Nguyen Ngan

The Importance of Company’s Legal Representative

Under the laws of Vietnam on enterprise, a legal representative of an enterprise plays an important role in the company operation because civil transactions entered into and performed with third parties by the legal representative in accordance with his/her scope of authority shall bind and give rise to the rights and obligations of the enterprise. The legal representative of an …

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Business Dissolution in Vietnam

As mentioned in Business Suspension and Dissolution, enterprises shall be dissolved in the following cases: The operation period written in the company’s charter expires without a decision on extension; The dissolution is decided by the owner of the sole proprietorship, by all general partners of the partnership, by the Board of members or owner of limited liability company, or by …

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Business Suspension and Dissolution

Under the laws of Vietnam Bussiness, an enterprise may suspend its business as long as a written notification, not application, stating the time and duration of suspension and time of resumption is sent to the business registration authority at least 15 days before the date of suspension or resumption. This regulation applies in case the enterprise resumes its business before …

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What to Know More about Vietnam Business Visa

Vietnam business visa, which is categorized as DN, LV1 and 2, DT, is granted to those entering Vietnam for business and employment purpose. The visa can be valid for up to 1 year with single or multiple entries. Except for businessmen from Visa Waiver Countries, all foreigners must apply for a business visa to do business or explore business opportunities …

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The Obligation of Withholding Tax on Overseas Service Suppliers

As mentioned in our post SENDING EMPLOYEES OVER TO VIETNAM, it is a preferable option for foreign service suppliers to send their employees over to perform contracted services at clients’ hub in Vietnam without the establishment of business presence. Thanks to the globalization of trade and commerce, cross-border service supply has never been much easier and more convenient. The only …

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Sending Employees Over to Vietnam

In order for service supply and execution in Vietnam without the establishment of business presence, overseas enterprises may go for one easy option of sending the employees over to work at business partners’ locations in Vietnam. The option is quite preferable as it helps cut down costs and brings out the same efficient result. The only concern arises on the …

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Transferring Investment Profit Back to Home Country

With continuous investment waves into Vietnam in the past years, the demand from foreign investors has had no sign of stopping. Accordingly, transferring profit abroad become inevitable by the end of the journey when investment activities have earned investors’ profits. Foreign investors who make a direct investment in Vietnam are permitted to repatriate profit generating from such investment after completion …

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Investment Assurance

Not only do measures of investment assurance play an important role in drawing investment, but they also are the concern of foreign investors when carrying out investment in Vietnam. In the spirit of the law, investment assurance measures are commitments of the Vietnamese Government to ensure the legitimate interests of all investors throughout the investment process and the law has …

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Is it Now a Perfect Chance to Invest in Vietnam?

Since Viet Nam’s accession to the WTO in 2007, the market has been liberalized in certain areas and been a promising destination to international investors. Up to the present, Viet Nam has successfully transformed from a centrally-planned economy with heavy bureaucracy and subsidies to an emerging market economy characterized by strong dynamism and rapidly growing entrepreneurship. The country continues to …

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Banned Investment Activities in Vietnam

Under Investment Law of Vietnam, foreign investors are entitled to invest in business lines which are not prohibited. This is just another fundamental with high importance to every investor during investment research and before gambling loads of money in a foreign country like Vietnam. According to Investment Law, investments in the following activities are banned: Trade in the narcotic substances …

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