Vietnam Is About to Have Laws for Venture Capital Funds

Vietnam is planning to adopt a new law, which forms the basis for the establishment of venture capital funds in the country and calling for more money to invest in startup activities, which is being strongly encouraged. According to Deal Street Asia, Vietnam will target growth rate of 7% per year until 2020. The draft law on supporting small and medium enterprises, which is expected to be adopted in the 3rd parliamentary session, has a section...

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Hire Lawyers to Collect Debt

The collection of bad debt and late payment after sales are difficult and sensitive jobs. Therefore, the debt collectors should be well informed about the legal nature of the debt profile and they must have skills on debt recovery. Depending on the nature of each case and each specific dossier, the debt collectors can be able to make suitable plans to deal accordingly. So there will be a lot of methods and different solutions in the work of...

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Decision 3993/QD-BCT on Investigation to Apply Anti-Dumping Measure

On October 5th 2016, the Ministry of Industry and Trade issued Decision 3993/QD-BCT on the investigation to apply anti-dumping measure. Accordingly, an investigation will be conducted to apply anti-dumping measure against H-shaped steel products, with HS code: 7216.33.00, 7228.70.10 and 7228.70.90, imported into Vietnam from the People Republic of China (including Hong Kong). Investigation procedures are complying with the law on anti-dumping...

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Circular 11/2016/TT-BKH on EPC Bidding Documents

Application of EPC bidding document form. According to Circular 11/2016, EPC is applicable to complicated projects that have technical requirements, high technology and strictly comply with the synchronism, consistency from the design stage to the equipment supply stage, construction, training, technology transfer, warranty and long-term maintenance. EPC is not applicable in the cases that the bidding package are separated into separate bidding...

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Circular 140/2016/TT-BTC on Working License Fee on Holiday to Australia and New Zealand Citizens

On September 19th 2016, the Ministry of Finance issued Circular 140/2016/TT-BTC prescribing the rate, regime of collection and payment of license fee to work on holiday for New Zealand and Australia citizens. Accordingly, the license fee rate to work on holiday for New Zealand and Australia citizens is 600,000 VND/time/person, applicable for new issuance and 600,000 VND/time/person for reissue. The license fee shall be collected in Vietnam...

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Cases Are Rejected When Get Married with Foreign Element

The law of Vietnam prescribed quite detail about the marriage with foreign elements. The registration of marriage with foreign elements will be rejected in the following cases: – One or both parties are not old enough to get married under the laws of Vietnam – The foreign applicant is not old enough to get married under the laws of the country of which he/she is a citizen or permanent resident (for stateless persons) – The marriage between...

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