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New Regulations on Foreign Investment Capital Accounts Under Circular No. 38/2026/TT-NHNN

New Regulations on Foreign Investment Capital Accounts Under Circular No. 38/2026/TT-NHNN

On July 31, 2026, the State Bank of Vietnam issued Circular No. 38/2026/TT-NHNN ("Circular 38") guiding foreign exchange management regarding foreign investment activities in Vietnam. Circular 38 officially takes effect from August 18, 2026, entirely replacing Circular No. 06/2019/TT-NHNN and amending/supplementing Circular No. 03/2025/TT-NHNN.

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Land Use Right Gift Contract – When Can It Be Cancelled?

Land Use Right Gift Contract  – When Can It Be Cancelled?

Gifting land use rights is one of the most common transfer methods in Vietnamese society, particularly among family members such as parents to children or grandparents to grandchildren

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Frequently Asked Questions Regarding Foreign Investment Capital Transfer in FDI Enterprises

Frequently Asked Questions Regarding Foreign Investment Capital Transfer in FDI Enterprises

During the pre-licensing stage of establishing a foreign-invested enterprise (FDI) in Vietnam, foreign investors often need to transfer funds from abroad to make security deposits for land/factory leasing or to cover initial legal expenses. However, whether direct fund transfers from abroad can be lawfully recognized as charter capital contributions after...

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How can foreign investors residing in Vietnam contribute capital?

How can foreign investors residing in Vietnam contribute capital?

Question: A foreign investor residing in Vietnam has a Vietnamese Dong (VND) payment account opened at a commercial bank and wishes to contribute capital to a domestic company. May I ask whether the foreign investor is permitted to transfer money directly from their VND payment account into the company's VND...

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Forging Documents to Borrow Money from Banks – What Are the Legal Liabilities?

Forging Documents to Borrow Money from Banks – What Are the Legal Liabilities?

In recent years, Vietnam's banking and financial market has developed rapidly with a wide variety of loan products, ranging from large-scale collateralized loans to fast consumer unsecured credit packages. However, accompanying this convenience is an increase in fraudulent acts aimed at profiting from credit services. Among these, the act of...

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Are foreign investors required to open a Direct Investment Capital Account (DICA) in Vietnam?

Are foreign investors required to open a Direct Investment Capital Account (DICA) in Vietnam?

When implementing an investment project in Vietnam, one of the primary concerns for many foreign investors is the obligation to open a Direct Investment Capital Account (DICA). In practice, not all foreign-invested enterprises are required to open this type of account. However, for entities falling under the scope of foreign...

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Regulations applicable to foreign investors engaging in dental clinic services

Regulations applicable to foreign investors engaging in dental clinic services

In the context of increasing demand for oral healthcare services and the growth of Vietnam’s healthcare service market, the dental clinic sector has become an attractive destination for foreign investors. However, this is a conditional business sector that is subject to simultaneous regulation by investment laws, laws on medical examination...

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Can People Residing Abroad Inherit Property in Vietnam?

Can People Residing Abroad Inherit Property in Vietnam?

In the context of deepening international integration and the growing trend of global mobility, the number of Vietnamese people living, working, and studying abroad, as well as overseas Vietnamese, is increasing significantly. Along with this trend comes a series of transnational legal relationships, among which the inheritance of property in...

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