Impact of increasing base salary to 2,530,000 vnd on Enterprises from Jul 01 2026

Question: “ How will the increase of the base salary level to 2,530,000 VND/month from July 01, 2026 under Decree 161/2026/ND-CP impact private enterprises, especially entities having contracts for provision of services to the public sector or having wage scales/tables referenced to the base salary?”   Answer: Although the direct subject of regulation of the […]

Addition of Nightclub (Bar) Service Business lines and Application for Sub-Licenses

Question: Our company is currently operating in the field of commercial and service business. We intend to expand into the nightclub (bar) sector, providing alcoholic beverages and hosting DJ music events. What business lines must we add to our company registration, and what licenses or permits are required to operate legally?   Answer: Based on […]

IS IT NECESSARY TO SIGN NEW EMPLOYMENT CONTRACTS AFTER A CORPORATE MERGER?

Question After a company is merged or consolidated with another company, do the existing employment contracts remain valid, or must the successor company sign new employment contracts with its employees? Answer Under the Vietnamese Labor Code 2019, a merger or consolidation of enterprises does not automatically terminate existing employment contracts. The successor employer is responsible […]

WHAT PROCEDURES MUST AN EMPLOYER FOLLOW WHEN REDUCING ITS WORKFORCE DUE TO CORPORATE RESTRUCTURING?

Question What procedures must an employer follow when terminating employment contracts due to organizational restructuring, technological changes, or economic reasons? Answer Under Article 42 of the Labor Code 2019, an employer may terminate employment contracts in cases of organizational restructuring, technological changes, or economic reasons. However, such termination is only lawful if the employer fully […]

International Cooperation

Formation company in Vietnam

Question: Please explain us how to incorporate Ltd. company in Vietnam. Price and term? Shareholders will be non residents of Vietnam. Do you have nominal Vietnam

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