On September 12, 2024, the Government Office issued Official Dispatch 6532/VPCP-KSTT 2024 regarding comments on the plan for simplifying business regulations. Regarding the Draft Plan: The draft plan proposes a reduction and simplification of 69 out of 642 business regulations (10.75%) under the management functions of the Ministry of Industry and Trade, across 24 legal […]

1. What is the current procedure for changing the legal representative of Company? Step Description Execution Venue Duration Documents Fees Legal Basis Notes Step 1: Terminating the labor contract with former legal representative Company agreed to terminate the labor contract with former legal representative Internal N/A Termination Agreement N/A Clause 3, Article 34 of the […]

Question: We plan to lend about 2 million USD to an affiliated company in the United States. We need legal advice on procedures, documentation, and related considerations. Answer: - According to Article 2, Clause 2 of Circular 37/2013/TT-NHNN, the condition for borrowing funds abroad is that the economic organization must obtain permission from the Prime […]

Question: My company needs to suspend the business for some reasons and intends to do so before August 2024. I would like to receive advice on the procedure and documentation required to request a suspension of business activities. During this period, do we still need to pay taxes and submit tax declaration dossiers? Answer: Business […]

On July 26, 2023, the People's Court of Ho Chi Minh City announced Judgment No. 1255/2023/KDTM-ST on the dispute over the share transfer contract. The content of the dispute is as follows: On January 22, 2018, Ms. Th signed a contract to receive common shares with Mr. T, who was a founding shareholder and also […]