The world is changing and changing fast. Yesterday’s solution may not work today. Hope clients find this insight helpful.
Nominated Subcontractor – NSC The Subcontractor/nominated Subcontractor means a partner and an essential part of the process of the Contractor performing the contract it signed with the employer. With its important role, the Subcontractor can support and facilitate the Contractor: Control costs and minimize (or allocate) risks during project implementation more easily. Access to large,…
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…
Introduction to construction contracts In this article, CNC will list the Construction Contracts issued since 2005 so that interested readers can refer to, and realize the development history as well as the positive points and limitations when using Construction Contracts in Vietnam. In addition, CNC also pointed out and pointed out the progress points of…
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 –…
