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…
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…
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…
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…
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…
An actual case: Mr. Vo Van Sanh and Mrs. Do Thi Hoi are spouses. They live together and have 11 children: 1. Vo Thi Tien was born in 1935 2. Vo Thi Phan was born in 1936 3. Vo Cong Guong was born in 1939 (Died on August 15, 2014) 4. Vo Thi Lanh was…
Question: Hello! I have an American friend named Mark. Mark is currently living in Viet Nam and he needs to use a US-issued college/university degree to get a work permit. I would like to ask what procedures do Mark need to do in order for a college/university degree issued in the U.S. to be used…
Issue: My family has 5 daughters and I am the oldest sister. Because of the desire for a son, my parents gave birth close together. This time, my mother get pregnant again, and the baby is a girl. Then, my father shouted at my mother very badly and asked her to have an abortion. But…
In the context of business and investment activities constantly developing, the number of investment projects that need to carry out procedures for approval of investment policies from competent state agencies is becoming more and more common. Meanwhile, the Law on Investment 2020 has many amendments in the order and procedures for approving investment policies, making…
Issue: Hello, Lawyer. A man and I have mutually agreed on a 4-year relationship contract because I want to commit to a long-term relationship with him. The contract includes provisions for mental care, material support, and communication via text messages. My question is whether this contract is legal or not. Answer: Hello Reader, thank you…
