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KEY OUTCOMES FOR FOREIGN INVESTORS IN VIETNAM'S NEW LAW ON INVESTMENT

KEY OUTCOMES FOR FOREIGN INVESTORS IN VIETNAM'S NEW LAW ON INVESTMENT

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.

SECURITIES INVESTMENT PROCEDURES IN VIETNAM

SECURITIES INVESTMENT PROCEDURES IN VIETNAM

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.

VIETNAM JOINT-STOCK COMPANY

VIETNAM JOINT-STOCK COMPANY

Choosing the appropriate business structure is the priority task of every foreign entity that wants to make an investment in Vietnam. One of the most famous types of business that is chosen by many international companies investing in Vietnam is the Joint Stock company. In this Article, Doanh Tri Law Firm shall make a summary about Join Stock Company under Vietnam Legal System.

HOW TO START A BUSINESS IN VIETNAM?

HOW TO START A BUSINESS IN VIETNAM?

How to start a business in Vietnam as a foreigner is a matter may concern to much international company or foreign investors. Unlike many other offshore countries, the licensing process of operating a business in Vietnam may be quite troublesome due to Vietnam’s regulatory framework, especially for foreigners. Being well-prepared with a sophisticated plan before investing in Vietnam is therefore significantly essential. This article will make an attempt to shed more light on a practical guide to starting a business in Vietnam with our latest update.

JUDICIAL RECORD APPLICATION PROCEDURE

JUDICIAL RECORD APPLICATION PROCEDURE

According to the Law on Judicial Records 2009, the judicial record is the record of the criminal conviction of the person convicted by selling a criminal decision of the Court that has taken legal effect. To prove yourself without judicial records, criminal records, and so on, judicial record card is indispensable. A judicial record card is considered as a card issued by the judicial database management agency which proves whether or not an individual has a judicial record. However, many people still do not understand the criminal record as well as the procedure for applying for criminal record certificates. Hereby, Doanh Tri Law Firm would bring to customers the procedure to apply for a Judicial record in Vietnam.

THE PROCESS OF APPLYING FOR A TEMPORARY RESIDENCE CARD FOR FOREIGNERS IN VIETNAM

THE PROCESS OF APPLYING FOR A TEMPORARY RESIDENCE CARD FOR FOREIGNERS IN VIETNAM

According to statistics of the Immigration Department, at the moment due to the effects of the Covid 19 epidemic, there are more than 70,000 foreigners living and working at diplomatic missions, foreign-invested enterprises, Non-government projects, education, sports, and humanitarian projects. They are people who bring their knowledge and experience to the sustainable development of Vietnam. Ha Noi, Ho Chi Minh City, and Da Nang are home to a large number of foreigners, mainly from countries such as South Korea, Japan, China, Singapore, Russia, and the US. As a politically stable country, the government's good disease control and development assistance policies are giving reassurance to attracting more foreigners to Vietnam to work. Therefore, the need to apply for a temporary residence card for foreigners in Vietnam is concerned by many people. However, when foreigners come to Vietnam, not everyone understands and understands the provisions of Vietnamese law on this procedure. With a team of experienced lawyers and legal consultants, Doanh Tri Law firm will send you the process of applying for a temporary residence card for foreigners in Vietnam.

GRANTING AUTOMOTIVE LICENSES FOR FOREIGNERS IN VIETNAM

GRANTING AUTOMOTIVE LICENSES FOR FOREIGNERS IN VIETNAM

How do foreigners who are residing or traveling in Vietnam want to own a driver's license for convenient travel? The easiest way is to change your foreign driver's license for a driver's license in Vietnam. The following article on "Granting automotive licenses for foreigners in Vietnam" will provide information about the conditions, procedures, and the process of renewing a driver's license.

LICENSING ISSUES FOR FOREIGN COMPANIES TO ACTIVATE ON VACCINES AND BIOPHARMACEUTICAL IN VIET NAM

LICENSING ISSUES FOR FOREIGN COMPANIES TO ACTIVATE ON VACCINES AND BIOPHARMACEUTICAL IN VIET NAM

Vaccines and biopharmaceutical are biological products used to prevent, cure and diagnose diseases in humans. In particular, vaccine means a drug that contains antigens which helps the body develop immunity and is used for the prevention or treatment of diseases.

