Investment Capital for formation of foreign company in Vietnam
Generally, there is no requirement for minimum investment capital for incorporating a company in Vietnam, except for the conditional investment sectors or business lines. Nevertheless, for smooth process of Investment Certificate, it is advisable that foreign investorexhibits enough capital resources to successfully realize the business goals that would be set out in the Investment Certificate. […]
The legal framework of foreign Investment in Vietnam
The legal framework of Vietnam is largely favorable to both foreign and local investors after Vietnam’s accession to the World Trade Organization (WTO) on 11th January 2007. Both the Investment Law and the Law on Enterprises create a more favorable and clearer legal framework for doing business in Vietnam. The legal framework of Vietnam is […]
More than 80 of the population will enjoy health insurance by 2020
This is one of the target of the Strategy on development of Vietnam’s social insurance sector through 2020 approved by the Government in Decision No. 1215/QD-TTg of July 23, 2013. Accordingly, social insurance and health insurance are two important social policies and the main pillar of the social security system that must be gradually expanded […]
To change the duration of continuous training in health sector
On August 9, 2013, the Ministry of Health issued Circular No. 22/2013/TT-BYT on guiding on continuous training in health sector. Accordingly, the remarkable regulation details the duration of continuous training for medical officers. Specifically, the medical officers, who have been granted certificate of practice and are practicing in medical examination and treatment, have obligation to […]
To prolong the loaning duration of export credit up to maximum 36 months for coffee
This content is regulated in Decree 133/2013/ND-CP dated October 17, 2013 of the Government on amending and supplementing the Decree No. 54/2013/ND-CP DATED MAY 22, 2013 and on supplementing the Government’s Decree No. 75/2011/ND-CP dated August 30, 2013 on State’s investment credit and export credit. In this Decree, the Government decided to prolong the maximum […]
To give instructions of registration fee before transferring automobiles with diplomatic number plate
On October 14, 2013, the Ministry of Finance issued Circular No. 140/2013/TT-BTC on amending and supplementing the Circular No. 34/2013/TT-BTC dated March 28, 2013 of the Ministry of Finance which details the registration fee. Accordingly, for automobiles bearing diplomatic number plate, foreign number plate and international number plate specified in Clause 2 Article 4 of […]
Fine up to vnd 30 million to act of violating regulations on marriage brokerage
Decree No. 110/2013/ND-CP dated of September 24th, 2013 of the Government on regulating sanction of administrative violation in the field of judicial assistance, judicial administration, marriage and family, civil judgment enforcement, enterprise and cooperative bankruptcy. Accordingly, some remarkable regulations on the sanction level are applied to violations of birth registration, marriage registration, marriage brokerage, ethnics […]
What is the difference between arbitration and conciliation?
For arbitration, the parties shall select arbitrators. The selected arbitrators then shall resolve the dispute and render an arbitration award which is final and binding. For conciliation, a third party shall play the role of a conciliator helping the parties to resolve dispute through negotiation. The conciliator is not allowed to directly resolve the dispute and render a decision, […]
Could foreign Investor set up a travel company in Vietnam?
(S&B Law) Vietnam is a potential travel market for foreign investor. However, the question is that they can set up it in Vietnam and have any limitation. The lawyer of S&B Law advised this matter as follows: Regarding to foreign investor’s demand on setting up a travel and tour company in Vietnam, it is advised that under […]