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Vietnam-Singapore trade and investment likely to flourish
07-07-2023 09:05
Is it feasible for Singaporean investors to invest all foreign capital in Vietnam’s market? How much time is required to open a bank account, the duration from preparing the application dossier to obtaining the licence? Is there a faster way to find local business partners?
The state of play in healthcare M&As
16-12-2022 11:40
Merger and acquisition moves are one of the more effective measures for foreign investors entering the Vietnamese medical and pharmaceutical industry, utilising available factories and inexpensive labour. Ngo Thanh Hai, Nguyen Dieu Quynh, and Le Anh Thu from LNT & Partners offers an overview of the factors and barriers involved when it comes to dealmaking in pharma.
Interpreting new real estate statutes
23-08-2021 09:20
Real estate funding is expected to increase further thanks to new rules on investment. Tran Thai Binh, Nguyen Thi Phuong Thao, and Tran Huong Giang at LNT & Partners analyse how the new rules can impact the market in the future.
Outlining fresh regulations on personal income tax
10-08-2021 15:00
New rules on personal income tax are expected to impact individuals, households, and also landlords from early August. Tran Thai Binh and Duong Thi Minh Han from law firm LNT & Partners analyse possible impacts on this subject in the market.
The keys to digital bank development
02-08-2021 15:27
With Industry 4.0 having a substantial impact on all aspects of the economy and social life, banks are forced to evolve at exponential speed to meet consumers’ needs. Vu Thanh Minh and Nguyen Dieu Linh, lawyers at LNT & Partners, write about digital transformation in the banking industry, and the future trends.
Important documents regulating bank guarantee
19-09-2015 11:11
On 25 June 2015, the State Bank of Vietnam issued Circular No. 07/2015/TT-NHNN on bank guarantee which is considered as one of the most important documents regulating bank guarantee applied to domestic credit organizations, branches of foreign banks for foreign customers. The Circular is to replace the previous one, namely Circular No. 28/2012/TT-NHNN on 03 October 2012 issued by the State Bank of Vietnam on bank guarantee.
Eyeing the pitfalls of arbitral awards
10-11-2014 15:11
Most legal jurisdictions recognise that employees within a company can sign a contract within the scope of their employment to bind the company to perform.
Stricter rules and centralised regulator for multi-level sales
15-09-2014 08:30
On May 14, the government issued Decree 42/2014/ND-CP regulating multi-level sales activities. Decree 42 took effect on July 1, 2014 and replaced Decree 110/2005/ND-CP. To detail certain provisions of Decree 42/2014/ND-CP, on July 30 the Ministry of Industry and Trade issued Circular 24/2014/TT-BCT, which will come into effect from September 15.
Key considerations for the revised draft bankruptcy law
11-06-2014 10:00
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
14-04-2014 13:09
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.
Voting and Attendance Ratios under Resolution
29-07-2013 15:15
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
26-07-2013 19:29
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 M&A procedures of foreign investors in domestic companies?
26-07-2013 19:21
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
26-07-2013 19:07
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
26-07-2013 18:57
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.
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