Which Form of Investment - Branch or Company?

Which Form of Investment - Branch or Company? Foreign entities can set-up branch offices or set-up company in Vietnam to carry out business activities.   There are several main different aspects between opening a branch office or establishing a foreign owned company in Vietnam. Conditions Permits for establishment of Vietnam-based branches of foreign enterprise shall each have a valid term of five years. Foreign enterprise must...

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Da Nang strengthens external relations, promotes investment attraction and international cooperation

On October 30th, 2020, representatives of Da Nang city received the delegation of the Ministry of Foreign Affairs to work, exchange and provide information on the coordination between the Ministry of Foreign Affairs and the city in the implementation of international cooperation program.   Law firm in Vietnam Despite being affected by the COVID-19 epidemic, Da Nang still strives to implement important investment promotion activities such...

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Da Nang cooperates with the Netherlands in the field of high-tech agriculture

On November 18, 2020, representatives of Da Nang city and experts, Dutch farming enterprises organize an online seminar “Promotion and cooperation of high-tech agriculture in Da Nang- Netherlands” to develop hi-tech agricultural cooperation relations between the two countries.   The Netherlands is a country with developed agriculture and high technology application in Europe and is also a country that is known to apply technologies to cope...

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Apply the Safeguard Measures on DAP and MAP fertilizer

Apply the Safeguard Measures on DAP and MAP fertilizerDAP and MAP is complex inorganic fertilizers, with main component of nitrogen and phosphorus,  whose function of lining, dressing crops and production of NPK fertilizer. On March 31st, 2017, Ministry of Industry and Trade (MOIT) received Dossier requesting to apply the safeguard measures on DAP and MAP fertilizer. Requesting Party is DAP Vinachem Joint Stock Company and DAP No 2 -Vinachem Joint...

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Why do we have to undertake background check before recruitment

 Why do we have to undertake background check before recruitment Recruitment is the process of screening and recruiting qualified people to meet a job in an organization in general and in particular business. Recruitment plays a very important role in business development. Effective recruitment will provide businesses with a team of skilled, active, creative employees and provide human resources in accordance with the business performance of...

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What are Conditions for Cancellation of Contract?

 What are Conditions for Cancellation of Contract? When entering into a contract, the parties in a contractual relationship always aim for certain interests and purposes. However, in reality, the contract is not always implemented seriously and in good faith. According to Vietnam laws, parties are entitled to cancel the contract to protect rights and interests. Therefore, it is not rare for a party to request to cancel the contract in order...

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Benefits of Investors in Setting up a Business in Da Nang

 Benefits of Investors in Setting up a Business in Da Nang Da Nang is one of the five major cities in Vietnam, having a geographical location that is particularly conducive to rapid and sustainable economic development. Da Nang has important transportation routes such as the China-ASEAN international railway crossings, seaports and international airports. Da Nang is one of the tourist centers of the country, has rich tourism potential including...

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Vision to develop logistics services in Da Nang

 Vision to develop logistics services in Da Nang Da Nang, with its favorable geographical location, lies on the arterial North-South traffic axis in terms of road, rail, sea and air, is an important traffic gateway of the Central – Central Highlands and is the end point on the East-West Economic Corridor running through Vietnam – Laos – Myanmar – Thailand, converging types of transport from air, seaport, railway, expressway, especially with...

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Forms of Investment in Vietnam

 Forms of Investment in Vietnam Foreign investors when setting up business in Vietnam need to be advised by a law firm in Vietnam on forms of investment. According to the Vietnam Law on Investment (2005), foreign investors in Vietnam through direct investment and indirect investment. The direct investment is when the investor invests its invested capital and participates in the management of the investment activities, includes: -To establish...

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