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Vietnam company Law

In recent years, Vietnam's corporation law has expanded significantly. Limited liability corporations (LLCs) can now be formed easily by foreign investors. What are the types of companies in Vietnam? A corporation in Vietnam is the same as one in many other nations. It is incorporated as a company with its own name, property, a head office, and is legally registered in order to conduct business. Companies whose shareholders' liability is restricted to their contribution are typically preferred by foreign investors. The majority of sectors do not have a required minimum capital investment. This means you may tailor your initial investment to your...

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Going So Far As To Ban Tax Debtors From Exiting Vietnam

GV Lawyers would like to present an article by Ms. Pham Thi Hien, entitled: "Going So Far As To Ban Tax Debtors From Exiting Vietnam" published in Saigon Times on June 20, 2019, Issue No. 25.2019 (1.488). *** In recent times, many individuals carrying out exit procedures at the airport have unexpectedly been banned from exiting Vietnam because they owe taxes. Banning individuals owing taxes or related to tax debt from exiting Vietnam is not a fresh issue, but in fact this has been jointly implemented by tax authorities and immigration authorities for many years. However, with more and more cases of exit bans...

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Major Deal | National Housing Organisation JSC (N.H.O JSC)

GV Lawyers acted as sole legal advisor for the seller is National Housing Organisation JSC (N.H.O JSC) in an M&A real estate located at Phu Do Ward, Nam Tu Liem District, Hanoi. In this M&A deal, we played quintessential role in efficiently assisting the seller in setting up the deal structure, deal financial matters and drafting - negotiating for sale and purchase shares agreement and the relevant transactional documents. The deal closed in June 2020. ...

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4 Procedures of consulting and drafting contracts

Basically, the procedure of consulting and drafting contracts shall be as follows: Firstly, receiving information and requests of the client. Accordingly, not only for services of consulting and drafting contracts, the receipt of information and requests of the client is considered as the first step for information exchange between Lawyers and the client. The receipt of information is an important sub-step for Lawyers to have an overview of the case as well as clearly understanding the client’s requests to provide appropriate legal services. If this process of receiving information and requests is not clear, there will be causes resulting in the consequences of providing wrong legal services...

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Long-term exclusive life insurance agency agreement between Dai-ichi Life Vietnam and Mai Linh Group

GV Lawyers acted as sole legal advisor for the exclusive cooperation between Dai-ichi Life Insurance Vietnam Co. Ltd (Dai-ichi Life Vietnam) and Mai Linh Group Corporation (Mai Linh Group) to develop an exclusive network in promoting the life insurance for 15 years. By having cooperation between the qualified life insurance products of Dai-ichi Life Vietnam and the extensive market network of Mai Linh Group, the targeted business collaboration aims to effectively boost the distribution of life insurances to reach all provinces and cities across Vietnam as well as contribute to the development of both illustrious companies in Vietnam. Accordingly, we advised...

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Legal inquiry into acts of “cancelling” rice reserve contracts

GV Lawyers would like to introduce you an article of Mr. Luong Van Ly with the title “Legal inquiry into acts of “cancelling” rice reserve contracts” published in the column Legal Perspectives - Saigon Times Online dated April 22, 2020. *** (Saigon Times Online) - As one of the key commodities domestically consumed and exported to the world market, the rice commodity has recently faced a series of market fluctuations under the influence of Covid-19. The toughest obstacle occurred when the rice industry encountered two unexpected events, namely the export of rice having troubles with customs clearance and the cancellation of contracts...

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Legal Newsletter Issue No.06| June 2020

Dear Valued Customers and Partners, As usual, GV Lawyers is pleased to introduce you Legal Newsletter Issue No. 06, June 2020, including the following principal contents: To begin with the Newsletter, we would like to review some remarkable legal information with the following contents: Income Portions Exempted From Personal Income Tax From 01 July 2020; Some novelties on unemployment allowance entitlement under Decree 61/2020/ND-CP Regulations On Compulsory Social Insurance Premium Payment Rates To The Occupational Accident And Disease Insurance Fund Regulation On The Applicable Time Of Submitting Certificates Of Origin For Imports During   In this issue of Legal Newsletter No.6, we would like...

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Major Deal

GV Lawyers acted as sole Vietnam legal advisor for the seller in a sale of its full stake for an undisclosed sum in a Singaporean architectural structure design company, the buyer is Tokyu Construction Corporation (TYO 1720:JP) and this is the first overseas takeover deal of Tokyu. This is a complex transaction which involved various jurisdictions including Vietnam, Singapore and Australia. GV Lawyers played the essential role in efficiently assisting the seller in setting up the deal structure, drafting - negotiating for sale and purchase shares agreement and the relevant transactional documents. https://www.indoeng.com/tokyu-accquires-indochine Our team included Ngo Thi Diem, Tran Minh...

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Will customers lose all tens of millions of dong spent on gym and spa cards if WeFit goes bankrupt?

Lawyer Tran Thanh Tung of Global Vietnam Lawyers (GV Lawyers) shared some opinions from the legal perspective by analyzing and answering as to whether customers can get a refund after buying fitness cards from Wefit. What specific benefits its customers can receive when WeFit goes bankrupt is presented in the article with the title ‘Will customers lose all tens of millions of dong spending on gym and spa cards if WeFit goes bankrupt?’ posted on cafe.vn on May 13, 2020. After WeFit declares bankruptcy, many customers who spent tens of millions on gym and yoga cards contact this business but its...

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TTC Green Energy Investment Joint Stock Company

Our lawyers have acted as legal advisors for a seller which is shareholder of TTC Green Energy Investment Joint Stock Company (“TTC Energy”), the investor of TTCIZ No. 01 solar power plant located at An Hoi hamlet, An Hoa ward, Trang Bang district, Tay Ninh province, with the capacity of 48 MW, in its transfer of 49% of shares in TTC Energy with a purchaser is Gulf Energy Development Public Company Limited (Thailand). In this acquisition deals, we played quintessential role in efficiently assisting the seller in negotiating with the purchaser and their lawyer teams in Thailand and Vietnam in...

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