As Vietnam’s economy continues to thrive, more high-net-worth individuals (HNWIs) and families are turning to private client services to manage and protect their wealth. For these clients, understanding the legal environment in Vietnam and knowing how to efficiently operate businesses in Vietnam is of utmost important, as compliance and strategic legal planning are essential to …
On May 15, 2024, the Vietnamese Government issued Decree No. 52/2024/ND-CP on cashless payments, effective from July 1, 2024. This decree replaces Decree No. 101/2012/ND-CP (as amended and supplemented). It represents a significant legal milestone in the field of Vietnam cashless payments, impacting various sectors, organizations, and individuals involved. The new decree establishes a fundamental …
Introduction For innovators and businesses seeking to secure patent protection in Vietnam, understanding the PCT National Phase Entry in Vietnam is critical. As part of the Patent Cooperation Treaty (PCT), Vietnam allows applicants to file a single international application and later enter the national phase to obtain local patent rights. However, one key aspect often …
Letting go of an employee should be a clean break. But in Vietnam, one wrong move can cost your business more than just money. It can cost your reputation, your operating license, and even your ability to hire again. Some foreign companies believe they can handle things the same way they do at their home …
It begins softly. A friendly request comes, framed as a favor, filled with urgency. You listen and agree. Money moves. Then the silence grows longer. The borrower turns avoid contacts, and a truth emerges: you may have walked into a loan scam in Vietnam. The private lending is part of daily life here, yet scammers …
You’re leaving Vietnam. But your property wants to stay! That is the tension. It’s not just an apartment or a house. It’s paperwork. Taxes. Buyers. Banks. Selling property in Vietnam may seem straightforward on paper. But for foreigners, it’s often a maze of legal hurdles, transaction risks, and money transfer headaches. Here’s the issue. When …
Opening a corporate bank account in Vietnam is a crucial step for businesses looking to operate. However, the process can be both rewarding and challenging, depending on your knowledge of the local banking system, compliance requirements, and the overall business landscape. Vietnam’s banking regulations, while improving over the years, still feature variations across different financial …
Vietnam Issued a Decision on Anti-Dumping Investigation of Galvanized Steel From China and South Korea (Case Code: AD19) On June 14, 2024, the Ministry of Industry and Trade of Vietnam issued Decision No. 1535/QD-BCT on the investigation and application of anti-dumping measures for galvanized steel products from China and South Korea. Specifically, the galvanized steel …
On March 19, 2024, the Trade Remedies Authority of Vietnam (TRAV), the Investigation Agency received applications from companies representing the domestic manufacturing industry, the Petitioners, including Hoa Phat Group and Formosa Ha Tinh Steel Corporation, requesting an investigation into the application of anti-dumping measures for HRC products from India and China. The request for anti-dumping …
Occupational Health and Safety (OHS) compliance is a growing concern in Vietnam, where the labor force plays a pivotal role in economic growth. As Vietnam continues to develop into a manufacturing hub, investors have drawn more attention to adhering to the nation’s labor laws, particularly OHS regulations. The following aims to provide a guide to …
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