World Bank Group: World Bank to Support Vietnam’s Reforms to Gain Economic Competitiveness
The World Bank Board of directors today approved the first Economic Management and Competitiveness Credit for Vietnam, EMCC 1, to help the country with economic management reforms for higher productivity and competitiveness. The EMCC 1, the first of a series of three operations, provides $ 250 million concessional financing to support reforms in seven policy […]
Foreign investors eye city's metro lines
The metro projects 3a, 3b, 4 and 6 in HCM City have caught the attention of many foreign investors, according to the HCM City Management Authority for Urban Railways. The city plans to develop seven metro lines from now to 2020. Except Metro Line No. 1 (Ben Thanh-Suoi Tien) and Metro Line No. 2 (Ben […]
Experience of SB Law in the field of foreign investment consultancy
With a strong team of more than 30 lawyers functioning under the leadership and guidance of the six partners, who have to their individual credit a strong background and exposure to a wide variety of corporate and commercial practice and intellectual property rights practice spanning for a decade, SBLAW has leveraged this experience and the […]
Multi Level Marketing Sale company in Vietnam
(SB Law) Foreign investor intends to setup a Wholly Foreign Invested Company (hereinafter referred to as “New Co”) in Vietnam to conduct with trading of products under the Multi Level Marketing Sale (MLM), they have to meet the following these below legal procedures: 1. Obtainment of Investment Certificate Under Vietnam Law, in order to setup […]
Setting up a representative office of foreign tourist companies in Vietnam
Under Vietnamese laws on Tourism, in order to set up representative office in Vietnam, a foreign tourist company should satisfy following conditions: - Being recognized as legal entities by countries or territories of business registration; - Having business tourism activities operated for no less than 01 year since legal establishment or valid business registration in […]
Property market remains in a fix
The property market remains gloomy and requires combined efforts by relevant players, including a restructure of investments by developers to recover, analysts said. Le Hoang Chau, chairman of the HCM City Real Estate Association, said the large inventory and bad debts by property companies are the most serious problems."To resolve them, developers must first of […]
Government to reduce corporate income tax
A proposal to reduce corporate income taxes was raised during a discussion about amendments in the Corporate Income Tax Law on March 18.Currently, a flat 25 percent income tax rate is applied to businesses of all types. The NA Finance and Budget Committee suggested that there be a tax reduction schedule through the year 2020 […]
Vietnam Issues Circular Guiding Establishment of ETFs
The Ministry of Finance has issued Circular 229/2012/TT-BTC guiding establishment and management of Exchange-traded fund, the document will become effective from September 1, 2013.ETF share will have par value of VND10,000 each and its minimum trading unit (creation unit) is 100,000 shares, used for portfolio swap among ETFs and founding members, investors. For stock index […]
Legal consultancy service on drafting an employment contract under the Vietnam Labor Law
When a foreign client now willing to engage on a legal consultancy on drafting an employment contract. SBLAW is qualified for above mentioned requirements and is willing to advise Client regarding the above matter. The scope of services provided by SBLAW to Client as follows: i. Advice for Client all questions relating to the employment […]