessing, harming, deleting, altering, copying or falsifying information in cyberspace. Illegally affecting or obstructing the normal operation of information systems or the …
CPTPP Reflects Vietnam’s Commercial Global Integration
On March 9th, 2018, Minister of Industry and Trade, Vietnam Tran Tuan Anh and 10 Ministers of the Member countries signed the Comprehensive and Progressive Agreement for Trans-Pacific partnership (CPTPP) in the capital Santiago, Chile.The historic process: CPTPP, a new generation free-trade agreement, is established to replace TPP after the exception of U.S – the …
How to Determine Financial Security to Request for Arrest of Ship?
According to Article 132 of Vietnam Law on Maritime, to request for arrest of ships, it is required to provide financial security to ensure that there is a way to hold the requester responsible in case the request is wrongful. The person requesting arrest of ships must provide financial security in either or both of …
Intellectual Property remains a big challenge for Vietnam under CPTPP
At an informal meeting of representatives from 11 countries (without US) taking place on the Asia-Pacific Economic Cooperation (APEC) dated on November 10th, 2017, the parties agreed to change from Trans-Pacific Partnership Agreement (TPP) to the Comprehensive and Progressive Partnership for Trans-Pacific Partnership (CPTPP). Accordingly, the CPTPP contains 8,000 pages of documents, but only 20 …
Which Judgement Enforcement Agencies that Enforce Arbitral Awards
Which Judgement Enforcement Agencies that Enforce Arbitral Awards or Decisions of Arbitration Councils on the Application of Interim Urgent Measures? Under Article 8 of Vietnam Law on Commercial Arbitration, judgement enforcement agencies for enforcement of arbitral awards or decisions of arbitration councils on the application of interim urgent measures as regulated as following: Arbitral Award …
How to Apply For Trading License in Civil Cryptographic Products and Services?
According to Article 32, Law on Cyber Information Security, the application of licenses for trading in civil cryptographic products and services need to follow the following: 1. An enterprise applying for a license for trading in civil cryptographic products and services shall submit a dossier of application for a license at the Government Cipher Committee. …
What are Conditions to Meet for Trading civil cryptographic products and services?
According to Article 30 and 31, Law on Cyber Information Security, Civil cryptographic products and services are:1. Civil cryptographic products include cryptographic documents and technical and professional equipment used to protect information not classified as state secret.2. Civil cryptographic services include services of protection of information using civil cryptographic products; inspection and assessment of civil …