New regulation about trade union in Vietnam
Under the new regulation in the Vietnam Labor Code, from 10 January 2014, the Employer is to contribute 2% of total salary funds based to pay social insurance to Trade Union Dues. This amount must be contributed to Trade Union every month at the same time of paying Social Insurance. - See more at: https://sblaw.vn/entry/new-regulation-about-trade-union-in-vietnam#sthash.PMp3O0wp.dpuf
Updated news on Lunar New Year 2014 Holiday in Vietnam
Based on proposal of Minister of Traffic and Transportation, the Prime Minister has just approved that the Lunar New Year Holiday shall be from 28 January 2014 to 5 February 2014. However, one Saturday before the Lunar New Year Holiday (25 January 2014) and another one after the Lunar New Year Holiday (8 February 2014) […]
New rate of corporate income tax in Vietnam
The Circular 141/2013/TT-BTC of Ministry of Commerce, which comes into effect from November 30, 2013, states that the companies established under Vietnam’s law, including cooperatives, public service agencies of which annual revenues does not exceed 20 billion VND shall enjoy corporate income tax rate of 20% from July 01, 2013. The new companies that are […]
Fee of filing National Phase entry Vietnam patent application.
Fee of patent filing in Vietnam nearly depends on translation fee, number of independent claims, and length of Vietnamese specification. When clients would like to file national phase entry Vietnam patent application, they will be charged with following fee: 1. Filing patent application - Additional fee for pages from 6th one - Additional fee for each […]
Establishing representative office in Da Nang City, Vietnam
We would like to provide some information on possibilities of establishing representative office in Da Nang City, Vietnam as follows: SPECIFIC QUERIES ON SETTING UP A REPRESENTATIVE OFFICE IN DA NANG CITY, VIETNAM. 1. Establishment of a representative office in Vietnam. Under Decree No.72/2006/ND-CP dated July 25th, 2006 of Vietnam Government detailing Trade Law’s regulations […]
Establishment of a representative office in China
The Vietnam Company has intention to set up arepresentative office (hereinafter referred to as the “RO”) in China,we would like to provide some information as follows: Pursuant to Decree No. 48/1999/ND-CP of July 8, 1999 prescribing domestic and overseas representative offices and branches of Vietnamese traders and tourist enterprises, traders being enterprises of all economic […]
Company formation in Ba Ria Vung Tau, Vietnam
We would like to provide legal advices on possibilities of formation of wholly foreign invested company in Ba Ria – Vung Tau Province, Vietnam (hereinafter referred to as “NewCo”) in field of exporting stones as follows: I. BRIEF SUMMARY OF BACKGROUND According to Vietnam Law on Investment and Vietnam WTO’s Commitments, it is possible to […]
Establishment of Branch of Foreign Invested Company in Ho Chi Minh City
According to Vietnam Law on Investment and Law on Enterprises, it is possible that a company having foreign invested capital to open a branch in other provinces (Ho Chi Minh City) so that we do believe we can support well your business. However, we would like to note that during the licensing process, the competent […]
Alternative dispute resolution and applicable law in international trade contract
Apart from the lawsuit, the parties can select one of the forms of alternative dispute resolution specified in the Vietnam Law on Trade as follow: - Negotiations between the parties; - Conciliation between the parties by organization or individual selected by the parties to act as the conciliation mediator; - Resolution by the Arbitration. When […]