When the State recovers land for public purposes, infrastructure development, or national projects, affected landowners and users are entitled to compensation under specific legal conditions. Understanding these conditions is crucial for ensuring fair treatment and compliance with the law. According to Clause 1, Article 95 of the Land Law 2024, those eligible for land-related compensation […]
In Vietnam, foreign companies or individuals conducting business or providing services within the country are subject to specific tax regulations. One of the key taxes they must comply with is the Foreigner Contractor Tax (FCT). This tax applies to foreign contractors and subcontractors working in Vietnam, covering both income earned within the country and the […]
Many businesses seek to convert their foreign loans into capital contributions as a strategy to strengthen their financial position. This practice raises important questions about legal compliance and financial regulations. Before undertaking such a conversion, companies must understand both the requirements and implications of transforming debt into equity capital. 1. The legal basis for converting […]
In Vietnam, certain investment projects require approval from the National Assembly before they can proceed. This approval process is a critical step for large-scale or strategically important projects that could impact the country’s economy, environment, or social welfare. Understanding which projects need to obtain this approval is essential for both domestic and foreign investors to […]
Public investment plays a crucial role in driving the socio-economic development of a country. It refers to the state’s investment in various infrastructure projects and public services, primarily funded through the national budget. This article explores the key aspects of public investment in Vietnam, including its definition, subjects, management principles, and prohibited acts. 1. What […]
On November 26, 2024, the government issued Decree 154/2024/ND-CP detailing several articles and measures to implement the Law on Residence. This Decree will take effect from January 10, 2025, replacing Decree 62/2021/ND-CP. Therefore, we will update new regulations guiding the Vietnam Law on Residence under Decree 154/2024/ND-CP. 1. New regulations on the residence of people […]