In a modern economy increasingly shaped by innovation and intangible value, intellectual property (IP) has become a central asset of many businesses. In Vietnam, where economic modernization is accelerating alongside commitments to international trade agreements, the recognition of IP as a valuable business resource is growing. However, turning that recognition into economic leverage requires the […]
In modern employment and commercial relationships, protecting legitimate business interests such as customer networks, confidential information, and human resources is essential. One of the mechanisms commonly used to prevent unfair competition is the non-solicitation clause, which restricts a party—usually an employee, former business partner, or agent—from enticing clients or employees away after the relationship ends. […]
In international commerce, construction, and financing transactions, guarantees play a critical role in managing risk and securing performance. Two commonly used forms are the on-demand guarantee and the conditional guarantee. While both serve to assure one party that the other will fulfill their obligations—or face financial consequences—their legal nature, enforceability, and risk allocation differ significantly. […]
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 […]