Company in Vietnam lending to foreign company

Company in Vietnam lending to foreign company

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 […]

Business suspension of company

Business suspension of company

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 […]

Plan for legal education and legal support for enterprises in 2024.

Plan for legal education and legal support for enterprises in 2024.

On March 26, 2024, the Ministry of Construction issued Decision No. 156/QĐ-BTC on the promulgation of the Plan for legal education and legal support for enterprises in 2024. The objectives of the Plan are to: Enhance the effectiveness of state management, innovate organizational methods, contribute to making legal education and legal support for small and […]

Expanding the business services of the company with foreign investment

Expanding the business services of the company with foreign investment

Question Our company, with 100% investment from the Netherlands, is currently operating in Ho Chi Minh City. We are planning to expand our business activities in the field of providing employment services and payroll calculation. May I ask if we can expand the scope of business activities as mentioned above? Answer: Regarding the two business […]