Providing foreign loans in USD to Subsidiary companies

Question: A parent company in Vietnam intends to lend a sum of capital in US Dollars (USD) to its subsidiary in Hong Kong (an enterprise with the parent company’s capital contribution in the form of direct investment). What are the procedures, steps, and necessary documents required to carry out this loan?   Answer: Conditions for […]

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 […]

Legal Consequences of Failing to Conduct Mandatory Periodic Health Check-ups

Question: What administrative penalties will an enterprise face if it fails to organize periodic health check-ups for employees? Answer: When an enterprise fails to fulfill its obligation to organize periodic health check-ups for employees, direct financial risks will arise in the form of administrative monetary fines in accordance with Decree 12/2022/ND-CP. Specifically, the penalty framework […]

New tax policy for Vietnamese enterprise

New tax policy for Vietnamese enterprise

On 07 January 2013, the Government issued Resolution No. 02/NQ-CP introducing various measures to solve the corporate and business difficulties. Accordingly, Enterprises which registered the VAT under

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