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 …
For foreign companies and individuals doing business in Vietnam, understanding corporate criminal liability is essential for operating ethically and successfully. As Vietnam’s economy continues to grow and integrate globally, the government has prioritized accountability in the corporate sector. Corporate criminal liability ensures enterprises are held responsible for misconduct conducted on their behalf, emphasizing the importance …
The Need for a Fintech Regulatory Sandbox in Vietnam The banking and financial sectors are undergoing a significant transformation as financial technology, or Fintech, reshapes traditional practices. In response, governments and regulatory bodies worldwide are exploring controlled environments to test new financial technologies. Vietnam does not want to be the outsider hence it is planning …
Starting an import-export business in a foreign country can be challenging, because the difference of cultures, business practice, lack of trusted partners, difficulties to hire. However, setting up an import export business in Vietnam offers exciting opportunities due to the country’s growing economy, strategic location, and booming trade sector. The following outlines nine powerful steps …
Vietnam has emerged as a preferred destination for foreign investors, driven by its dynamic economy, strategic location, and supportive government policies. Establishing a company in Vietnam offers opportunities amidst the global economic stagnation exacerbated by geopolitical tensions. With a young population, a growing middle-income working class, and abundant talent in information technology, Vietnam presents a …
Cryptocurrency has becoming a global phenomenon, but regulations on cryptocurrency exchange in Vietnam are still evolving. Unlike traditional currencies, issued by the State Bank of Vietnam (SBV), cryptocurrencies operate in a decentralized digital framework. However, the Vietnamese government has taken a strict stance on cryptocurrency in Vietnam, particularly regarding their exchange and use. In the …
Vietnam is rapidly advancing in the digital age, and with this growth comes the necessity to strengthen cybersecurity measures. The Draft Decree on Administrative Sanctions in the field of Cybersecurity for 2024 provides a robust framework for ensuring cybersecurity compliance in Vietnam. The following explores the key aspects of the decree, essential for businesses and …
The Illusion of Prestige Prestige. It sounds like quality. Experience. Trust. In the world of legal services, it promises more than just technical skill. It suggests that the lawyers you hire know what they are doing and will guide you confidently through uncertainty. But in reality, not everything labeled “prestigious” deserves your trust. In a …
On the afternoon of May 15, during the 33rd session of the Standing Committee of the Vietnam National Assembly, discussions were held on the approval of the United Kingdom’s (UK) accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This article highlights the procedures from Vietnam and UK’s accession to CPTPP. The Accession …
The rules are changing. Fast. Think of a situation that you have built some softwares: applications or platforms innovative. The users like it. Investors are watching. But now comes the hard part, staying legal in Vietnam. This might be too new hence things could get complicated. Partners ask for licenses. Customers want guarantees. And right …
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