M&A market in HCMC hits US$2.5 billion in Jan-May

Capital contribution and share purchases by foreign investors via mergers and acquisitions (M&As) in HCMC amounted to some US$2.5 billion during the year up to late May, 3.6 times higher than the value of foreign direct investments, according to the HCMC Department of Planning and Investment. Foreign investors conducted 1,130 M&A deals with local companies in the January-May period, said Le Thi Huynh Mai, deputy director of...

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What Are Permits for Importing Cyber Information Security Products? and How to Apply For Trading License in Civil Cryptographic Products and Services?

According to Article 48, Law on Cyber Information Security, the import licenses and permits required for Cyber information security products are regulated as following: To import cyber information security products on the Government-prescribed list of cyber information security products subject to import permit, an enterprise shall obtain a permit for import of cyber information security products from a competent state agency. Before importing...

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What Are Prohibited Acts Under the Law on Cyber Information Security?

The Law on Cyber Information Security has been promulgated in 2015. According to Article 7, Law on Cyber Information Security, prohibited acts are: 1. Blocking the transmission of information in cyberspace, or illegally intervening, accessing, harming, deleting, altering, copying or falsifying information in cyberspace. 2. Illegally affecting or obstructing the normal operation of information systems or the users’ accessibility to information...

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How Exemption for the Application of Trade Remedies Work in Vietnam?

Trade remedies measures, including anti-dumping measures, anti-subsidy measures and trade defense, are applied when conditions are satisfied that the act of damaging or threatening harm to the domestic production. However, the Ministry of Industry and Commerce has also issued separate regulations for some goods exempted from the application of trade remedies. The circular No. 06/2018/TT-BCT providing detailed regulations on trade remedies...

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Danang Administrative Procedure is Attracting the Foreign Direct Investment

Da Nang is one of the five municipalities of Vietnam, located in the central Vietnam. Danang has the international seaport and airport, with natural advantages, therefore many tourists and foreign investors choose Danang is the interest destination in Vietnam. Many people are coming to Da Nang to buy apartment, properties, and invest in Danang in services and production.  For foreign investors, to do business in Vietnam, they need to seek...

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Three Difficulties in Applying Temporary Residence Card in Da Nang

In recent years, more and more foreigners are coming to live, work, study or to reside in Da Nang, therefore, many foreigners apply for Temporary residence card (TRC) for more convenience in Vietnam. According to the regulation of Section 13, Article 3 of Law on Entry, Exit, Transit, and Residence of Foreigners in Vietnam, Temporary Residence Card (TRC)is a legal document issued by an immigration authority or a competent authority of the Ministry...

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How Vietnam Regulations on Intellectual Property Change to Integrate into Global Economy?

The intellectual property system of Vietnam has not matched up with international practice. To resolve the matters, Vietnam has been developing programs on development of intellectual property legal system to meet the intellectual property standards of the international treaties which Vietnam is a member to. Intellectual property rights have played an indispensable role in the process of forming a comprehensive economy and sustainable...

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Property sector lures over US$800 million in FDI in Jan-May

HCMC – The first five months of the year saw foreign direct investment (FDI) enterprises pouring a total of US$806.5 million into the real estate sector, making up 11.3% of all fresh FDI approvals, according to local media reports. The newly approved projects have total capital of US$623.3 million. Most investors were keen on the high-end property segment given multiple incentives. According to experts, foreign investors have a lot of experience...

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Conditional Business Lines Under Law on Investment in Vietnam

Law on amendment and supplement to Article 6 and Annex 4 on the list of conditional business lines stipulated in the Law on Investment has been ratified by the 14th national assembly of the Socialist Republic of Vietnam at the second meeting session dated November 22nd, 2016. Accordingly, pursuant to the constitution of the Socialist Republic of Vietnam, the National Assembly issues the list of conditional business lines stipulated in the Law...

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How Exploiting and Using Water Resources are Regulated in Vietnam

Water is an important resource of the country, all business activities, production and living all need water resources. Therefore, the exploitation and use of water resources are under the control of the Vietnam state authorities, to protect the resources, and avoid the waste that impact the environment. The Vietnamese legal system has a wide range of legal provisions on water resources, including the Law on Water Resources; Law on Environmental...

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