Dispute Law Firm in Vietnam

ANT Lawyers law firm could assist clients on dispute resolution matters throughout Vietnam from offices in Ho Chi Minh City, Hanoi and Da Nang.

Dispute law firm in Vietnam

We have dispute attorneys in Hanoi, Da Nang and Ho Chi Minh City with qualification and experience to assist client to resolve dispute in Vietnam.

We have been representing clients in dispute in various sectors i.e. dispute in international trade, dispute in commercial transactions, dispute in partnership or shareholder agreement, dispute in property sales and purchase, dispute in real estate, dispute in intellectual property, dispute in banking and finance, dispute in maritime matters.

Our expertise, experience, and understanding of Vietnam culture allow us to offer client a suitable and flexible solutions to the matters, taking into consideration of commercial perspective of the issues the client face, and take the client throughout the stages of litigation proceeding at Vietnam national or provincial courts, and arbitration centers.

If possible, we advise client on alternative dispute resolution, including mediation, which our dispute lawyers are well trained and certified internationally in US and EU with adaption of skills to Vietnam cultures to help client resolve conflicts without formal proceeding to save cost, time and maintain the relationship between disputed parties.

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Quick Tips for Foreigners to Set up Company in Vietnam and Comply?

Investment to set up company in Vietnam is encouraged

An individual with foreign nationality or an organization established under foreign law could register investment and conduct business activities in Vietnam. Foreign investors are permitted to engage in any legal business, however, there are some specific industries that investors must meet the required conditions to be able to register investment. Some few areas that foreign investors are not permitted to conduct business in Vietnam for the reason for national security or state monopoly.

Read more => Quick Tips for Foreigners to Set up Company in Vietnam and Comply?

How to Determine Labour Relationship under Labour Code?

What is a labour contract in Vietnam?

Regarding the probationary contract, Labor Code allows employees and employers to agree on the content of the probationary period in the labor contract itself or sign a separate probationary contract. The agreement on the content of the probationary period in the labor contract will cause some insurance obligations to the insurance agency, therefore, the employer and the employee need to carefully search relevant legal provisions in order to negotiate and agree on the contents of the labor contract to ensure compliance with the law and the rights and obligations of both parties.

Read more => How to Determine Labour Relationship under Labour Code?

When Labour Dispute over Bonus Issue Arise and How to Resolve?

A labor dispute means a dispute over rights, obligations and interests among the parties during the establishment, execution or termination of labor relation; a dispute between the representative organizations of employees; a dispute over a relationship that is directly relevant to the labor relation. Labor disputes over bonuses can be individual labor disputes or collective labor disputes. The competence authority to settle labor disputes belongs to the Labor Mediator, the Labor Arbitration Council, and the People’s Court. Normally, individual labor disputes or collective labor disputes must go through the mediation procedure of the labor mediator before referring to the court to settle, unless otherwise provided for by law.

Read more => When Labour Dispute over Bonus Issue Arise and How to Resolve?

How to Resolve Disputes in Labour in Vietnam?

Both employees and employers can consult labour dispute lawyers in Vietnam to understand the labour law and protect their rights.

A labour dispute is one of the most common disputes in society, in particular it means a dispute over rights, obligations and interests among the parties during the establishment, execution or termination of labor relation; a dispute between the representative organizations of employees; a dispute over a relationship that is directly relevant to the labor relation.

Read more => How to Resolve Disputes in Labour in Vietnam?

Divorce Dispute Lawyer in Vietnam Help Advice Procedures

How divorce dispute lawyer in Vietnam could help?

The procedure for divorce in Vietnam involving foreign elements is one of the complicated procedures. Therefore, when implementing this procedures, the parties need to pay attention to the related legal provisions to avoid problems when conducting the divorce procedure in Vietnam or involve divorce lawyer in Vietnam for assistance in preparing documents and filing petition, especially if there are potential dispute in custody or common assets, properties division.

Read more => Divorce Dispute Lawyer in Vietnam Help Advice Procedures

Real Estate Dispute Law Firms in Vietnam Discuss Land Disputes

What are land dispute resolutions in Vietnam?

Land use right dispute means a dispute over the rights and obligations of land users among two or more parties in a land use right relationship.

In case of conflict over land, what should parties do to settle dispute? If negotiation or mediation work, that is great.  What if the alternative dispute resolutions do not help?  Hence land dispute can be settled at court or settlement procedures at state administrative agencies.

Firstly, for some type of land disputes, conciliation procedure at commune-level People’s Committee of the locality where the disputed land is located is mandatory condition and procedure.

Read more => Real Estate Dispute Law Firms in Vietnam Discuss Land Disputes

Real Estate Dispute Lawyers in Vietnam Could Help with Property Disputes

What Are Real Estate Issues During Transaction: How Real Estate Dispute Lawyers in Vietnam Could Help?

The real estate market is always an attractive market with a large source of potential speculative profits for investors.  Because real estate transaction is always high in value, and buying a property for most people is always a life time important decision, and many times with the financial support from the bank, therefore in developed country, real estate lawyers are always involved in all steps of the transaction to ensure the legitimate transfer of the property.  When dispute arise, real estate dispute lawyers in Vietnam will then be referred to for advice and representation.

Read more => Real Estate Dispute Lawyers in Vietnam Could Help with Property Disputes

Dispute Resolution with the Help of Arbitration Lawyers in Vietnam

Dispute Resolution Through Arbitration

In Vietnam, most of contracts refer to litigation at court as a method of dispute resolution.  The overload of works the court might make dispute resolution taking over a long period of time, discouraging disputants to use litigation at court.  Thing has changed over the last 10 years or so after the introduction of Law on Arbitration. In the current business environment, many lawyers have been introduced to arbitration as an effective ways to resolve disputes whom in term refer clients to use arbitration clause in the contract.

Visit us => Dispute Resolution with the Help of Arbitration Lawyers in Vietnam

What are Languages in Arbitration Proceedings in Vietnam?

Article 10 of the Vietnam Law on Commercial Arbitration says that if both parties are Vietnamese, the language used in arbitration proceedings to settle a dispute is Vietnamese, or a language agreed upon by both parties if one of them is a foreign-owned business. Specifically:

What are Languages in Arbitration Proceedings

Except for disputes in which at least one party is a foreign-invested enterprise, the language of arbitration is Vietnamese for disputes with no foreign component. A dispute party may employ an interpreter if it is unable to speak Vietnamese.

For questions including unfamiliar components or debates to which no less than one party is an unfamiliar contributed undertaking, the gatherings will agree on the language to be utilized in arbitral procedures. The arbitration council will decide on the language to be used in arbitration proceedings if they do not have such an agreement.

Arbitration lawyers in Vietnam can also help clients with a variety of issues, such as choosing an arbitrator, choosing the rules for the arbitration, choosing an ad hoc or institutional arbitration, choosing a location for the arbitration, and getting an arbitral award enforced.

How Trademark Licensing in Vietnam Works?

Vietnam's intellectual property law governs the licensing of industrial property subjects in general and trademarks in particular. As a result, when a trademark is licensed in Vietnam, the owner (the licensor) grants permission to another party (the licensee) to use the trademark in Vietnam under terms and conditions that have been mutually agreed upon.

How Trademark Licensing in Vietnam Works?

The nature and quality of the products or services associated with the trademark are still under the control of the licensor.

Quality control is the most important aspect of trademark licensing in Vietnam because buyers expect consistent quality from trademarked goods or services regardless of where they are purchased or used.

To avoid disputes in trademark licensing in Vietnam, permission must be granted in writing.

What are the advantages of trademark licensing in Vietnam?

Trademark licensing in Vietnam could bring great advantages as following:

  • Additional revenue
  • Territorial expansion
  • Benefits from others’ manufacturing, sales, distribution, marketing skills
  • New channels of distribution
  • Discontinued marks
  • Strategic partnerships
  • Convert a trademark infringer into a partner
  • Increase consumer recognition and advertising

Forms of trademark licenses in Vietnam

Trademark licensing in Vietnam may take the following forms:

  • Franchising
  • Merchandising
  • Brand extension
  • Co-branding
  • Components or ingredient branding
  • Standards

What kinds of contracts exist for trademark licensing in Vietnam?

Licensing of trademark includes the following types: Exclusive contract, Non-exclusive contract, Sub-license contract.

-First, an exclusive contract is one in which the licensee has exclusive use of the licensed trademark within the scope and duration of the licensing agreement, while the licensor is prohibited from using the licensed trademark without the licensee's permission.

-Second, a non-exclusive contract is one in which the licensor retains the right to use the trademark and enter into a non-exclusive trademark license agreement with others within the scope and duration of the licensing agreement.

-Thirdly, trademark sub-license contract mean an agreement under which the licensor is a licensee of the option to utilize such brand name as per another agreement.

What is included in the Vietnam trademark licensing contract?

In a the agreements, having the accompanying contents is required: complete names and addresses of the licensor and of the licensee; reasons for licenses; type of contract; scope of licensing, including territorial and use right restrictions; contract duration price of a license; rights and responsibilities of the licensee and licensor. To deal with potential disputes that may arise between parties during the execution of trademark licensing in Vietnam, it is essential to establish regulations regarding the dispute resolution process for trademark licensing.

The parties must also consider the legality of this contract in addition to the aforementioned provisions. In contrast to assignment contracts for trademarks in Vietnam, where they must be registered at the National Office of Intellectual Property of Vietnam before they can take effect, licensing contracts for trademarks do not require such registration. When the licensor loses its trademark rights, the licensing agreement will automatically end.

Our Intellectual Property attorney can assist the client with any additional inquiries or requests for legal counsel regarding trademark licensing in Vietnam or a dispute in trademark licensing contract.

Rights and Obligations of Foreigners Owning Properties in Vietnam

The ownership of houses by foreigners in Vietnam has changed significantly toward more openness under the current Vietnamese law. However, home ownership of foreigners and Vietnamese residents are still different.

Rights and Obligations of Foreigners Owning Properties in Vietnam

Foreign ownership of a home is only permitted in commercial housing construction projects (i.e., newly formed residential areas) and not in an area designated for national defense and security. The foreigner only receives the value of the house in the event of a donation or inheritance of a house that is not subject to this above regulation.

The foreigners combined may not buy, rent and purchase, receive, inherit and own more than 30% of apartments in an apartment building;  or no more than 250 separate houses, including villas and row houses, in an area with a population that is comparable to that of a ward-administrative division.

In a space whose populace is identical to that of a ward, on the off chance that there is a business lodging development project available to be purchased or rent buy, the amount of confined houses that might be possessed by outsider is determined underneath: where the amount of separated places of a task is less than 2,500, outsider might take ownership of 10% of the places of such undertaking; where there is just a single venture whose amount of disconnected houses is comparable to 2,500 houses, outsiders might take ownership of 250 places of them; Foreigners may own up to 10% of the houses in each project if there are two or more projects and the total number of detached homes is less than 2,500. In case a house is donated or inherited in excess of the number of houses under this regulation, only the value of that house is entitled.

The outsiders are qualified for the homeownership as concurred in settlements on lodging deal, rent buy, giving, or legacy for notmore than 50 years from the date of issuance of the Endorsement and have can be stretched out further as per the Public authority's guidelines in the event that the need emerges; The Certificate must specify the length of ownership of the house.

In the event that a foreign individual weds a Vietnamese resident or an abroad Vietnamese, he/she can possess a steady, long haul house and has similar rights as a Vietnamese citizen.

The foreign organization is eligible for homeownership in accordance with housing sale, lease purchase, gifting, or inheritance agreements for no more than the period stipulated in their Certificate of Investment—including extension period—and the period stipulated in that Certificate. The period of homeownership begins on the day the Organization is Given the Certificate and is stated in that Certificate.

Furthermore, foreign organizations and foreign individuals allowed to enter Vietnam have similar commitments as Vietnamese residents however should consent to the accompanying arrangements:

If the homeowner is a foreign individual, he/she is entitled to lease house for lawful purposes provided that he/she notifies the agency of district in charge of housing where the house is located of housing lease as prescribed in regulations of the Minister of Construction and pays taxes on housing lease as prescribed before leasing houses. In the event that a foreign individual gets married to a Vietnamese resident or an oversea Vietnamese, he/she fits the bill for steady and long haul homeownership and has all privileges of property holder similarly to Vietnamese residents.

If the homeowner is a foreign business, their house is only available to their employees; they can't use it for rent, offices, or anything else.

The above are arrangements on rights and commitments of foreign organizations and individuals while owning properties in Vietnam. For specific matters, please consult with real estate dispute lawyers in Vietnam for legitimate guidance for the property exchange from store understanding, house deals and buy arrangement, and enlistment of proprietorship with experts for authentication of land utilize right, or house owership declaration of to keep away from property questions in Vietnam, where the house possession, land use privileges are limited for outsiders.

Italian investors want to invest in Vietnam

Economic and trade cooperation between Italy and Vietnam has created an exciting period than any time in recent memory. As of late, the Italian government has included Vietnam in the rundown of 20 nations that keep focusing on advancing exchange and venture until 2030.

Italian investors want to invest in Vietnam

On July 5th, 2022, the Vietnam-Italy Economic Cooperation Seminar the subject "Vietnam – A business and investment destination for Italian businesses" was organized by the Federation of Industry of Pisa province and Italian Chamber of Commerce in Vietnam (ICHAM), with the cooperation of Vietnamese Ambassador to Italy, the designation of the Embassy, heads of Pontedera cities, Pisa, Cascina, Calcinaia, heads of the Confederation of Industry of Pisa Province, and local businesses of the area of Pisa and the Tuscan region.

Vietnam is as of now Italy's biggest exchanging accomplice the Relationship of Southeast Asian Countries (ASEAN), while Italy is Vietnam's fourth biggest accomplice in the European Association (EU). Two-way exchange turnover 2021 will arrive at USD 5.6 billion, the most significant level ever, an increment of 20% contrasted with 2020. There are in excess of 110 Italian ventures putting resources into 18 regions and urban communities of Vietnam and working effectively. As of late, the Italian government kept on remembering Vietnam for the rundown of 20 nations that keep on focusing on advancing exchange and speculation until 2030.

Why Italian companies should invest and do business in Vietnam?

One is the dynamism of Vietnam's economy. Second, the deep integration of Vietnam's economy, which is a member of 16 Free Trade Agreements (FTAs) at the moment. These FTAs include brand-new and substantial ones like EVFTA, RCEP, and CPTPP. Third is Vietnam's changes and improvement needs. Fourth is the actions to help from the Italian government for organizations, particularly little and medium undertakings, in advancing "Made in Italy" items and internationalizing developing business sectors. Fifth is the reinforcing of trades and common figuring out between the people groups of the two nations.

The Vietnam Ambassador accepts that the meeting is a valuable chance to trade data and the kickoff of new participation projects sooner rather than later among Tuscany and Vietnam to upgrade this profoundly expected reciprocal collaboration. The Vietnam Ambassador communicated his expectation that an ever increasing number of Italian organizations overall and Toscana specifically will proceed with the outcome of Italian organizations putting resources into Vietnam, setting up company in Vietnam exploiting Tuscany area, with qualities in social qualities, long history, the travel industry, cooking, wine, design and workmanship items, and high innovation.

A representative of Esanastri printing organization, which has a factory set up in Vietnam, underscored that, notwithstanding lengthy involvement with the field of assembling silk-printed enhancements and 3D logos, as well as future arranging while moving the creation of head protector decorations, glue illustrations and 3D symbols to Vietnam, it was the cordial business climate in Vietnam that turned into an unequivocal variable for the improvement of the organization. Until now, Esanastri Vietnam has 50 workers and has produced more than half a million decorations with a turnover of about 3 million euros in 2021.

A representative of Segis organization, which likewise has a factory set up in Vietnam, imparted to the gathering participants about the triumphs of Segis Vietnam organization when the organization's furniture items with own plan has won many plan grants from the Modern Plan Relationship in Italy (Compasso D'oro), traded to Italy, Europe and USA for the beyond 10 years.

Vietnam Ambassador has required the help of the city experts in illuminating and supporting businesses doing business and investing and establishing companies in Vietnam, making good circumstances for trade exercises, culture and exchange among Vietnam and Italy inside the system of exercises to praise the 50th commemoration of the foundation of political relations between the two nations.

How ANT Lawyers – International Law Firm in Vietnam Could Help Your Business?

ANT Lawyers is a reliable law firm in Vietnam with English speaking lawyers and has been ranked as a leading law firm by well-known legal editorials, including The Legal 500. The firm is an exclusive Vietnam law firm member of Prae Legal, a global law firm network

ANT Lawyers - International Law Firm in Vietnam

ANT Lawyers – An International law firm in Vietnam has a team of experienced lawyers who can help with a wide range of legal matters, including:

Corporate law

M&A

Dispute resolution

Intellectual property

Real estate

Labor law

Tax law

Immigration law…

Related Post: English speaking law firm in Hanoi

Why you should choose ANT Lawyers?

-Experienced English speaking lawyers

-Strong international network

-Excellent reputation

-Reasonable fees

-Client satisfaction: ANT Lawyers has a high client satisfaction rating.

-Continuing education: The lawyers at ANT Lawyers are constantly attending continuing education courses to stay up-to-date on the latest legal developments.

Overall, ANT Lawyers is a reliable law firm in Vietnam that can provide you with high-quality legal services.

ANT Lawyers - Your Reliable Law Firm in Vietnam

Company Formation in Vietnam?

Foreign investors may put resources into the type of 100 % funding to set up company  in Vietnam, being joint stock company, limited liability company, partnership company. In recent years, the openness policy of the Vietnamese government has made company formation in Vietnam easier.

Vietnam company formation

To receive investment registration certificates, first-time foreign investors in Vietnam must have investment projects and complete investment registration or examination procedures at state investment agencies.

