Foreign Investment Consultancy
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Decree No. 31/2018/ND-CP on guidelines for the Law on Foreign Trade management in terms of origin of goods
Decree No. 31/2018/ND-CP dated March 8, 2018 of the Government on guidelines for the Law on Foreign Trade management in terms of origin of goods THE GOVERNMENT ------- SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness --------------- No. 31/2018/ND-CP Hanoi, March 8, 2018 DECREE ON GUIDELINES FOR THE LAW ON FOREIGN TRADE MANAGEMENT IN TERMS OF ORIGIN OF GOODS Pursuant to the Law on Government Organization dated June 19, 2015; Pursuant to the Law on Foreign Trade Management dated June 12, 2017; At the request of the Minister of Industry and Trade; The Government promulgates a Decree on guidelines for the Law on Foreign Trade Management in terms of origin of goods. Chapter I GENERAL PROVISIONS Article 1. Scope This ... -
Ownership ratio of foreign investor
Vietnam has participated in several world economic organizations with the commitment to open up to foreign investors in Vietnam. Accordingly, enterprises, organizations, foreign individuals viewed Vietnam as a potential investment markets. However, the legal system overlap and inconsistency in many texts also led businesses, foreign individuals encounter when intending to invest in Vietnam. Through this article Kim Huc take out the legal provisions about the ratio of capital ownership in businesses investors when investing in Vietnam. Under the provisions of Article 22 of the Investment Law 2014: Foreign investors may own unlimitedcharter capital in economic organizations, except for the following cases: Ownership of foreign investors at listed companies, public companies, securities trading organizations and securities investment funds in accordance with the law on ... -
Conditions for conducting non-life insurance business activities with foreign enterprises in Vietnam
Insurance business casualty in Vietnam are increasingly growing. Therefore, Vietnam is a potential market for the development of this industry. Foreign enterprises meet the legal conditions? The content below will help the process of implementing procedures, learn, apply for business licenses in Vietnam for business more advantageous. 1. Legal grounds for implementation - Insurance Business Law 2000 - Law amending and supplementing the Law on Insurance Business in 2010 - Decree No. 73/2016 / ND-CP enforcement insurance business - Circular No. 50/2017 / TT-BTC - Circular No. 194/2014 / TT-BTC 2. Foreign enterprises trading in non-life insurance VN should: a) Non-life insurance under the legislation VN. Article 3.18, Insurance Law 2000, as amended and supplemented in 2010 defined "non-life insurance ... -
The list of investment conditions for foreign investors
1. Publication the list of investment conditions for foreign investors - The provisions of Clause 1, Article 13 of the Government's Decree No. 118/2015 / ND-CP of November 12, 2015 guiding the Investment Law. The Ministry of Planning and Investment has announced the list of investment conditions for foreign investors on the National Information Portal on foreign investment. Website: https://dautunuocngoai.gov.vn - This list is a combination of conditional business lines for foreign investors in accordance with Vietnam's Schedule of Commitments in the World Trade Organization and other laws and ordinances. , decrees, international treaties on investment of Vietnam. - Accordingly, foreign investors are required to meet all investment conditions if they wish to implement investment projects on the list of investment ... -
CORPORATE INCOME TAX INCENTIVES FOR NEW INVESTMENT PROJECT IN VIETNAM
One issue investors pay much attention when operating projects in Vietnam is corporate income tax incentives which is considered as a tool for attracting foreign investment. If a foreign-owned company sets up a new investment project, that one must satisfy the following conditions to get the corporate income tax incentives: Regarding the company: - Observing accounting, invoice and documents regulations and register and pay tax as declared; - Separately accounting the income from the business entitled to corporate income tax incentives. Regarding the new investment project: - Project which is granted the first Investment Registration Certificate from January 1st 2014 and generate turnover from the date of issue of such certificate; - Domestic investment project associated with the establishment of new ... -
ESCROW FOR ASSURANCE OF PROJECT EXCUTION IN VIETNAM
In accordance with Article 330 the Civil Code 2015, escrow means “an act whereby an obligor places a sum of money, precious metals, gems or valuable papers into an escrow account at a credit institution to assure the performance of an obligation”. Escrow play its role in assuring that the obligor shall properly perform an obligation; otherwise, the oblige is entitled to require the credit institution which holds the escrow account of the obligor to make payment, compensate for damage (if any) as the obligor fails to perform or improperly perform an obligation. Escrow appears in several legal fields, one of which is investment. According to Article 42 the Law on Investment 2014, if investors execute an investment project using ...
