Coming to Vietnam for construction & engineering services, beware of the differences

Nguyen Dang Viet - Partner - Attorney at Law

Construction activities in Vietnam, particularly in such economic hubs as Hanoi capital and Hochiminh City are booming as the result of the fast developing infrastructures and residential towns. Since early 2000, there are more foreign companies coming to Vietnam for providing construction and engineering services to construction works invested by Vietnamese or foreign investors, particularly those from Japan for doing the ODA funded construction projects and from Korea following their national investors to set up factories and commercial buildings in Vietnam. [+]

New regulations on registration of companies in Vietnam

Nguyen Dang Viet - Partner | Attorney at Law

Tran Thi Bich Hanh - Attorney at Law

The Government of Vietnam attempted to simplify procedures for registering the establishment of companies by a new Decree No. 43/2010/NĐ-CP dated 15 April 2010 (“Decree 43”) to replace the Decree No. 88/2006/NĐ-CP date 29 August 2006 on business registration (“Decree 88”). Decree 43 also covers the provisions and procedures on company conversion, merger, dissolution, change business registration contents. Although businesses expected many to fill the loopholes in legal guidelines, compared with the Decree 88, the Decree 43 does not make any significant change.

Work Permit to Foreigners Working in Vietnam

Nguyen Anh Tuan - Managing Partner

Vietnam is considered as a foreign investment attractive destination in Asia region, especially in Southeast Asian countries on the ground of its important geographical location, an acceptable business environment and legislation, and stable annual economy growth despite of the world financial crisis and economic downturn. Since the birth of the Law on Foreign Investment in 1986 up to now, foreign investment capital flew to Vietnam is impressively recorded. Many foreign investors came to do business since Vietnam through way of establishment of their own companies and investment projects in the country and/or acquisition of shares of Vietnamese enterprises. To operate, manage and multiply their investment capital, foreign investors certainly dispatch their experts and managers to work in such companies and projects. However, a fact shows that many of them may not be well aware of the laws of Vietnam in terms of conditions and procedure need to be complied for their experts and managers to work in Vietnam. The purpose of this article is therefore help foreign investors to identify main issues in such respect that need to comply with to avoid the violation of laws and administrative sanctions. [+]