“Enterprises are free to do business in any business areas that are not prohibited by law” is one of the statutory rights of the enterprises[1]. Law on Investment 2020 provides a list of prohibited business lines that all domestic and foreign investors must comply with. Pursuant to Article 6 of Law on Investment 2020, there […]
Foreign investors planning to invest in Vietnam need to consider whether the industry in which they intend to invest in Vietnam is a conditional business line or not. Under the law of Vietnam, there are two types of conditions applied, including: (i) Market access conditions for the foreign investors; and (ii) Conditions for doing business. […]
As a business law firm which has advised numerous foreign investors doing business in Vietnam, we often receive the same question from the foreign investors on profit repatriation. Specifically, are they allowed to repatriate the profit to their home countries? Currently, Vietnam has issued a number of key legislative documents to govern foreign investment in […]
3. Drafting pre-emptive clause at the request of shareholders and setting the conditions for the transfer of shares At the first stage, the shareholders made their requests for us to advise them a mechanism to bound the shareholders to long-term cooperation and prevent one or several shareholders from bringing new shareholder. It was then we […]