Business registration certificates shall concurrently be investment certificates. Company with 100% foreign capital has established and operated from the date of issuance of the business registration certificates

Vietnam company formation dossiers

-Registration/Request for issuance of Investment Certificate;

-A report on financial capability of the investor;

-Draft of the company’s charter;

-List of members of company;

-Copy of the people’s identity card, passport or other lawful personal certification, for individual members;

-Copy of the business registration certificate or establishment decision, or other equivalent document, for member organizations;

-Copies of the people’s identity card, passport, the authorization document, or other lawful personal certification, for authorized representatives.

-Within three months of the date of submission of the business registration dossier, copies of the foreign member organizations' business registration certificates must be authenticated by the organizations' registered agencies;

-Written authorization of the investor in case investor is organization and valid copy of  the legitimate individual affirmation of the approved delegate. Documents in foreign languages must be converted into Vietnamese, authenticated and legalized;

-The Business Cooperation Contract (BCC) or the joint-venture contract

-Other documents required by Vietnam law

Vietnam company formation would take anywhere from 30 days. If the investment area is conditional or the State government must examine the investment project, additional time may be required.

Special licenses, minimum capital or other conditions might be required in certain investment projects.

How a law firm in Vietnam would help with company formation in Vietnam?

While the process of company formation in Vietnam is straight forward more often than not, there are numerous circumstances which it would be better that the client draws in a law firm in Vietnam to help with record planning, legitimate interpretation, legally approbation, and verification of utilization dossiers.

Legal Guidelines in Buying Property for Foreigners in Vietnam

Vietnam has improved as a spot for outsiders to visiting and remaining. Many picked Vietnam as home and they come to Ho Chi Minh City, Ha Noi, Da Nang, Phu Quoc, Nha Trang… to purchase genuine property for residing. Numerous outsiders think about looking for understanding and with the warning of their real estate dispute attorneys in Vietnam to buy the property under their name for wellbeing assurance. There are various outsiders look to help out nearby Vietnamese under speculation consent to put resources into properties. It has forever been recommended the purchaser or financial backer to get legitimate guidance from real estate lawyers and law firm in Vietnam prior to committing the speculation partially.

As per the Law on housing 2005, foreign organizations and individuals putting resources into development of houses available to be purchased and rent in Vietnam reserve the option to possess the houses in Vietnam. Nonetheless, as per the arrangements of the Law on housing 2014, the house proprietors extend and incorporate outsiders being financial backers fabricating the houses under financial backer activities, unfamiliar associations working in Vietnam and unfamiliar people being permitted to enter Vietnam under the arrangements of the Law on Entry, Exit, Transit and Residence of Foreigners; furthermore, are not qualified for conciliatory honors and resistances.

Under the arrangements of the Law on housing 2014, unfamiliar associations and people are permitted to possess lofts, individual houses (villas and townhouses) in business lodging projects. The all out number of unfamiliar people/associations possessed doesn't surpass 30% of a high rise or doesn't surpass 10% or 250 places of a lodging project. Unfamiliar people might claim houses for as long as 50 years and are permitted to reach out for close to 50 years. Unfamiliar associations own the houses as indicated by as far as possible on the Investment Registration Certificate and the expansion time frame. During the hour of claiming the houses, unfamiliar people are permitted to sublease, yet unfamiliar associations are not permitted to sublease the houses.

For foreign individuals/organizations, while purchasing the houses in Vietnam, it is important to have a very much drafted deal for buy and offer of the houses since all freedoms and commitments connected with the buy, deals and responsibility for are managed in the agreement. Consequently, the purchaser ought to consider the agreement cautiously, generally with the assistance of real estate dispute lawyers in Vietnam whom comprehend Vietnam regulations prior to marking, to safeguard their genuine privileges and interests.

The foreigner while trading the houses, particularly off-plan house, need to likewise focus on the guidelines on installment plan for the agreement. As per Article 57 of the Law on housing 2015, the installment in the buy, deals, rent deals of the off-plan land in Vietnam is completed in portions, and the initial time should not surpass 30% of the agreement esteem, the following times should be as per the development plan, in any case, not surpassing half of the agreement esteem when not gave over when the purchaser is an undertaking with unfamiliar venture, not surpassing 70% the worth of agreement, in the event that the purchaser is the outsider individual the installment isn't surpass half the worth of the agreement prior to surrendering the house to the purchaser. Until the purchaser is given with an endorsement of land utilize right, responsibility for and different resources joined to the land, the purchaser will pay something like 95% the worth of agreement.

Foreigners in Vietnam should be helped to be know all about the regulations connecting with the buy and offer of real estate to safeguard their authentic privileges and interests while taking part in exchanges in Vietnam. The foreigners actually must consider utilizing the administrations of real estate dispute law firm in Vietnam having some expertise in land to advise and help manage the transaction.

The Importance of Legal Translation Services in Vietnam

In an undeniably globalized world, viable correspondence across language boundaries is essential, especially in legitimate issues. Legitimate interpretation administrations in Vietnam assume an essential part in crossing over language barriers and guaranteeing precise comprehension and translation of lawful messages and records.

Ensuring Accuracy and Precision of Translation Services in Vietnam

Legal translation is a profoundly specific field that requests mastery in both legitimate ideas and language proficiency. The complicated idea of overall sets of laws, phrasings, and designs expects interpreters to have thorough information on the source and target dialects, as well as profound experience with the legal systems involved.

In Vietnam, where official procedures and documentation are directed in Vietnamese, the requirement for exact interpretation emerges while managing worldwide exchanges, contracts, protected innovation freedoms, and other lawful issues including unfamiliar elements. Failure to effectively translate legal documents can prompt misconceptions, legal disputes, and compromised arrangements, possibly bringing in financial loss or damage to reputation.

Accuracy is vital in lawful interpretation, as even a minor blunder or exclusion can have huge results. Legitimate experts depend on exact and dedicated interpretations to accurately appreciate and decipher authoritative reports. By using proficient legal translation services in Vietnam, clients benefit from interpreters who have phonetic abilities as well as particular lawful information. These interpreters comprehend the intricacies of lawful wordings, guaranteeing that each term and idea is precisely deciphered, saving the expected importance and legitimate ramifications of the original document.

Besides, proficient lawful interpreters follow a thorough quality control process, including editing, altering, and checking, to ensure the precision and consistency of the translated text. This attention to detail guarantees that clients can believe the interpreted reports for lawful purposes, staying away from potential legal traps brought about by wrong interpretations.

Language is profoundly interwoven with culture, and legitimate interpretation should consider social subtleties to pass on the expected message precisely. With regards to Vietnam, a country with its own special social and lawful qualities, proficient legitimate interpreters have a nuanced comprehension of the local legal system This commonality permits them to precisely interpret lawful ideas and adjust the language to line up with social standards and legitimate practices.

In the legal field, time is frequently of the essence. Proficient legitimate interpretation administrations in Vietnam focus on convenient conveyance without compromising exactness. Interpreters stick to settled cutoff times, empowering clients to continue with official procedures, agreements, or exchanges without pointless deferrals. Furthermore, legitimate interpretation specialist organizations maintain severe secrecy norms. Secrecy arrangements and secure information taking care of conventions are executed to safeguard clients' data, guaranteeing that lawful interpretations are dealt with the greatest possible level of amazing skill and privacy.

In conclusion, in the present globalized legal scene, precise correspondence is basic for fruitful legitimate results for financial backers and money managers carrying on doing business in Vietnam. The utilization of expert legal translation services in Vietnam ensures precision, keeps up with the trustworthiness of legitimate correspondences, and improves the general viability of legitimate cycles in Vietnam's assorted and dynamic legal environment.

2023 Tax Filing Deadlines You Need to Know in Vietnam

According to the provisions of Vietnam tax law, on monthly or quarterly companies will need to submit various types of tax reports and tax returns: License fees; Value added tax declaration; Personal income tax return; Corporate income tax finalization declaration. Knowing the deadlines for submitting tax reports and paying taxes on time not only helps companies proactively capture information and arrange for tax payment in accordance with state regulations, but also avoids many risks. Risk of penalties for violations in the field of tax laws occur if the declaration is filed late, or not filed. Company also could hire professional specializing in tax matters or tax lawyers for advice in the area of tax compliance in Vietnam to improve the efficiency and optimize business strategies.

What is deadline for filing Vietnam annual license fee?

Annual license fee is the amount the enterprise must pay annually based on the amount of charter capital stated on the certificate of business registration, and to be paid annually since the starting of the business. The company(except business households and business individuals) which has been newly established (including small and medium-sized enterprises converting from household businesses) or has established more dependent units, business locations has to file the license fee declaration dossiers no later than January 30th of the following the year of establishment or starting of business activities, production and business activities. In case the enterprise has a change in charter capital during the year, the enterprise shall submit the license fee declaration dossier no later than January 30th of the year following the year in which the changed information arises.

What is deadline for filing value added tax (VAT) in Vietnam?

This is an indirect tax, calculated based on the added value of goods and services that consumers have to pay when buying goods or services. The person who directly fulfills the tax payment obligation to the tax authority will be an enterprise or a production unit. The deadline for submitting VAT declaration dossiers is the 20th day of the month following the month in which the tax liability arises, for enterprises that declare and pay monthly; and the last day of the first month of the quarter following the quarter in which tax obligations arise for enterprises that declare and pay quarterly.

What is deadline for filing corporate income tax (CIT) in Vietnam?

Corporate income tax is a tax calculated based on the profit of an enterprise, which is a percentage of the positive result of revenue after deducting reasonable expenses i.e. cost of goods or services, rent, salary, travel,… as prescribed by the Law on Corporate Income Tax. For corporate income tax, enterprises will temporarily pay quarterly, and the deadline for tax payment is the 30th day of the first month of the next quarter.

What is deadline for filing personal income tax (PIT) in Vietnam?

Personal income tax is a tax paid by a company on behalf of employees working at the company. Personal income tax is calculated on a monthly basis, and be declared monthly or quarterly and settled annually. If the enterprise declares and pays personal income tax on a monthly basis (in case the enterprise declares value added tax on a monthly basis and the payable personal income tax amount in the month of VND 50 million or more), the deadline of filing PIT is no later than the 20th day of the following month. If the enterprises declare and pay personal income tax quarterly (in case the enterprise declares value added tax quarterly or the enterprise declares value added tax on a monthly basis and the amount of personal income tax must be paid is less than 50 million dong in a month), the deadline for filing PIT is no later than the 30th day of the next quarter.

It is important to file tax reports of all kinds on time but it is also equally important to manage the tax filing, and paying properly in a way that maximize the benefits of the company according to tax law taking advantage of deduction allowable by laws. Hence tax experts and tax lawyers could be consulted for advice on the regulations and tax laws in Vietnam.

ANT Lawyers, a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to international trade and tax to update clients on regular basis.

You could learn more about ANT Lawyers International Trade and Tax or contact our International Trade Dispute Law Firm in Vietnam for advice via email ant@antlawyers.vn or call our office at +84 28 730 86 529

Source ANT Lawyers: https://antlawyers.vn/library/tax-filing-deadlines-you-need-to-know-in-vietnam.html

What is Business Registration Certificate in Vietnam?

Business registration certificate is considered a legal document of an organization, which is a paper or electronic document that records information related to business registration that the Business Registration Authority grants to an enterprise.

How to Obtain Business Registration Certificate in Vietnam?


According to the provisions of the Law on Enterprises, a business registration certificate must contain the following principal contents: Enterprise name and enterprise code; Address where the head office of the enterprise is located; Full name, contact address, nationality, number of legal papers of the individual, for the legal representative of limited liability companies and joint stock companies; for general partners of a partnership company; for business owners of private enterprises. Full name, contact address, nationality, number of legal papers of the individual, for members being an individual; name, enterprise identification number and head office address of the member being an organization, for limited liability companies; Charter capital for companies, investment capital for private enterprises.

In which, the name of the enterprise must be a Vietnamese name consisting of two elements: type of business and proper name. Currently, Vietnam recognizes four types of enterprises: limited liability companies, joint stock companies, partnerships and private enterprises. The enterprise’s proper name can be written with the letters of the Vietnamese alphabet, the letters F, J, Z, W, numbers and symbols. The enterprise code element recorded on the Certificate of Business Registration is a series of numbers created by the National Information System on Business Registration, issued to an enterprise upon its establishment, and recorded on the Certificate of Business Registration. Each business has only one unique code and that code will not be reused for other businesses.

The business registration can be carried out directly at the Vietnam Business Registration Office or through the postal service or through the electronic information network. If choosing the form of enterprise registration via electronic information network, the enterprise founder shall submit an application at the National Enterprise Registration Portal. Business registration documents will be presented in electronic form and have the same legal value as paper business registration documents.

The business registration agency is responsible for reviewing the validity of the enterprise registration dossier and granting the Business registration certificate within 03 working days from the date of receipt of the application. In case the application is not sufficient or not prepared according to the regulations, the business registration agency must notify in writing the contents that need to be amended and supplemented to the enterprise founder. If the business registration authority refuses to register the enterprise, it must notify in writing the enterprise founder and clearly state the reasons. The company could prepare its own submissions or hire a Vietnam business lawyers to assist with the submissions.

With highly professional staff and great experience in foreign investment, ANT Lawyers could help to support you to Obtain Business Registration Certificate in Vietnam.

Source ANT Lawyers: https://antlawyers.vn/library/what-is-business-registration-certificate-in-vietnam.html

Conditions for Foreigners When Buying Houses in Vietnam

With open-door policies and a stable socio-economic situation, Vietnam is one of the countries with great attraction to foreign investors. There are many foreign individuals and organizations come to Vietnam to live and work and a number of foreigners or foreign organizations wish to buy houses or apartments. Many real estate developers also wish to expand the customers base through selling houses and apartments to foreigners in Vietnam.

Real Estate Dispute Law Firm in Vietnam

However, according to current law, foreigners or foreign organizations can buy houses and apartment in Vietnam; and real estate developers could sell houses and apartments in Vietnam but must meet some conditions.

First of all, to be able to buy a house in Vietnam, foreign individuals and organizations must be one of the subjects that can own houses in Vietnam. Specifically, foreign organizations and individuals that are allowed to own houses in Vietnam include: (i) foreign organizations and individuals investing in housing construction under projects in Vietnam; (ii) foreign-invested enterprises, branches, representative offices of foreign enterprises, foreign investment funds and foreign bank branches operating in Vietnam; (iii) foreigners whom are allowed to enter Vietnam. Accordingly, to be able to buy a house in Vietnam, these subjects must prove that they fully meet the conditions prescribed by law.

Specifically, foreign organizations and individuals investing in housing construction under projects in Vietnam must have an Investment Certificate and have houses built in the project according to regulations. For foreign organizations, they must set up company in Vietnam, have an investment certificate or a document related to being allowed to operate in Vietnam, issued by a competent Vietnamese state agency. Foreign individuals must be subject to permission to enter Vietnam and not be entitled to diplomatic and consular privileges and immunities.

Besides, depending on each different object, the documents proving the object and conditions for owning a house in Vietnam vary. For a foreign individual, s/he must have a valid passport with an entry verification stamp of the exit and entry management agency of Vietnam and not be eligible for special privileges and immunities. On the other hand, for foreign organizations, they must be eligible to own houses and have an Investment Registration Certificate or a document authorized by a competent Vietnamese agency to operate in Vietnam. In addition, these individuals and organizations should note that these documents must be valid at the time of signing the housing transactions.

Therefore, if organizations and individuals meet the above conditions, foreign individuals and organizations can purchase houses in Vietnam. However, it should be noted that foreign individuals can only own houses in Vietnam in the form of apartments or separate houses in an investment project to build commercial housing.

In addition, foreigners are also not allowed to purchase houses in areas that are subject of national defense and security under Vietnamese law. Further, foreign organizations and individuals are also limited in the number of ownership. Accordingly, foreign organizations and individuals are only allowed to own no more than 30% of the total number of apartments in an apartment building, and no more than 10% for an individual housing project of less than 2,500 units.

In general, purchasing houses for foreign individuals and organizations are subject to complicated legal conditions. Therefore, in order to ensure that the purchase of housing in Vietnam is in accordance with the regulations and to limit the risks arising, relevant individuals and organizations need to learn and seek legal advice and support from real estate dispute law firm in Vietnam

How to Resolve Disputes in Labour in Vietnam?

A labour dispute is one of the most common disputes in society, in particular it means a dispute over rights, obligations and interests among the parties during the establishment, execution or termination of labor relation; a dispute between the representative organizations of employees; a dispute over a relationship that is directly relevant to the labor relation. In fact, labour disputes happen often, but there are many situations where employees often have little understanding of their rights, leading to disadvantages if the employer does not know or does not follow the law. Therefore, identifying labour disputes is very important. For employees, learning about labor law is to know their rights. Employers need to understand labor laws to ensure compliance. Both employees and employers can consult a dispute lawyer in labor to protect their rights.

For example, during the recent epidemic, many businesses faced difficulties in doing business and hence many common labour disputes arisen. For workers, a dispute could arise from not being paid on time. Other concerns are whether there is any violations that lead to the termination of the labor contract?  Has the employer carried out restructuring procedures and notified state agencies according to the correct procedure before terminating the labor contract with the employee? Does the employer have an agreement with the employee before suspending the labor contract during the pandemic? When the business is not efficient, is the employer required to pay the 13th month salary to the employee?

At present, labour disputes are classified into different types based on the object who participated in the dispute: Labour disputes between the employee and the employer; labour between the employee and the organization that sends the employee to work overseas under a contract; labour dispute between the outsourced worker and the enterprise. Right-based or interest-based collective labour disputes between one or several representative organizations of employees and the employer or one or several representative organizations of employees.

