With the enforcement of the Government's Resolution 02 regarding “The continuation of performing the main tasks and solutions to improve the business environment and improve national competitiveness by 2021”, foreign investment in Vietnam has experienced positive change, creating a positive sentiment in the early months of 2021. According to the report of the Ministry of Planning and Investment, as of November 20, 2020, the total newly registered capital, adjusted capital, contributed capital, and purchased shares of foreign investors reached 26.43 billion USD, equal to 83.1% over the same period in 2019. The realized capital of direct foreign investment projects was estimated at 17.2 billion USD, equaling 97.6% over the same period in 2019. These figures show that 2021 will be a promising year for Vietnam economy as well as foreign investors. Vietnam always has and will become an ideal destination, a prospering and favourable environment for foreign businesses and investors, a bright spot for the regional economy. Implementing the initial dual task of “carry out epidemic prevention, economic development”. Before carrying out any investment action, investors must take into consideration the following things: What procedures need to be carried out in order to make an investment and what type of legal entity they would like to set up and be suitable to make an investment in Vietnam? Luat Doanh Tri would like to provide you with some information regarding these matters. The legal procedures of making an investment in Vietnam
Vietnam’s new Law on Investment 2020 (LOI 2020) enters into force from January 1, 2021. This new law will replace Law No. 67/2014/QH13 (“LOI2014”), which has come into force since 2014. The notable provisions of the LOI2020 for foreign investors in Vietnam include the introduction of a “negative list” for foreign investment, an increase in ownership threshold for treatment as a national investor, a “national security” provision, new incentives, and additional measures to streamline investment procedures The Ministry of Planning and Investment is developing and providing additional guidance as to conditions for investment in certain sectors, and procedures for obtaining project approval. Below, Doanh Tri Law Firm will make a brief summarise of the notable outcomes.
Vietnam has been and will continue to be, an attractive investment destination for foreign investors. Foreign direct investment in Vietnam reached an all-time high of nearly US$12 billion in 2015 and continues to show strong signs of growth. In recent years, the legal landscape for doing business in Vietnam has changed significantly with the introduction of new laws, including the key laws on enterprise and investment. Securities investment is one of the conditional investment sectors according to the new Law on Enterprise 2020. To invest this kind of special asset, an appropriate procedure shall be taken. In this Article, Doanh Tri Law Firm will make a guide for security investment for foreign entities.
In fact, due to many objective and subjective reasons such as finance, organizational structure, internal problems, ... businesses have to stop operating. One of the ways to end the existence of a business is dissolution. The dissolution of a company is a procedure aimed at creating a legal basis for a company to terminate its operation. The company's dissolution problem seems to be quite simple but there are many legal issues to note. Today, Doanh Tri law firm provides clients the dissolution procedure for a company that has foreign investment capital through the following article.
An export processing enterprise is not a new type of enterprise under the Enterprise Law 2014, but merely enterprises with specific conditions and specific production and business activities.
Vietnam is an active and potential market for foreign investors to conduct business activities. Setting up a company in Vietnam is always a big concern for new investors. Doanh Tri Law Firm with many years of experience in business and investment law fields is always willing to provide customers with the most valuable advice to set up a company, establish a business organization, factory, and logistics