Introduction to the Extension of Time under Construction Contracts Time is of the Essence Construction contracts typically include a Time for Completion of Works[1], and the preparation of Extension of Time (EOT) Claims which plays a vital role when the Works are not completed within the stipulated Time for Completion of Works outlined in the…
Purchasing Property in Vietnam as a foreigner This clear and insightful Purchasing Property in Vietnam as a foreigner article is aimed to provide foreigners with the established comprehensive methods of purchasing property in Vietnam and ensure they select one that is most suitable for them. Who Are eligible Vietnam’s 2014 Law on Housing took effect…
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…
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 –…
Dear Valued Clients, We are very pleased because we have the best clients, the ones who make it possible for us to improve day after day, offering excellent quality services In the latest fashion and all this at an unbeatable price. On behalf of our company, we hope you get to celebrate Christmas along with…
Following the last successful training course in Saigon in December 2018, another FIDIC Contracts 1999 Training Course is to be held in Hanoi in January 2019 to meet the increasing demands from clients in the the Northern Vietnam. This course is aimed at providing participants comprehensive understanding, information, skill, and technique in managing a FIDIC…
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…
