Enterprises foreign investment, when operating in Vietnam, must perform 5 types of investment reports each year. A. Reports on invesment activities in Vietnam[1] Periodic reports on a quarterly basis Periodic reports on an annual basic Report form Form A.III.1 Form A.III.2 Report time Before dates April 10th; July 10th September 10th; January 10th the…
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Question: I am a Japanese investor and I intend to invest in a company in Viet Nam. The main activity in the Vietnamese company that I plan to operate is selling foods, such as dried fruits, cashews, etc. to consumers through e-commerce websites, such as Shopee, Lazada in Viet Nam. Then, when buying and selling…
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This is a new detailing of the law for recruiting foreign labor in Vietnam starting from January 1, 2024. Enterprises are only allowed to recruit foreign labor after posting announcements of Vietnamese labor recruitment on the official Website portal of the Ministry of Labor – Invalids and Social Affairs of Vietnam or on the Website…
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Question: I am a foreigner, not residing in Viet Nam but in Singapore. I start to plan to invest capital in a company in Viet Nam. But in order for the company to operate, it needs to be transferred a source of money to carry out the business. So in my case, do I need…
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Question: I am a foreigner having American nationality. I want to set up a business in Viet Nam to make an investment. As far as I know, investing in Viet Nam requires opening an account, called an investment capital account, to conduct money transfers and prepare for investment activities. So, to open that account, what…
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Question: I am a foreigner. I have just established a two-member limited liability company in Viet Nam. I also have an investment certificate. Based on my research, setting up a business means a need for a direct investment capital account (DICA). However, I’m quite unsure whether I can open multiple types of accounts (DICA) or…
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Investment capital account is a type of payment account in Viet Nam dong or in a foreign currency opened by a foreign-invested enterprise at a bank allowed to carry out income and expenditure transactions related to investment activities in Viet Nam. Currently, there are two types of investment capital accounts, namely indirect investment capital account…
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The situation as follows: Ms. A (U.S. citizen) living in Viet Nam wants to authorize a U.S. citizen relative in the U.S. to handle her properties. To do so, a Power of Attorney must be made. The question is, what procedures have to be done with such Power of Attorney? Nghiep Thanh Law would like…
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With the pace of modern life, means of transportation becomes more advanced, the economy is growing day by day. Also, the need for discovery, travel, business, and life in foreign countries arises considerably. Accommodation is one of the issues that draw much attention to foreigners when they come to Viet Nam. A question was sent…
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In daily life, for some reason. an individual or an organization cannot conduct transactions related to their rights and interests by themselves, they can authorize others to perform specific tasks on their behalf. And many people wonder if the power of attorney must be notarized or authenticated. Through this article, Nghiep Thanh Law will help…
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