How to Determine Interest Rate for Late Payment Obligations in Commercial Transaction?

How to Determine Interest Rate for Late Payment Obligations in Commercial Transaction?

The most important obligation of the parties to a commercial contract is to deliver or provide services and pay in full and on time as agreed. However, in reality, there are times that one party or the parties fail to perform their payment obligations, causing damages to the other party. In particular, in the case … Read More

Set-up Limited Liability Company in Vietnam

Differences Between Limited Liability Company and Joint Stock Company

How to distinguish differences Between Limited Liability Company and Joint Stock Company Vietnam Law allows the establishment company in Vietnam in various forms. It is an important step in investment process. Investors could choose different forms depending on the needs and capacity on the ability to raise capital and sharing the risk in business as well as … Read More

Notice of operation of the National Office of Intellectual Property

Notice of operation of the National Office of Intellectual Property

Due to the recently complicated situation of the Covid-19 epidemic, especially the appearance of new clusters unidentified infections in residential areas, offices, and enterprises, and to implement guidance of the Prime Minister, National Steering Committee for prevention and control, and Ministry of Science and Technology, and the guidance of the emergency dispatch no. 11/CD-UBND dated … Read More

Set up company in Hanoi

Policies to Attract Foreign Investment in Hanoi

Over the years, Hanoi city has organized quality conferences of foreign investment attraction, focusing on implementing measures to attract transnational corporations engaged in investment and business in Hanoi. To perform domestic and international cooperation activities on investment promotion. Hanoi is constantly promoting and improving the efficiency of investment promotion activities, creating a reasonable and effective connection … Read More

Set up company in Hanoi

Forms of Foreign Investment in Vietnam

From 01/01/2021, the Law on Investment 2020 in Vietnam came into force. According to the Vietnam Law on Investment 2020, there are five types of foreign investment in Vietnam. Investment in the establishment the economic organizations: This type comprises two methods: Establishment of a company with 100% capital from foreign investors or establishment of a … Read More

How Does Dispute Settlement Mechanism of WTO Work

How Does Dispute Settlement Mechanism of WTO Work?

The dispute settlement mechanism of the World Trade Organization (WTO) is a succession of the dispute settlement rules that has been effective for nearly 50 years in the history of GATT 1947. The basic objective of this dispute resolution mechanism is to achieve a positive solution to the dispute. Vietnam is member of WTO therefore … Read More

Dispute Settlement Mechanism of ASEAN

How Dispute Settlement Mechanism of ASEAN Work?

As economic cooperation has expanded, having an effective mechanism to resolve disputes arising between member countries has become an essential need. Therefore, since 1996, ASEAN has started drafting a Protocol on Dispute Settlement Mechanism, and this Protocol was signed by ASEAN Economic Ministers on November 20, 1996 in Manila (Philippines). The dispute settlement mechanism of … Read More

How Probation is Regulated in Vietnam Labour Code

How Probation is Regulated in Vietnam Labour Code?

Probation is an agreement between an employee and an employer on a probationary job in a certain period of time in accordance with the provisions of law. Before entering into a labor contract, the employer and the employee should go through a probationary period to determine the long-term cooperation and attachment between the parties. The … Read More

Duration of the Questionnaire in Investigation on the Anti-dumping Case AD15

Extension of Submission Duration of the Questionnaire in Investigation on the Anti-dumping Case AD15

On April 02nd, 2021, Trade Remedies Authority of Vietnam – Ministry of Industry and Trade (Investigation Body) has issued the investigation questionnaire for the interested parties in AD15. Accordingly, the deadline for receiving the full answer is 5pm of May 7th 2021. Investigation Body has received some requests for extending duration of answering the questionnaire … Read More

Anti-dumping investigation on cement from Viet Nam

Philippine initiated anti-dumping investigation on cement from Viet Nam (AD case no. AD01-2021)

On April 20th, 2021, Department of Trade and Industry of the Philippines (DTI) has issued the notice of initiation of an investigation on the application for an anti-dumping duty on cement from Viet Nam (AD case no. AD01-2021).  Request for investigation on application for an anti-dumping is the most international trade remedy under WTO Agreement … Read More

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