A Business Cooperation Contract (BCC) is a common form of investment and commercial cooperation in Vietnam, particularly in projects involving multiple investors without the establishment of a new economic entity. The determination of the contract value plays a crucial role in defining the rights, obligations, benefits, and risks borne by each party. Vietnamese law provides […]
In practice, it is not uncommon for a landowner to enter into a deposit agreement for the transfer of land use rights while such rights are currently mortgaged to a bank. The critical legal question is whether the deposit agreement executed under these circumstances is valid and enforceable. 1. Governing Legal Framework The legal nature […]
In the course of project implementation, investors may need to change implementation partners such as contractors, consultants, or project management units due to operational, technical, or commercial reasons. However, Vietnamese law does not provide specific provisions directly governing the right or conditions for changing project implementation partners. Instead, such changes must be assessed based on […]
A Business Cooperation Contract (BCC) is a flexible investment instrument widely used in Vietnam, allowing parties to cooperate in business activities and share profits or products without establishing a new legal entity. In practice, parties may seek to restructure their economic interests during the performance of the contract, including the assignment of contractual benefits to […]
In the context of the modern food industry, food processing (manufacturing) contracts play an increasingly important role in enabling enterprises and individuals to outsource production while ensuring compliance with quality, safety, and legal standards. These contracts serve not only as commercial arrangements but also as key legal instruments governing rights, obligations, and liability throughout the […]
1. What is a Foreign-Invested Economic Organization? Pursuant to Clause 22, Article 3 of the Law on Investment 2020, a foreign-invested economic organization means an economic organization having a foreign investor as a member or shareholder. Furthermore, the definition of a foreign-invested economic organization remains unchanged under Clause 22, Article 3 of the Law on […]