When working in Vietnam, understanding the various types of employment contracts is essential for both employers and employees, particularly expatriates. Vietnam’s Labor Code outlines distinct contract types, each with specific terms that impact job security, benefits, and termination procedures. Whether you’re entering into a fixed-term or indefinite-term contract, a thorough understanding of the legal framework […]
1. Reasons for Termination of Foreign Investment Projects in Vietnam Cases Where Investors Decide to Terminate Their Projects According to Clause 1, Article 48 of the Law on Investment 2020, investors may terminate their investment projects in the following cases: The investor decides to terminate the project. The termination conditions specified in the contract or […]
When disputes arise, the parties involved may choose to resolve them through negotiation, mediation, litigation, or arbitration. Arbitration is a common alternative to litigation in commercial disputes as it is often faster, more efficient, and more confidential than court proceedings. In Vietnam, arbitration agreements in the resolution of commercial disputes are governed by the Law […]
Currently, there is no fixed minimum capital requirement for most businesses entering the Vietnamese market, providing a wide range of opportunities for new entrepreneurs. According to the Enterprise Law, charter capital must be fully paid within 90 days of receiving the business registration certificate. Differences in Minimum Capital Requirement by IndustryThe required capital varies depending […]
Civil contracts and commercial contracts are two prevalent types of agreements in practice. What are the similarities and differences between these two contract types in Vietnam? 1. General The term “civil” can be understood in two contexts: first, in a narrow sense, referring to purely civil matters such as inheritance and family relationships; and second, […]
ODA is an important source of capital for developing countries, including Vietnam. Follow the article below by TLA Law Firm to learn more about ODA. What is ODA capital? Official Development Assistance (ODA) is a form of foreign investment. It’s called “assistance” because these funds often come as low-interest or interest-free loans with long repayment […]