Lien Chieu Port Project Attractive to Investors

With the attention of many investors, Lien Chieu port project promises to attract large capital to build and form a large-scale logistics port in the Central of Vietnam and also attractive foreign investors to invest in Vietnam. The Lien Chieu port project is being implemented by the Government and Da Nang City urged to speed up the implementation process. According...

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How Mediation and Labor Arbitration Councils Work in Settlement of Labor Disputes?

During and after the Covid-19 pandamic, the financial health of enterprises have been negatively impacted leading to management’s decision to reduce cost through termination of labour contract with employee. The illegal termination of labour contract could lead to disputes between employer and employee which sometime would cost the employer more than it gains. It is...

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In 6 Months, Da Nang Attracted Over 80 Million USD of FDI

In the first 6 months of 2020, Da Nang City has attracted over 13.2 trillion VND of domestic investment capital, more than 80.2 million USD of FDI in Danang. According to Department of Planning and Investment of Da Nang City, although affected by the Covid-19 pandemic, the situation of attracting investment in the city achieved positive results. Accordingly, in...

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Why Client Should Retain Real Estate Lawyers in Vietnam?

Benefits of retaining a Real Estate Lawyer in Vietnam Due to changes in law attracting foreigners to come to live, and invest in Vietnam, foreigners have growing interest in investment and acquiring real estate. However, as real estate is valuable assets, the law on real estate ownership and real estate transactions are complicated, especially for foreigners. Under...

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Wind Power: The Inevitable Trend of Sustainable Development

With the increasing demand for electricity, Vietnam is also gradually considering investing in renewable energy, including wind power as the key to addressing energy security, contributing to the realization of the country’s green development strategy. Energy is one of essential human needs and an indispensable input of economic activity. As the living standards of...

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Thai Giant Acquires Solar Power Project in Vietnam

Many foreign investors have chosen Vietnam as a destination to invest in solar power project in Vietnam. Together with the explosion of solar power projects, 2019 is considered to be the peak year of the ‘underground waves’ surrounding the race for additional licenses for solar power planning in all levels from central to local. The situation of license trading, project...

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How to distinguish a Limited Liability Company and a Joint Stock Company?

Vietnam Law allows the establishment of a company in Vietnam in various forms. It is an important step in investment process. Investors could choose different forms depending on the needs and capacity on the ability to raise capital and sharing the risk in business as well as the management and operating costs. Each form will have its own organizational structure,...

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Exxon Mobil Wants to Participate in Series of LNG Gas Power Projects in Vietnam

Exxon Mobil wants to invest in Vietnam, specifically invest in Vietnam energy sector. The chain of ports, depots and LNG gas plant in Hai Phong has a scale of 4,000 MW and in Long An has a scale of about 3,000 MW. In a conversation with Vietnam Prime Minister in June 2020, Global President of Exxon Mobil said that the Group wants to take advantage of opportunities...

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Ho Chi Minh City Attracted USD 1.92 Billion of FDI

Ho Chi Minh City is one of the major economic, political and cultural centers of Vietnam as it has many favorable conditions for development. That’s why many foreign investors chooose to set up company in Ho Chi Minh city. In the first 4 months of 2018, the total registered capital of new, increased, and contributed capital, purchase of shares of foreign investors...

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Risk Management Necessity in Vietnam?

As Vietnam further integrates into the world business, more investors are eyeing Vietnam for investment. As part of investment due diligence, risk management are always well considered before foreign investors decide to do business with Vietnam partners. In any parts of the world inluding Vietnam, risk is an inevitable factor in business operation activities; higher...

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Cooperation between Vietnam and Japan After the Covid Epidemic

On May 15, 2020, the Minister of Planning and Investment met Ambassador Mr. Yamada Takio (Japan) on the occasion of starting his working term in Vietnam. The parties spent time welcoming and sharing a number of problems that need to be resolved to promote investment activities between the two countries in the context of the Covid-19 epidemic, including promoting public...

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Da Nang Prioritizes Sustainable Energy Development

Da Nang City Party Committee promulgates the program of implementing Resolution No. 55-NQ/TW dated February 11, 2020 of the Politburo (Session XII) to guide Vietnam’s National Energy Development Strategy to the year 2030, vision to 2045. Accordingly, the Standing Committee of the City Party Committee agreed on the point of view and effective implementation of Resolution...

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