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...
Continue ReadingLicensing 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...
Continue ReadingUnderstanding 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...
Continue ReadingCompany Merger Procedures in Vietnam: Detailed Guidance
In the current landscape of business development and expansion in Vietnam, company merger stands out as a significant strategy for enterprises seeking to enhance market strength, leverage economies of scale, and optimize resources. So, what are the most up-to-date regulations in Vietnamese law regarding company merger procedures as of today?...
Continue ReadingProcedures for Company Consolidation in Vietnam: A Detailed Guide and Legal Considerations
Navigating business development and restructuring often involves company consolidation, a powerful tool for creating stronger, more competitive organizations through synergy. DB Legal offers expert insight into the current Vietnamese legal framework governing company Consolidation. This article provides a detailed and comprehensive analysis of the relevant procedures.
Continue ReadingCompany Division in Vietnam: A Detailed Guide
In the course of business operations, corporate restructuring through company division can become a strategic necessity to optimize activities, focus on core areas, meet new legal requirements, or even pave the way for distinct business directions. So, what are the current regulations in Vietnam regarding the procedures for company division?...
Continue ReadingAcquisition of Assets/Real Estate from Target Company - M&A Vietnam
In the context of increasingly dynamic Mergers and Acquisitions (M&A) activities in Vietnam, the acquisition of assets, particularly real estate, from the target company has emerged as a popular transaction method. This approach offers numerous opportunities but also harbors considerable legal challenges. Join DB Legal as we delve into analyzing...
Continue Reading[2026 update] Establishing a foreign-invested hair salon or hair beauty business in Vietnam
Vietnam's dynamic beauty market is increasingly attracting foreign investors keen to establish hair salons or hair beauty businesses. Recognizing this growing interest, this article provides a comprehensive guide to the procedures for setting up a foreign-invested hair salon or hair beauty establishment in Vietnam, equipping investors with the essential legal...
Continue Reading[2026 update] Procedures for Establishing a Foreign-Invested Spa and Massage Company in Vietnam
Massage services are witnessing strong growth in Vietnam, accompanied by increasing demand from the local population. This creates an attractive market for investors, including foreign investors, wishing to establish a company providing massage services. However, for this business to operate legally and effectively, compliance with the legal conditions stipulated by...
Continue Reading[2026 Update] Procedures for the Establishment of a Foreign-Invested Hospital in Vietnam (CPC 9311)
Given the strong growth potential of Vietnam's healthcare industry, investing in the construction of foreign-invested hospitals presents numerous attractive opportunities. 1 However, the legal framework governing this sector requires a deep understanding and strict compliance. This article by DB Legal will clarify the concept of foreign-invested hospitals while analyzing...
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