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…
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…
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. Le Thi Kim Oanh is a reputable legal expert known for her profound understanding of legal issues and her effective advisory capabilities for businesses, particularly foreign enterprises operating in Vietnam. With a strong educational foundation, Ms. Kim Oanh specializes in providing comprehensive legal consulting services, ranging from business establishment support, investment licensing, to resolving complex legal matters related to international business operations. She not only helps foreign businesses navigate…
Dear Valued Clients, In recent years, thanks to a favorable business environment, Vietnam is strongly attracting foreign investment capital in many different fields. And with that trend, focusing on and understanding forms of investment is a topic of interest to many international investors. This article will delve into the analysis of investment forms in Vietnam by foreign investors according to Vietnamese law and provide you with a clear overview and…
Dear Valued Clients, The duration of investment projects is the timeframe that an investor registers, and in most cases, is approved by the state authorities to carry out the projects officially. In this article, we will delve into regulations and considerations regarding the timeframe for the operation of investment projects according to Vietnamese law. 1. Concept and Classification of Investment Projects The concept of investment projects is defined in Clause…
Dear Valued Clients, To have a commercial presence by investing in the form of establishing an economic organization in Vietnam, foreign investors need to carry out procedures to apply for an Investment Registration Certificate (“IRC”) for their project in Vietnam. The IRC is one of the essential legal documents that proves the rights of the investors to implement the project, in which records the information regarding the investment…
Dear Valued Clients, A business cooperation contract (“BCC Contract”) is one of the forms of direct investment and commercial presence of foreign investors in Vietnam. However, the characteristic of this model is that the parties cooperate and carry out joint business investment activities based only on a contract without establishing an enterprise. So what are the benefits and risks of investors in this contractual relationship and this form of investment?…
Dear Valued Clients, Over the past decade, policies to support and encourage businesses to invest abroad have been increasingly improved. This has created favorable conditions to expand investment and business activities, improve competitiveness and increase the rate of participation in the international integration process for domestic enterprises. However, for many different reasons, including internal problems within the project and pressure from external factors, many businesses have had to decide to…
Dear Valued Clients, On November 29, 2005, the National Assembly issued the Law on Electronic Transactions No. 51/2005/QH11 (“LET 2005”). However, after nearly 18 years of implementation, LET 2005 has clearly revealed shortcomings as many provisions are no longer consistent with development reality, and fail to respond to the needs of the 4.0 industrial revolution as well as digital transformation and building Vietnam’s digital economy in the coming period. Therefore,…