Question: My Company is a US-based enterprise planning to transfer ownership of Company B - which is a first-tier subsidiary of my Company in Canada - to Company E. Under current law, Company C is a subsidiary of Company B in Vietnam and a second-tier subsidiary of my Company - has the responsibility to declare […]

Question: Our company would like to understand the current provisions of Vietnamese law regarding the components constituting wages and the mandatory contribution rates applicable to employers and employees, including: social insurance, health insurance, unemployment insurance, and other compulsory insurance schemes. Please specify the contribution rates for each party and the applicable legal basis.   Answer […]

Question: The fabric supplier is an FDI enterprise operating under the export processing model. During the process of exporting fabric materials to us, there arises a situation in which a quantity of goods is supplied free of charge (FOC goods). This FOC quantity was declared under an export declaration using the payment method "no payment." […]

Question: We are currently in the process of applying for the termination of the tax code validity in order to close our Ho Chi Minh City Branch. However, upon submission, the Tax Officer advised us to reconsider as the closure of the HCMC Branch may give rise to the following two issues: 1. Temporary exit […]

Question: Our company intends to establish a company in the United States and assign employees from Vietnam to work at the newly established entity. Kindly advise us on the legal procedures and requirements that must be fulfilled both in the United States and in Vietnam in order to achieve this objective. Answer Establishing a Company […]