Consultation on conditional business sectors for foreign investors

Question: Our company is a wholly foreign-owned enterprise and is currently planning to cooperate with a Vietnamese company to jointly invest in and operate a nursing home providing elderly care services. May I ask whether the current laws of Vietnam allow foreign companies to participate in this field?  Answer: According to Appendix I on the […]

Consultation on division of property upon divorce

Question: Before marriage, my father gave me a car registered under my name. During the marriage, since I did not use the car, I leased it out and generated income from the lease. Now, upon divorce, my husband is requesting a share of the rental income. May I ask whether this request is legally recognized? […]

Consultation on bank loans secured by valuable papers

Question: Our company plans to borrow capital from the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) to invest in production and business. To secure the loan, the company intends to pledge all shares of the Vietnam Aircraft Leasing Joint Stock Company – an affiliated company of the Joint Stock Commercial Bank […]

Should probation terms be included in the official labor contract?

Our company is currently recruiting for the position of Sales Executive, which requires a probation period of two months. To save time, we intend to sign an official labor contract right away, in which the probation period and relevant terms will be clearly stated. Are we allowed to combine the probation content within the labor […]

ECONOMIC STRENGTH

Vietnam remains one of the fastest-growing Asian economies with high GDP growth in recent years, based on the power of FDI & the private sector.

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TAXATION & CUSTOMS

D.1 Corporate Income Tax (CIT) CIT rates One uniform income tax regime is applied to both foreign-owned and domestic companies.  Taxpayers are subject to tax

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FDI INCENTIVES

What are forms of investment incentives? Investment incentives are provided in the following forms: 1.1. lower tax rates for whole duration of investment term or

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Business cost

I-Starting a Business No. Procedure Associated Costs 1 Check the proposed company name; obtain a business registration certificate as well as a tax registration certificate

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