Dear Valued Clients,  Vietnam law allows enterprises, agencies, organizations and individuals to recruit foreign employees to work in managerial, executive, expert and technical positions. ENT Law LLC would like to send to customers the summary of legal information you need to know related to the procedure for granting work permits of foreigners working in Vietnam. I. RELEVANT LEGISLATION The following legal documents are referenced in this article: 1. Labor Code…

Dear Valued Clients, Bond offering is one of the capital mobilization channels of enterprises besides offering shares, raising equity or borrowing from banks. Within the scope of this article, we would analyze the procedures for the private placement of bonds of a joint stock company as well as comment on this form of capital raising. Relevant legislation The following legal documents are referenced in this article: 1.   Law on…

INTRODUCTION Dear Clients, The use of shares or contributed capital in an enterprise as collateral is a topic of great interest from shareholders, members of the company as well as related parties. The following article will only focus on providing information about the use of shares of unlisted joint-stock companies as collateral in a charge contract. RELEVANT LEGISLATIONThe following legal documents are referenced in this article: 1.  Civil Code No.91/2015/QH13…

Dear Valued Clients, An internal labor regulation is considered as a legal framework governing the behaviors and activities within an enterprise, and is an important tool in human resource management. As from January 1st, 2021, since the Labor Code 2019 has officially taken effect, the promulgation of internal labor regulations is currently considered as a mandatory obligation of enterprises. In addition, drafting and updating internal labor regulations also experience remarkable changes compared…

Dear Valued Clients, As the demand for employment is increasing day by day, signing electronic labor contracts attracts a great deal of attention from both enterprises and employees, especially after the Covid-19 outbreak. In Vietnam, although regulations concerning electronic contract have first appeared in the 2005 Law on Electronic Transactions, those rules have been specifically stipulated in the Labor Code till 2019. Accordingly, since 1 January 2021, the date on…

Dear Valued Clients, Investment capital account is a necessary mean of payment for foreign investors carrying out their investment activities in Vietnam. The following article provides the most basic information about opening and use of investment accounts for certain investors in relation to their investment activities in Vietnam. We hope you find this article helpful and look forward to working with you in the near future. Kind regards, ENT Law…