In complex business ventures and infrastructure projects, especially those involving design, engineering, and construction, stakeholders often seek streamlined contractual arrangements that reduce coordination burdens and allocate risks more clearly. One such model is the turnkey contract, a legal mechanism that has gained increasing popularity in sectors such as construction, energy, and industrial projects. Under a […]
When foreigners choose Viet Nam as a destination to work, invest or reside, the Visa, Temporary Residence Card (“TRC”) and Permanent Residence Card (“PRC”) are the key documents along their residence journey. Each instrument reflects a different level of connection with the host country. A clear understanding of the legal nature and issuance conditions of […]
The act of foreign nationals adopting children in Vietnam is considered a humanitarian gesture, stemming from the sincere desire to provide a loving home and a brighter future for underprivileged children. However, this process requires not only genuine affection but also strict compliance with legal, ethical, and administrative requirements. Vietnamese law permits such adoptions, but […]
FDI and FII are two common forms of foreign investment, each governed by its own legal framework and characterized by distinct legal features. This article analyzes the core legal differences between FDI and FII, thereby assisting investors and regulatory authorities in accurately identifying and effectively applying these distinctions in practice. 1. Legal Frameworks 2. Similarities […]
As Vietnam continues to attract foreign talent and investment, understanding the personal income tax (PIT) obligations for foreigners becomes essential for both expatriates and the companies that employ them. Whether you’re an individual working in Vietnam or a business hiring foreign staff, this guide provides a clear overview of how to calculate PIT for foreigners […]
In the context of globalization and deeper economic integration, corporate ownership transparency has become a critical focus for improving governance, combating money laundering, and attracting investment. The concept of the “beneficial owner” — the individual who ultimately owns or controls a business entity, even if not formally listed in official records — has gained increasing […]