Review and registration of the Internal Labor Rule in accordance with Vietnam labor Law
On 18 June 2012, after many drafts and much discussion, the long-awaiting amended Labor Code has adopted by Vietnam National Assembly with a large number of notable changes regarding to labor management policy in Vietnam (hereinafter referred to as “New Labor Code”). At the moment (November 2013), the New Labor Code has come into effective […]
Regulation on maintenance and repair services of foreign invested company in Vietnam
Under Vietnam’s WTO Commitment, maintenance and repair of equipment (not including maritime vessels, aircraft or other transport equipment) shall be only fully opened to wholly foreign invested company (FIC) at beginning the year of 2013. Under Vietnam’s WTO Commitment, maintenance and repair of equipment (not including maritime vessels, aircraft or other transport equipment) shall be […]
Opening branch of foreign invested company in other city of Vietnam
It is possible for foreign invested company (FIC) to setup a Branch in other city of Vietnam. However, it should be noted that in order to run the Branch, FIC must appoint a person as a Director of such Branch. For ease of reference, hereinafter is an overview roadmap of licensing procedures for registration of […]
Registration of transaction office of foreign invested company in Hanoi
It is possible for foreign invested company (FIC) to register a transaction office in Hanoi. However, it should be noted that in order to run the Transaction Office, FIC must appoint a person as a Chief of such Transaction Office. For ease of reference, hereinafter is an overview roadmap of licensing procedures for registration of […]
Law on exportation right of goods of foreign investor in Vietnam
Under Current Vietnam Law on importation and exportation of foreign investor, Vietnam grant exportation rights to (i) Foreign Companies duly established and operating in foreign countries not having commercial representative (i.e. representative office or branch) in Vietnam and (ii) Foreign Invested Company. Having also checked legal instruments regulating on operation of Representative Office and/or Branch […]
Is it possible to set up a a foreign invested company in Ho Chi Minh City to provide trade promotion and management consultation services?
If the foreign investor would like to set up a foreign invested company in Ho Chi Minh City (hereinafter referred to as the “NewCo”) to provide trade promotion and management consultation service, SB Law would like to have some comments as follows: It is possible for foreign investor to setup the NewCo in Ho Chi […]
Termination labour contracts of redundant employees due to organizational restructure in Vietnamese company
In case foreign invested company in Vietnam (FIC) shall have to consider terminating employment of a number of redundant employees due to organizational restructure. Under Vietnam Labour Law, this shall be considered as labour contract termination for the reasons of restructuring of company business. Thus, due to the complicated nature of the work, labour matters […]
Foreign Investment in Logistics Sector in Vietnam
Logistic services under Vietnamese law, are the commercial activities whereby traders/enterprises organize the performance of one or many jobs including reception, transportation, warehousing, yard storage of cargos, completion of customs procedures and other formalities and paperwork, provision of consultancy to customers, services of packaging, marking, delivery of goods or other services related to goods according […]
Direct and indirect 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. Since 1st January 2009, Vietnam has […]