Requirements for establishment of foreign-invested vocational colleges

This is the highlight of the Decree No. 15/2019/ND-CP elaborating on certain articles of and measures to implement the Law on Vocational Education. Pursuant to the Decree, application requirements for establishment of foreign-invested vocational colleges in Vietnam are specified in Article 9 in the Decree, including the specific regulations as follows: - Put forward proposals for establishment in line with the planning scheme...

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Incorporation of CPTPP Agreement Relating to Origin Rules into Vietnam Laws

The CPTPP Agreement took effect in Vietnam as of January 14th, 2019 including 11 founding countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Singapore, New Zealand, Peru and Vietnam. On January 22nd, 2019, the Vietnam Ministry of Industry and Trade issued Circular No. 03/2019/TT-BCT (Circular 03) regulating rules of origin of goods in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership...

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Requirements concerning submission of notarized or certified true copies of several administrative formalities are about to take effect

On January 30, 2019, the Government promulgated the Decree No. 11/2019/ND-CP (in force from March 15, 2019) amending Decrees prescribing administrative formalities regarding requirements for submission of notarized or certified true copies of documents under the management of the Ministry of Culture, Sports and Tourism. The Decree prescribes that persons implementing administrative procedures must submit certified true copies or must submit...

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M&A makes up majority of foreign capital inflows

HCMC - Some US$6 billion out of US$7.63 billion in foreign investment capital pledged to HCMC last year came from capital contributions, share acquisitions and purchases of stakes from domestic businesses. HCMC vice chairman Le Thanh Liem said at a conference in Binh Duong Province on February 14 that the pledged investment capital from foreign investors for HCMC last year picked up by 15.59% against the previous year. Of these, there were 1,060...

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Danang to call on investment in hi-tech, real estate after Tet

DANANG – The central coastal city of Danang plans to call for investment in 44 projects mostly in the fields of hi-tech and real estate after the Tet holiday, with each of them needing US$30,000 to US$400 million, according to a representative of the Danang Investment Promotion Agency. Half of the 44 projects are in the information-technology and hi-tech sectors and will be executed in Danang Hi-Tech Park. The city is seeking...

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Multimodal Transport Business Regulations in Vietnam

On October 16th, 2018, Vietnam Government issued Decree No. 144/2018/ND-CP amending, supplementing the decrees on multimodal transport. Under the law of Vietnam, multimodal transport (“MT”) is the transportation of goods performed with at least two different modes of transport under the multimodal transport contract from an original place to a place designated for delivery, the carrier is liable for the entire carriage. MT business includes: International...

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Foreign investment in Vietnam surges

HCMC - New foreign investment approvals in Vietnam during the year to January 20 reached US$1.9 billion, rocketing by 51.9% year-on-year, according to the latest report by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. As of January 20, up to 226 new projects obtained investment certificates, with total registered capital of some US$805 million, surging by 81.9% year-on-year. In addition, 72 foreign-invested...

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Vietnam needs to create an enabling environment for private players to drive the next wave of energy investments, the World Bank said. In the report titled "Maximizing Finance for Development in Vietnam’s energy sector" issued Monday, the bank called for a new approach to financing electricity and gas investments to fit the country’s changing macroeconomic and sectoral contexts. "Given the limited fiscal space (official developmental assistance...

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Meeting with Victor Schachter on Jan 18th, 2019 on Development of Mediation & ADR in Vietnam

On January 18th, 2019, ANT Lawyers’ representatives Mr. Tuan Nguyen, and Ms. Thuy Do received Mr. Victor Schachter – the Founder and the President of The Foundation for Sustainable Rule of Law Initiatives (FSRI) at ANT Office Building, A9 Xuan Phuong Garden, Tran Huu Duc Street, Nam Tu Liem District, Hanoi. FSRI is a non-governmental organization which provides training, education and counseling to a range of legal providers in developing...

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Lots of regulations on management of medical equipment are supplemented

This is the noticeable contents of the Decree No. 169/2018/ND-CP amending and supplementing the Decree No. 36/2016/ND-CP on management of medical equipment. The Decree provides supplements to a lot of regulations on management of medical equipment as follows: - All certificates of completion of training in classification of medical equipment which were granted before December 31, 2018 are valid for...

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Decision No. 33/QD-BCT of anti-dumping investigation for some products of aluminum, alloy or non-alloy originated from China (AD05).

On Jan 10th, 2019, Trade Remedies authority of Vietnam (Ministry of Industry and Trade) has promulgated Decision No. 33/QD-BCT on investigation into imposition of anti-dumping measures for some products of aluminum, alloy or non-alloy which are in bar, stick and shape form originated from China (Case number AD05). Summary of the case: The requesting party is four (04) shaped aluminum manufacturers representing...

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Important Matters on Intellectual Properties Rights Registration in Vietnam

In the process of development of global business, the growth of multinational corporations or business will help individuals and companies to bring their products to the world. In addition to bringing their products to customers, the protection of intellectual property rights for products created is extremely important and necessary. We would like to highlight important matters when registering for intellectual property rights protection in...

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Some Amendments to Business Registration As of October 10th, 2018 by Decree 108/2018/ND-CP

Decree 108/2018/ND-CP amending and supplementing a number of articles of Decree 78/2015/ND-CP effective from 10/10/2018, has stipulated new points of business registration. The new decree stipulates clearly some contents on procedures of business registration, especially not needing to seal on the business registration documents and clarifying the power of attorney for individuals to establish an enterprise without notarization or certification...

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Regulation on time limits for evaluation of online bid documents comes into effect

The Ministry of Planning and Investment has recently promulgated the Circular No. 05/2018/TT-BKHDT elaborating on preparation of reports on evaluation of bidding documents for procurements in which contractors are selected via the national bidding network system. The Circular prescribes the time limit for evaluation of bidding documents via the E-HSDT system as follows: - The maximum time limit is...

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Legal Regulations in Purchasing Real Estate in for Foreigners in Vietnam

Vietnam has become a better place for foreigners to visiting and staying. Many chose Vietnam as home and they come to Ho Chi Minh City, Ha Noi, Da Nang, Phu Quoc, Nha Trang… to buy real estates for living. Many foreigners consider seeking understanding and with the advisory of their real estate lawyers in Vietnam to purchase the property under their name for best interest protection. There are a number of foreigners seek to cooperate...

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Certain provisions of 2012 Labor Code will be amended

The Law on Amendments and Supplements to 37 Laws relating to planning and the XIVth National Assembly’s Resolution No. 72/2018/QH14 prescribes certain contents of the 2012 Labor Code which have been and will be amended or supplemented, including: - Delete the word “planning” in clause 2 of Article 235 on state management of labor. - Intend to amend and supplement Chapter XIII on trade unions with a view to giving permission for establishment of...

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