Employer's liability for employee's misconduct
We are currently having the following incident, please help me research and advise on a solution: - On June 20, 2024, an employee of my company used too much force to the elevator control panel of the building where we rent an office, leading to it being cracked and damaged. - The Building Management Board […]
Dispute over a sales contract of goods prior to fulfilling obligations outside the contract
On April 26, 2024, the People's Court of H District, Bac Lieu Province issued Judgment No. 01/2024/KDTM-ST regarding a dispute over a sales contract of goods. The plaintiff is N1 One Member Limited Liability Company (N1 Company), represented by Mr. N under authorization from the company. The defendant is Võ Văn M, a business household. […]
Company in Vietnam lending to foreign company
Question: We plan to lend about 2 million USD to an affiliated company in the United States. We need legal advice on procedures, documentation, and related considerations. Answer: - According to Article 2, Clause 2 of Circular 37/2013/TT-NHNN, the condition for borrowing funds abroad is that the economic organization must obtain permission from the Prime […]
Regulations on Payment Agent Operations
On June 21, 2024, the State Bank of Vietnam issued Circular No. 07/2024/TT-NHNN concerning payment agent operations. Below are some noteworthy provisions of this Circular: 1. The principal assigns the payment agent to perform one or several of the following tasks: - Receive applications for opening payment accounts, verify customer identification information, forward it to […]
Approaches and Methods for Real Estate Valuation Applicable
On June 20, 2024, the Minister of Finance issued Circular No. 42/2024/TT-BTC on Vietnamese Valuation Standards for Real Estate Valuation. These standards provide guidelines for real estate valuation in accordance with the pricing laws. These standards do not apply to land valuation under land law. The approaches applied in real estate valuation include: - Market […]
08 Goods and Services Required to Register Standard Contracts and General Trading Conditions
On June 20, 2024, the Prime Minister issued Decision No. 07/2024/QĐ-TTg promulgating the List of Products, Goods, and Services that Must Register Standard Contracts and General Trading Conditions. Here are some notable points: 08 Products, Goods, and Services Required to Register Standard Contracts: - Provision of electricity for residential purposes; - Provision of residential […]
Applying Animal and Plant Quarantine Measures According to International Standards
On June 19, 2024, the Prime Minister issued Decision No. 534/QĐ-TTg approving the Project "Enhancing the Effectiveness of Implementing the Agreement on the Application of Sanitary and Phytosanitary Measures (SPS) of the World Trade Organization (WTO) and SPS Commitments within the Framework of Free Trade Agreements." The project aims to enhance Vietnam's capacity to fulfill […]
Enforcement of tax debt
On June 19, 2024, the General Department of Taxation issued Official Letter No. 2633/TCT-QLN addressing issues encountered during the implementation of tax debt enforcement through measures such as garnishing and freezing taxpayers' accounts. Regarding this matter, after consulting with relevant departments within the Ministry of Finance, the General Department of Taxation stated the following opinion: […]