Cases Where FDI Companies Can Purchase Foreign Currency for Remittances to Foreign Investors

In accordance with Clause 1, Article 7 of Decree No. 70/2014/ND-CP, a resident is defined as an organization authorized to conduct one-way remittances abroad for the purpose of funding, aid, or other purposes as stipulated by the State Bank of Vietnam. Consequently, the activities of purchasing, transferring, and carrying foreign currency abroad by resident organizations […]

Regulations on Overtime and Nighttime Wage Payments for Foreign Employees in Vietnam

Overtime and night shift work are common in many industries, especially in sectors requiring continuous operations such as manufacturing, healthcare, and logistics. To protect employees’ rights and ensure fair compensation, Vietnam has established specific regulations on wage payments for those working overtime at night. These regulations set out clear guidelines on how wages should be […]

Guide to Obtaining a Citizen Identification Card for Overseas Vietnamese

As Vietnam continues to integrate more deeply into the global community, the management and issuance of citizen identification cards for Vietnamese citizens living abroad has become increasingly important. The citizen identification card is not only a vital identification document but also a tool for exercising legal rights. Therefore, issuing new or reissuing citizen identification cards […]

Conditions for applying anti-dumping duties in Vietnam

Anti-dumping duties are one of the key tools used by countries to protect their domestic industries from unfair trade practices, particularly when foreign products are sold at prices lower than their normal value, causing harm to local businesses. In Vietnam, the application of anti-dumping measures is governed by specific legal frameworks and conditions to ensure […]

Regulations on Anti-Competitive Agreements: Bid-Rigging Agreements

In a competitive market economy, ensuring fairness and transparency in bidding processes is crucial for fostering a healthy business environment. However, anti-competitive agreements, particularly bid-rigging agreements, undermine fair competition and lead to inefficiencies in resource allocation. This document examines the legal framework governing bid-rigging agreements in Vietnam, their consequences, and the conditions under which restricted […]

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