The labour dispute settlement process must follow the following principles: Respect the parties’ autonomy through negotiation throughout the process of labour dispute settlement; Prioritize labour dispute settlement through mediation and arbitration on the basis of respect for the rights and interests of the two disputing parties, and respect for the public interest of the society and conformity with the law; The labour dispute shall be settled publicly, transparently, objectively, promptly, and lawfully; Ensure the participation of the representatives of each party in the labour dispute settlement process; Labour dispute settlement shall be initiated by a competent authority or person after it is requested by a disputing party or by another competent authority or person and is agreed by the disputing parties.

When a labour dispute arises, one party or parties may request a Labor Mediator; The Labor Arbitration Council or the People’s Court to settle the disputes. Matter on time limit is an important matter that the parties should pay attention. The time limit to request a labor mediator to settle an individual labour dispute is 06 months from the date on which a party discovers the act of infringement of their lawful rights and interests. For the form of dispute settlement through the Labor Arbitration Council, the time limit is 09 months from the date on which a party discovers the act of infringement of their lawful rights and interests. In case of requesting the Court to settle the labour dispute, the time limit is 01 year from the day on which a party discovers the act of infringement of their lawful rights and interests. Many of the labour disputes could be resolved effectively at court hence engaging a labour dispute lawyers in Vietnam to file a lawsuit will help parties involved.

Please note, upon the expiration of the above-mentioned time limitation, the disputing parties will not have the right to request the competent authorities to resolve the dispute. In case the requester is able to prove that the aforementioned time limits cannot be complied with due to a force majeure event or unfortunate event, the duration of such event shall not be included in the time limit for requesting settlement of individual labour dispute.

ANT Lawyers – A law firm in Vietnam, always follow up the labour matters to update clients on regular basis.

Source ANT Lawyers: https://antlawyers.vn/library/how-to-resolve-disputes-in-labour-in-vietnam.html

How to Start a Business in Vietnam?

In recent years, Vietnam has become an attractive destination for foreign investment thanks to its advantages of security, political stability, and favorable geographical position to trade with the world. This is both the connection center of the region and the gateway to penetrate the economies in the western region of the Indochina Peninsula. In addition, the Vietnam government has increasingly been offering more preferential policies to create favorable conditions for foreign investors to start doing business in Vietnam.

To start a business in Vietnam, investors first need to choose for themselves an appropriate type of business based on the number of capital contributors, the amount of capital contributed, and the business’s purse. According to the provisions of Vietnam law, foreign individuals and organizations can establish a limited liability company or a joint stock company or a partnership or a private enterprise.

The next issue that needs to be considered is the business line. In order for the company to be able to operate, the company must register the appropriate business lines, related to business activities. If the selected line of business does not require conditions, the enterprise can go into operation after the establishment of the company. This is considered non-conditional business area which most of company would do. However, if the investor chooses a conditional business line to do business, the enterprise must meet the necessary requirements, apply for a business license as prescribed, and then go into operation. This is considered conditional investment area where there are some restrictions being required license, minimum charter capital, foreign ownership ratio…

Investors also need to choose a location for their business, which is legally allowed to conduct business activities. The company address must be located in the territory of Vietnam, and comply with requirement corresponding to purpose of business i.e. company address can not be in an apartment building or a dormitory for living purposes only; factory location has to be at proper zone for industrial purpose…

In order to serve the management of the State and facilitate business activities, newly established businesses need to have their own name and this proper name must be unique, not be the same or similar to previously registered businesses. Enterprises are not allowed to use the names of functional agencies, state management agencies to name the company. The name of the business must include the type of company and proper name. To avoid duplication with other companies, businesses can use abbreviations or English names, but must ensure that the company name will not cause confusion, without adding prefixes, suffixes or cultural symbols in the name of the business.

The investors need to apply for an Investment Registration Certificate at a competent authority in Vietnam. This is a mandatory procedure for all projects that want to establish a new legal entity in Vietnam. The processing time for an investment certificate application is around 30 days depending on the specific project. After being granted an Investment Registration Certificate, foreign individuals and organizations need to prepare an application for an Enterprise Registration Certificate at the Department of Planning and Investment which would take around 7 days. Completing this procedure, the enterprise has the legal status according to the provisions of the Law on Enterprises of Vietnam.

From day one since commencing its operation, the company could by itself or hire professional to assist with monthly compliance service i.e., submit foreign labour reports, submit investment report, submit tax report, submit health and insurance reports to authorities to avoid encountering penalties.

ANT Lawyers – a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to investment registration or doing business  in Vietnam.

Source ANT Lawyers : https://antlawyers.vn/library/how-to-start-a-business-in-vietnam.html

What Are the Procedures of filing PCT Patent Application in Vietnam?

The Patent Cooperation Treaty (Patent Cooperation Treaty) abbreviated as PCT was signed on June 19, 1970 in Washington. The PCT came into effect on June 1, 1978, and Vietnam joined the PCT on October 3, 1993. PCT allows an invention to be protected in multiple countries simultaneously by making a single international patent application instead of making multiple patent applications in many separate countries or regions. Intellectual Property lawyers in Vietnam could help client understand the procedures of filing PCT patent application in Vietnam and its advantages.


What Are the Procedures of filing PCT Patent Application in Vietnam?

Similar to the provisions of Vietnam Law on Intellectual Property rights, in order to be granted an invention protection title under the PCT, a registered invention must meet the following requirements: novelty, qualified innovative and capable of industrial application.

A dossier for patent registration under PCT of Vietnamese origin includes the following documents:

-The PCT application of Vietnamese origin to be made in English (03 copies);

-Description (02 copies, including drawings, if any);

-Claims for protection (02 copies);

-A copy of the payment receipt (in case of payment of fees and charges via postal service or directly into the account of the National Office of Intellectual Property);

-Relevant documents (if any).

Patent registration dossiers can be submitted in person or by post to the National Office of Intellectual Property in Hanoi or to two representative offices of the Department in Ho Chi Minh City and Da Nang. After receiving the application, the applicant can conduct an international patent search at the competent search offices (national or regional patent office that meets the requirements set forth by the PCT and designated by the PCT General Assembly). PCT applications originating from Vietnam will be published in the PCT Gazette and subject to international preliminary examination. The appraisal department will prepare a preliminary appraisal report and send it to the International Bureau. At the national stage, the international application is examined for form and substantive according to the procedures prescribed for ordinary patent applications in the host country.

An important advantage of the PCT system is the provision of an additional minimum of 18 months from the expiration of the 12-month priority period, during which time the applicant can evaluate the possibility of commercializing product in different countries and decide which country to register the patent in. By filing an international application, the payment of national application fees and translation costs associated with national applications can be delayed.

ANT Lawyers – IP services in Vietnam will always follow up with authorities for legal update on matters relevant to IP law to update clients on regular basis.

Source ANT Lawyers: https://antlawyers.vn/library/what-are-the-procedures-of-filing-pct-patent-application-in-vietnam.html

The Ministry of Industry and Trade Applies Anti-dumping Measures to a Table and Chair Products from China

The Ministry of Industry and Trade Applies Anti-dumping Measures to a Table and Chair Products from China

On February 13th, 2023, the Ministry of Industry and Trade issued Decision No. 235/QD-BCT on the application of official anti-dumping measures to a number of table and chair products from the People’s Republic of China (China) and terminated the investigation to apply anti-dumping measures on some furniture products from Malaysia. Accordingly, the official anti-dumping tax rate applied to the investigated goods originating from China is 21.4% for chair products and 35.2% for table products.

During the investigation of the case, in accordance with the provisions of the Law on Foreign Trade Management, the Ministry of Industry and Trade coordinated with relevant units to carefully review and evaluate the impact of the dumping of imported goods on the activities of the domestic industry, the level of dumping of the manufacturing and exporting enterprises of Malaysia and China.

The investigation results show that, although dumping behavior exists, because the rate of imported goods under investigation from Malaysia is insignificant (less than 3%), therefore, according to the provisions of the Law on Foreign Trade Management, the Ministry of Industry and Trade decided to terminate the investigation and not apply anti-dumping measures to some table and chair products from Malaysia.

For the investigated goods from China, the level of dumping was determined from 21.4% to 35.2%, and the import volume of the investigated goods increased both in absoluteness and comparative to the total domestic consumption and similar output of the domestic industry, which is the significant cause of significant damage to the domestic industry.

If Client needs any more information or request for legal advice or potential dispute regarding trade remedies measures including, anti-dumping, countervailing duty and safeguard measures or international trade dispute matters, our competition, anti-dumping, and countervailing duty lawyers of International trade and tax practice at ANT Lawyers, a law firm in Vietnam always follow up anti-dumping cases and their development to update clients on regular basis.

Source ANT Lawyers: https://antlawyers.vn/library/the-ministry-of-industry-and-trade-applies-anti-dumping-measures-to-a-table-and-chair-products-from-china.html

Cancellation Against of Trademark in Vietnam

It typically takes a significant amount of time and effort on the part of your business to win customers' confidence in your products and trademark. However, if there is another trademark for the same goods that is identical to yours, it will likely cause customers to make mistakes or become confused, resulting in a number of negative effects for your business, including a decrease in sales, a loss of reputation, and the ability to distinguish yourself.

In fact, after partnering with domestic businesses to distribute or sell goods, many international businesses discover that their trademarks are stolen by partners who register their trademarks for intellectual property protection in national offices. It is simple for trademark thieves to steal trademarks because each nation protects trademarks differently.

You should ask the Vietnam Intellectual Property Authority to cancel the trademark that was used in violation of your rights and benefits. ANT Lawyers would like to assist you in canceling against a trademark in Vietnam in the following ways because they have excellent IP experience in Vietnam and a highly professional staff.

Cancellation against of trademark in Vietnam

A certificate of trademark registration may be revoked entirely or partially at the request of a third party in accordance with Article 96 of the IP Law of Vietnam.

In the specified circumstances, the applicant may submit a written request to the National Office of Intellectual Property (NOIP) to cancel protection titles subject to payment of fees and charges.

Period for filling cancellation request

To request cancellation against of trademark in Vietnam due to the Applicant’s bad faith: the period for lodging such a request is the whole term of a Protection Title.

To request cancellation against of trademark in Vietnam due to other legal reasons: the period for lodging such a request is within 5 years as from the granting date.

The case for cancellation against of trademark in Vietnam

Any third party may request that a certificate of trademark registration be revoked entirely or partially in the following circumstances:

The registration applicant does not possess the right to register an invention, industrial design, layout-design, or mark, nor has this right been granted to them;

At the time the protection title is granted, the subject matter of industrial property does not meet the protection conditions.

Required documents

Proofs (if any);

Power of attorney;

Written justification of the request, including relevant documents and clearly stating the protection title's serial number, reason, and contents for terminating or canceling a portion or the entire protection title.

Time and procedures for cancellation against of trademark in Vietnam

In the event that a third party makes a request to have their trademark protection title revoked, the NOIP is required to provide the protection title holder with written notice of the third party's opinions and set a response deadline of two months from the date of notification.

The NOIP must decide whether to cancel all or a portion of the protection title or notify the parties of its refusal to cancel the trademark protection title after taking the opinions of the parties into consideration.

The requester or a party involved may file a complaint regarding the decision or the relevant notice if they disagree with the NOIP's handling of the request for cancellation of the trademark protection title

Within two months of its signing, a decision to cancel a trademark protection title must be published in the Industrial Property Official Gazette and added to the National Register of Industrial Property.

ANT Lawyers - IP Services in Vietnam firm that regularly informs clients of legal developments pertaining to trademarks by following up with authorities.

When Labour Dispute over Bonus Issue Arise and How to Resolve?

According to the provisions the Labor Code, the bonus, also known as the “other supplement”, is one of the main contents of the Labor Contract. Specifically, bonus is understood as a sum of money paid by an employer to the employees on the basis of annual business results and the level of work performance of employees. When the dispute arises, the employer or the employee could consult with labour dispute lawyers in Vietnam to handle the matter effectively.

Related post: How to Resolve Disputes in Labour in Vietnam?

Bonus regulations of each company must be decided and publicly announced by the employer at the workplace after consultation with the representative organization of the grassroots-level employees’ collective. However, there are companies that do not specify bonus regulations or companies with unclear bonus regulations referring to such generally as “based on capability”, or “based on work results” without referring to specific key performance indicator (KPI). Such regulations will easily cause labor disputes. In most of the case, the employee would face disadvantage because the employer will be the one whom make the final decision on whether or not the capability or work results are satisfied.

A labor dispute means a dispute over rights, obligations and interests among the parties during the establishment, execution or termination of labor relation; a dispute between the representative organizations of employees; a dispute over a relationship that is directly relevant to the labor relation. Labor disputes over bonuses can be individual labor disputes or collective labor disputes. The competence authority to settle labor disputes belongs to the Labor Mediator, the Labor Arbitration Council, and the People’s Court. Normally, individual labor disputes or collective labor disputes must go through the mediation procedure of the labor mediator before referring to the court to settle, unless otherwise provided for by law.

For individual disputes, in case the conciliation is unsuccessful or either party fails to implement the agreements in the minutes of successful conciliation or the settlement time limit expires but if the labour conciliator fails to conduct conciliation, each disputing party has the right to request a court or arbitration council for settlement.

For collective disputes over bonuses, in case the conciliation is unsuccessful or one of the two parties fails to implement the agreements in the minutes of successful conciliation, the parties have the right to request the President of the district-level People’s Committee to resolve the dispute. If the parties disagree with the decision of the President of the People’s Committee of the district or beyond the time limit but the President of the People’s Committee of the district does not settle, the parties have the right to request the Court to settle. In such situation, a litigation lawyer would be engaged to assist for productive result.

ANT Lawyers – A law firm in Vietnam, always follow up the labour matters to update clients on regular basis.

Source ANT Lawyers : https://antlawyers.vn/library/when-labour-dispute-over-bonus-issue-arise-and-how-to-resolve.html

How to Resolve Disputes Settlement through Arbitration in Vietnam?

Arbitration, mediation, negotiation, and litigation are all methods of dispute resolution. In order to resolve disputes, a litigation dispute law firm in Vietnam needs dispute lawyers who have the expertise and experience necessary to resolve complex cross-border, commercial, and civil disputes.

Most business agreements could include a provision stating that disputes must be resolved through arbitration in the current business environment. A valid written arbitration agreement, either as an arbitration clause in a contract or a separate agreement, is required for a dispute to be referred to arbitration. The arbitration clause is treated as independent if it is included in a contract, and the arbitration clause's validity is unaffected by contract modifications, extensions, or terminations. As long as the parties clearly state their intention to resolve any dispute through arbitration, Vietnamese law permits a written arbitration agreement to take any form. The residing court is required to drop the case if a dispute falls within the scope of a valid arbitration agreement and a party attempts to initiate court proceedings. Additionally, the arbitration organization authorized to resolve disputes without supplemental agreement is not required to be specified in an arbitration agreement. Even if there is a valid arbitration agreement, the Vietnamese Arbitration Law states that a dispute must also fall into one of three categories before it can be arbitrated:

(1) disputes arising from “commercial activities”;

(2) disputes where at least one party is engaged in commercial activities;

(3) other disputes where the law stipulates that arbitration is a permissible means of resolution.

The definition of the term "commercial activity" in category (1) can be found in Commercial Law No. “activity for profit-making purposes comprising the purchase and sale of goods, provision of services, investment, commercial enhancement, and other activities for profit-making purposes,” according to 36-2005-QH11 (31 December 2005). Noncommercial disputes, such as civil disputes, in which at least one party is engaged in commercial activities, frequently fall into the second category. However, disputes between consumers and providers of goods or services do not fall under this category. The law stipulates that the party may select arbitration or litigation in this instance. The dispute cannot be arbitrated without the consent of the consumer, even if the agreement includes a standard arbitration clause in the contract for the supply of goods or services. Legislators have complete discretion over whether or not to expand or maintain the categories of disputes that can be resolved through arbitration. A dispute arising from investment activities governed by the Law on Investment is an illustration of a dispute in category (3).

Due to the fact that many businesses would rather avoid the high costs of litigation, arbitration has grown in popularity.

Arbitration lawyers in Vietnam at ANT Lawyers - a Vietnam law firm with accreditation in national and international arbitration practice can assist in providing clients with legal advice and guidance throughout the process of resolving disputes. The intervention attorneys could likewise exhort the clients on different issues from decision of authority, decision of assertion rules, specially appointed or institutional discretion, spot of mediation, implementation of arbitral honor.

How do I Get a Business Registration Certificate in Vietnam?

Each association and individual wishing to set up an unfamiliar claimed organization in Vietnam will have to meet a few particulars conditions as declared under the Law on Venture and Regulation on Big business. The investor will also need to check with the law governing the investment area in certain areas that are being considered as conditional investments. The investor must submit an application for business registration once the investment registration certificate is completed.

The following is a description of the procedure for applying for a certificate of enterprise registration for a limited liability company or joint stock company with two or more members:

Dossiers:

i) Application form for enterprise registration

ii) The company’s charter.

iii) A list of founding shareholders and shareholders being foreign investors/ a list of capital contribution members.

iv) Valid copies of:

Copies of the ID cards or other forms of identification for individuals who are founding shareholders and foreign investors or members; list of organizations that are authorized representatives of foreign shareholders.

The decision to establish the organization, the business registration certificate, or another similar document, along with the authorization letter; the identification cards or other forms of identification used by organizations' authorized representatives, such as founding shareholders and foreign investors.

A copy of the certificate of business registration or an equivalent document must be notarized, legalized, and authenticated if the shareholders are foreign organizations.

The foreign investors' Certificate of Investment registration, as required by the Investment Law.

