In practice, particularly in small-scale procurement and service contracts, the question of whether a household business is eligible to participate in bidding frequently arises. Proper determination of the legal status of household businesses is essential for bid preparation and assessment of bidder eligibility. The Law on Bidding 2023 provides clearer guidance on eligible bidders, expressly […]
The charter capital of a joint stock company constitutes a fundamental legal basis for determining the company’s financial liability, shareholders’ ownership ratios, and the corresponding rights and obligations. An increase in charter capital is a material corporate action that gives rise to amendments to the company’s charter, changes in capital structure, and potential impacts on […]
Foreign nationals working in Vietnam must comply with Vietnamese labor and immigration laws. Non-compliance can result in administrative fines, penalties, and in some cases, deportation. This bulletin summarizes key regulations regarding foreign workers and penalties for violations. 1. Who is a Foreign National? According to Clause 1, Article 3 of the Law on Entry, Exit, […]
Vietnam is increasingly becoming a key destination for international travel, business, and diplomacy. As the country integrates more deeply into the global economy, understanding the legal framework governing foreign nationals in transit is crucial for individuals, corporations, and legal practitioners. The Vietnamese government has established clear rules to ensure that foreign nationals who enter, exit, […]
Adoption in Vietnam is not limited to Vietnamese citizens; foreign nationals who are permanently residing in Vietnam are also eligible to adopt children in accordance with Vietnamese law. The legal framework ensures that the rights and welfare of children are protected while complying with both domestic regulations and international treaties. 1. Adoption by Foreign Nationals […]
1. Conditions for Public Offering of Shares in Vietnam Under Article 36 of Decree No. 155/2020/ND-CP, enterprises established and operating under foreign laws must satisfy the following conditions to conduct a public offering of securities in Vietnam: Accordingly, foreign enterprises seeking to offer shares to the public in Vietnam must fully comply with the above […]