IMPORTED HEALTH SUPPLEMENTS REGISTRATION PROCEDURE

IMPORTED HEALTH SUPPLEMENTS REGISTRATION PROCEDURE

Functional foods are foods that offer health benefits beyond their nutritional value. In Vietnam, to manufacture or sell functional foods, the manufacturer must comply with all conditions and requirements stated in law. That could be fulfilled by imported functional food/ health supplements registration procedure. 

PROCEDURES OF DISSOLUTION FOR A FOREIGN INVESTMENT CAPITAL COMPANY

PROCEDURES OF DISSOLUTION FOR A FOREIGN INVESTMENT CAPITAL COMPANY

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.

ESTABLISHING AN EXPORT PROCESSING ENTERPRISE WITH 100% FOREIGN CAPITAL IN VIETNAM IN 2020

ESTABLISHING AN EXPORT PROCESSING ENTERPRISE WITH 100% FOREIGN CAPITAL IN VIETNAM IN 2020

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.

RIGHTS AND OBLIGATIONS OF AUTHORS AND PATENT OWNERS

RIGHTS AND OBLIGATIONS OF AUTHORS AND PATENT OWNERS

In order to help clients better understand the rights and obligations of the author, patent owner, Doanh Tri Law firm would like to introduce some provisions of the current Intellectual Property Law on the above issue as follows

BENEFITS OF REGISTERING COPYRIGHT IN VIETNAMESE LAW

BENEFITS OF REGISTERING COPYRIGHT IN VIETNAMESE LAW

Copyright registration is not required to enjoy copyright. Works, whether registered or not, are subject to the same protection. So, what are the benefits of registering copyright in Vietnamese Law? Doanh Tri Law firm will help you answer the above question through the article below.

SET UP A COMPANY IN VIETNAM: HOW TO ESTABLISH A BUSINESS ORGANIZATION?

SET UP A COMPANY IN VIETNAM: HOW TO ESTABLISH A BUSINESS ORGANIZATION?

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

CHANGE OF HEADQUARTER ADDRESS OF COMPANY IN VIETNAM

CHANGE OF HEADQUARTER ADDRESS OF COMPANY IN VIETNAM

Due to business activities in reality, many companies in Vietnam would like to change headquarter addresses. This procedure is even more complicated with foreign enterprises. Therefore, DOANH TRI LAW FIRM would like to introduce customer our best service package of changing headquarter address for Vietnamese and/or foreign companies

SET UP A COMPANY IN VIETNAM: HOW TO ESTABLISH A BUSINESS ORGANIZATION?

SET UP A COMPANY IN VIETNAM: HOW TO ESTABLISH A BUSINESS ORGANIZATION?

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

CAPITAL CONTRIBUTION BY FOREIGNERS INTO VIETNAMESE COMPANIES

CAPITAL CONTRIBUTION BY FOREIGNERS INTO VIETNAMESE COMPANIES

When investors intend to participate into Vietnamese market, there are many options of investment form that investors are able to choose. Recently, investors are adviced to contribute capital into Vietnamese company and become a member of an economic organization rather than establish a business organization. In addition, this form allows foreign businesses gain access to a number of industries that require strict conditions for foreign investors.

CHANGE OF HEADQUARTER ADDRESS OF COMPANY IN VIETNAM

CHANGE OF HEADQUARTER ADDRESS OF COMPANY IN VIETNAM

Due to business activities in reality, many companies in Vietnam would like to change headquarter addresses. This procedure is even more complicated with foreign enterprises. Therefore, DOANH TRI LAW FIRM would like to introduce customer our best service package of changing headquarter address for Vietnamese and/or foreign companies