State Authority: Business registration office of the province where the enterprise’s headquarters is situated.

Period: within 03 working days from the full receipt of the dossiers

Result: Business enrollment office will give the authentication of big business enlistment or on the other hand on the off chance that the application isn't palatable, business enrollment office will advise the candidate regarding important corrections and supplementation to organization.

The government of Vietnam generally supports direct foreign investment. In the event that the financial backer countenances difficulties at state authority, whom don't give notice or solicitation of supplementation to the application for big business enrollment, the financial backer virus hold up a grievance as endorsed by guidelines of regulation on protests and reprimand to the state power to safeguard its right in carrying on with work and interest in Vietnam. The investor could benefit from the assistance of a law firm in Vietnam with expertise in both business registration certificate and dispute resolution.

The venture is qualified for carry on with work from the issuance date of the endorsement of big business enlistment. Businesses are permitted to participate in conditional business lines if they meet all requirements and are able to maintain compliance with those requirements throughout their operations.

How to Establish a Business in Vietnam?

Lately, Vietnam has turned into an appealing objective for unfamiliar speculation because of its benefits of safety, political soundness, and great geological situation to exchange with the world. This serves as both the gateway to the economies in the western Indochina Peninsula and the region's connection hub. In addition, in order to make it easier for foreign investors to begin doing business in Vietnam, the government of Vietnam has been increasingly implementing more preferential policies.

Investors in Vietnam must first select an appropriate type of business based on the number of capital contributors, amount of capital contributed, and purse size before starting a business in Vietnam. Foreign individuals and organizations are permitted to establish a limited liability company, joint stock company, partnership, or private enterprise under Vietnam law.

The business line is the next issue to take into consideration. The company must register the appropriate business lines related to business activities in order to continue operating. On the off chance that the chose line of business doesn't need conditions, the venture can go into activity after the foundation of the organization. The majority of businesses would engage in this non-conditional business activity. However, if the investor selects a conditional business line, the company must first meet the necessary requirements, submit an application for a business license in accordance with the requirements, and then begin operations. This is regarded as a conditional investment area, with restrictions such as a license requirement, minimum charter capital, and foreign ownership ratio...

Investors must also select a location for their business that is legally permissible for business operations. The address of the business must be on Vietnam's territory and meet the requirements of the business's purpose, such as not being in a dormitory or apartment building solely for living; The factory must be in the right area for business...

Newly established businesses must have their own proper name, which cannot be the same as or similar to a business that has already been registered in order to serve the management of the state and facilitate business activities. When naming an organization, businesses are not permitted to use the names of functional agencies or state management agencies. The proper name and type of business must be included in the business's name. Businesses can use abbreviations or English names to avoid competing with other businesses. However, they must ensure that the company name does not create confusion by not including any cultural symbols, prefixes, or suffixes.

In Vietnam, investors must apply for an Investment Registration Certificate at an appropriate authority. All projects wishing to establish a new legal entity in Vietnam must go through this procedure. Depending on the project, an investment certificate application takes about 30 days to process. Foreign individuals and businesses must prepare an application for an Enterprise Registration Certificate at the Department of Planning and Investment within seven days of receiving an Investment Registration Certificate. The enterprise now possesses legal status in accordance with the provisions of the Vietnam Law on Enterprises.

The company could perform monthly compliance services on its own or with the assistance of professionals, such as submitting foreign labor reports, investment reports, tax reports, and health and insurance reports to authorities in order to avoid penalties from the start.

ANT Lawyers is a law firm in Vietnam that will always contact the authorities to obtain legal updates on issues pertaining to investment registration or conducting business in Vietnam.

How Bank Guarantee Letter Could Help Secure a Transaction and Risks Involved?

In the process of performing civil transactions, there is a need to bind the performance of obligations of the parties hence secured transaction is needed and guarantee is one of the commonly used methods to secure the performance of obligations in business and commercial activities.  The party that provides guarantee is normally a commercial bank and bank guarantee is normally a loan service.  In reality, there are potentially many risks involved in the guarantee transaction through issuing of bank guarantee letter which needs the attention of dispute lawyers in banking and finance to provide legal advice throughout the process.


Bank Guarantee Letter in Vietnam

Bank guarantee or guarantee commitment is a document issued by the guarantor or counter-guarantee or the guarantee-confirming party in the form of a Letter of Guarantee or a Guarantee Contract. Thus, a letter of bank guarantee is understood as a written commitment of the bank to the guarantee recipient that the bank will perform financial obligations on behalf of the guaranteed party when the guaranteed party fails to perform or not fulfilling the obligations committed to the guarantee recipient. In case the parties choose the form of counter-guarantee or guarantee confirmation, the letter of guarantee shall include the written commitment of the counter-guarantee issuing party to the guarantee, or of the guarantee-confirmation issuing party to the obligee.

When a guarantee obligation arises, the obligee must send a written request for the performance of the guarantee obligation, enclosed with the documents agreed upon in the guarantee commitment, to the guarantee-executing bank. The request for performance of guarantee obligations is considered valid when the bank receives it within the working time of the bank and within the valid guarantee commitment period. In case the request for performance of the guarantee obligation is sent in the form of a registered letter via the public postal network, the date the guarantor receives the request is the date of signing and receiving the registered letter.

Within 5 working days from the date the guarantor bank receives a valid written request for performance of the guarantee obligation, the guarantor shall be responsible for properly and fully performing the promised guarantee obligation for the with the guarantor. In case the guarantor bank refuses to perform the guarantee obligation, within 5 working days after receiving the request to perform the guarantee obligation, the bank must reply in writing clearly stating the reason for the refusal. In case of payment in foreign currency, credit institutions, foreign bank branches shall debit that foreign-currency sum to the mandatory lending account.

Credit institutions, or foreign bank branches, shall agree on the guarantee-issuing fee amount paid to customers. In case of a counter guarantee or guarantee confirmation, the guarantee-issuing fee amount shall be agreed upon by parties on the basis of the guarantee-issuing fee amount approved by the obligor. If the guarantee currency is foreign one, parties shall agree on collecting the guarantee-issuing fee by accepting that foreign currency or converting that foreign currency into Vietnam at the sell rate defined on the fee collection or fee collection notification date.

Disputes could arise from many situations, for example, there is a case of issuing a false letter of guarantee because an individual in the bank violates the law, or the bank officer signs a letter of guarantee without proper authorization from the legal representative of the bank, or letter of guarantee is in violation of form according to the regulation of state bank. In addition, if a conditional letter of bank guarantee is applicable, a dispute may arise from an understanding of whether or not the conditions for the guarantee have been met. In many cases, there might need to be a lawsuit to determine the conditions fulfilment of the guarantee and such might be lengthy and costly. Therefore, the parties involved in the guarantee transaction might need to consult a lawyer with expertise in banking disputes to check the legitimacy and validity of the letter of bank guarantee and the possibility to be guaranteed when the conditions are met.

ANT Lawyers – As a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to banking and finance to update clients on regular basis.

Source ANT Lawyers: https://antlawyers.vn/library/how-bank-guarantee-letter-could-help-secure-a-transaction-and-risks-involved.html

How do I establish company in Vietnam?

To establish a limited liability company, joint stock company or partnership company in Vietnam, foreign investors may invest 100 percent of their capital.

To receive investment registration certificates, first-time foreign investors in Vietnam must have investment projects and complete investment registration or examination procedures at state investment agencies. Business registration certificates and investment certificates must be issued simultaneously. Since the investment certificate was issued, a company with entirely foreign capital has been in existence.

A project dossier to establish company in Vietnam shall comprise:

-Registration/Request for issuance of Investment Certificate;

-A report on financial capability of the investor;

-Draft of the company’s charter;

-List of members of company;

-Copy of the people’s identity card, passport or other lawful personal certification, for individual members;

-Copy of the establishment decision, business registration certificate or other equivalent document, for member organizations;

-Copies of the authorization document, the people’s identity card, passport or other lawful personal certification, for authorized representatives.

-Copies of the business registration certificates of the foreign member organizations must be authenticated within three months before the date of submission of the business registration dossier by agencies where such organizations are registered;

-Written authorization of the investor in case investor is organization and valid copy of the lawful personal certification of the authorized representative. Documents in foreign languages must be translated into Vietnamese, notarized and legalized;

-The joint-venture contract or Business Cooperation Contract (BCC);

-Other documents required by Vietnam law.

Starting a business in Vietnam would take anywhere from 30 days. The additional time may be required on the off chance that the venture region is contingent or the State government necessities to look at the speculation project. In some investment projects, minimum capital, special licenses, or other conditions may be required.

ANT Lawyers would like to assist you in establishing a business in Vietnam. We have staffs that are highly skilled and have a lot of experience with foreign investment.

How Dispute Lawyers in Hanoi Could Help?

ANT Lawyers – A law firm in Vietnam, could assist clients on dispute resolution matters throughout Vietnam.

We have dispute lawyers in Hanoi who are qualified and have experience helping clients resolve disputes in Vietnam.

We have represented clients in disputes involving a variety of industries, including disputes involving international trade, commercial transactions, partnership or shareholder agreements, property sales and purchases, real estate, intellectual property, banking and finance, and maritime matters.

We are able to provide our clients with appropriate and adaptable solutions to their problems thanks to our knowledge, experience, and comprehension of Vietnamese culture. Our dispute lawyers in Hanoi also help clients through the various stages of litigation at Vietnam's national or provincial courts, arbitration centers, and courts of appeal.

Our dispute attorneys in Hanoi are well-trained and certified internationally in the US and EU, and they have adapted their skills to Vietnamese cultures to assist clients in resolving conflicts without a formal proceeding in order to save money, time, and maintain the relationship between the disputed parties. If it is at all possible, we recommend alternative dispute resolution, such as mediation.

Our dispute resolution practice at ANT Lawyers helps our clients with the following:

Negotiation: reviewing relevant contracts and documents, advising possible courses of action and negotiating with relevant parties before initiating the legal proceeding.

Litigation and legal representation: representing clients before Vietnamese courts and other Vietnamese authorities.

Arbitration: advising on choice of arbitration, drafting arbitration clause, and representing clients for recognition and enforcement of foreign arbitral awards.

Alternative proceedings: certain alternatives may be available for dispute resolution in Vietnam.

ANT Lawyers have litigation and dispute lawyers in Hanoi, that help clients dealing with dispute resolution and alternative dispute resolution in Vietnam.

How has streamlined the registration procedures for business in Vietnam in 2023?

By the end of 2019, more than 30,000 FDI projects with a registered capital of approximately 362 billion USD had chosen Vietnam as their investment destination. As a result of Vietnam's recent focus on the private sector, foreign investors are flocking to the country's market.

How Vietnam Has Streamlined Procedures to Register Business in Vietnam?

Vietnam's participation in various free trade agreements has provided a strong impetus for foreign investors from developed nations to take their first steps in Vietnam. The country has established diplomatic ties with nearly 190 nations worldwide and signed approximately 15 Free Trade Agreements with important trading partners.

Investors must submit an application for the Investment Registration Certificate in order to register a business in Vietnam. The investor must then apply for an Enterprise Registration Certificate after receiving the Investment Registration Certificate.

Investors must first select a business name that is not identical to or confusingly similar to the name of another business that is already registered in the National Database of Business Registration on a national scale. This does not apply to business that have been dissolved or that have had effective court decisions declaring them bankrupt.

The investors or authorized person must then prepare a comprehensive set of application dossiers in accordance with the law and submit them to the Business Registration Office where the planned head office will be located. Based on the appointment date on the receipt, the Business Registration Office will verify the validity of the application dossier. Investors or authorized individuals can either go to the Business Registration Office to receive the application results or register to receive them by mail. After receiving the valid dossier, the deadline for considering and processing it is three working days.

The investor will be granted an Enterprise Registration Certificate when fully meeting the following conditions:

-The registered business lines are not in the prohibited business sectors;

-The business’s name is set in accordance with the provisions of law;

-Having a head office as prescribed by law;

-Having a valid business registration dossier as prescribed by law;

-Fully paying the enterprise registration fee as prescribed by law

Investors have increased their faith in Vietnam's business and investment climate over time. The socio-political and macroeconomic steadiness are conspicuous highlights for the development of Vietnam's business potential. The Vietnam not set in stone to work on the cycle for speculation application. As a result, Vietnam is and will continue to be an appealing location for investment as well as a promising location for foreign investors to apply for an investment registration certificate and register a business when compared to other countries in the region that are neighboring Vietnam.

ANT Lawyers is a law firm in Vietnam that will always contact the authorities to obtain legal updates on issues pertaining to the registration of investments or the establishment of business in Vietnam.

How to Establish a Joint-Stock Company in Vietnam?

In addition to limited liability companies, partnerships, and private enterprises, joint-stock companies are recognized by Vietnamese law. When a Vietnam authority issues a Certificate of Business Registration, a joint-stock company gains legal status. Consult with corporate lawyers in Vietnam to learn about the advantages of various company formations in Vietnam for the owner's efficient management and goals.

As per the meaning of the Law on Undertakings, a business entity is a venture whose sanction capital is separated into two halves called shares. A joint-stock company can have individuals or organizations as its shareholders; the minimum number of shareholders is three. Since there is no maximum number of shareholders, the company will be able to easily expand its operations on a larger scale. In addition, shareholders will only be responsible for the company's debts and other property obligations up to the amount of capital contributed. Due to the level of risk that shareholders must bear, this is an advantage of this type of business. Specifically, business entities reserve the privilege to give offers, bonds and different protections to raise capital, which is a component that different kinds of organizations don't have.

The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm in Vietnam to do so. These documents include:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For individuals and investors being unfamiliar associations, duplicates of lawful papers of the association should be authenticated and consularly sanctioned in Vietnam; The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm to do so. These documents include:

c)Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.

The Business Registration Office will process the application within three working days of receiving it.

ANT Lawyers could assist you in establishing a joint-stock company in Vietnam with their highly skilled staff and extensive experience in foreign investment.

Methods of Dispute Settlement in International Trade

When drafting international contracts in international trade, the parties typically pay little attention to the terms of dispute resolution and instead focus more on payment and expense terms. As a result, both parties ought to be aware that disagreements and disagreements can occur at any time. As a result, the parties to an international economic agreement ought to pay attention to the provisions regarding the various options for resolving disagreements in the event of one. There are currently four methods of dispute settlement in international trade: negotiation, mediation commercial arbitration, and court.

Negotiation

In international dispute resolution, negotiation is typically used as a method of resolution. Particularly, the parties talk together, fight, come to an agreement, and settle the dispute. The dispute may or may not be resolved as a result of the negotiation. There are two methods used in negotiations: The two parties meet in person to discuss and negotiate, or one party submits a complaint to the other and the other responds.

Mediation

Mediation is a process in which a neutral third party helps the disputing parties reach an agreement. There are two methods for mediating: One is that the parties are in agreement regarding mediation, that the mediator will be chosen, and that the mediation will be conducted without following any mediation rules. The subsequent way is that the gatherings consent to direct the intervention under rules of an expert association or one explicit discretion establishment, for example, intercession rules of the Worldwide Office of Trade (ICC).

Commercial arbitration

Arbitration is a method for resolving disputes arising from trade activities that parties agree upon and are carried out in accordance with the order and procedures. Currently, there are several types of arbitration, including: permanent arbitration and ad hoc arbitration.

Court

The three above methods of dispute resolution are voluntary. They are distinct from dispute resolution in accordance with court procedures. Disputes should be resolved through the efforts of state tribunals, not by court settlement. As a result, litigants in the dispute are frequently viewed as the ultimate means of safeguarding their legitimate interests. In particular, parties will choose trade negotiation or mediation over commercial arbitration or court when there is a conflict.

ANT Lawyers, a Vietnam-based law firm, regularly informs clients about the status of dispute resolution in international trade cases. We have dispute lawyers in Hanoi, Da Nang and Ho Chi Minh City with qualification and experience to assist client to resolve dispute in Vietnam.

Forms of Disputes and Methods of Resolution in Vietnam

Dispute in Vietnam could arise between parties to a business transaction, such as the government of Vietnam and foreign investors, or between nations implementing international treaties.

Vietnam's market economy developed in tandem with a significant increase in the breadth and depth of its economic ties, which have made Vietnam an important component of the global supply chain. Vietnam providers could offer the labor and products to the world and the unfamiliar provider could likewise trade their labor and products to Vietnam market. Further, as the Vietnam market opens up, unfamiliar financial backers could put through different types of interests in Vietnam for example gain values in Vietnam organizations, lay out business inVietnam. Disputes that have grown in size and complexity during this process are an inevitable outcome.

The majority of people should agree that disagreements should be interpreted as disagreements, inconsistencies, or conflicts of interests, rights, and responsibilities between parties in economic relations at various levels. Accordingly, economic disputes can have the following basic forms:

-Disputes in business are between the participants in a business transaction including investments, production to consumption of products or performance of services on the market for profit purposes i.e. professional and product liability, debt disputes over a business transaction, franchise disputes, intellectual property disputes, and disputes over contract for supply of goods or services…

-Disputes between foreign investors with Vietnam government agencies, arising in the implementation of the BTO, BT, BOT, and the implementation of international agreements on promotion and protection bilateral and multilateral investment i.e. government policy and policy measures, concession to water and sewerage, power or energy supply, project or contract payment…

-Disputes between countries in the implementation of the international bilateral and multilateral agreements.

After taking into account a variety of factors, including cost, time, and the complexity of the disputes, the parties involved in disputes in Vietnam may consider resolving the issues through negotiation, mediation, arbitration, or litigation. In Vietnam, a litigation law firm with skilled dispute lawyers in Hanoi, Danang and Ho Chi Minh City should be consulted for appropriate dispute resolution advice.

What to Know about Business Registration Certificate in Vietnam?

