The world is changing and changing fast. Yesterday’s solution may not work today. Hope clients find this insight helpful.
Risks in Construction Contracts Risks in Construction Contracts take a variety of forms, including risks of changes in the legal framework, risks of changes in rates, risks of changes in costs, and classification of investment project management. This “Risks in Construction Contracts” article shall focus on the analysis and clarification of relevant aspects and 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…
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…