INVESTMENT POLICIES WHEN DOING BUSINESS IN VIETNAM

INVESTMENT POLICIES WHEN DOING BUSINESS IN VIETNAM

The amount of foreign investment capital invested in Vietnam showed no sign of declining. It is the result of the promotion of Vietnam's opening investment and domestic socio-economic development. Attracting a lot of foreign investment brings significant benefits to Vietnam's socio-economic development. It contributes to the addition of social investment, promotes and increases economic growth and the economic restructuring of Vietnam in the current modernization process. Public and transparent efforts in the law-enacting process have helped increase the opportunities for foreign investment. Enterprises choose Vietnam as an investment destination for the 21 st century. Provisions on subjects and procedures are gradually made clear with the development of law firms in Vietnam such as Baker Mackenzie, Allen, Doanh Tri law firm ... to help foreign investors easily understand and take investment activities easily.

PROCEDURES OF TRADEMARK REGISTRATION IN VIETNAM

PROCEDURES OF TRADEMARK REGISTRATION IN VIETNAM

Before applying for the trademark registration, the applicant needs to find out the matters relating to conditions, procedures, periods to avoid the cases that the National Office of Intellectual Property in Viet Nam (NOIP) may issue the notification on denying. According to Law on Intellectual Property in Viet Nam signs eligible for being registered as trademarks must be visible ones in the form of letters, numerals, words, pictures, images, including three-dimensional images or their combinations, presented in one or several given colors.

ESTABLISHMENT OF FOREIGN BRANCH IN VIETNAM

ESTABLISHMENT OF FOREIGN BRANCH IN VIETNAM

Recently, Doanh Tri Law firm received a lot of questions and feedback from clients about the establishment of foreign companies’ branches. Establishing a branch of a foreign company is a popular form, the procedure is simpler than establishing a 100% foreign-owned company as well as a joint venture company. Therefore, Doanh Tri Law firm proposes the process and procedures for registering a branch of a foreign company as follows:

REGISTERING COPYRIGHT OF COMPUTER SOFTWARE

REGISTERING COPYRIGHT OF COMPUTER SOFTWARE

In the event of a dispute, the computer software copyright registration certificate is the most persuasive evidence of the author's ownership over other parties. At the same time, the author is entitled to have the right to exploit and use this computer software.

PROCEDURES FOR MARK REGISTRATION FOR MILK TEA SHOPS

PROCEDURES FOR MARK REGISTRATION FOR MILK TEA SHOPS

Milk tea is one of the most favorite beverages among young people in Vietnam. Therefore, many foreign investors from Taiwan, Thailand, China, Japan are planning to invest in this potential market. Today, Doanh Tri Law would like to advise investors on the steps of the Registration procedure of Mark for a milk tea shop.

INVESTMENT FORM OF CONTRIBUTING CAPITAL, SHARES OR STAKES IN VIETNAM

INVESTMENT FORM OF CONTRIBUTING CAPITAL, SHARES OR STAKES IN VIETNAM

Foreign investor includes a foreign individual, enterprise or foreign organization contributing capital to or buying shares from a company with 100% Vietnamese capital.

ASSIGNMENT OF TRADEMARK REGISTRATION APPLICATIONS DURING THE EXAMINATION PROCESS

ASSIGNMENT OF TRADEMARK REGISTRATION APPLICATIONS DURING THE EXAMINATION PROCESS

"Trademark assignment" is a common term when referred to the time which the trademark owner transfers his ownership to another organization or individual. This transfer assignment is made by registering a contract of transferring industrial property rights at the National Office of Intellectual Property (NOIP).

INVESTMENT FORMS FOR FOREIGN INVESTORS IN VIETNAM

INVESTMENT FORMS FOR FOREIGN INVESTORS IN VIETNAM

When conducting investment activities, foreign investors are free to choose the investment form that suits their needs and goals. The selection of appropriate investment forms is very important for the implementation of effective and profitable investment project activities for investors.

TAX OBLIGATION OF REPRESENTATIVE OFFICES AND BRANCHES ESTABLISHED BY FOREIGN BUSINESSES IN VIETNAM

TAX OBLIGATION OF REPRESENTATIVE OFFICES AND BRANCHES ESTABLISHED BY FOREIGN BUSINESSES IN VIETNAM

At present, Doanh Tri Law firm has received many questions from customers about the tax obligations of representative offices and branches established by foreign businesses in Vietnam. To answer questions related to this tax obligation, please refer to the analysis from Doanh Trí’s consultants.