A company's business registration certificate, which can be printed on paper or electronically and contains information about the company's registration with the Business Registration Authority, is regarded as a legal document.

The principal contents of a business registration certificate in Vietnam must comply with the provisions of the Law on Enterprises: Name and number of the company; Address of the company's principal place of business; For the legal representative of limited liability companies and joint stock companies, full name, contact address, nationality, and number of legal documents; for a partnership company's general partners; for proprietors of private businesses. Name, contact information, nationality, and the number of legal documents held by the member, if any; for limited liability companies, the member's name, enterprise identification number, and head office address; Sanction capital for organizations, speculation capital for private endeavors.

Which means that the company's name must be a Vietnamese name with two parts: the kind of business and the proper name. Currently, four types of businesses are recognized in Vietnam: partnerships, limited liability companies, joint stock companies, and private businesses The Vietnamese letters F, J, Z, and W, as well as numbers and symbols, can be used to write the company's proper name. The National Information System on Business Registration created a series of numbers that are recorded on the Certificate of Business Registration. These numbers are given to a company when it is first established and are included in the enterprise code element. There is only one code that is unique to each business, and that code will not be used by other businesses.

The Vietnam Business Registration Office, the postal service, or the electronic information network are all options for completing the business registration process. The founder of the business must apply through the National Enterprise Registration Portal if they choose electronic information network registration. Electronic business registration documents have the same legal weight as paper business registration documents and will be presented.

Within three working days of receiving the application, the business registration agency is responsible for validating the enterprise registration dossier and issuing the business registration certificate. The company's founder must be informed in writing by the business registration agency of any content that needs to be amended or added if the application is inadequate or not prepared in accordance with the regulations. The founder of the business must be informed in writing and given specific reasons by the business registration authority if it declines to register the business. The business could make its own submissions or hire business lawyers in law firm in Vietnam to help with them.

How Really does Debate Settlement System of WTO Work?

The dispute settlement procedures used by the World Trade Organization (WTO) are based on the GATT 1947 dispute settlement rules, which have been in place for nearly 50 years. Finding a positive solution to the dispute is the fundamental goal of this dispute resolution method. Because Vietnam is a member of the World Trade Organization, it may use the WTO's dispute settlement mechanism in disputes with other WTO members.

The parties to a dispute at the World Trade Organization (WTO) will first hold consultations to come up with a mutually agreed-upon solution to the dispute (Consultation – the stage of mediation). Third parties, who are members with a significant interest and desire to participate in the dispute resolution process, may participate in each case if they feel they have a significant interest in the case and should be considered by the panel. On account of a fruitless request, a board of 3 to 5 individuals will be laid out and entrusted with looking at a specific issue in debate based on WTO rules refered to by the petitioner's country.

According to Article 12.3 of the DSU, the first thing a panel to review the complaint must do is establish a timetable for its proceedings. The contents of Article 12 and Annex 3 of the DSU are typically covered by the panel procedure, which allows for some flexibility to guarantee the quality of the report without delaying the proceedings. The parties can be more proactive in presenting evidence, bases, and arguments in their submitted documents by understanding the contents and deadlines of a timetable.

The panel will enter the internal discussion phase (deliberation) following the hearings to evaluate the assessment of relevant legal and practical issues in accordance with WTO regulations. The deliberation must be kept secret. The parties to the dispute were not present when these reports were written; rather, they were written based solely on the information that was provided and the remarks that were made earlier. Individual assessments of hearers introduced in a board report will exclude the names of speakers of such sentiments.

Within two weeks of the panel's conclusion of the mid-term review, the final report will be sent to the dispute parties. Regularly, every report of the board has extremely huge substance, to work with the investigation of audit by the redrafting body and to cite case regulation, the report should show the chapter by chapter list and sections which are discrete numbered in the request for the report. After the DSB adopts a panel report, the dispute resolution process will immediately proceed to the implementation stage if there is no appeal. The case will be reviewed at the appellate level if there is an appeal.

As a member of the World Trade Organization, Vietnam must be well-versed in the dispute resolution process and fully prepared for disputes with other WTO members in international trade disputes.

ANT Lawyers have Litigation and Dispute lawyers in Hanoi, Da Nang and Ho Chi Minh City that help clients dealing with dispute resolution and alternative dispute resolution in Vietnam.


What are the Arbitration Principles of Dispute Resolution?

Arbitration, mediation, negotiation, and litigation are all methods of dispute resolution. For disputes to be resolved, a law firm in Vietnam needs dispute lawyers who have the expertise and experience necessary to resolve complex cross-border, commercial, and civil disputes.

The following principles must be followed when settling a dispute in arbitration, according to Article 4 of the Vietnam Law on Commercial Arbitration:

If the parties' agreement does not violate social ethics or prohibitions, arbitration lawyers must respect it.

Arbitrators must be independent, objective and impartial and shall observe law.

Parties in dispute have the same rights and responsibilities. The arbitration council is responsible for establishing the conditions necessary for disputing parties to exercise their rights and fulfill their responsibilities.

Dispute settlement by arbitration shall be conducted in private, unless otherwise agreed by the parties.

The arbitral awards are final.

Discretion has turned into a very famous technique for question goal, as numerous organizations lean toward it over the significant expenses of prosecution.

Arbitration lawyers in Vietnam may also be able to assist clients with a variety of issues, including choosing an arbitrator, choosing the rules for the arbitration, selecting an ad hoc or institutional arbitration, selecting a location for the arbitration, and obtaining the enforcement of the arbitral award.

What Are the Benefit of setting up business in Vietnam?

Vietnam has a coastline that is more than 3,000 kilometers long, and it is situated in a significant region of Southeast Asia. Vietnam's diverse geography includes mountainous, highland, and coastal areas that are suitable for general economic zones, making it an ideal location for the growth of the tourism and trade sectors. Investors can benefit from incentives for land finance, import and export taxes, and corporate income tax when setting up business in Vietnam.

Tax incentives for businesses: The corporate tax rate (CIT) in Vietnam has been gradually decreasing over the past few years. In the 2004-2008 period, CIT was 28%, in the 2009-2013 period it was 25%, from 2014 to 2015, 22% and from January 1, 2016 up to this point, 20%. In addition, the provision of high corporate income tax incentives for a number of essential fields that need to be encouraged for investment has contributed to the attraction of investment, the encouragement of business, the creation of favorable conditions for enterprises to increase accumulation, the increase in investment in the economy, and the promotion of growth, thereby encouraging investors to start businesses in Vietnam.

Tax incentives for imports and exports: Regulations have been added to the 2016 Import and Export Tax Law to exempt high-tech businesses, science-tech businesses, and science-tech organizations from paying import taxes on raw materials, materials, and components that cannot be produced domestically within five years of the start of production. There are also import and export tax incentives being applied such as:

(i)Goods imported for foreign processing are exempt from import tax, and products exported and returned to foreign parties are exempt from export tax;

(ii)The tax payment deadline can be extended to 275 days from the date of filing the customs declaration for goods that are imported for the purpose of processing and are exempt from tax, goods that are temporarily imported for re-export, and goods that are raw materials and supplies used in the production of exported goods; Taxes on goods temporarily imported for re-export may be paid 15 days after the expiration date;

(iii)The creation of fixed assets for investment projects in areas of special investment encouragement, investment promotion fields, and locality with difficult socio-economic conditions is exempt from import tax on goods.

Incentives on land finance: The general land rent can be reduced from 1.5 percent to 1 percent for foreign investors investing in Vietnam. Furthermore, the State likewise specifies the utilization of the land cost change coefficient in deciding the land cost to compute the land lease, consequently, making Vietnam progressively turning into a good objective to draw in unfamiliar speculation and company foundation in Southeast Asia.

In the spirit of the state ensuring the rights of the investors' ownership, investment capital, and other interests of foreign organizations and individuals, creating favorable conditions, and simplifying procedures for such organizations and individuals to invest in Vietnam, the development of a transparent and consistent investment legal system is also increasingly becoming a useful tool to promote inflows of foreign direct investment into Vietnam.

The international public considers Vietnam's foreign investment law to be more open and appealing than those of some of the countries in the region. For instance, the law allows for 100% foreign capital ownership, administrative procedures are simplified, and there is no discrimination between Vietnamese and foreign-invested businesses. The law has been changing to see investment and business as matters between businesses and investors, with investors having full authority to make decisions about everything from investment projects to the company's formation and operations, and the government only guiding, creating an open legal environment with favorable mechanisms and procedures, supervising, and enforcing the law.

ANT Lawyers - a law office in Vietnam will continuously circle back to experts for legitimate update on issues pertinent to venture enrollment or business setting-up in Vietnam.

7 Fundamental steps to comply with Vietnam laws and set up a business

In terms of business activities, Vietnam's economy is becoming more diverse, and business regulations are also constantly being improved. As a result, foreign investors are free to select the appropriate business. Therefore, when foreign investors discover business opportunities, setting up a company in Vietnam there is always a topic of great interest.

7 fundamental steps to set up a business include:

-Set up a business in Vietnam

-Publish the contents of business registration

-The enterprise conducts stamp engraving

-Open a bank account in Vietnam

-Register the tax declaration form in Vietnam

-The enterprise needs to conduct labor registration in Vietnam

-Register for social insurance in Vietnam

1.The first step is to set up a business in Vietnam

The investor must first choose the kind of business they want to start and provide the name and expected information before they can proceed with this step. Consequently, the enterprise establishment dossier will be prepared in accordance with regulations and submitted to the Department of Planning and Investment, Business Registration Office, of the location where it is anticipated to be headquartered. The company will receive a certificate of registration after submitting a valid application, and the contents of the registration will be posted on the National Business Registration Portal.

2.The second step is to publish the contents of business registration

Subsequent to being conceded an endeavor enrollment endorsement, a venture should make a public declaration on the Public Business Enlistment Entry.

3. In the third step, the enterprise conducts stamp engraving

Enterprises can demand to make a seal from the seal-making specialist. As a result, the company is solely accountable for the use of its legal entity seal and actively chooses the seal's type, quantity, form, and content.

4. Fourth step is that to open a bank account in Vietnam

At the moment, businesses have the option of choosing a bank to open an account for them. To do so, the bank needs an application form, a sample of the bank's seal, the company's charter, and a certificate. Business enlistment and related archives are expected by various bank.

5. The fifth step is to register the tax declaration form in Vietnam

As a result, businesses register to use e-invoices and notify their tax authorities of this use. Undertakings need to contact the receipt provider to arrange the printing of significant worth added receipt books and should enlist self-printed solicitations with charge specialists.

6. In the sixth step, the enterprise needs to conduct labor registration in Vietnam.

Enterprises register with the Department of Labor, War Invalids and Social Affairs to proclaim the utilization of work. The employer must fill out the required form and register with the Labor Department within thirty days of the start of business. Additionally, Enterprises should keep in mind that the labor contract and the Labor Code govern the relationship between employers and employees.

7.Seventh step is to register for social insurance in Vietnam.

Enterprises register with the Social Insurance Agency to proclaim the utilization of work. The employer must fill out the required form and register with the Social Insurance Agency within thirty days of the start of business. Additionally, businesses should keep in mind that the labor contract and the Labor Code govern the relationship between employers and employees.

It tends to be seen that setting up a business expects organizations to complete a ton of techniques and follow various guidelines of duty, banking, work, protection… Consequently, other than finding out about legitimate guidelines and organizations can look for the help of expert counseling firm in Vietnam with mastery and involvement with the field of business foundation to carry out the cycle rapidly and really.

Finding the right colleague in Vietnam is likewise significant. In order to identify potential risks when working together, we recommend conducting background checks on key personnel, gathering publicly available information about the company and individual shareholders, whether corporate or individual. Working with a dependable accomplice can assist with accomplishing monetary advantages, setting aside time and cash in business.

ANT Lawyers, a Vietnam-based law firm, may provide assistance in setting up business in Vietnam. We help clients who need legal help get certificates for investment, business registration, or other licensing procedures.

Ryan Reynolds Hollywood actor invests in a technology company

Nuvei is a company that gives installment administrations to sports wagering. It recently received investment from the well-known actor and investor Ryan Reynolds.

The business has operations in approximately 50 nations and was founded in Montreal, Canada, in 2003. Customers from the crypto and gaming industries can use its payment services. Reynolds joked about the CEO's low profile in comparison to other US tech executives, but he did not specify how much he invested.

Reynolds has previously invested in Aviation Gin and Mint Mobile, a low-cost mobile phone service, among other businesses.

Why is Apple opening stores in India?

Apple CEO Tim Cook has opened the company’s first owned retail store in India, located in Mumbai, India's financial capital.

The move is the result of years of planning and meeting regulatory requirements, including local product sourcing. In order to emphasize China's growing significance, Apple plans to diversify its manufacturing footprint and grow sales in the nation of 1.4 billion people.

Apple's deals in India hit very nearly 6 billion bucks in the year through March. Apple has identified India's expanding middle class as a lucrative growth opportunity in light of the slowing global demand for technology and is increasing production there.

When Arbitration Lawyers in Vietnam Could Settle a Dispute?

Under the Law on Business Mediation powerful Jan first, 2011, and other directions, on a basic level, discretion must be utilized in questions among parties that emerge from business exercises, debates among parties something like one of whom conducts business exercises, and different debates among parties which are specified by regulation to be settled by intervention in Vietnam. From drafting the arbitration agreement to resolving the arising dispute, an arbitration lawyers in Vietnam should be consulted.

Arbitral tribunals are entitled to resolve the disputes mentioned above if the concerned parties have a valid arbitration agreement agreed, before or after the dispute arises.

At the point when the court is mentioned to determine one of the debates of the above sorts which a legitimate discretion understanding exists, the court will look at records encased with the request to decide and in the event that the court observes that the question is under a mediation understanding and such assertion understanding is substantial the court will give a choice to end the settlement, return the request and reports.

The question will be dealt with by the court however it is under a discretion arrangement, except if generally concurred by the gatherings concerned or endorsed by regulation: the court gives a choice to dissolve the arbitral honor or the choice made by the arbitral council; or on the other hand there is a choice to suspend the arbitral council or mediation focus from settling questions; or on the other hand the mediation arrangement isn't suitable.

ANT Lawyers, a Vietnam-based law firm, will be available to help clients resolve disputes outside of court, in court, or through arbitration lawyers in Vietnam.

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How Probation is Regulated in Vietnam Labor Code?

An agreement between an employee and employer for a probationary position for a predetermined amount of time in accordance with legal requirements is known as probation. Both the employer and the employee should go through a trial period before signing a labor contract to see if they can work together in the long run. The Labor Code and other relevant guidelines should be followed during the probation. The Labor Code 2019 comes into force as of January first, 2020, various new guidelines likewise are given in association with the probation, which each organization ought to audit the matter with labour dispute lawyers in Vietnam for compliance.

Concerning conditions which are allowed to go into a trial contract, this agreement isn't material to the work term which is under multi month. The Labor Code 2012 doesn't need that the trial arrangement should be specified in the work contract. As a result, an employer and employee may negotiate the probation, as well as their respective rights and responsibilities during the probation period. If the parties are in agreement about the probation, they can sign a probation contract. The employer is required to sign an employment contract with the employee if the probation work meets the requirements. It is clear from these provisions that a separate probationary contract between the employer and employee is required.

When the probation period is over and the employee satisfies the employer's recruitment requirements, the labor contract should be signed. Employer and employee may agree on a separate probationary contract or the probation that is outlined in the labor contract, as per the most recent provisions of the Labor Code for 2019. If the labor contract includes a probationary period, the employer is obligated to continue carrying out the current agreement once the employee has met all of the requirements. In that case, a new labor contract must be signed.

Based on the nature and complexity of the job, the Labor Code decided how long the probation period had to be. For positions requiring a college degree or higher, the probationary period was previously limited to no more than 60 days. Currently, executives can extend their probationary period by up to 180 days. The owner of a sole proprietorship, the partner of a partnership company, the chairperson or member of the Board of Members, the President of a company, the President or member of the Board of Directors, the Director/General Director, or the holder of another managerial position prescribed in the company's charter (applicable to the enterprise without state capital) are examples of executives who play a significant part in the business and operation of the businesses.

Another amendment to the cancellation of the probationary contract, the Labor Code 2019 removed the limitation of the right to cancel. Accordingly, during the probationary period, each party has the right to cancel the probationary contract or labor contract entered into without prior notice and compensation. On the contrary, the employee and the employer may cancel the probation if the probationary job does not meet the requirements that the parties have agreed upon under the Labor Code 2012.

The primary purpose of probationary periods is to determine whether an employee and employer are compatible at the outset of an employment relationship. To avoid a potential dispute in Vietnam, businesses as employers must have a clear understanding of the principles of entering into a labor contract and a probationary contract.

What Are Real Estate Issues During Transaction?

The buyer and seller would neglect to use lawyers until real estate dispute lawyers in Vietnam are needed.

The real estate market is generally an appealing business sector with an enormous wellspring of possible speculative benefits for financial backers. Since the land exchange is in every case high in worth, and purchasing a property for the vast majority is consistently a day-to-day existence time significant choice, and ordinarily with the monetary help from the bank, consequently in the created country, real estate dispute attorneys are constantly associated with all means of the exchange to guarantee the genuine exchange of the property. Real estate dispute lawyers in Vietnam will then be referred to for guidance and representation whenever a dispute arises.

Disputes arising from the sales and purchase agreement and deposit agreement in Vietnam

In point of fact, the majority of real estate transactions in Vietnam are carried out by the buyers and sellers themselves without the assistance of real estate attorneys. As a result, numerous disputes arise as a result of these transactions regarding the property deposit agreement, the property sales and purchase agreement between the buyer and the real estate developer for a new property, or the agreement between the buyer and the previous owner for a resale property.

