1. Legal Framework for Profit Repatriation in Vietnam In Vietnam, the repatriation of profits by foreign-invested enterprises (FIEs) is regulated under the Law on Investment 2020, which provides the legal basis for foreign investors to remit profits from their Vietnamese operations back to their home countries. According to Article 45 of the Law on Investment, […]
1. The Rise of Condotels: A Promising Investment Model Condotels—short for condominium hotels—emerged in Vietnam as an attractive investment option, combining the concept of individual property ownership with short-term hotel rental operations. Investors are drawn to condotels due to the potential for high returns, the opportunity to use the property for personal vacations, and the […]
1. Legal Framework and Permissibility The use of sidewalks (vỉa hè) for private or commercial purposes in Vietnam—such as placing tables, parking, or vending—has long been a practical solution in crowded urban areas. However, under Vietnamese law, sidewalks are considered public infrastructure. The Land Law 2013 (Article 5) and Law on Road Traffic 2008 (Article […]
1. Legal Recognition of NDAs Non-disclosure agreements (NDAs) are widely accepted under Vietnamese law, though the term itself is not explicitly defined in legislation. Instead, NDAs are treated as civil contracts governed by the Civil Code 2015. Article 3 and Article 388 of the Civil Code affirm the freedom of contract principle, allowing parties to […]
1. Legal Recognition of Liquidated Damages in Vietnamese Law Liquidated damages refer to a sum of money that contracting parties agree to in advance, which one party must pay if they breach the contract. This concept, common in common law jurisdictions, is also recognized in Vietnam’s civil and commercial legal framework, albeit with certain limitations. […]
Foreign-invested enterprises (FIEs) operating in Vietnam are subject to strict regulatory requirements, including the submission of various reports to ensure compliance with local laws. These reports serve as essential tools for monitoring investment activities, evaluating performance, and ensuring transparency in business operations. Below is a detailed explanation of the key reports that FIEs must prepare, […]