Consultation on Conditions, Documentation, and Risks in Profit Distribution and Repatriation of Profits Abroad Question: What documents are required for profit distribution and overseas remittance of profits, and are there any potential risks? Answer:              1. Conditions for profit distribution and overseas remittance of profits a. Preparation of financial statements […]

Consultation on Implementation of New Investment Projects by Established Foreign-Invested Economic Organizations in Vietnam Question: Is it permissible for an existing economic organization to initiate a new investment project? What is the legal basis? Answer: A foreign-invested economic organization that has already been established in Vietnam may implement a new investment project without necessarily having […]

Legal Risks and Penalties Related to Capital Contribution Without Using a Direct Investment Capital Account in Vietnam Question: When establishing a project in Province Y, the investor made capital contributions—some were deposited into the investment capital account, while others were deposited into the payment account. Are there any risks involved in this, and what are […]

Legal risk assessment and penalties for terminating an investment project in Vietnam without notification Question: The Investment Registration Certificate for project code X has been issued but the project is currently inactive, and we need to close it. What risks might we face when winding up this project, and what penalties would apply? Please cite […]

Question: Foreign enterprises may establish a branch in Vietnam to conduct business activities. However, I would like to gain a clearer understanding of the legal requirements and procedural steps involved in establishing a branch under Vietnamese law.   Answer: According to Article 8 of Decree No. 07/2016/ND-CP, foreign businesses must meet the following conditions to […]