Issue of September 2024 – Guidance on obtaining a Certificate of Origin in Vietnam for enterprises

Dear Valued Clients, The Certificate of Origin (C/O) functions as an official “passport” for exported goods, serving to verify the nationality of investors’ products and declare their country of origin. This document plays a crucial role in international trade by facilitating customs clearance and potentially unlocking preferential trade benefits. In Vietnam, C/O matters are generally regulated by the Ministry of Industry and Trade (the “MOIT”), while the authority responsible for…

Issue of August 2024 – New policies on the Law on Land No. 31/2024/QH15 dated January 18, 2024 – Some salient notes for investors and enterprises

Dear Valued Clients, On January 18, 2024, the National Assembly officially passed the Law on Land No. 31/2024/QH15 (“Law on Land 2024”). Compared to the Law on Land No. 45/2013/QH13 dated November 29, 2013 (“Law on Land 2013”), the Law on Land 2024 introduces many significant breakthroughs aimed at improving institutions, policies, and enhancing the effectiveness and efficiency of land management and usage. The Law on Land 2024 will officially…

Issue of July 2024 – Decree No. 55/2024/ND-CP of the Government detailing a number of articles of the Law on Protection of Consumers’ Rights

Dear Valued Clients, On May 16, 2024, the Government issued Decree No. 55/2024/ND-CP (“Decree 55”) detailing a number of articles of the Law on, Protection of Consumers’ Rights replacing Decree No. 99 /2011/ND-CP dated October 27, 2011 of the Government (“Decree 99”). Decree 55 is an important legal document protecting consumers’ rights that has a wide impact on many involving businesses, subjects, organizations and individuals, thereby creating a legal framework…

Malaysia’s Public Bank Vietnam to take over RHB Securities Vietnam

Chúng tôi rất vui mừng thông báo rằng ENT Law đã hỗ trợ thành công thương vụ bán 100% phần vốn góp của RHB Investment Bank (RHBIB) trong Công ty TNHH Chứng khoán RHB Việt Nam (RHBSVN) cho Ngân hàng TNHH MTV Public Việt Nam (PBVN). Luật sư của chúng tôi đảm nhiệm tất cả các công việc pháp lý cho thương vụ từ thiết kế giao dịch M&A (Contemplated Transactions), hỗ…

Issue of June 2024 – Decree No. 52/2024/ND-CP of the Government regulating non-cash payments

Dear Valued Clients, On May 15, 2024, the Government issued Decree No. 52/2024/ND-CP (“Decree 52”) regulating cashless payments, replacing Decree No. 101/2012/ND-CP dated November 22, 2012, of the Government (“Decree 101”). Decree 52 is an important legal document in the field of cashless payments, having a wide impact on various sectors, entities, organizations, and individuals. Thereby it helps establish a fundamental and solid legal framework for cashless payment activities in…

Issue of May, 2024 – Update on Decree No. 02/2022/ND-CP dated January 6, 2022 on elaboration of certain articles of the Law on Real Estate Trading

Dear Valued Clients, On January 6, 2022, the Government issued Decree No. 22/2022/ND-CP (“Decree 02”) detailing the implementation of a number of articles of the Law on Real Estate Trading. Decree 02 takes effect from March 1, 2022, replacing Decree 76/2015/ND-CP (“Decree 76”) detailing the implementation of the Law on Real Estate Trading no. 66/2014/QH13 November 25, 2014 (“Law on Real Estate Trading 2014”). In this Legal Update, we would…

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…

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