From 1 July 2020, new immigration laws have come into effect in Vietnam in relation to Visas and Temporary Resident Cards (“TRC”) for foreign individuals. As background, on 25 November 2019, The National Assembly of Vietnam approved Law 51/2019/QH14 (“New

International investors and entrepreneurs commonly undertake direct investments in existing companies in Vietnam, however, as with any investment, care needs to be taken. When assessing the value and risks of a potential acquisition target, there are proc

The Vietnamese Government formally released Resolution 954/2020/UBTVQH14 on 2 June 2020 to implement reductions in Personal Income Tax for Vietnamese taxpayers for the 2020 tax year, as part of the effort to stimulate the economy.

On November 20, 2019, the National Assembly adopted the Labour Code No. 45/2019/QH14 (“Labour Code 2019”). The Labour Code 2019 will come into effect on 1 January 2021.

The repatriation of profits through dividend payments is an important element to any foreign investment in Vietnam. The good news is that the process is not overly complicated, provided that the appropriate ongoing compliance procedures are undertaken by