The world is changing and changing fast. Yesterday’s solution may not work today. Hope clients find this insight helpful.
How to Remit Profit from Vietnam to One’s Home Country? The remittance of profits abroad is an essential need for foreign investors in order to perform foreign investment activities in Vietnam. In order to transfer profit abroad, investors need to satisfy the conditions and procedures prescribed by law and relevant regulations. Unfortunately, these requirements are…
Hotel Management Agreement Along with the development of the tourism industry, today’s hotel management and operation units are able to cooperate more diversely with hotel owners to be able to develop (construction, management, operations) hotels more efficiently and effectively. Specifically, those units can: cooperate with hotel owners to develop a hotel or a chain of…
Nominee Structure Overview Nominee Structure is a new concept under the Vietnamese legal system, but this investment mechanism is commonly recognized and used in Vietnam. The Nominee Structure can be interpreted as a way under which a party (Nominee Party) is nominated or trusted to place a certain amount of money (tangible or intangible) from…
Land Opportunities to Invest in Saigon, Vietnam Without any doubt, under the law of Vietnam, no one can or will be landowner – no one can or will own land, Land ownership, even of a piece of land cannot be attained as land collectively belongs to all Vietnamese people. The law – Vietnamese law –…
Despite a number of significant efforts made by lawmakers throughout the entire 30 year of reforming the economy, foreign investors have never found setting up a company in Vietnam easy, both in term of cost and time. It requires sufficiently substantial paperwork to be submitted by investors to obtain the Investment Registration Certificate, and thereafter,…
Letter of Acceptance – What you need to know The meaning of Letter of Acceptance is similarly defined by Federation International de Consulting Engineers (“FIDIC”) in its publication of various standard forms of construction contracts. The Letter of Acceptance is understood to be “the letter of formal acceptance, signed by the Employer, of the Letter…
Vietnamese Legislators have put in significant efforts to bring up law provisions on enterprises so as to establish a necessary legal framework for individuals, organizations who desire to start doing business in Vietnam. The most obvious thing is the promulgation of the Law on Enterprises 2014 (effective from July 1st, 2015) which has expanded upon…
The increase in housing demand and extending policies of investment in construction and housing development in Vietnam, the business operations of housing compromises of buying off –the plan is the way moving forward. In Vietnam, the legal framework of buying off-the-plan housing transactions has recently grown considerably. It started by recognising pledge, mortgage transactions[1] of…
Foreigners and housing in Vietnam If you are an expat working or living in Vietnam for an extended period of time, and you do not have a clear understanding of the legal procedures pertaining to housing matter here in Vietnam, this article Vietnam law on foreign ownership of property – key changes will definitely help…