ESTABLISHMENT OF A REPRESENTATIVE OFFICE IN VIETNAM

ESTABLISHMENT OF A REPRESENTATIVE OFFICE IN VIETNAM

With the development of the world, opening representative offices in another country is a trend of integration. It faces many challenges and difficulties when an enterprise has to research procedures, files, and services to set up representative offices in other countries.   Understanding these difficulties, the Doanh Tri Law Firm shall guide and summarize the most necessary steps to help entrepreneurs organize representative offices.

BANNED BUSINESS LINES IN VIETNAM

BANNED BUSINESS LINES IN VIETNAM

Along with the development of the financial market, numerous foreign investors invest in many different business lines in Vietnam. Nonetheless, when doing business in Vietnam, foreign investors shall know about the banned business fields under Vietnamese law. Understanding those difficulties, the Doanh Tri law firm would like to provide basic legal knowledge about what business lines are banned in Vietnam.

INVESTMENT IN ESTABLISHMENT OF ECONOMIC ORGANIZATIONS IN VIETNAM

INVESTMENT IN ESTABLISHMENT OF ECONOMIC ORGANIZATIONS IN VIETNAM

Investment in the establishment of economic organizations is one of the forms of investment which is selected by many foreign investors when investing in Vietnam currently. However, the conditions and procedures for foreign investors to implement investment in this form are more complex and demanding than domestic investors. Foreign investors need to understand the provisions of Vietnamese law on this form so that investment activities are convenient and effective.

PROCEDURES FOR GRANT OF INVESTMENT REGISTRATION CERTIFICATES IN VIETNAM

PROCEDURES FOR GRANT OF INVESTMENT REGISTRATION CERTIFICATES IN VIETNAM

When implementing an investment project, in some cases, investors must have an investment registration certificate. Investment registration certificate is a basis for the State to manage investment activities and capital sources effectively, which is also a basis for investors to clearly define their legitimate rights and interests and requirements for with the project to implement investment activities conveniently.

TRADEMARK REGISTRATION SERVICE

TRADEMARK REGISTRATION SERVICE

With a view to consult and support customers in registering trademarks in accordance with the current law, helping customers to protect their intellectual property comprehensively, and creating their own brand, Doanh Tri Law Firm would like to introduce the trademark registration service as an optimal solution for business in brand protection activities.

FORMS OF INVESTMENT IN VIETNAM

FORMS OF INVESTMENT IN VIETNAM

When carrying out investment activities, investors are free to choose investment forms that are suitable for their needs and objectives. The selection of appropriate investment forms plays a very significant role in the implementation of effective investment project activities, bringing profits to investors. Therefore, it is necessary to know clearly the provisions of the law on the characteristics and conditions of each investment form.

OFFSHORE BUSINESS INVESTMENT CONSULTANCY IN VIETNAM

OFFSHORE BUSINESS INVESTMENT CONSULTANCY IN VIETNAM

Nowadays, the trend of global economic integration is spreading strongly to all countries in the world, making offshore business investment activities become more and more popular. Offshore business investment is considered a new trend of Vietnamese businesses today, helping investors have more opportunities and increase profits in potential markets other than the domestic market. In order to support customers in implementing necessary legal procedures of offshore investment activities, Doanh Tri Law firm would like to introduce consultancy services for offshore business investment with the most competitive prices on the market, ensuring fast, accurate and efficient quality.

BUSINESS INVESTMENT CONSULTANCY SERVICE IN VIETNAM

BUSINESS INVESTMENT CONSULTANCY SERVICE IN VIETNAM

In order to advise and assist customers in carrying out investment activities in Vietnam, help customers choose appropriate investment forms, complete necessary procedures quickly, effectively and cost savings, Doanh Tri Law firm would like to introduce investment consulting services in Vietnam.

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