Legal Updates

INVESTMENT THROUGH BUSINESS COOPERATION CONTRACT – NOTES FOR FOREIGN INVESTORS

Investment in the form of a business cooperation contract (BCC Contract) is a form of investment through a contract signed between investors, in order to cooperate in business, divide profits and divide products in accordance with the provisions of law without establishing an economic organization[1]. Here are some notable substances for foreign investors when investing […]

WHICH PROJECTS ARE SUBJECT TO THE APPROVAL OF INVESTMENT POLICY OF THE NATIONAL ASSEMBLY OF VIETNAM?

When a foreign investor prepares an investment project in Vietnam, if it is required to apply for investment policy approval in accordance with the Law on Investment, such project must be approved by competent state agencies before being granted the Investment Registration Certificate. Depending on the field of investment, the size of the project, the […]

ANALYSIS OF THE PROCEDURE FOR APPEALING AGAINST THE DECISION NO 03/2023/KN-KDTM OF THE CHIEF JUSTICE OF THE SUPREME PEOPLE’S COURT REGARDING THE RECOGNITION AND ENFORCEMENT IN VIETNAM OF THE FOREIGN ARBITRAL AWARD

Summary: Recognition and enforcement of foreign arbitral awards in Vietnam is always a concern for foreign investors and enterprises operating in Vietnam or having business with Vietnamese enterprises. This article provides a prominent example of the recognition and enforcement of foreign arbitral awards by Vietnamese courts in practice. Accordingly, the Decision no. 03/2023/KN-KDTM on appeal […]

INVESTMENT INCENTIVES IN VIETNAM – IN WHAT CASES ARE FOREIGN INVESTORS ENTITLED?

Vietnam has introduced various investment incentive policies to attract foreign investors. As per Vietnamese law, foreign investors are eligible for investment incentives when they undertake investment projects. This entitles them to receive one of the following incentive treatments[1]: Corporate income tax incentives, including the application of a lower corporate income tax rate than the normal […]