Knowledge Center

Eight years after the lapse of the phase-in schedule for its relevant WTO commitment, Vietnam for the first time is setting forth a legal framework for foreign invested enterprises (“FIEs”) to trade in drugs and drug ingredients to fulfill its WTO Commitments. With the long-awaited new Pharmaceutical Law taking effect this January 2017 and the draft of the decree implementing the Pharmaceutical Law (“Draft Decree”) being finalized for issuance, pharmaceutical FIEs appear to be able […]

LexisNexis® Company Law Guide 2017-2018 Partner Dang Duong Anh and Associate Mai Chi discuss the current situation of foreign companies doing business in Vietnam. Proceed to page 85.

Newsletter Spring 2016: Foreign Ownership Restrictions Lifted for Airports and Finance Companies In This Issue: Vietnam permits private and foreign investments in airports; Foreign ownership cap on limited liability finance companies is lifted; New Civil Code will take effect January 2017; New Penal Code removes “illegal conduct of business” but may subject corporate entities to new types of offenses; Legal framework for offshore trade of securities is introduced; Securities trading rules become more flexible.

Newsletter Autumn 2016: Roadmap for Liberalization of Cross-border Capital Transactions In This Issue: 1. State bank issued multiple new foreign exchange regulations on cross-border capital transactions and trade transactions; 2. Prime Minister approved the principles for developing a roadmap for liberalization of cross-border capital transactions; and 3. Ministry of Finance clarifies sectors eligible for CIT incentives and those eligible for import tax incentives.

Vietnam has long struggled to attract foreign investment into its power and infrastructure sectors. The Government hopes that a major overhaul of its investment policies will provide much needed stimulus. On 14 February 2015, the Government issued Decree 15/2015/ND-CP on Investment in the Form of Public Private Partnership (“Decree 15”) for investment in infrastructure and public services sector, which took effect as from 10 April 2015. Decree 15 seeks to combine the 5-year old pilot […]