Foreign-Invested Enterprises (FIEs) operating in Vietnam must adhere to a strict legal process when ceasing operations, whether due to a shift in business strategy, market difficulties, or regulatory breaches. This procedure is governed primarily by the Law on Investment 2020 and the Law on Enterprises 2020 (amended in 2025). A thorough understanding of this framework […]
Mobilizing capital from foreign financial institutions is a common activity for Foreign Invested Enterprises (FIEs) in Vietnam. To protect their interests, offshore lenders almost always require the FIE to use its assets in Vietnam as collateral. In this context, the registration of the secured transaction becomes a key requirement to establish effectiveness against third parties, […]
1. General Conditions for Naturalization in Vietnam 2. Cases Eligible for Waiver of Certain Conditions Applicants may be exempted from some or all conditions on Vietnamese language, residence, and financial means if they: 3. Retention of Foreign Nationality Applicants who qualify for exemptions under Clause 2 and Clause 3 of Article 19 may retain their […]
Tourism is playing an increasingly important role in Vietnam’s economy, especially in the context of international integration and sustainable development. Among the key sectors directly shaping the visitor experience is tourist accommodation. To ensure quality, safety, and professionalism, Vietnamese law establishes specific requirements for businesses, organizations, and individuals engaged in this service. This article explains […]
1. Definition of a foreign contractor According to Clause 29, Article 4 of the Law on Bidding 2023, a foreign contractor is defined as an organization established under foreign law or an individual holding foreign nationality who participates in bidding activities in Vietnam. This definition establishes the legal identity of foreign contractors, whether as organizations […]
Vietnam has become an increasingly attractive destination for foreign nationals who come to live, work, and invest. Along with this trend, residence management has emerged as a matter of significant importance, requiring foreigners to comply with Vietnamese laws and administrative procedures strictly. The Temporary Residence Card (TRC) is a crucial legal document that enables foreigners […]