Requirements and Procedures for Establishing a Foreign Law Firm in Vietnam
Question: We are a law firm established and currently operating in South Korea. To expand our market, we plan to invest in setting up a law firm in Vietnam. I would like to ask what conditions we need to meet, what procedures we need to follow, and whether our law firm in Vietnam can represent […]
Conditions and Procedures for E-commerce Websites and Applications to Operate in Vietnam
Question: We are a company with 100% foreign capital. We currently own a sales e-commerce platform including 01 website and 01 application for the purpose of allowing customers to order and pay. Check out the air conditioning products that we distribute. We want to know whether these websites and applications have been allowed to operate […]
Applying for a License to Operate a Social Media Platform in the Financial Sector?
Question: Our company is a foreign-invested enterprise established in Vietnam, and we are planning to operate a social media platform in the financial sector. Do we need to apply for any licenses for this activity? Answer: According to Clause 6, Article 24 of Decree 147/2024/ND-CP: “Agencies, organizations, and enterprises in Vietnam are only allowed to […]
Submitting Union Fees for Foreign Workers?
Question: Our company employs both Vietnamese and foreign workers. I would like to ask whether our company is required to pay trade union fees for foreign workers. Answer: Under the Charter of the Vietnam General Confederation of Labour and Section 3.2 of Guidance No. 03/HD-TLĐ dated February 20, 2020, issued by the Vietnam General Confederation […]
Do Companies with Capital Under 3 Billion Need to Hire a Chief Accountant?
Question: The client is a foreign-invested trading company with a total investment capital of less than 3 billion VND and 2 employees. The question is whether the company is required to hire a Chief Accountant. If required, what are the procedures, requirements, and conditions for hiring one? Answer: Obligation to Appoint a Chief Accountant Based […]