What is One-Time Social Insurance? Under Article 3 of the 2014 Social Insurance Law, social insurance (SI) is a mechanism that partially compensates workers for income loss due to illness, maternity, occupational accidents, old age, or death. One-time social insurance benefits allow participants to receive a lump sum payment instead of waiting to qualify for […]
In many real estate transactions, buyers may find themselves in a situation where the seller refuses to hand over the land use rights certificate even after receiving payment. This raises concerns about the legal standing of the buyer and the process of transferring ownership. Fortunately, Vietnamese law provides clear mechanisms for handling such cases based […]
Intellectual property rights play a vital role in fostering economic development and protecting national interests. As Vietnam integrates further into the global economy, especially with its participation in international agreements like the Trans-Pacific Strategic Economic Partnership Agreement (TPP), the need to clearly understand the distinctions between different types of intellectual property becomes critical. This article […]
In a competitive market economy, ensuring fairness and transparency in bidding processes is crucial for fostering a healthy business environment. However, anti-competitive agreements, particularly bid-rigging agreements, undermine fair competition and lead to inefficiencies in resource allocation. This document examines the legal framework governing bid-rigging agreements in Vietnam, their consequences, and the conditions under which restricted […]
The following content provides an overview of the regulations regarding personal income tax (PIT) refunds in Vietnam, including cases where a refund is not applicable, the implications of not claiming a refund, and the timeframe for processing refund requests. This information is based on the relevant laws and regulations and is intended to clarify taxpayers’ […]
An investment project contract involving land use is a crucial legal document that governs the relationship between investors and competent authorities or their authorized representatives. It outlines the rights, obligations, and responsibilities of each party, ensuring legal compliance and project feasibility. The following are the essential components that must be included in such a contract: […]