Issue 020524 – Procedures for adjusting the Outward Investment Registration Certificate of projects not subject to approval for their outward investment guidelines

Dear Valued Clients, In recent years, investors transferring investment capital from Vietnam to foreign countries, using profits earned from this investment capital to carry out business investment activities abroad is becoming more and more popular. In order to implement outward investment activity, first of all, investors need to apply for an Outward Investment Registration Certificate (“OIRC”) at a competent state agency. This is one of the important legal documents demonstrating…

Issue 010524 – Instructions for opening and using investment capital accounts

Dear Valued Clients, When investing in Vietnam, foreign investors not only need to pay attention to the regulations on investment registration procedures but also need to pay attention to the regulations on opening investment capital accounts to transfer investment money to Vietnam. Accordingly, investors will carry out procedures to open a direct or indirect investment capital account at a licensed bank according to Vietnamese law to transfer investment money according…

Issue of April 2024 – Policies on investment incentives and support in hi-tech parks according to Decree no. 10/2024/ND-CP of the Government dated February 1, 2024

Dear Valued Clients, In order to solve some obstacles, create more favorable conditions, aimed at promoting development of high-tech parks, on February 1, 2024, the Government issued Decree 10/2024/ND-CP (“Decree 10”), replacing Decree 99/2003/ND-CP on high-tech park regulations and Article 112, Decree 31/2021/ND-CP (amending and supplementing some articles of Decree 99/2003/ND-CP). Decree 10 officially takes effect from March 25, 2024. In this Legal Update, we would like to summarize and…

Issue 010424 – Sectors, trades and market access conditions applicable to foreign investors

Dear Valued Clients, In recent years, Vietnam has become an attractive destination for foreign investors. However, as a way to protect domestic investors, to some investment and business sectors that can have a major impact on society if they are open for investment activities, Vietnam is still setting regulations on technical barriers for foreign investors to access the market, not only to narrow the competitive advantage for domestic businesses, but…

Ms. Nguyen Khanh Linh – Legal Assistant

Ms. Nguyen Khanh Linh is a graduate of Hanoi Law University, with an excellent academic record. Linh has experience in supporting the preparation and drafting of documents and materials related to investment, business, and labor fields. In addition, she possesses proficient language skills in English and Chinese. At ENT, Ms. Linh undertakes tasks related to investment, trade, and labor for foreign investors in Vietnam. Specifically, Linh focuses on supporting client…

Mr. Nguyen To Vinh – Special counsel

Mr. Nguyen To Vinh has obtained an LLM and graduated from Faculty of International Law – the Diplomatic Academy of Vietnam (the Ministry of Foreign Affairs) and has had many years of experience working as an expert and senior manager, who is in charge of legal work for software production and data processing enterprises as well as companies engaging in manufacturing high-tech products. Mr. Vinh also has extensive experience in…

Issue of March 2024 – Implementation of reporting obligations on investment activities of FDI enterprises in Vietnam

Dear Valued Clients, ENT Law LLC (“ENT”) would like to send our respectful greetings and appreciation for your great cooperation in the past time. Pursuant to the provisions of Article 72 of Law on Investment No. 61/2020/QH14 dated June 17, 2020, Article 102 and Article 104 of Decree No. 31/2021/ND-CP dated March 26, 2021, investors/economic organizations executing investment projects are responsible for reporting activities to the investment registration agency and…

Issue of February 2024 – Update on Circular No. 25/2023/TT-BKHDT dated December 31, 2023 on amendment and supplementation of templates related to investment activities in Vietnam

Dear Valued Clients, On December 31, 2023, the Ministry of Planning and Investment issued Circular No. 25/2023/TT-BKHDT (“Circular 25”) on amending and supplementing a number of articles of Circular No. 03/2021 /TT-BKHDT dated April 9, 2021, of the Minister of Planning and Investment prescribing templates for documents and reports related to investment activities in Vietnam, outward investment activities and investment promotion activities (“Circular 03”), effective from February 15, 2024. In…

Issue of January 2024 – Vietnam officially applies Global Minimun Tax from January 1, 2024

Dear Valued Clients, In recent years, the global minimum tax has been an issue that has received a lot of attention from both the foreign investors and recipient countries community. To implement the global minimum tax regulations, on November 29th, 2023, the National Assembly officially passed Resolution No. 107/2023/QH15 (“Resolution 107”) on the imposition of top-up corporate income tax (“CIT”) under the Global Anti-Base Erosion (GloBE) model rules and applicable…

Ms. Duong Thi Minh Huyen – Intern

Ms. Duong Thi Minh Huyen is an enthusiastic undergraduate currently studying Economic Law at Hanoi Law University. Ms. Minh Huyền has experience assisting lawyers in providing legal advice for various complex cases related to business, labor, investment, construction, nationality, and various fields. In her role at ENT, Minh Huyền focuses on researching legal issues, drafting advice, and answering clients’ legal questions. Additionally, she actively participates in academic competitions in the…

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