Repatriating Investments and Profits From Vietnam Part 2: Foreign Direct Investment

Repatriating foreign direct investments from Vietnam is a bit more complicated than repatriating foreign indirect investments (which I talked about last week, here). This week I am going to discuss the legal process for making FOREX and repatriation happen in the case of foreign direct investment (FDI) into Vietnam. This article should be read in [...]

By |2020-06-11T15:04:49+07:00June 11th, 2020|Banking and Finance, Inward Investment|Comments Off on Repatriating Investments and Profits From Vietnam Part 2: Foreign Direct Investment

Repatriating Investment Funds From Vietnam Part I: Foreign Indirect Investment

When a non-Vietnamese citizen wants to invest in Vietnam there are a few questions which come up at the very beginning. One of them--and I've worked on several informational memos about this--is how they repatriate their investment, and any profits, from Vietnam when they are finished with the investment. The answer to that question depends [...]

By |2020-06-11T15:06:08+07:00June 5th, 2020|Banking and Finance, Inward Investment, Securities and Capital markets|Comments Off on Repatriating Investment Funds From Vietnam Part I: Foreign Indirect Investment

Vietnam CFO Forum

On November 12, at the Lotte Legend Saigon Hotel in Ho Chi Minh City, Vietnam, the annual CFO Forum will welcome over thirty speakers and three hundred attendees. Indochine Counsel's managing partner, Dang The Duc, will be speaking as the sole representative from the legal community amidst a number of speakers from technology, fintech, and [...]

By |2019-11-11T09:45:59+07:00November 11th, 2019|Banking and Finance, Business News, Events-Seminars|Comments Off on Vietnam CFO Forum

New Rules for Securities

Below is a summary of major changes contemplated in the securities law by the National Assembly. This is taken from a larger article that will be published later by our firm managing partner. A private joint stock company will become a public company if it has a paid-up charter capital of VND 30 billion or [...]

By |2019-08-19T14:15:51+07:00August 19th, 2019|Banking and Finance, Securities and Capital markets|Comments Off on New Rules for Securities

Cashless Payments Improve

In the article on Vietnam Investment Review, here, news of Vietnam's increasing independence from cash and gold is welcome. I'll let you read the article, but much of the information contained therein is to boast of the boost in mobile payments and ATM transactions. Mobile payments are cashless payments made using a mobile device, usually [...]

By |2019-07-15T12:22:15+07:00July 15th, 2019|Banking and Finance, TMT-Technology, Media, Telecom|Comments Off on Cashless Payments Improve

Tax Authorities On Top of Tech

With this article in Vietnam Investment Review, here, the government proves that it is capable of keeping pace with technological advancement in at least one department, that of tax collection. The article examines the fact that Grab, a ride hailing app company, has surpassed Vinasun in tax contributions. It outlines the concerns that were raised initially, [...]

By |2019-06-12T10:40:53+07:00June 12th, 2019|Banking and Finance, Business News, Taxation, Technology and Media, TMT-Technology, Media, Telecom|Comments Off on Tax Authorities On Top of Tech

Private Sector Thriving

Thanks to Dr. Matthias Duhn on LinkedIn, for sharing the link to the interview with the Minster of Planning and Investment. The original interview ran in Vietnam Investment Review, here, and is a reassuring assessment of the private sector economy. One of the highlights of the article, and I'll let you read it for yourself, [...]

By |2019-05-06T08:39:24+07:00May 6th, 2019|Banking and Finance, Business News, Corporate and commercial|Comments Off on Private Sector Thriving

P2P Lending in Vietnam

A few days ago the National Bank announced that it will approve Peer to Peer Lending. This comes as little surprise since there are already 40 companies operating in the sector in Vietnam and the activity has been neither approved nor prohibited up to this time. P2P Lending is a method of lending that skips [...]

By |2019-03-11T13:32:31+07:00March 11th, 2019|Banking and Finance, Business News, Corporate and commercial, Technology and Media, TMT-Technology, Media, Telecom|Comments Off on P2P Lending in Vietnam

ASEAN Legal Conference 2018 Hosted by Indochine Counsel

This year we are all gathered in Ho Chi Minh City, to hear and share what is affecting ASEAN in terms of disruptive technologies and innovations. We have lined up several speakers who are experts in their fields to share their insights with us. The world is changing very quickly and we as lawyers, accountants, [...]

New regulations on minimum capital adequacy ratios for banks and foreign bank branches in Vietnam

The State Bank of Vietnam (“SBV”) recently released Circular No. 41/2016/TT-NHNN, dated 30 December 2016, effective from 1 January 2020 on minimum capital adequacy ratio (“CAR”) for banks and foreign bank branches in Vietnam (“Circular 41”). Under Circular 41, the banks and foreign bank branches in Vietnam shall maintain the minimum CAR of 8% from [...]

By |2018-05-03T18:02:14+07:00May 3rd, 2018|Banking and Finance, Legal News|Comments Off on New regulations on minimum capital adequacy ratios for banks and foreign bank branches in Vietnam