Grant Thornton looks at the process of opening a representative office in Vietnam and explains why a foreign business may encounter difficulties when deciding to close its office. It seems to be quite a simple business model to establish, run, and manage, with minimum costs. However is this assumption actually valid?
In recent months, the Government has published the draft Land Law 2023 and asked for public comments. In March 2023, Venture North Law submitted to the Ministry of Natural Resources and Environment our comments to the draft . The comments are contributed by Nguyen Quang Vu, Nguyen Bich Ngoc, Nguyen Hoang Duong and Ha Kieu Anh. 200 pages long.
DFDL analyses FDI in Vietnam supply chain activities in light of market changes regarding China - specifically: (i) FDI from China into Vietnam supply chain sector; (ii) Vietnam as an alternative to China for FDI into supply chain opportunities; (iii) Vietnam supply chain market trends; and more.
Many educational institutions provide online courses to Vietnamese students, raising the issue of whether virtual learning is subject to Vietnam tax, and how to make a tax declaration and tax payment. This article discusses the tax regulations and tax filing requirements for overseas educational institutions in Vietnam.
This guide provides an overview of Thailand’s tax laws, the latest tax updates, and industry sector-specific taxes.
Cambodian law allows for two (2) forms of limited liability company: private limited company and public limited company. This article discusses the key differences between the two corporate forms, including board composition, the power of boards, duties of directors, meetings, committees, and corporate secretaries.
In this newsletter: 1) VAT reduction, 2) Insurance business and foreign investors, 3) Registering asset-based security, 4) Raw materials, supplies and components for the production of IT products, digital content and software may be exempt from import duty, and 5) Prominent legal instruments take effect from February 2023.
Decree 53, on the Law On Cybersecurity sheds light on some of the hotly debated requirements under the Law, such as data localisation and local presence requirements. Similar to the Law on Cybersecurity, the scope of application under Decree 53 is extended to not only local entities but also foreign entities.
In this publication, we summarize the main differences in the recognition of sales revenue, and specific situations in the cases of businesses selling through different sales channels, including sales programs. sales promotion.
Vietnam’s updated merger control regime took effect from 15 May 2020. The regime substantially expands the scope of transactions subject to the merger filing requirement, capturing more M&A transactions in Vietnam and offshore.
This guide will bring helpful information to foreign investors, particularly those who consider starting their business in Vietnam. The guide mainly consists of the latest insights on a brief overview of Vietnam’s economy, key sectors for investment, compliance matters in terms of entity formation, accounting, tax, and labour perspectives in Vietnam.
The Ministry of Natural Resources and Environment has recently issued the Draft Land Law (amended) for public comments to overcome the shortcomings and limitations of the Land Law 2013, and at the same time, add new policies to adjust some issues arising in reality.
When setting up a company, the founding shareholders often ignore the conclusion of a founders’ agreement. This article discusses some issues founders should clarify in a Founders Agreement regarding dispensable disputes.
The Vietnamese Government has issued the new Decree 65 governing the offering and trading of privately issued corporate bonds. In this article, we examine the key features of the decree and outline how they differ from the existing Decree 153 on corporate bonds.
Whilst Cambodia promulgated its Insolvency Law in 2007, actual use of the law to date has been limited. However, the Law does provide the rules and framework for insolvency proceedings and governs both foreign and domestic business people and legal entities that own assets in the Kingdom of Cambodia.
The Law on Competition came into force in October 2021 and governs any activities that prevent, restrict or distort competition, and establishes and determines the authority of the Cambodia Competition Commission (“CCC”). This article summarises key points in the law.
According to Article 4.37 of Law on Securities 2019, a securities investment fund is a fund established through capital contribution by investors to make investment in securities or other assets, including real estate.
In this Insight, we give an overview of ESG and the legal landscape in Vietnam and examine the key legal considerations for each of the three pillars of ESG.
The Myanmar Food and Drug Board of Authority ("FDA") has issued a notification on labeling standards for pre-packaged foods, followed by two directives detailing the criteria for edibles that do not require a date of production and for a revised classification of edible products.
Currently, there are no specific regulations concerning the issuance of Stock Options for a Company’s employees in the Law on Enterprises 2020 and the Law on Securities 2019. This article discusses stock options, their issuance, the process, exercising stock options, and other key matters.
Important Vietnamese legal terms can be looked up, with the corresponding term in the other language presented (Vietnamese <-> English). Very helpful resource for those professionals working in both languages
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