Question: We are a company with 100% foreign capital. We currently own a sales e-commerce platform including 01 website and 01 application for the purpose of allowing customers to order and pay. Check out the air conditioning products that we distribute. We want to know whether these websites and applications have been allowed to operate […]
Question: Our company is a foreign-invested enterprise established in Vietnam, and we are planning to operate a social media platform in the financial sector. Do we need to apply for any licenses for this activity? Answer: According to Clause 6, Article 24 of Decree 147/2024/ND-CP: “Agencies, organizations, and enterprises in Vietnam are only allowed to […]
Question: Our company employs both Vietnamese and foreign workers. I would like to ask whether our company is required to pay trade union fees for foreign workers. Answer: Under the Charter of the Vietnam General Confederation of Labour and Section 3.2 of Guidance No. 03/HD-TLĐ dated February 20, 2020, issued by the Vietnam General Confederation […]
Question: The client is a foreign-invested trading company with a total investment capital of less than 3 billion VND and 2 employees. The question is whether the company is required to hire a Chief Accountant. If required, what are the procedures, requirements, and conditions for hiring one? Answer: Obligation to Appoint a Chief Accountant Based […]
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Please provide some information about the arbitration fees of VIAC.
According to the website of the Vietnam International Arbitration Centre (VIAC) at the Vietnam Chamber of Comerce and Industry, since January 1st 2012, VIAC will
Are parties required to select arbitrators within the list of arbitrators of VIAC when the dispute was agreed to be settled in accordance with the Rules of Arbitration of VIAC?
According to the Rules of Arbitration of VIAC, Parties are required to appoint arbitrators within the list of arbitrator of VIAC to resolve disputes without
Could parties submit a petition to the court while they have already agreed upon an arbitration agreement?
No, they could not. According to Article 6 of The Arbitration Law 2010, where the parties in dispute already have an arbitration agreement but one
What contents should be contained in the arbitration agreement?
The content of the arbitration agreement should be simple but accurate, the following contents are highly recommended: - Type of arbitration (Institutional arbitration or Ad
How many arbitration centres are there in Vietnam?
There are currently 7 arbitration centres in Vietnam, namely: 1) The Vietnam International Arbitration Centre at the Vietnam Chamber of Commerce and Industry (VIAC) Address:
How to choose arbitration for dispute resolution?
A dispute can only be brought to arbitration if there exist an arbitration agreement between the parties. An arbitration agreement may be in the form
What is the advantages of arbitration?
First, arbitration is flexible and independent of the court. During the process of arbitration proceedings, parties are free to appoint arbitrators and agree upon the procedure
Which disputes can be resolved by arbitration?
According to Article 2 of The Law on Commercial Arbitration of Vietnam in 2010 (hereinafter “The Arbitration Law 2010”), arbitration has competence in resolving the following disputes:
What is Commercial Arbitration?
Commercial Arbitration is a method to resolve disputes arising from commercial activities agreed by the parties and conducted in accordance with the provisions of law. The