Since residential property is one of the most frequently traded types of real estate, it is important to ensure that the conditions for property transfer are met before participating in property-related transactions. For a transfer to be successful, the related parties must adhere to and fulfill the aforementioned conditions.

Conditions for the property to be transferred: free from claim or dispute from other parties

The fundamental elements of the property transfer transaction include the following: The transferred property is not the subject of a claim, complaint, or ownership dispute; In the case of property owners with a specific term, the transferred property must be within the ownership period; The transferred property is not restricted for the purposes of judgment enforcement or compliance with administrative decisions made by competent state agencies that are legally effective; A decision on land recovery or a notice of house clearance or demolition from a competent agency is not required for the transferred property.

The property transferor must fulfill the following requirements for the parties to the property transaction:

Seller of the property has the right to sell or not?

The person or entity permitted or authorized by the owner to carry out the transaction on property in accordance with the provisions of the law is the transferor;

The person who bought the house from the investor or the person who has received the transfer of the house purchase and sale contract is the transferor in the case of a commercial house purchase and sale contract.

In accordance with civil law, the transferor must be an individual with full civil act capacity to conduct housing transactions;

Unless the organization donates a home out of gratitude or charity, the transferor must have legal status if it is an organization.

Can the buyer meet conditions to buy the property?

At the same time, the transferee shall also meet the conditions, specifically including the following conditions:

It is not necessary for the transferee to have a permanent residence registration in the location where the transferred housing is located; instead, as long as the transferee is a domestic individual, they will have full civil act capacity to conduct property transactions in accordance with civil law.

Under Vietnam law, the transferee must have full civil capacity to conduct housing transactions if they are a foreigner or an overseas Vietnamese. In addition, according to Vietnamese law, this individual must be eligible to own homes, and neither temporary nor permanent residence registrations are required at the location where the transferred housing is located;

Assuming the transferee is an association, it will have lawful status and not rely upon the business environment enlistment and foundation; on the off chance that it is an unfamiliar association, it should be qualified to claim a house in Vietnam as per the arrangements of regulation; assuming that the association is approved to figure out how to house, it should have the capability of giving land benefits and be working in Vietnam under the law on land business.

What are potential disputes during the property transaction?

There are also disputes arisen from situations in particular:

One of the parties would like to exit the transaction if the property's market price rises or falls during the transaction.

The deals and acquisition of property is finished and enrolled at the authority yet the merchant keep on living there won't surrender the property for certain purposes behind some obscure time.

When compared to the property details outlined in the sales and purchase agreement, the developer may alter the property's design.

The property's quality does not meet the terms of the sales and purchase agreement.

Additionally, when entering into a property transaction, one may need to pay close attention to fraudulent acts in the sale and purchase of property.

How real estate dispute lawyers in Vietnam could help?

As said, there are what is happening that question could emerge in a real estate transaction. It is essential to connect law firm spend significant time in land exchange for trading property in Vietnam to stay away from expected debates and safeguard their wellbeing for dealer and defend venture for purchaser. In the event of a dispute, real estate dispute lawyers in Vietnam should be hired by the buyer or seller.

Setting up Company in Vietnam and Comply: Quick Tips for Foreigners

A foreigner moving to a country like Vietnam with business opportunities is attempting to start a business and seize the opportunity. After settling in, the entrepreneur might wonder, "How difficult it is to set up company in Vietnam or how challenging the business environment in Vietnam is for operating and doing business when dealing with administrative procedures from registering investment, setting up the company, complying with periodic reporting and tax declarations?"

As a spot with an ideal topographical position and copious work assets, and developing purchaser market, Vietnam is progressively growing emphatically, turning into a nation drawing in worldwide venture among Southeast Asia nations. Foreign investors must conduct research on Vietnam's policies, investment incentives, legal requirements, and the process and procedures for establishing a business in order to carry out effective investment activities. If international investors are considering investing in Vietnam, this will provide some quick advice on the fundamental factors they should take into account.

An individual or an organization established under foreign law could register investments and conduct business activities in Vietnam. Foreign investors are permitted to participate in any legal business, but in order to register an investment, they must meet certain industry requirements. There are a few areas in Vietnam where foreign investors cannot do business due to national security concerns or the state's monopoly.

An investor who wants to start a business in Vietnam must get a certificate of investment registration from an authorization agency, according to Vietnam law. The Investment Registration Certificate (IRC) will typically be issued within 15 days of receiving a valid dossier for an investment project. Be that as it may, it means a lot to work in the ideal opportunity for setting up the legitimate records for example application, monetary report, bank balance, individual archives and large numbers of such records require apostille, or authentication and legitimization and interpretation into Vietnamese prior to being submitted.

Except for conditional investments and business lines, Vietnam law does not mandate a minimum capital requirement for starting a business. Yet, financial backers are obliged to contribute capital as per the timetable expressed in the IRC and that the public authority has the privilege to demand the financial backer to make sense of the strategy agreeable to them in light of the proposed speculation capital. In the event that the financial backer can't contribute sufficient capital as per the serious time limit, the skilled authority might apply sanctions, including denial of the IRC or the financial backer needs to change the IRC to mirror the real commitment of venture. Once having the IRC, the financial backer then solicitation to get Endeavor Enlistment Endorsement (IRC) which requires 5 days from the date of accommodation of legitimate dossier for business foundation to finish the business setting up process.

Now that the company has established itself in Vietnam, it can officially sign a lease agreement, hire staff, and engage in business transactions to purchase or sell goods or services. The documents must be signed and sealed to be legally binding.

Then the question is how to have a seal?

When an organization was managed by the Public Security authority, it was more difficult to have a seal created for it after it was established. Legislators and business experts have been discussing the possibility of completely removing the seal from legal documents in Vietnam because the signature of the legal representative is the most crucial element. The law governing the issuance of seals has become less strict over time. However, in Vietnam, the seal is still very important because it shows the official notice, such as the decision by the business's legal representative to end a labor contract, along with the signature of the representative. or on the other hand a conspicuous endorsement of a substance to an exchange it enters to enlist a development organization for building a plant. Contingent upon the terms in the organization's contract, the financial backer has the privilege to make more than one seal to utilize. Before using, altering, destroying, or altering the number of seals, the company must send a notice to the business registration office where its head office is located for publication on the National Business Registration Portal. The day the notification process is completed and the seal sample is uploaded to the National Business Registration Portal for verification, the seal can be used.

During the activity of the business in the wake of being begun, the financial backer requirements to focus on charge commitments, which is vital in many purviews besides in charge paradise nations. However, Vietnam is not included on the exemption list. Every business is required to provide a tax declaration. Consistently, the business should pay various charges and expenses, for example, permit charges (in view of enlisted sanction capital); When a company earns a profit, it must pay Corporate Income Tax (CIT); announce and cover Worth Added Expense (Tank) for sold labor and products, for individual proclaim and settle Individual Annual Duty (PIT), or at times send out assessment and import charge, charge on lands.

The investment project reporting regime must also be fully adhered to by foreign investors in accordance with the law. These reports will be issued on a regular basis (monthly, quarterly, or annually) regarding topics such as: carried out venture capital, business speculation results, data on work, utilized unfamiliar laborers, investigates natural insurance… Agreeing with the execution of expense installment commitments and intermittently answering to guarantee ideal execution as endorsed will assist the organization with staying away from superfluous dangers, for example, managerial authorizations, business suspension, punishments that could affect the business.

ANT Lawyers – a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to investment registration or doing business in Vietnam.

New Conditions on Real Estate Purchase and Sale in Vietnam

The activities of real estate businesses have a significant impact on socio-economic development. As a result, the government has issued Decree 02/2022/ND-CP (the "Decree") detailing the implementation of a number of articles of the Law on Real Estate Business in order to promptly amend and supplement inadequate regulations to be consistent with reality in order to ensure the legal framework for the current real estate business activities. where the terms for the transfer of lease-purchase, purchase-sale, and construction-related contracts are mentioned.

Although there are no regulations regarding the transfer of contracts for the sale of non-residential real estate that will not be formed in the future, there is a high demand on the market for the transfer of purchase and sale contracts, lease-purchase of houses, real estate, and construction works. Consequently, there is no lawful premise to complete these exchanges as a general rule. As a result, Decree 02/2022/ND-CP has undergone a number of modifications and additions, has overcome some limitations compared to the past, and is anticipated to address deficiencies and issues.

As a result, Decree 02/2022/ND-CP combines specific regulations with conditions for the transfer of contracts for the purchase and sale of future homes and lease-purchase contracts for existing homes and construction projects.

First, a legally binding purchase and sale or lease purchase contract is required for the transfer of the contract. Therefore, these contracts must ensure that each transferred real estate object complies with the terms of the transfer agreement form, whether it's a Contract for Sale, Purchase, Lease, and Purchase of an Apartment, Tourist Apartments (Condotel), Office Apartments with Accommodation (Officetel), etc. Also, the signed contract must be present in cases where the parties signed it before Decree 02/2022/ND-CP went into effect. As a result, parties should ensure the legality of their respective contracts in terms of form and date of establishment when transferring these kinds of contracts.

Second, the transfer contract must be in the category that has not yet submitted a request to a competent state agency for the issuance of a certificate of ownership of houses and other land-attached assets, as well as land use rights. This arrangement has been referenced in the past guidelines for the exchange of land contracts shaped from now on. This has remained a necessary regulation up until this point in order to eliminate the possibility of a real estate bearing two or more certificates for the same object and prevent the handling of licensing procedures from overlapping.

Thirdly, there must be no disputes or lawsuits in the contract of sale, purchase, lease-purchase, and construction work. As a result, the disputed contract will not be utilized for transfer. The prohibition against transferring property rights to the disputed property is in line with this provision. Therefore, in order for the parties to have a foundation for the transfer of the contract, they must first settle the dispute. Real estate dispute lawyers in Vietnam must be consulted for appropriate dispute resolution in many complex cases.

Fourthly, houses and development works that are the subject of procurement and deal or rent buy contracts should not be dependent upon distraint or home loan to get the presentation of commitments as recommended by regulation. As of late, the peculiarity of moving these agreements has expanded with genuinely disregarded the arrangements of the law, making it hard for pertinent equipped power to deal with, in any case making harms the transferee without grasping the legitimate issues for the transferor in the agreement. Nonetheless, with the rule of regarding the understanding of the gatherings, the law actually permits the task of the agreement for this situation in the event that the mortgagee concurs and this assent should be recorded explicitly to keep away from questions later.

It is evident that the highlight of Decree 02/2022/ND-CP has initially resolved the deficiencies in the transfer contract for office apartments (Officetel) and tourist apartments (Condotel), providing the relevant competent authority with a legal foundation on which to handle the requirements. Additionally, Decree 02/2022/ND-CP has contributed to the development of a more transparent mechanism that enables participants to actively comply with regulations on effective real estate business contracts, thereby reducing contract disputes in Vietnam and fostering a safer and more long-term real estate market there.

ANT Lawyers, as a reliable law firm in Vietnam always follow up real estate dispute cases and their development to update clients on regular basis.

Real Estate Legal Matters in Vietnam

In general, private ownership of land in Vietnam is prohibited because the land belongs to the people and is administered by the State of Vietnam. What then is available to purchase when it comes to real estate? What might the purchaser own? When someone wants to invest in real estate in Vietnam, they need to understand a specific definition, as the question would be posed to real estate dispute lawyers inVietnam.

Real Estate Legal Matters in Vietnam

You may have the right to use land in Vietnam?

According to Vietnamese law, it is permissible to own a right to use land. The means by which foreigners and Vietnamese can lease land from the state are provided by this so-called Land Use Right (LUR) Certificate. The land users are able to safeguard their legitimate rights and interests thanks to this LUR Certificate. The transfer of the seller's rights to use the land and the rights to house ownership are both part of the real estate or house sale. The right to use land can be directly obtained in a variety of ways, including: the state's lease; sublease from a zone developer; transfer from another user of the land; transfer from the state. The legitimate reason for Land and House Law of Vietnam are specified in the Law on Lodging as well as in the Law Ashore. The freedoms and privileges of holders of house possession and the holders of the LUR Testament are gotten comfortable this regulation.

In the house ownership right certificate, the name of the person who owns the house must be written, and their rights include, for example, the right to possess; use; sell; lease; donate; exchange; loan or to allow others to remain briefly in the house. The person who holds the LUR and house possession endorsement is qualified for practice the full scope of freedoms over the land/house. The Certificate of Land Use Right and House Ownership Right (LURC) therefore combines land use rights and ownership of land assets.

Can foreigners buy houses in Vietnam?

However, due to the fact that Vietnamese, overseas Vietnamese, and foreigners do not all have the same rights, the individual or organization that wishes to do so determines the possibilities for acquiring land or houses. In Vietnam, acquiring land or a home was frequently quite challenging, particularly for foreigners. Before 2009, foreigners could only form a joint venture with a Vietnamese company and could not legally acquire property. Yet, the Goal No. 19/2008(ND-QH12) began allowing foreigners to own homes in Vietnam in January 2009, with the requirements that the foreigner 1) be employed by a company that is currently operating in Vietnam and 2) possess at least a temporary residence card in order to purchase and own an apartment unit in Vietnam. The Vietnamese Prime Minister is currently debating whether or not to extend this five-year piloting program, which will come to an end in 2014, in order to support the real estate market and make it more appealing to foreigners.

After the first five years, the government said it would review the pilot policy. The Ministry of Construction also said it would open up the possibility of letting foreigners buy houses regardless of whether they work and do business in Vietnam or want to buy real estate in Vietnam.

It is essential to remain current on all legal modifications and developments given that the real estate situation in Vietnam appears to be approaching a turning point. It is necessary to be aware of these legal circumstances in Vietnam because Vietnamese law has special provisions for every organization or individual who wishes to operate with land and real estates related to House Law.

How real estate dispute lawyers in Vietnam could help?

ANT lawyers are aware of the distinctions between Vietnamese and foreign house law provisions and can offer assistance in a variety of projects and matters involving land and houses, including land ownership and house purchase or sale. In addition to assisting clients with the necessary procedures with the Vietnamese authorities, our professionals are able to provide clients with guidance regarding the possibilities and risks associated with Vietnamese real estate and housing laws.

ANT Lawyers, as a reliable law firm in Vietnam always follow up real estate dispute cases and their development to update clients on regular basis.


Areas prohibited to set up company in Vietnam

Vietnam encourages investors to set up company in Vietnam

With the public authority's endeavors in working on the venture and business climate, which is good for homegrown financial backers as well as unfamiliar financial backers, Vietnam's monetary, political and social circumstance has consistently stayed stable and accomplished extraordinary advancement, over the course of the time including the post-Coronavirus period, while laying out reciprocal exchange relations with numerous nations the world. In an effort to open up the economy, the government keeps changing its policies to support business development and improve the business environment. Specifically, the public authority resolves to energize unfamiliar financial backers carrying on with work in Vietnam: to start a business, build a factory, or buy shares in a Vietnamese company, or to invest in Vietnam in various sectors that will benefit the economy.

Areas prohibited to set up company in Vietnam

In general, foreign investors are permitted to establish a business and invest in Vietnam. Up until the end of 2022, the capital for Foreign Direct Investment (FDI) registered is USD 439 billion, and the FDI attracted in 2022 alone is USD 27,7 billion. In practice, a significant number of them have established businesses in Vietnam and have made substantial investments in manufacturing and production, real estate, energy, technical fields, wholesale and retail product trading, and other related industries.

Areas prohibited to set up company in Vietnam

It should be noted that the following are prohibited areas of business in Vietnam: i) dealing in illegal drugs; ii) minerals and chemicals are traded; iii) exchanging examples of plants and wild creatures; iv) the prostitution industry; v) buying and selling people, tissues, organs, human hatchlings; vi) human cloning-related business practices; vii) exchanging fireworks; viii) Businesses that provide debt collection services, including debt collection services, which were recently added to the prohibited list in the beginning of 2021 due to the negative social impact that debt collection companies in Vietnam have had.

The general requirement for both domestic and international investors is that they are permitted to engage in business investment activities in trades and industries that are not prohibited by law. The remaining trades and industries are divided into conditional and ordinary business lines, with the exception of the trades that are prohibited from business investment. In normal business lines, financial backers can openly enter without boundaries. Interestingly, contingent business lines set conditions that should be met assuming the financial backers wish to join. Understanding the lawful condition to work in a particular industry and business line is the initial step for financial backers to enter the market to set up organization in Vietnam.

How Can Foreigners Purchase Real Estate in Vietnam?

Regulations on foreigners owning real estate in Vietnam are regulated in Civil Code 2015, Law on Land 2013, Law on Housing 2014, Decree no. 99/2015/ND- CP on guidelines the Law on Housing and related documents.

For land, foreign individuals are not qualified to utilize land alloted or rented by the State, perceived land use freedoms, got move of land use privileges. However, a company with foreign capital may have received a land use right transfer, recognized land use rights, or land that has been allocated or leased by the State. Companies with foreign capital that are given land by the state in exchange for the payment of land use taxes in order to carry out investment projects related to the construction of houses that can be sold or leased out.

For housing, the following foreign individuals are eligible for homeownership in Vietnam: foreign companies that, in accordance with this Law and its regulations, invest in the construction of project-based housing in Vietnam; unfamiliar contributed ventures, branches, agent workplaces of unfamiliar endeavors, unfamiliar contributed assets and parts of unfamiliar banks working in Vietnam (hereinafter alluded to as unfamiliar association); people from other countries who are permitted to enter Vietnam.

Foreign companies can become homeowners in Vietnam if they invest in the construction of project-based housing in accordance with the provisions of this Law and the applicable legal regulations; or on the other hand purchase, lease and buy, get, or acquire business lodging remembering condos and separate houses for the task for lodging development, with the exception of regions under administration connecting with public guard and security as endorsed in guidelines of the Public authority.

