Legal updates

According to Decree 70/2023/ND-CP amending and supplementing a number of articles of Decree No. 152/2020/ND-CP dated 30 December 2020 of the Government regulating foreign workers working in Vietnam and recruiting and managing Vietnamese workers working for foreign organizations and individuals in Vietnam effective from September 18, 2023...

According to Vietnam's current regulations on electronic games, foreign online electronic game service providers must establish an enterprise in accordance with the provisions of the Law on Enterprises to provide services in Vietnam...

Capital for implementing investment projects is the capital that investors commit to contribute according to the regulations and the time limit recorded in the Investment Registration Certificate. During the operation of the project,...

Converting the loan into contributed capital means that the lender, instead of recovering the debt that has lent the company in cash, will take that receivable debt to "buy" the company's shares/contributed capital...

Pursuant to the Investment Law 2020 and Decree No. 29/2021/ND-CP stipulating on supervision and assessment of investment, the Investors/economic organizations implementing investment projects in Vietnam must submit the periodic reports related to investment projects...

After being granted the Investment Registration Certificate (“IRC”), the investor must contribute the full investment capital as registered to implement the project. Normally, the investment capital contribution period is 90 days from the date of...

Representative Office of foreign trader is obliged to submit annual report on activity to the headquarters of the licensing agency before January 30th of the following year...

Pursuant to Decree No. 70/2023/ND-CP dated September 18, 2023 of the Government amending and supplementing some articles of Decree No. 152/2020/ND-CP regulating foreign workers working in Vietnam, procedures for applying for a work permit for foreign workers is updated...

On September 18, 2023, Decree No. 70/2023/ND-CP officially took effect. Some new points remarkable according to Decree No. 70/2023/ND-CP are as follows:

Domestic enterprises are only allowed to recruit foreigners to work as managers, executives, experts and technical employees that Vietnamese employees cannot meet according to production and business needs...

Depending on the form, the enterprise must retain/keep at the headquarter (or another location prescribed in the company’s charter) the following documents

The State Bank of Vietnam has issued Circular No. 06/2019/TT-NHNN providing guidance on foreign exchange management for foreign direct investment activities in Vietnam. Accordingly, foreign investors and Vietnamese investors are allowed to ...