In Vietnam’s public procurement system, legal clarity regarding the roles and responsibilities of bidders is essential to ensure compliance, transparency, and fair competition. The Law on Bidding 2023, as amended in 2024 (hereinafter referred to as the “Law on Bidding”), provides detailed definitions and conditions applicable to contractors and investors participating in procurement activities. This […]
Franchise is an increasingly common form of business operation and investment across many countries, including Vietnam. It plays an important role in facilitating market expansion and transferring business models efficiently. The following elaboration explains the concept, characteristics, and legal aspects of franchise agreements under Vietnamese law, particularly the 2005 Commercial Law and its guiding regulations. […]
Compensation for damages is a fundamental principle in civil law that ensures justice and fairness between individuals and organizations within the framework of legal relationships. This concept primarily arises from unlawful actions that cause harm to others and serves as a legal mechanism to restore the injured party to their original state, as far as […]
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 […]