Knowledge Center

Vietnam is currently one of the most attractive places in the world for foreign investment. With an investment-focused political climate, Vietnam is currently drawing entrepreneurs and large, established companies alike. One controversial method that investors employ to enter Vietnam is investment through a local nominee. In its simplest form, a common nominee structure consists of a foreign investor providing funds to a local nominee. The funded amount is then used by the local nominee to […]

New regulations affecting the financial service sectors covering the aviation business, insurance auxiliary services, prudential ratios in operation of banks, legal capital for credit institutions, anti-money laundering, and consumer lending by finance companies take effect. Read the full newsletter here.

With wind power gaining traction as an alternative source of energy amidst the climate change issues happening worldwide, Vietnam Economic News sought VILAF Hanoi Managing Partner, Dang Duong Anh and VILAF Lawyer Vaibhav Saxena to shed light on the amended wind power policies that took effect in November 2018 supporting the development of wind power projects in Vietnam. Read the full article or download the PDF version.

The State Bank of Vietnam’s (“SBV”) issuance of Circular No. 06/2019/TT-NHNN (“Circular 06”) on 26 June 2019, to take effect on the 6th of September 2019, ushers significant changes in the current regulatory framework governing foreign exchange in direct investment activities in Vietnam. Despite Vietnam’s continued efforts at improving the investment environment and streamlining the regulatory framework on foreign exchange over the past years, the implementation of Circular 19/2014/TT-NHNN dated 11 August 2014 (“Circular 19”) – the predecessor of Circular 06 – has presented certain challenges and difficulties to implementing entities and stakeholders alike, and it is precisely to address these challenges that Circular 06 was issued.

New Law Makes it Easier to Enter Vietnam and Stay Longer The National Assembly of Vietnam recently adopted the Law on Entry, Exit, Transit and Residence of Foreigners in Vietnam (“Immigration Law“) which took effect as from 1 January 2015. Accordingly, a number of noteworthy changes have been introduced in the Immigration Law as follows: New and Expanded Classes of Visas Visas are particularly classified via different categories in accordance with the relevant foreigner’s immigration […]