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 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 […]
Vietnam, with its rich cultural heritage, stunning natural landscapes, and rapidly growing tourism industry, has become an attractive destination not only for travelers but also for foreign investors seeking business opportunities in the travel sector. However, investing in and operating travel services in Vietnam involves navigating a complex legal framework, particularly for non-Vietnamese entities. This […]
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, […]