ADOPTION REGISTRATION PROCEDURES
Question: My spouse and I have been close friends with another couple for over 30 years – not just friends, but truly like family. We were devastated to learn that both of our dear friends tragically passed away in a traffic accident during a family trip, leaving behind a young child with no relatives to care […]
LEGAL ISSUES RELATED TO EMPLOYEE LIABILITY FOR PROPERTY DAMAGE COMPENSATION
Currently, our company is encountering a situation involving an employee's liability for property damage compensation. Specifically, during the performance of work duties, an employee inadvertently caused damage to company property, resulting in an estimated loss of approximately VND 20,000,000. So in the event that an employee causes damage to the company's property, what are the […]
The Process of Dissolving a Foreign-Invested Company in Vietnam
Dissolving a foreign-invested company (FIC) in Vietnam is a complex legal process that requires strict compliance with legal regulations. To ensure a smooth and efficient process, obtaining support from legal professionals is crucial. This article provides an overview of the FIC dissolution process, based on the services offered by professional law firms. Key Stages of […]
Announcement of technical regulation conformity procedure for imported construction materials
Situation: I am currently the Director of Construction Company B, which produces and supplies construction materials. We are planning to import high-end tiles for construction and interior design. To ensure that the product complies with Vietnamese legal regulations, the administrative authorities require our company to conduct an Announcement of Technical Regulation Conformity for the product’s […]
Procedures for announcement of standard conformity for construction materials
Situation: We are Company A, a limited liability company specializing in importing and distributing construction materials. Currently, our company is preparing to introduce a line of high-end imported tiles to the market. Based on advice from a relative, to ensure compliance with current Vietnamese legal regulations, we want to carry out the procedures for announcing […]
Controlled testing mechanism in the Banking Sector
On April 29, 2025, the Government of Vietnam issued Decree 94/2025/ND-CP, providing for a regulatory sandbox in the banking sector. This Decree, effective as of July 1, 2025, establishes a legal framework that enables the controlled testing of financial technology (fintech) solutions in a strictly supervised environment. The primary objectives are to promote innovation, modernize […]
SB Law Ho Chi Minh City Welcomes Representatives of Zhuoxin Accountants Limited – Fostering Collaboration to Support Chinese Investors in Vietnam
On May 15, 2025, SB Law’s Ho Chi Minh City office had the pleasure of welcoming representatives from Zhuoxin Accountants Limited, a well-established and reputable firm specializing in accounting and business formation consultancy in China. Attending the meeting were Ms. Karen and Ms. Lancy from Zhuoxin, along with Mr. Dinh Hung Minh – Head of […]
Inquiry About LLC Registration for Small Café in Vietnam
Question: I hope this email finds you well. I am interested in establishing a limited liability company (LLC) in Vietnam to operate a small café and would like to inquire about your legal services for business registration. Could you please provide information on the following: 1. Registration Process: What are the key steps involved in […]
Consultation on Conditions, Documentation, and Risks in Profit Distribution and Repatriation of Profits Abroad
Consultation on Conditions, Documentation, and Risks in Profit Distribution and Repatriation of Profits Abroad Question: What documents are required for profit distribution and overseas remittance of profits, and are there any potential risks? Answer: 1. Conditions for profit distribution and overseas remittance of profits a. Preparation of financial statements […]