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Category: Law

Human Resources in Vietnam: Ultimate Guide 2024

the-shiv September 16, 2024

Vietnam’s human resources landscape is undergoing significant transformation as the country integrates more into the global economy. With rapid economic growth, companies are increasingly focused on strategic HR management to align with both local and international standards. With all of this in mind, this article looks at the key human resources related factors foreign firms should be aware of when operating in Vietnam.

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Vietnam Court releases impact assessment of 2014 Bankruptcy Law

the-shiv August 29, 2024

For context, it is not unusual for Vietnamese firms in financial distress to try and hold out for as long as possible offloading assets and leaving bills unpaid for months at a time–note that a firm in Vietnam is not considered insolvent until its debts are more than 90 days past due. This can be off-putting for foreign firms doing business in Vietnam with respect to working with local firms–it increases risks and subsequently costs.

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Amnesty proposed for corrupt officials in Vietnam

the-shiv June 2, 2024

This proposal comes amidst the ‘blazing furnace’ corruption crackdown, which has been blamed for a slowdown in project approvals. Officials, fearful of becoming subjects of corruption investigations, have often opted to avoid approving projects, leading to bottlenecks in a number of projects.

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Vietnam’s Land law 2024 for Foreign Investors

the-shiv May 22, 2024

Last year, a revised Law on Land passed Vietnam’s National Assembly. This revised law has the potential to have a huge impact on Vietnam’s land market and could speed up foreign-invested projects considerably. With this in mind, this cheat sheet runs through the key changes in the new Law on Land and how this might impact foreign firms doing business in Vietnam.

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Insolvency in Vietnam 2024: Unpacked

Mark Barnes April 23, 2024

In March of last year, faced with mounting losses and limited revenue, APAX English, a chain of English centres that were once all over Vietnam, took to offering its creditors household appliances in lieu of cash to cover its outstanding debts. This was after years of delayed or entirely missed

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🇻🇳 National Assembly to pass 9 new laws over the next 22 days

the-shiv October 23, 2023

Vietnam’s National Assembly is currently sitting and is expected to pass nine laws over the next 22 sitting days, The Investor is reporting.  Legislation to be passed: Amended Land Law; Amended Law on Real Estate Business; the  Amended Housing Law; the amended Law on Water Resources; the  Amended Law on

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