Minimum price level loading and unloading services at Cai Mep - Thi Vai port is USD 29 per container
On July 15, 2013, the Ministry of Finance signs the Decision No. 1661/QD-BTC issuing the minimum price level or load and unload container services at Cai Mep – Thi Vai deep water port, Ba Ria – Vung Tau province. In accordance with this Decision, the Ministry of Finance promulgate the minimum level of price of […]
Apply VAT tax rate of 5% for purchasing social houses from july, 01
This is the guidance at the Decree No. 92/2013/ND-CP dated August 13, 2013 of the Government guiding the implementation of some articles taking effect on July 01, 2013 of the Law on amending and supplementing some articles of the Law on Enterprise Income Tax and the Law on amending and supplementing some articles of the […]
Price appraisers must have at least 3 years of experience
This is a compulsory standard suggested by the Government at the Decree No. 89/2013/ND-CP promulgating the implementation of some articles of the Law on Price on price appraisal. Accordingly, Price appraisers must satisfy 06 criteria as follows: having civil act capacity; having ethical qualities, integrity, being honest and objective; graduated university, post-university specialized in price, […]
Legal service for setting up and operating company in Vietnam
S&B Law assisted a large number of Clients in setting up and operating foreign owned companies in Vietnam including but not limited to IBM, ICBC, LG Electronic, Esco Global, Bridge Minds Consulting, Inovar Floor, Smartebook.com, DSM, Taixin, Ascott, Nikken etc.. Our services for setting up foreign invested company in Vietnam shall be as follows: (i) […]
Vietnam company registration for financial management consulting services
According to Vietnam-WTO Commitments, foreign investor is allowed to setup foreign owned company in Vietnam to provide financial management consulting services (CPC 89502). This service shall include advisory, guidance and operational assistance services concerning decision areas which are financial in nature, such as working capital and liquidity management, determination of an appropriate capital structure, analysis […]
Acquisition of enterprise in Vietnam
It is our understanding that you intend to directly or in-directly acquire an enterprise in Vietnam, we can provide you a general introduction of M&A in Vietnam for your kind reference. In Vietnam, there is no single law governing M&A. However, since the enactment of the Law on Enterprises and the Law on Investments in […]
Change of legal representative of company in Vietnam
Under Vietnam Enterprise Law, Legal Representativemust reside in Vietnam. Therefore, in case, the New Legal Representative of the Company is a foreigner, the Company must provide sufficient documents to prove that he/she satisfies this condition of Vietnam Law. In order to show that the New Legal Representative of the Company satisfies the condition of residence […]
Setting up a trading company in Ho Chi Minh City
In case client would like to set up a foreign invested trading company (hereinafter referred to as the “NewCo”) in Ho Chi Minh City, we would like to provide some information as follows: 1. Executive Summary about Vietnam law on Investment. Under Vietnam Law on Investment, in order to obtain an Investment Certificate for establishment […]
Some notes for Investment Capital in the Vietnam project
Generally, except for several conditional investment sector such as real estate, finance and banking, education and trainings, there is no requirement for minimum investment capital. However, foreign investor must have enough capital resources to successfully realise the business goals set out in the Investment Certificate. Investment Capital stated in the Investment Certificate shall include Equity […]