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The new law of Vietnam has been promulgated that restrict the investment of state-owned enterprise in its non-core business areas.  According to Decree 71/2013/ND-CP dated July 11th, 2013, state-owned enterprises are not allowed to make capital contribution or investment in real estate sector (excluding the business with business line in the real estate sector), in … Read More

A foreign individual is determined to have the tax resident in Vietnam if it meets one of the following conditions: Have been in Vietnam for 183 days or more in one calendar year or within 12 consecutive months, counted from the first day in Vietnam. The number of days stayed in Vietnam is based on the … Read More

ANT Lawyers – A new law provides guidance on Vietnam corporate laws for consolidated or merged companies listed on Vietnam Stock exchange has been issued by Vietnam Ministry of Finance.  The recently issued Circular 73/2013/TT-BTC specifically provides guidance on the conditions and procedures for listing shares of a company after consolidation or merger. The circular references a … Read More

Foreign Securities companies in Vietnam could register for two transaction codes: the first code is the financial code and the other is for brokerage account. Those are content in Decision 47/QD-VSD, issued on March 13th 2013. The record to register, change, cancel the transaction code will be done in accordance with Circular 213/2012/TT-BTC dated December … Read More

On Apr 8th, 2013, the Government issued Decree No. 30/2013/ND-CP on business air transport and general aviation operations to replace Decree 76/2007/ND-CP dated May 9th, 2007. The new Decree regulates on conditions and procedures for granting business permits for air transport, general business aviation license for commercial purpose, registration certificate of general aviation operation for … Read More

ANT Lawyers – Apr 17th, 2013 – The new revised Vietnam Labor Code that takes full effect as from May 1st, 2013 (“Labour Code”) brings in some improvements for the employees in Vietnam. The Labor Code aims to improve labor conditions in Vietnam which especially strengthens the rights of female employees on maternity subjects according … Read More

On March 29, 2013, The Ministry of Health issued in the Circular No10/2013/TT-BYT amending and supplementing a number of articles of Circular No02/2007/TT-BYT on conditions for drug business.  In the circular, the “technology document” for applicants applying for a license in the drugs business will be the Good Practice Certificate.  Applicants should submit the application … Read More

Under the new regulation, the time limit for the adoption of father, mother and children with foreign elements will be shortened from 45 days to 25 days from the date of receiving complete documents and fees. The cases where minor children adopted by the father (or mother) that mother (or father) of that children is … Read More

The newly issued Decree 24/2013/ND-CP has a number of adjustments in the marriage procedure that has foreign elements in Vietnam as follows: For marriage dossier: – Remove the provisions on the requirement of notarization and legalization of household registration and identity proof. – Add some cases that must supplement the dossier: divorced in foreign country, Vietnamese resident … Read More

The promotional activities to attract investment have been increasingly paid attention. Specifically, the Ministry of Finance has just issued Circular 31/2013/TT-BTC specifying the financial support for this activities. Accordingly, the state budget will support 100% of the funding for investment environment promotional activities such as: – Promoting the policies and guidelines about investment in Vietnam on the domestic … Read More