Difference between Statutory Pay Rate (“SPR”) and Statutory Minimum Wage (“SMW”) in Vietnam
Many people misunderstand between the basic salary (Statutory Pay Rate) and the mandatory minimum wage (Statutory Minimum Wage) in Vietnam, this article helps readers better understand these concepts.
Continue ReadingStatutory Minimum Wages In Vietnam
List Of Subregions To Which Statutory Minimum Wages In Vietnam are applied from July 01, 2022 (Enclosed with the Government’s Decree No. 38/2022/ND-CP dated June 12, 2022)
Continue ReadingList Of Appellate Judgments On Intellectual Property Disputes In Viet Nam
List Of Appellate Judgments On Intellectual Property Disputes In Viet Nam (Updated To June 2023)
Continue ReadingHow to Suspend or Dissolve a FDI Enterprise in Vietnam
Business ventures do not always go as planned. Whether due to changing circumstances, external factors, or strategic decisions, there may come a time when you need to suspend or permanently close your company in Vietnam. Let’s explore the steps involved.
Continue ReadingHow To Set Up a Factory in Vietnam
Vietnam is coming to be a desirable location for foreign investors who are seeking the new location to set up a Factory in Asia. The reasons are that Vietnam has a stable political climate, a wealth of natural resources, and cheap and skilled labor
Continue ReadingHow To Set Up Retail Stores In Vietnam
According to the Law of Vietnam, retail stores means the place where retailing is conducted, such as convenience stores, mini supermarkets, and shopping malls. The foreign-invested companies need to obtain a business license and the retail outlet license before retailing goods in Viet Nam
Continue ReadingHow To Start A Restaurant In Vietnam
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....
Continue ReadingDecree 24/2023/ND-CP
Prescribing Statutory Pay Rate For Officials, Public Employees And Armed Forces
Continue ReadingList Of Restricted Sectors In Which Foreign Investment In Vietnam
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
Continue ReadingForms Of Investment in Vietnam
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,...
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