Legal Responsibilities of Corporate Managers in Business Operations

A corporate manager plays a pivotal role in directing and ensuring that business operations are conducted in compliance with applicable laws. Alongside the authority vested in them, corporate managers are also subject to specific legal obligations. A clear understanding of the legal responsibilities of corporate managers is essential for enhancing governance efficiency, mitigating risks, and […]

IS THE EMPLOYER LIABLE FOR PENALTIES IF THE CONTRACTOR FAILS TO PURCHASE CONSTRUCTION INSURANCE?

The procurement of insurance is a mandatory obligation aimed at ensuring the safety of both the construction works and the labor force. The responsibility for supervising and requiring the contractor to duly perform all its obligations lies with the project owner (employer). Accordingly, negligence in oversight may subject the employer to administrative sanctions. However, in […]

NOTES FOR FOREIGN INVESTORS INVESTING IN THE ESTABLISHMENT OF ECONOMIC ORGANIZATIONS UNDER VIETNAMESE LAW

The establishment of economic organizations in Vietnam by foreign investors is one of the most common forms of international investment. However, this process entails various legal issues related to conditions, procedures, and investment limitations. 1.Definition– A foreign investor is an individual with foreign nationality or an organization established under foreign laws conducting investment and business […]

Who may not establish and manage enterprises in Vietnam?

Before establishing a business in Vietnam, business owners need to know whether they are granted to establish and manage an enterprise? The 2020 Enterprise Law clearly states who may not establish and manage a business. Subjects prohibited from establishing enterprises Pursuant to Clause 2, Article 17 of the 2020 Enterprise Law, the following 7 subjects […]

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