The house cannot be purchased by a foreign company; it can only be sold or offered to another company that is eligible to own housing in Vietnam in the following situations: an unfamiliar association or individual gets a house as a legacy or a gift which is situated in a space in which unfamiliar substances should not claim houses, or the amount of which surpasses as far as possible; a foreign individual or organization that is not permitted to enter Vietnam receives a gift or inheritance in the form of a house in Vietnam.

For explicit circumstances, to stay away from future debate in house proprietorship emerged from the buy, rent of property, house, land from the state, engineer or other dealer, or lessor the client must check with property legal advisors for qualification, conditions and other significant issues.

How real estate dispute lawyers in Vietnam could help?

Our real estate dispute lawyers in Vietnam represent real estate buyers, investors, landlords and tenants in the negotiation, acquisition of residential apartments, houses, tenant leases of office, industrial, retail and other commercial space. When encountering dispute, the buyer need to engage real estate dispute lawyers to handle dispute resolution.

Vietnam is an attractive destination for startups

According to Bloomberg, Vietnam is an attractive destination for startups in 2023

The international press reported that Vietnam's economy has been struggling domestically and internationally in 2023. However, there are still encouraging signs regarding the economy's potential for growth. In the meantime, Vietnam is also focusing on long-term economic growth to encourage startups to start businesses, invest, and do business in Vietnam.

Vietnam is an attractive destination for startups

As the boom period of reopening following COVID-19 comes to an end in 2023, the economy is returning to a long-term growth trajectory. Vietnam wants to spend 7% of GDP on infrastructure this year to support economic growth and ensure that FDI will continue to flow into the country for years to come.

In the future, Vietnam's economy is being strengthened by foreign direct investment. Vietnam is an ideal location for tourists and foreign investors to set up company in Vietnam due to its favorable business climate, stable political environment, sustainable macroeconomic development, abundant labor force, and low cost.

According to experts, the situation is very bad all over the world, but Vietnam has been recovering and getting back on track with its development. There will still be obstacles, such as the possibility of a recession and global protectionism, which reduces export demand. However, there will still be many advantages, and foreign investment, investment in human resources, and infrastructure, will drive growth in a variety of ways. In addition, the recovery of consumer and business confidence is expanding rapidly. Domestic demand has returned to normal.

According to Bloomberg, Vietnam is a desirable location for startups due to its abundance of skilled engineers, low labor costs, and rapidly expanding economy. By 2030, Vietnam wants to make Ho Chi Minh City a "magnet" for technology investments and a digital economy.

Vietnam is now a major hub for manufacturing and a crucial link in the global supply chain. As a result, increasing automation is crucial for economies and businesses. One of the primary drivers is the rapid improvement in labor productivity and digitization of the value chain. Vietnam's economy has great potential for rapid growth and digital transformation across all sectors.

Concerning the factors that ensure Vietnam's growth, there is a consensus. These elements incorporate speeding up primary and institutional changes, profoundly taking part in new-age economic alliances, improving unfamiliar speculation fascination, speeding up computerized financial change, and profound mixing into the worldwide store network.

Signing Deposit Contract in Sales and Purchase of Property

Because of the significant potential profits it could bring from the real estate transaction business, investing in real estate in Vietnam attracts a lot of attention from individuals and organizations. How real estate dispute lawyers in Vietnam could help and make the transaction more secured?

Signing Deposit Contract in Sales and Purchase of Property

High profits often come with high risks

However, there is a saying that never goes wrong: Many investors would need to be aware that high profits frequently come with high risks. When it comes to real estate transactions, investors and buyers have lost a lot of money and lost valuable time as a result of long-term disputes and a lack of comprehension of the law's provisions and legal issues. Negligently signing contracts and agreements can increase disputes between buyers and sellers, but this risk can be mitigated with the assistance of dispute lawyers in Vietnam.

Advice from real estate dispute lawyers in Vietnam: sign deposit  when buying or selling property

A deposit is a guarantee for the sellers and buyers that the property sales and purchase transaction will be carried out according to the terms of the agreement before buying and selling a house.

In order to guarantee that the official real estate purchase and sale contract will be carried out in a reliable manner in the future, the seller and the buyer will sign a deposit contract at that time. In order to guarantee that the seller will not sell the property to another third party, the buyer (the deposit party) must use this form to make a cash deposit to the seller (the deposit recipient). At the end of the deposit period, the parties will sign a real estate purchase and sale contract.

Matters to concern when signing the contract that need the help from conveyance lawyers in Vietnam

When making a deposit transaction with the seller, it is necessary to take into consideration the following issues in order to minimize risks and maximize buyer interest protection:

Firstly

It is necessary to identify the individual or co-owner of the real estate. In order to avoid the possibility of the deposit contract being void, the owner of the real estate must be a person who has full civil act capacity when conducting transactions.

Secondly

The buyer must check the land's legal papers to make sure it can be transferred legally. These conditions are as follows: i) Possessing the certificate of right to use the land; ( ii) There are no disputes on the land; iii) the land use rights are not restricted in order to enforce a judgment; ( iv) falling under the category of land use.

To check and ensure that the land is fully eligible for the transfer of land use rights, the buyer should specifically request that the seller provide the original or a certified true copy of the certificate of land use rights, ownership of houses, and other assets attached to the land, as well as some pertinent information confirmed by a competent state agency.

In fact, even though the buyer has been given the aforementioned documents to check, there is still a chance that the seller will commit fraud in order to take the buyer's property if they knowingly provide fake documents. These are cases that have criminal characteristics and are frequently the result of organized, fraudulent organizations attempting to acquire substantial property values from a large number of people.

The buyer can determine the amount of the deposit based on the level of risk they are willing to take in the event that information about the land has not been verified by the appropriate authority by reviewing the land's legal documents. Naturally, this amount is subject to negotiation with the seller and must be agreed upon by both parties.

Thirdly

The deposit contract contains a number of specifics that the parties must keep in mind. Terms of the deposit penalty, the parties' rights and responsibilities, and the amount to be paid for notarizing the sales and purchase contract are all agreed upon by the parties.

At the point when the gatherings sign this agreement (in the severe legitimate term, it is an agreement for the exchange of land use privileges, responsibility for, and different resources connected to the land), they should bear expenses recommended by regulation, including legally approbation charge, enrollment expense, individual personal duty, other state charges caused during the time spent moving the name of the declaration of land utilize right, possession own homes and different resources joined to the land.

Consequently, the parties should specify, in accordance with the agreement, which party will bear these fees in the deposit contract. A fee for notarizing this contract will be incurred if the parties agree that the deposit contract must be notarized. Based on the deposit contract's value, this fee is listed in each notary office's notarization fee schedule. The deposit contract also specifies that the term of the deposit must be within a time frame that is appropriate to the actual circumstance. This guarantees that when the deposit period ends, the parties will sign a contract for the sale and purchase of the house.

Fourthly

The deposit contract is written according to the parties' agreement in terms of form. When buying or selling a house in Vietnam, the current law does not require the deposit contract to be notarized and authenticated. However, if the house has a high value, the parties may want to consider notarizing the deposit contract at the notary office where the land is located in accordance with legal requirements to ensure its legality and to avoid future conflicts and dangers.

To ensure efficiency when signing documents related to property transactions, buyers and sellers can seek legal advice from experts and real estate dispute lawyers in Vietnam for specific details.

How to get an apartment in Vietnam?

Vietnam's real estate market, including apartment, has stabilized following the most difficult period. However, it needs to make a lot of changes to the laws in order to meet the 90 million people's demand for housing. Real estate dispute lawyers in Vietnam will update the proposal of an expert in issue of definite ownership apartment.

As in many other nations, such as England, the right to own a home lasts 999 years, but in Vietnam, the government has only given out two types of land: permanent assignment and definite assignment.

When the first method was used, permanent land assignments were made to residential land, and almost all apartments that came with the term "permanent" were bought on the market.

In the second, lands were allotted, and investors continued developing the projects within 50 years. This kind of project existed in some apartment buildings in Ha Noi and Ho Chi Minh City. After that, the investors went through the steps to change the apartment's definite ownership to permanent ownership. Thusly, really, the cost of apartment will decrease if the form of definite ownership is applied.

Regulating the apartment's definite ownership for 50 to 70 years will benefit reconstruction and improvement in the event of depreciation or usage expiration.

It is important to engage reliable law firm in Vietnam specializing in real estate transaction for buying an apartment in Vietnam to avoid potential disputes and protect their best interest for seller and safeguard investment for buyer.

How Foreigners Can Easily Own a House in Vietnam?

Because making an overseas property investment is a significant decision, it is recommended that the investors consult with real estate dispute lawyers in Vietnam for assistance in determining the developer's eligibility, construction permits, and other project-related legal documents. To ensure the protection of rights, reduce risks, and ensure compliance, it is essential to review the transaction documents in relation to the deposit agreement, sales agreement, and any other agreements the developer might propose.

How Foreigners Can Easily Own a House in Vietnam?

On November 25th, 2014, the National Assembly of the Socialist Republic of Vietnam has approved the Housing Act 2014. The fact that a foreigner can buy a house in Vietnam is one of the most notable new changes.

Houses can be owned by foreign organizations and individuals in Vietnam:

-Overseas organizations and individuals putting resources into lodging development under projects in Vietnam as per the arrangements of the Housing Law and related authoritative archives;

-In Vietnam, businesses with foreign investment capital are operating, as are foreign investment funds, foreign bank branches, branch or representative offices of foreign businesses, and foreign investment funds.

-Foreign citizens are allowed to enter Vietnam.

What are forms of ownership housing foreigner in Vietnam?

-investment in the construction of housing in Vietnam as part of the project, in accordance with the Housing Law and related legislation;

-Apartments and single-family homes are included in the investment projects of housing construction. Commercial housing can be purchased, leased, donated, or passed down. (With the exception of housing projects aimed at safeguarding Vietnam's national defense and security, as mandated by the Government of Vietnam).

What are conditions, rights and obligations of foreigner when buy house in Vietnam?

For people or associations putting resources into lodging development under a project in Vietnam while seeking to possess houses in Vietnam they should fulfill the accompanying circumstances:

-Have an investment certificate

- Have housing developments constructed within the project in accordance with housing law.

When looking to buy a house in Vietnam, foreign businesses with foreign investment capital, branch or representative offices of foreign businesses, foreign investment funds, and foreign bank branches must meet the following conditions:

-Have investment certificates or documents relating with the license to operate in Vietnam gave by the skillful State offices of Vietnam.

Foreign individuals buying a house in Vietnam

-Allowed entry into Vietnam, but do not entitled to diplomatic and consular privileges and immunity.

Foreign businesses with foreign investment capital, branch or representative offices of foreign businesses, foreign investment funds, and foreign bank branches in Vietnam, as well as individual foreign buyers of homes in Vietnam, are eligible to own homes in Vietnam when:

-Rent, buy, donate, inherit, or own no more than 30% of an apartment building's units; Foreigners are not permitted to buy, lease, donate, inherit, or own more than two hundred fifty individual houses, including villas and semi-detached houses, in areas with a population equivalent to that of ward-level administrative;

-In accordance with the terms of the contract of sale, lease, donation, or inheritance, foreign individuals are entitled to own a home for a maximum of 50 years from the date of issuance of the certificate of ownership, which may be extended as required by the government. The certificate must also specify the period of ownership of the property;

-In the case of foreign individuals married to a citizen of Vietnam or hitched to a Vietnam resident got an outside country, they can possess the houses for a long and stable term. Additionally, like Vietnamese citizens, they enjoy owner rights;

Foreign organizations shall have the right to own a house in accordance with the contract of sale, lease, donation, or inheritance, but not longer than the period outlined in the certificate of ownership, which may include an extended period. The time it takes to own a house starts on the date the certificate of ownership is received and is listed on the certificate.

How to start a business in Vietnam as a foreign investor?

Vietnam is one of the fastest-growing economies in Southeast Asia, with a young and dynamic population, a favorable business environment, and a strategic location. Additionally, Vietnam's government has been increasingly enacting more preferential policies to facilitate foreign investors' entry into the country to do business in Vietnam. If you are interested in starting a business in Vietnam, here are some steps you need to follow:

How to start a business in Vietnam as a foreign investor

Step 1: Choose a business entity type

There are different types of business entities in Vietnam, such as limited liability company joint-stock company partnership, branch office, representative office, etc. Each type has its own advantages and disadvantages, depending on your business goals, capital, and legal requirements. You should consult a local law firm in Vietnam to help you decide which entity type suits your needs best.

Step 2: Register your business in Vietnam

After chosing your business entity type, you need to register your business with the relevant authorities in Vietnam. This involves submitting various documents, such as: business name, address, charter capital, shareholders, directors, tax code, etc. Depending on the type and scope of your business, you may also need to obtain additional licenses or permits from other agencies, such as the Ministry of Industry and Trade, the Ministry of Health, the Ministry of Planning and Investment, etc.

Step 3: Open a bank account in Vietnam

You need to open company’s bank account after registering your business. You will need to provide your business registration certificate, tax code certificate, and other documents to the bank. You can choose from various local or foreign banks operating in Vietnam, depending on your preferences and needs.

Step 4: Hire staff and set up your office in Vietnam

The next step is to hire staff and set up your office in Vietnam. You will need to comply with the labor laws and regulations in Vietnam, such as: minimum wage, social insurance, health insurance, working hours, etc. You will also need to find a suitable location for your office and equip it with the necessary facilities and equipment.

Step 5: Start your operations and marketing

You will need to develop a business plan and strategy that suits the local market and culture in Vietnam. You will also need to build relationships with customers, suppliers, partners, and authorities in Vietnam. You can use various channels and methods to promote your products or services, such as: social media,online platforms, events, etc.

Starting a business in Vietnam can be challenging but rewarding. By following these steps and seeking professional advice from the law firm in Vietnam when needed, you can successfully establish and grow your business in Vietnam.

ANT Lawyers is the reliable law firm in Vietnam that will always contact the authorities to obtain legal updates on issues pertaining to do business in Vietnam.

Forms of Setting up company in Vietnam

According the Vietnam Law on Enterprises, there are four common types of companies:

-Private enterprise

-Partnership

-Joint stock company

-Limited liability company

Forms of Setting up company in Vietnam

-Private enterprise is a business run by a single person who is responsible for all of its operations and owns all of its assets;

-Partnership is an organization in which (i) at least two partners co-own the business and operate jointly under a single name; There may be limited partners in addition to general partners; ii) A partnership's general partners must be individuals who are fully responsible for the partnership's obligations with their entire property: iii) Limited partners are only responsible for the partnership's debts up to the amount of their capital contribution;

-Joint stock company is an enterprise where i) Its contract capital is partitioned into equivalent bits known as shares; ( ii) Shareholders may be individuals or organizations; the base number of investors will be three and will not be confined to a specific most extreme number; ( iii) Its shareholders are only responsible for the debts and other property obligations of the company up to the value of their capital contribution; ( iv) Shareholders will be free to transfer their shares in accordance with the law;

-Limited liability company (also known as a single-member or multi-member limited liability company). A one-member limited liability company is an enterprise which is owned by one organization or individual (hereinafter referred to as the company owner); Within the company's charter capital, the owner is responsible for the company's debts and other property obligations. A business is a limited liability company if: i) Members may be individuals or organizations; The number of members in total cannot be more than fifty; ( ii) Individuals are answerable for obligations and other property liabilities of the undertaking inside how much capital that they have resolved to add to the endeavor; ( iii) The members' capital shares can only be transferred in accordance with the law.

ANT Lawyers is a law firm in Vietnam with international standards, recognized by IFLR1000 on Financial and Corporate practice. The firm provides a wide range of legal services, including M&A, corporate establishment, business advisory, tax advisory, dispute resolution for multinational and domestic clients.

How to Establish Travel Services Business in Vietnam?

Because passenger transportation is one of the investment areas subject to restrictions for foreign investors in Vietnam, a foreign investor can only form a joint venture with a travel agency in Vietnam to establish a travel services business there.

How to Establish Travel Services Business in Vietnam?

It is impossible to deny the significant impact that information technology has had on the travel services industry. The utilization of booking reservation framework application on cell phone and web are inescapable that make travel has never been more straightforward. The travel services market would be interesting for a foreign investor to explore. Nonetheless, 100 % foreign owned company is not allowed  to set-up travel services business in Vietnam. Due to the conditionality of this investment area, a Vietnam-based law firm should be consulted to ensure compliance with local regulations.

The application process and documents requirements to establish travel business in Vietnam are briefly

1.Required documents to establish travel business in Vietnam

-Application for the International Travel Business License (form);

-Certificate of business registration (copy – certified)

-Business plan for the international travel agency;

-Tour schedule

-Proof of at least 4 years of experience in international travel business operations

-Certified copies of the tourist guides’ cards whereby at least 3 international tourist guides are required

-Confirmation of bank deposit (as per regulations);

-Proof of offi

2. Business License Application Procedure to establish business in Vietnam

-Submitting the required documents to the appropriate authority (the province or city's Department of Culture, Sports, and Tourism).

-Within 10 working days of receiving a valid application, the province or city's Department of Tourism completes the appraisal records and sends a written request along with the agency's records to Vietnam's Ministry of Culture, Sports, and Tourism. At the point when cases are not qualified for the proposed grant to the state organizations, the commonplace the travel industry office will refer to the particular purposes behind refusal.

Within ten working days of receiving the file and written request from the state agency of tourism in the province, the international travel business must be reviewed and licensed by the state management agency of tourism (VNAT – Ministry of Culture, Sports, and Tourism). In the event of refusal, the service will express the particular motivations to the state and commonplace the travel industry specialists.

