After being affected by the covid pandemic and global inflation, Vietnam's economy has begun to recover, especially in the food and beverage sector. With the strength of being a domestic and foreign tourist destination, the food service industry is an attractive industry code for foreign investment in the Vietnamese market....

Prescribing Statutory Pay Rate For Officials, Public Employees And Armed Forces

According to the Law on Investment (“LOI”), the list of restricted sectors details: 25 sectors where market access is not allowed; and 59 sectors where market access is conditional

Viet Nam is an attractive and safe investment destination in Asia. According to the Law on Investment (“LOI”), foreigners can invest in Vietnam under several forms of investment. The choice of investment vehicle depends on the elements such as the aim of investment in Viet Nam, the number of investors,...

The Ministry of Public Security is expected to propose to the National Assembly to include changes in visa and e-visa policies in a joint resolution of the National Assembly at the nearest session (May 2023). This is the basis for the Government to direct the implementation immediately to avoid missing...

A joint-stock company is a type of business in which foreign investors usually choose to establish a company in Vietnam. To understand deeply, we'd like to outline the elements of this form in this Article.

According to Article 74.1 of the Law on Enterprise, a single-member limited liability company (“SMLLC”) is an enterprise owned by a single organization or individual. The owner’s liability for the company’s debts and other liabilities shall equal the company’s charter capital. SMLLC must not issue shares, but the company may...

Government members unanimously approved the National Assembly to increase the duration of electronic visas (electronic visas) from no more than 30 days to no more than three months, valid for one time or more times;...

According to Article 4 of Decree No. 152/2020/NĐ-CP dated December 30, 2020 (“Decree 152”), the employer is responsible for determining the demand for using foreign labor in their company and reports the Demand to the Ministry of Labor – War Invalids and Social Affairs or the People’s Committee of the...

According to Article 7, Decree No. 152/ND-CP on foreigners working in VietNam and recruitment and management of Vietnamese workers working for foreign employers in Viet Nam (“Decree 152”), the foreign workers are in cases for work permit exemption as follows