Imagine the thrill of seeing your cryptocurrency investments skyrocket, only to face the panic of a sudden market crash or unclear rules. For anyone with an interest in cryptocurrency in Vietnam, understanding crypto asset regulations is not just advisable—it is essential. It’s not merely about staying informed; it’s about staying ahead in a dynamic, fast-paced market. … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
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 … Read More
Labor law compliance is a fundamental aspect of running a business in any country, and Vietnam is no exception. The complexities of the legal framework surrounding labor in Vietnam require businesses to stay vigilant and informed. As the requirements grow, labor counsels in Vietnam play a more important role. Acting as the bridge between companies … Read More
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 … Read More
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