The Europe-Vietnam Free Trade Agreement (EVFTA) was signed by representatives of both parties on Sunday in Hanoi. While this is not the final step for execution of the agreement, this is a major milestone and will, more than likely, lead to adoption by the EU. In this article, here, Nicolas Audier discusses the benefits of [...]
Last week Vinfast, a subsidiary of Vinagroup, began manufacturing the Vinfast line of automobiles. The line begins with a standard hatchback and a sedan, two vehicles that are priced around 17,000USD. This is cool. For a couple of reasons is this cool. First, car purchases in Vietnam are up 22% year on year since 2018. [...]
i remember reading a law blog years ago that discussed the importance of getting a business visa if you were indeed going to be conducting business in a country. This remains good advice, especially in Vietnam. This can be extended to a discussion of work permits, but I’m not going to go into that this [...]
What is passing the risk? It means that the risk of destruction or damage passes from the seller to the buyer at a certain time. When this time is, is determined by the Commercial Law. In Vietnam there are a handful of rules that govern this specific incident. It is also covered in the INCO [...]
A couple of weeks ago I mentioned the INCO Terms, a set of rules designed to regulate the international shipping of goods regardless of method of shipping. I want to talk more about these rules and how they affect shipping in Vietnam. The INCO Terms are a set of preset rules published by the International [...]
A couple weeks ago I read an article about the manufacturer of certain Apple products looking to move manufacturing to Vietnam. Now, this wasn’t Apple’s decision, this was the decision of the Chinese manufacturer. They wanted to move the plant to Vietnam. This is interesting for several reasons. First, it is a sign that China’s [...]
Last week we discussed the application of the Commercial Law. This week, I want to dig further into the Commercial Law and discuss the question of place of delivery of goods. To begin, goods are delivered according to the contract between the seller and the buyer. If there is no specific clause in the contract [...]
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, [...]
It seems that recently, the Government has updated the rules for the creation of Commercial Arbitration Centers in Vietnam. While this seems like an effort to encourage dispute resolution within the country, it also creates a schism of capabilities. Where China has one or two main centers and several ad hoc arbitrators, they do not [...]
As Monday was a holiday, Vietnam’s Indelendence Day, I thought I would take a moment, or a blog, and remind everyone how liberal the original document written and read by Ho Chi Minh in 1945 actually was. You can read the declaration in English at the following site. http://historymatters.gmu.edu/d/5139/ That is all. Happy Independence Day.