3. Number of records

-Submission to the Department of Culture, Sports and Tourism: 01

– Tourism Authority Filed in: 01

ANT Lawyers – a law firm in Vietnam will always follow up with authorities for legal update on matters relevant to investment registration or business registering in Vietnam.

Navigating Employment Termination Matters in Vietnam: The Role of Employment Litigation Lawyers

Terminating employment is a delicate and complex interaction that requires cautious adherence to work regulations and guidelines. In Vietnam, the bosses and workers face different difficulties with regards to business end matters. When labour disputes arise, looking for help from experienced employment litigation lawyers in Vietnam becomes vital.

Navigating Employment Termination Matters in Vietnam

Employment Termination in Vietnam

Employment termination is administered by the Labor Code, which gives rules and guidelines to the two managers and representatives. Redundancy, disciplinary action, mutual agreement, or the expiration of a fixed-term contract are all examples of situations that can result in the termination of an employment contract in Vietnam. However, it is essential to ensure that terminations adhere to legal requirements and due process, regardless of the reason. Failure to do so may result in disagreements and possible legal consequences.

Dispute Resolution Mechanisms

Seeking professional legal assistances help is a good idea when disputes between employers and employees arise during the termination process. Employment litigation lawyers in Vietnam have practical experience in business regulation and are knowledgeable in the work regulation and debate goal components. Throughout the process of resolving a dispute, they can offer guidance and representation that are of great value. Employment litigation attorneys in Vietnam assist employers and employees in comprehending their rights and responsibilities, evaluating the merits of their case, and evaluating alternative dispute resolution options like negotiation or mediation in order to achieve a mutually agreeable resolution. These employment dispute lawyers in Vietnam can represent their clients in labor arbitration or litigation if the conflict escalates, ensuring that their interests are safeguarded and the legal procedure is diligently followed.

Role of employment litigation lawyers for employers in Vietnam

Employment litigation lawyers in Vietnam help employers in leading far-reaching appraisals of end choices, guaranteeing consistence with lawful necessities and limiting the gamble of debates. They offer direction on issues, for example, severance pay, notice periods, and non-contend statements, guaranteeing that businesses satisfy their commitments and safeguard their financial matters. In case of a debate, these legal counselors can address managers during discussion, intercession, or suit, upholding for fair and sensible results while defending their clients' legitimate freedoms and notoriety.

Role of employment litigation lawyers for employees in Vietnam

Employment litigation lawyers in Vietnam represent considerable authority in business matters offer priceless help to workers by guaranteeing their privileges are safeguarded in the meantime. They assist representatives with grasping their privileges, for example, severance pay, and evaluate the legitimateness and decency of end choices. Question attorneys give lawful counsel and portrayal during discussions, intercessions, or official actions, supporting for just results and chasing after solutions for any illegitimate end or out of line treatment. They can help with social event proof, introducing contentions, and looking for pay or reestablishment, contingent upon the conditions. Employees can confidently navigate the complexities of employment termination disputes with the assurance that their interests are protected with the assistance of skilled legal professionals.

In conclusion, employment litigation lawyers assume a vital part in settling work debates in Vietnam. They provide essential support to clients, defending their legal rights and pursuing fair outcomes by utilizing their advocacy skills, extensive knowledge of labor laws, and expertise in dispute resolution mechanisms. Whether through discussion, intervention, or suit, In conclusion, employment litigation lawyers in Vietnam offer significant help with exploring the intricacies of work questions, guaranteeing that businesses and representatives the same are dealt with decently and that their advantages are shielded in the meantime.

ANT Lawyers is a law service in Vietnam with English speaking lawyers, located in the business centers of Hanoi, Danang and Ho Chi Minh City with international standards. We are Vietnam exclusive member of Prae Legal, an international law firm network, providing full ranges of legal services.

How does the Vietnam Labor Code regulate probation?

Probation is an understanding between a representative and a business on a trial work in a specific timeframe as per the arrangements of regulation. Both the employer and the employee should go through a trial period before signing a labor contract to see if they can work together in the long run. The Labor Code and other relevant guidelines should be followed during the probation. The Labor Code 2019 comes into force as of January first, 2020, various new guidelines as needs be are given in association with the probation, which each organization ought to  review the matter with its labour dispute lawyers in Vietnam for compliance.

How does the Vietnam Labor Code regulate probation?

This contract does not apply to employment for less than one month, regardless of the circumstances under which it may be entered into. The probationary clause is not required to be included in the labor contract by the 2012 Labor Code. As a result, an employer and employee may negotiate the probation, as well as their respective rights and responsibilities during the probation period. If the parties are in agreement about the probation, they can sign a probation contract. On the off chance that the probation work meets the necessities, the business will finish up a work contract with the representative. It is clear from these provisions that a separate probationary contract between the employer and employee is required.

When the probation period is over and the employee satisfies the employer's recruitment requirements, the labor contract should be signed. As per the most recent arrangements in the Labor Code 2019, the business and the representative might settle on the probation expressed in the work contract or a different trial contract. If the labor contract includes a probationary period, the employer is obligated to continue carrying out the current agreement once the employee has met all of the requirements. In that case, a new labor contract must be signed.

Based on the nature and complexity of the job, the Labor Code decided how long the probation period had to be. For positions requiring a college degree or higher, the probationary period was previously limited to no more than 60 days. Currently, executives can extend their probationary period by up to 180 days. The owner of a sole proprietorship, the partner of a partnership company, the chairperson or member of the Board of Members, the President of a company, the President or member of the Board of Directors, the Director/General Director, or the holder of another managerial position prescribed in the company's charter (applicable to the enterprise without state capital) are examples of executives who play a significant part in the business and operation of the businesses.

The Labor Code 2019 made another change to the cancellation of probationary contracts, removing the restriction on the right to cancel. Consequently, during the probationary period, either party may terminate the labor contract or probationary contract without penalty or prior notice. On the other hand, if the probationary job does not meet the requirements that the employer and employee have agreed upon under the Labor Code 2012, the probation may be terminated.

The primary purpose of probationary periods is to determine whether an employee and employer are compatible at the outset of an employment relationship. To avoid a potential dispute in Vietnam, businesses as employers must have a clear understanding of the principles of entering into a labor contract and a probationary contract.

ANT Lawyers is an international law firm in Vietnam with English speaking lawyers, located in the business centers of Hanoi, Danang and Ho Chi Minh City with international standards, recognized by IFLR1000. We are Vietnam exclusive member of Prae Legal, an international law firm network, providing full ranges of legal services.

Trademark Infringement lawyers in Vietnam assist trademark infringement

Self protection of trademark infringement in Vietnam

Owners of trademarks may need a lot of time and effort to protect themselves from trademark infringement in Vietnam. It is recommended to talk with brand name encroachment attorneys in Vietnam for help in light of the fact that the comprehension of specialized matters, lawful grounds and business practice in Vietnam.

The trademark owner in Vietnam has the self-protection right to: (i) apply technological measures to prevent acts of trademark infringement in Vietnam; (ii) request the organization or individual who commits an act of trademark infringement to terminate such act, make a public apology or rectification, and compensate damages when detecting the act of trademark infringement; iii) Make a request to the appropriate authority to deal with trademark infringement in accordance with the laws.

To begin, the infringing party can inform the infringing party that the infringed trademark is protected and that the infringing party is not to infringe in order to implement technological measures to prevent acts of trademark infringement. This information can include information about the original of emergence, the trademark certificate, the protection and duration scope, as well as other information about the right of the trademark owner. In addition, the owner of the trademark that is being infringed upon may employ the technical means or measures to mark, identify, distinguish, and safeguard the trademark that is being infringed upon.

Besides, the proprietor could likewise demand association or person who commits a demonstration of brand name encroachment to end such demonstration, make a general acknowledgment or correction, and remunerate harms. In particular, trademark owners can send information about the origin of the infringement, a trademark certificate, the protection scope, the duration of the protection, and a reasonable time frame for the infringer to stop the act of infringement to the infringer, or they can authorize an IP attorney in Vietnam to send this information to the infringer.

Additionally, the content of the written request will vary based on the situation and degree of infringement. This could be referred to as a prior-should-use measure taken prior to implementing technological measures. Both parties will save time and money if the violating party cooperates and stops the infringement.

Thirdly, proprietor of brand name could demand the capable position to manage demonstrations of brand name encroachment as per the arrangements of regulations.

When the trademark owner sends the above-mentioned request to the infringing party and the infringing party refuses to cooperate and continues the infringement, the infringing party may send the following information to the competent authority: date that the request was made; the name and address of the violator or their representative; name of getting demand authority; the name and address of the party infringing; in the event of a request for a temporary cessation of customs clearance for exports or imports suspected of infringement, the name and address of the suspected violator; brief data of encroached brand name and encroachment; suggested ways to deal with infringement; documents and evidence that are included with the request

The petitioner may request administrative, civil, criminal, or customs measures from the appropriate authorities based on the seriousness of the violation. It should be noted that additional information on the mode of import or export, country of exportation, mode of packaging, the lawful importer or exporter, and features of lawfully imported or exported goods for distinction from infringing goods must be provided when a request for temporary cessation of customs clearance for imports or exports suspected of infringement is sent to the custom authority.

How trademark infringement lawyers in Vietnam could help with trademark infringement in Vietnam?

In general, it is crucial to safeguard intellectual property rights. In addition, working with an IP attorney in Vietnam will make the registration, management, and protection of intellectual property from infringement as well as the handling of disputes against IP violators in Vietnam through administrative measures, civil litigation, or even criminal prosecution, all more efficient.

Real estate dispute lawyers in Vietnam discuss land disputes

In Vietnam, land disputes, real estate disputes, and property disputes are among the most complicated disputes that frequently arise in everyday life. Settling these sorts of debates could take time and the land question legal counselor in Vietnam could assist with distinguishing the underlying drivers and propose reasonable methodology for mollification and settlement.

Real estate dispute lawyer in Vietnam discuss land disputes

What types of land disputes in Vietnam?

Land, real estate, and property disputes typically involve high stakes and a wide range of topics, including disputes over land use rights, ownership of property tied to land use rights, rights to land use rights derived from inheritance, property division disputes during divorce, disputes over transfer and transformation transactions, leasing, subleasing, and mortgages tied to property or land use rights.

What are land disputes in Vietnam?

A land use right dispute is a disagreement between two or more parties in a land use right relationship regarding the rights and responsibilities of land users.

What should the parties do to resolve a dispute over land? There are two ways in which a land dispute can be resolved: in court or through settlement procedures at state administrative agencies.

Firstly, for some sort of land questions, placation strategy at commune-level People’s Committee of the locality a where the contested land is found is obligatory condition and method.

Specifically, on the off chance that placation by parties can't be accomplished, the gatherings might send a request for pacification to he commune-level People’s Committee of the locality where the contested land is found.

When a petition for resolving a land dispute is received by the commune-level People's Committees, the conciliation process must be completed within 45 days. Only when all of the disputing parties are present can the conciliation take place. On the off chance that any of the questioning gatherings is missing for the subsequent time, the appeasement will be viewed as ineffective.

The following two cases will be used to settle the land dispute in the event that conciliation at a commune-level People's Committee fails:

-The land, first and foremost, debate in which the party has an endorsement or any of the papers recommended in Article 100 of Land regulation and the disagreement regarding resources connected to land will be settled by People’s Court.

Second, in the case of a land dispute in which neither party possesses the aforementioned documents, the parties have a choice between the following two approaches to settlement: recording a composed solicitation for question settlement with a competent People’s Committee or documenting a claim with a competent People’s Court in accordance with the law on civil procedures.

In the second case, the chairperson of the competent People’s Committee is in charge of resolving disputes between households, individuals, and communities when the party chooses to settle at a competent People's Committee. In accordance with the law governing administrative procedures, the parties can either file a claim with the chairperson of the provincial-level People's Committee or sue in a People's Court if they are dissatisfied with the settlement decision.

In the event that one party is an association, a strict establishment, an abroad Vietnamese or an unfamiliar contributed undertaking, the executive of the common level People’s Committee is liable for the settlement. In accordance with the law governing administrative procedures, the parties have the right to file a claim with the Minister of Natural Resources and Environment or a lawsuit with a People's Court if they are dissatisfied with the settlement decision.

It ought to be noticed that the lawfully compelling choice on question settlement should be completely maintained the gatherings. Assuming the gatherings neglect to go along, the choice will be authorized.

The following grounds shall be the basis for the settlement of land disputes in which the disputing parties do not possess a certificate or any of the documents required by the Land Law or the Decree detailing a number of articles of the Land Law:

-The disputing parties' evidence regarding the land's origin and use process;

-Actual land areas that are currently occupied by the parties in addition to the land area that is in dispute and the average land area that is shared by each household in the area;

-Conformity of the disputed land's current use status with land use plans that have been approved by competent state agencies;

-Particular treatment arrangements toward people with worthy administrations to the State; Land use rights recognition, lease, and allocation regulations.

How real estate dispute lawyers in Vietnam could help?

The people of Vietnam do not own  land. Land use rights can only be purchased and sold. As previously stated, the complexity of Vietnam's land law and related regulations, as well as the country's long-standing culture of land use, could complicate disputes involving real estate, land, and property.

A mandatory condition and procedure for some kinds of land disputes is that they must be resolved at the commune-level People's Committee of the locality where the disputed land is located. The parties to other kinds of property and real estate disputes could immediately file a claim with the court. It might be difficult to differentiate between dispute resolution methods. In order to avoid or resolve a dispute, it is recommended to consult a real estate dispute lawyer in Vietnam for early guidance and representation.

Navigating Complexities and Safeguarding Property Rights with real estate litigation lawyers in Vietnam

The Crucial Role of Real Estate Litigation Lawyers in Vietnam

Real estate transactions in Vietnam are on the ascent, driven by expanding urbanization. Notwithstanding, exploring the complex legitimate scene of the Vietnam housing business sector can be trying for both homegrown and worldwide financial backers. Real estate litigation lawyers assume a basic part in this unique situation, offering master direction and portrayal to defend property freedoms and resolve questions really.

The Crucial Role of Real Estate Litigation Lawyers in Vietnam

The Vietnam real estate market is assorted and dynamic, incorporating private, business, modern, and rural properties. With the rising interest for land and properties, land exchanges include different partners, including purchasers, venders, designers, property managers, occupants, and government organizations.

Understanding the legitimate subtleties and complexities of land exchanges is essential to guarantee consistence with regulations and guidelines, limit gambles, and safeguard property privileges. Real estate litigation lawyers in Vietnam have top to bottom information on Vietnam land regulations, guidelines, and market works on, making them exceptional to direct clients through each step of the real estate process.

One of the essential jobs of real estate litigation lawyers in Vietnam is to give master help with drafting and assessing land contracts. Whether it's a deal and buy understanding, rent understanding, improvement understanding, or joint endeavor contract, these legal advisors guarantee that the agreements are lawfully strong, safeguard their clients' advantages, and line up with Vietnam land regulations. They fastidiously investigate legally binding terms, recognize expected gambles, and haggle in the interest of their clients to get good agreements. Moreover, real estate litigation lawyers in Vietnam exhort clients on consistence with administrative necessities, divulgence commitments, and the utilization of standard industry terms.

Before taking part in any land exchange, exhaustive property a reasonable level of effort is fundamental to survey the property's legitimate status, proprietorship, and likely dangers. Real estate dispute lawyers in Vietnam lead far reaching a reasonable level of effort examinations, looking at land titles, encumbrances, allows, and drafting guidelines. This persistence assists clients with settling on informed conclusions about the suitability and potential dangers related with a property speculation. Recognizing any lawful issues or inconsistencies in advance permits clients to proactively relieve dangers and address possible difficulties.

In Vietnam, land use privileges are a perplexing part of land exchanges. Real estate litigation lawyers  help clients in understanding the different sorts of land use privileges, like leasehold, freehold, and land use freedoms for unfamiliar financial backers. They give direction ashore use arranging, land designation, and transformation methodology. Moreover, these Real estate litigation lawyers assist clients with exploring land possession debates, limit questions, and issues connected with the obtaining of land-use freedoms. Their mastery in land regulations and guidelines guarantees that clients' property privileges are legitimately safeguarded, and they can unhesitatingly continue with their land speculations.

Questions in land exchanges are normal, and when clashes emerge, land prosecution legal counselors in Vietnam become significant supporters for their clients. These legal counselors are knowledgeable about dealing with an extensive variety of land questions, for example, break of agreement claims, expulsion activities, title debates, development debates, and requirement of property privileges. They help clients in investigating elective debate goal strategies, like exchange, intercession, and mediation, to arrive at neighborly settlements and keep away from expensive suit whenever the situation allows. Be that as it may, assuming suit becomes fundamental, land prosecution legal counselors in Vietnam address their clients in court procedures, introducing powerful claims and proof to safeguard their clients' property privileges and monetary interests.

Land projects frequently require different government endorsements and grants. Real estate litigation lawyers in Vietnam are knowledgeable in the administrative scene and help clients in getting the fundamental endorsements, allows, and licenses from significant specialists.

In conclusion, real estate litigation lawyers in Vietnam assume a key part in the nation's flourishing property market. With their profound information on Vietnamese land regulations, guidelines, and market rehearses, they guide clients through the intricacies of land exchanges, safeguard property freedoms, and resolve questions actually. Whether helping with contract drafting, an expected level of effort, land use issues, question goal, administrative consistence, or government endorsements, land case legal counselors contribute fundamentally to guaranteeing a straightforward and secure housing market in Vietnam. Their master direction and portrayal are fundamental for financial backers looking for progress and strength in this lively and quickly advancing area while carrying on doing business in Vietnam.