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New Regulations on VND Accounts for Foreign Indirect Investment in Vietnam

New Regulations on VND Accounts for Foreign Indirect Investment in Vietnam

On April 29, 2025, the State Bank of Vietnam issued Circular No. 03/2025/TT-NHNN ("Circular 03"), which replaces Circular No. 05/2014/TT-NHNN ("Circular 05/2014"). Circular 03 provides updated regulations on the opening and use of Vietnam Dong ("VND") accounts—specifically Indirect Capital Accounts ("ICAs")—by foreign investors for conducting foreign indirect investment activities and...

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PROCEDURE FOR APPLYING FOR, RENEWING, AND RE-ISSUING WORK PERMITS

PROCEDURE FOR APPLYING FOR, RENEWING, AND RE-ISSUING WORK PERMITS

In the trend of globalization and deep integration, the demand for foreign labor in Vietnam is increasing, especially in fields requiring high expertise or specific characteristics. However, to ensure legality and compliance with state management regulations, all activities of recruiting and using foreign labor must be carried out in accordance...

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WORK PERMITS FOR FOREIGNERS IN VIETNAM 2025

WORK PERMITS FOR FOREIGNERS IN VIETNAM 2025

AN IN-DEPTH ANALYSIS OF LEGAL REGULATIONS AND PRACTICAL GUIDANCE UPDATED TO 2025

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CASES OF WORK PERMIT EXEMPTION AND CONFIRMATION PROCEDURES

CASES OF WORK PERMIT EXEMPTION AND CONFIRMATION PROCEDURES

In Vietnam, a work permit is a mandatory condition for foreign nationals to work legally. However, the prevailing law also stipulates certain cases that are exempt from the work permit requirement. A clear understanding of which cases are exempt and what procedures must be followed is essential, particularly as many...

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Judgment on Website Design Contract Dispute

Judgment on Website Design Contract Dispute

In the age of technology, as sales through e-commerce channels are booming, contracts for designing websites and mobile applications (apps) have become more prevalent than ever. However, this has been accompanied by an increase in disputes arising from these contracts. In this article, DB Legal will analyze a typical case...

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Synthesis of Appellate Judgments on Labor Disputes

Synthesis of Appellate Judgments on Labor Disputes

Collection of appellate judgments on labor disputes. These judgments are compiled for research and study purposes only. Any commercial reproduction is strictly prohibited.

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Licensing for Alcohol/Alcoholic Beverages in Vietnam

Licensing for Alcohol/Alcoholic Beverages in Vietnam

The alcoholic beverage business in Vietnam is rapidly expanding, not only in terms of domestic production but also with a growing participation from distribution and import enterprises. In this context, the State has enacted a strict legal framework to control alcohol-related activities, aiming to mitigate the harmful effects of alcoholic...

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Summary of Judgments on Sales Contract Disputes Involving Foreign Parties

Summary of Judgments on Sales Contract Disputes Involving Foreign Parties

A Compilation of Judgments on Disputes Concerning Contracts for the Sale of Goods where the Litigant is an Individual or Organization with an Address or Headquarters Abroad. This compilation of judgments is intended for research and academic purposes. Any reproduction for commercial purposes is strictly prohibited.

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Divorce in Vietnam: Trends, Legal Framework, and Resolution of Complex Disputes

Divorce in Vietnam: Trends, Legal Framework, and Resolution of Complex Disputes

The continuous socio-economic development has brought significant changes to traditional family values in Vietnam. International integration, rapid urbanization, work pressure, and shifts in awareness regarding individual freedom are contributing factors to the increasing trend of divorce rates. According to statistics from the Supreme People's Court, the period 2015–2023 recorded an...

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Understanding the WTO's Role in International Investment

Understanding the WTO's Role in International Investment

When considering international investment, the World Trade Organization (WTO) may not always be the first institution that springs to mind. This is understandable, as the WTO—unlike comprehensive Bilateral Investment Treaties (BITs) or modern Free Trade Agreements (FTAs) such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)—does not feature...

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