Vinfast Roars to Life

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. [...]

By |2019-06-24T10:42:38+07:00June 24th, 2019|Business News, Corporate and commercial, International Trade, Inward Investment|Comments Off on Vinfast Roars to Life

Ministry Proposes CIT Cut for SMEs

According to Vietnam News, here, the Ministry of Finance has proposed a change in the current corporate income tax structure for small and medium sized businesses with an even greater exception for what it considers micro businesses. The cut would be from the regular 20% which is paid by all enterprises to 15-17% depending on [...]

By |2019-04-22T08:48:02+07:00April 22nd, 2019|Business News, Corporate and commercial, Inward Investment, Legal News|Comments Off on Ministry Proposes CIT Cut for SMEs

Shop & Go Gone Bust

In a story reported by VN Express here, Shop & Go, a chain of nearly a hundred convenience stores in Ho Chi Minh City and Hanoi was sold to Vingroup for $1. Shop & Go was a Singaporean enterprise that was one of the first in the convenience store space in Vietnam. Unfortunately, Shop & [...]

By |2019-04-08T15:55:07+07:00April 8th, 2019|Business News, Business plans, Competitive research, Contract Law, General, Inward Investment|Comments Off on Shop & Go Gone Bust

Joint Ventures in Vietnam

Joint Ventures in Vietnam have changed over the years. When I first began working in Vietnam, the joint venture was all the rage. Not only was it a way for foreign investors to hook up with local talent and entrepreneurs, but it was also a way to appease the WTO agreements of Vietnam's accession. Most [...]

By |2019-01-14T05:14:26+07:00January 14th, 2019|Business plans, Corporate and commercial, Inward Investment, M&A|Comments Off on Joint Ventures in Vietnam

Get the Right Visa

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 [...]

By |2018-12-03T03:18:04+07:00December 3rd, 2018|International Trade, Inward Investment|Comments Off on Get the Right Visa

Commercial Arbitration Centers in Vietnam

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 [...]

By |2018-10-08T02:32:31+07:00October 8th, 2018|Competitive research, Contract Law, Corporate and commercial, Dispute Resolution, International Trade, Inward Investment|Comments Off on Commercial Arbitration Centers in Vietnam

Kofi Annan is Dead

This week we lost two great people: Aretha Franklin and Kofi Annan. One was a singer, one of the greatest singers recorded since recordings became available, the other was president of the United Natioms. I could talk a blue streak about Aretha. How her music brought soul to life, how she was direct and emotive [...]

By |2018-08-20T06:02:15+07:00August 20th, 2018|Business News, Dispute Resolution, International Trade, Inward Investment, Trading & Distribution|Comments Off on Kofi Annan is Dead

Vietnam’s New Cyber Security Law

The new Cyber Security Law was passed last week by Vietnam’s National Assembly. The new law comes with a great deal of international controversy and doubts as to whether the law is actually in conformity with existing international treaties of which Vietnam is a signatory. Three major concerns arise from a perusal of international coverage [...]

By |2018-06-18T08:45:26+07:00June 18th, 2018|Business News, Corporate and commercial, International Trade, Inward Investment, Legal News, Technology and Media|Comments Off on Vietnam’s New Cyber Security Law

Corporate Governance Gets a Boost

To interrupt your regularly scheduled program, here's a bit of news that's both interesting and important. On 5 April 2018, a host of public companies, assisted by international non-governmental organizations, launched the Vietnam Institute of Directors ("VID"). The VID is designed to provide instruction to CEOs and directors of publicly traded companies. The instruction will [...]

By |2018-05-14T01:44:19+07:00May 14th, 2018|Business News, Corporate and commercial, Dispute Resolution, Inward Investment, Legal News, Securities and Capital markets|Comments Off on Corporate Governance Gets a Boost

New Decree for Trading and Distribution Rights of Foreign Invested Companies in Vietnam

On 15 January 2018, the Government has promulgated Decree No. 09/2018/ND-CP detailing the Commercial Law and the Law on Foreign Trade Management on the purchase of goods and related activities of foreign investors and foreign invested companies in Vietnam (“Decree 09”). This new decree took effect from the date of promulgation and replaced Decree No. [...]

By |2018-05-03T19:09:02+07:00May 3rd, 2018|Business News, Corporate and commercial, Inward Investment, Legal News, Trading & Distribution|Comments Off on New Decree for Trading and Distribution Rights of Foreign Invested Companies in Vietnam
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