Legal Update

New policies take effect in February

New policies take effect in February

A string of fresh policies on compulsory insurance for construction investment activities; assistance in vocationaiontal training and job search for workers whose land is withdrawn comes into effect since February, 2016. Compulsory insurance for construction...

M&A retail sale deals on upward trend

M&A retail sale deals on upward trend

The retail sale market has become eventful since the end of 2015 with large-scale M&A transactions carried out by domestic and foreign investors. Under its commitments to the World Trade Organization (WTO), since...

 
No more governmental guarantee for groups with financial difficulties

No more governmental guarantee for groups with financial difficulties

The Prime Minister has recently nodded the Finance Ministry’s proposal to stop granting the governmental guarantee to groups or corporations that have financial difficulties, owe debts to the Accumulative Fund...

Practical support policies needed for SMEs

Practical support policies needed for SMEs

Supports for small- and medium-sized enterprises (SMEs) to promote their innovations and enhance their competitiveness at home and global markets should focus on synchronous mechanisms, policies and finance regimes which...

 
Penal liability of legal entities under revised Penal Code: an initial analysis

Penal liability of legal entities under revised Penal Code: an initial analysis

The revised Penal Code (the 2015 Code) was just passed by the National Assembly at its year-end session and will take effect on July 1 next year. New provisions on...

Amended Investment & Enterprise Laws put into reality

Amended Investment & Enterprise Laws put into reality

The amended Investment and Enterprise Laws were put into practice over half of a year with sharp increase in the number of newly-established enterprises and positive signals. Especially, six guiding documents were introduced with a view to ensuring...

 
Conditions for foreign parties to join in founding Vietnam-based non-bank credit institutions

Conditions for foreign parties to join in founding Vietnam-based non-bank credit institutions

In order to become a founder of a non-bank credit institution operating as a single-member limited liability company, a foreign credit institution must have total assets of over USD 10...

New guidance on offshore indirect investment

New guidance on offshore indirect investment

From February 16, six types of institutions, including securities companies, fund management companies; securities investment funds (through fund management companies), securities investment companies; insurance businesses; commercial banks; general financial companies;...

 
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