key considerations for the revised draft bankruptcy law

Key considerations for the revised draft bankruptcy law

As investor interest in Vietnam continues to grow amidst the government’s liberalisation of the country’s market, it has become crucial that its commercial laws have their bundles of red tape slashed, including procedures concerning insolvency and bankruptcy.
customs rapped over vague tax bills for fdi firms

Customs rapped over vague tax bills for FDI firms

Since early 2013, the General Department of Taxation has been inspecting foreign invested enterprises operating in Vietnam, especially processing and manufacturing enterprises operating in industrial zones. After each inspection, a majority of enterprises were told they owed outstanding tax arrears. The amount of tax imposed on each enterprise has reached up to hundreds of billions of Vietnam dong.
is commerical mediation a face saver

Is commerical mediation a face saver?

As the International Chamber of Commerce (ICC) gets set to hold its regional conferences in March to launch its new ICC Mediation Rules, it is now more pertinent than ever that Vietnam’s business community are aware that when it comes to resolving commercial disputes, there are far cheaper, quicker and more amicable options than simply going to court or arbitration, writes Logan Leung from LNT & Partners
tender law offers value for contractors money

Tender law offers value for contractors’ money

The National Assembly on November 26, 2013 adopted the Law on Tendering [refered to in VIR#1155 as the Law on Public Procurement], which is expected to encourage a more competitive environment for government bid packages. Le Net and Thai Huynh Ngoc Kim Ngan at LNT & Partners take some highlights.
lnt partners lands another magic circle of attorney

LNT & Partners lands another ‘magic circle’ of attorney

Continuing its string of successful partner recruitment, LNT & Partners (“LNT”) today announced the appointment of Bui Ngoc Hong as its corporate law partner.
whats stopping japanese mas

What’s stopping Japanese M&As?

Fully armed with giant financial fire-power, Japanese firms are tailor-made to become active players in Vietnam’s M&A market. However, LNT & Partners’ lawyers Hoang Nguyen Ha Quyen and Nguyen Xuan Thuy reveal that a number of obstacles have prevented them from meeting their full potential.
in the market for a fair price regime

In the market for a fair price regime

On June 20, 2012 the National Assembly voted to adopt the Law on Price (the “LOP”) in response to the public demand for an effective legal framework to control price manipulation from dominant enterprises in the gasoline and electricity sectors. LNT & Partners Nguyen Anh Tuan describes the law’s main features and provides some insights into its potential impacts on the Vietnamese economy.
the opportunity cost of retailing

The opportunity cost of retailing

While many foreign investors are looking to expand businesses in Vietnam’s retailing market, they are advised to pay attention to regulations drafted by the Ministry of Industry and Trade (MoIT), writes Hoang Nguyen Ha Quyen, partner at LNT & Partners.
ma in vietnam

M&A in Vietnam

M&A transactions in Vietnam have seen steady growth from 2003, fostering the country as a potential hub for economic activity which has seen strong development in recent years, particularly after Vietnam officially became a member of the World Trade Organization (WTO), writes Hoang Nguyen Ha Quyen, Nguyen Anh Tuan & Nguyen Xuan Thuy, LNT & Partners.
vietnam legal briefing no4volume 62013

Vietnam Legal Briefing No.4.Volume 6.2013

Vietnam Legal Briefing is the monthly publication by LNT & Partners which continues Legal Alerts of AGZI LCT started from 2008. This publication is dedicated to provide important features and updates of court news and key legislation that impact investment and business of investors in Vietnam.
voting and attendance ratios under resolution

Voting and Attendance Ratios under Resolution

December does not simply signify the arrival of the Holiday season – it is also the time when companies inevitably begin to prepare for their annual meetings.
new rules on remittances of profits overseas

New rules on remittances of profits overseas

Regulations restricting remittances of profit overseas are of considerable concern to foreign investors. Which makes it surprising that no new regulations have been issued to govern this topic since the approval of the Law on Investment back in 2005 – leading to a situation of "new law, old guidance".
what is the solution for ma procedures of foreign investors in domestic companies

What is the solution for M&A procedures of foreign investors in domestic companies?

The Government has recently finalised its long-anticipated considerations to amending Decree No. 108/2006/ND-CP which was promulgated almost six years ago in September 2006 in a bid to further clarify provisions under the Law on Investment. Most of these amendments have already been submitted to the Government by the Ministry of Planning and Investment (“MPI”), with only three unconfirmed matters remaining, awaiting the scrutiny of the Government.
insuring the insurance market gets in order

Insuring the insurance market gets in order

On February 15, 2012, new regulations on insurance sector business activities came into effect under Decree No.123/2011/ND-CP (“Decree 123”) detailing the Law on Amendments to the Law on Insurance Business being effective from July 2011.
foreign distributors face hurdles

Foreign distributors face hurdles

On January 1, 2009, the restrictions on foreign investment in retail distribution were lifted pursuant to Viet Nam's commitments to the World Trade Organization. In reality, however, there remain a number of obstacles to foreigners seeking to invest in this sector.