On 17 June 2020, Vietnam's National Assembly passed a new law on investment. The new law offers some new approaches to investment--both domestic and foreign--in the country and broaches new territory for encouraging and regulating the sector. As I'm looking at M&A recently, I thought I would discuss two of the major developments in the [...]
While Vietnam is coming out of the Covid-19 epidemic, force majeure in Vietnam and elsewhere remains a major issue for investors both domestic and international. Cross-border flows of goods and people remain restricted, but internally, Vietnam is resuming business as usual to the extent possible. As the world locked down over the last few months, [...]
On 4 March 2020, Vietnam signed the Hague Convention of 18 March 1970 on the Taking of Evidence Abroad in Civil or Commercial Matters. The Convention takes effect on 3 May 2020. Vietnam is the 63 country to join the Convention. In joining the Convention, Vietnam continues its gradual accession to international judicial treaties. In [...]
Last Friday Indochine Counsel issued a Special Alert concerning the recent issuance of a decree guiding enforcement efforts to limit "fake news" in light of the Covid-19 pandemic. With some slight formatting differences, the below reproduces that alert for your reference. On 3 February 2020, the Government of Vietnam issued Decree No. 15/2020/ND-CP on [...]
This week the European Union took the final step in its procedure for approving the EVFTA/EVIPA trade deals with Vietnam. All that is left is for Vietnam's National Assembly to give its opinion on the matter and the deal will, officially and finally, be sealed. The EVFTA and EVIPA are the fruit of over eight [...]
About a month ago I shared the In-House Community (Asia-Mena Counsel) award results in which, among other things, Indochine Counsel was awarded the Most Responsive Domestic Firm of the Year. You can see the link to that story below. Indochine Counsel shared that award with two other firms, LNT & Partners and YKVN, both considered [...]
In Vietnam, the women rule, at least as far as demographics are concerned. According to the last census, there are 48,327,923 women, enough to comprise 50.2% of the population. Nearly 88% of the population aged between 25-59 participated in the labor force. A slightly different statistic from The Economist states that “some 79% of women [...]
"Indochine Counsel are experts in their areas, understanding and reasonable." Every year international legal rankings publish their results by jurisdiction of the best law firms in each practice area. Sometimes Indochine Counsel ranks and wins, sometimes it doesn't. While the rankings companies say they are impartial and aren't influenced by law firm advertising budgets, they [...]
One of the important things to understand about a country before examining specific legal elements is the sources of law for that country. In the United States, for example, the law arises out of the constitution. In Vietnam, the same is true. The constitution serves as the primary source of law finding its power in [...]
Highlights of the Labor Code 2019 On 20 November 2019, the National Assembly of Vietnam issued a new Labor Code with the purpose of promoting the Vietnamese labor market and solving essential problems from practical implementation of the Labor Code 2012. It is intended to create a more flexible legal framework on employment and harmonize [...]