Business Law
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Closing a Business in Vietnam: Legal Steps and Common Pitfalls
- 04 October 2025
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- by Katherine Tran
Closing a business in Vietnam involves far more than simply ceasing operations. Whether you’re a foreign investor exiting the market or a local entrepreneur winding down due to financial challenges, the process of dissolving a company in Vietnam is governed by strict legal and tax regulations. Failing to follow the correct steps can lead to unpaid taxes, outstanding labor liabilities, and unresolved debts that may follow you even after the company ceases to function. Moreover, an...
Branch or Business Location? Choosing the Right Structure for Your Operations in Vietnam
- 01 July 2025
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- by Katherine Tran
Expanding into Vietnam presents exciting opportunities for both domestic and foreign businesses. One of the first structural decisions companies face is whether to establish a branch or a business location. While both serve as extensions of the parent company, they differ significantly in legal authority, operational flexibility, and compliance obligations. This guide provides a practical comparison between the two options under Vietnamese law, including a side-by-side table and legal considerations to help you select the structure...
Protecting Business Interests Through Non-Compete Agreements
- 15 May 2025
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- by Hannah Huynh
How can businesses in Vietnam protect their trade secrets and client relationships when employees move on? Non-compete agreements are a valuable tool, but they must be carefully crafted to withstand legal scrutiny. Hannah Huynh breaks down: What non-compete agreements are designed to protect How Vietnamese law treats non-compete clauses Practical strategies to improve enforceability Common pitfalls businesses must avoid In Vietnam, protecting your competitive edge starts with a fair, balanced, and legally sound agreement.
Corporate Insolvency in Vietnam: Legal Framework and Business Implications
- 24 March 2025
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- by Stephen Le
Facing mounting debts and a struggling balance sheet can put any business on the brink of collapse and without a clear understanding of the legal landscape, companies risk worsening their financial exposure. In Vietnam, navigating corporate insolvency is not only a matter of compliance, but a critical factor in determining whether a company restructures or is forced into liquidation. This article provides essential insights into Vietnam’s insolvency laws, the formal steps involved in insolvency proceedings, and...
Decoding Crime In Vietnam: Key Legal Insights
- 12 December 2024
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- by Stephen Le
Curious about the pillars of Vietnam’s criminal justice system? In this guide, Lê Hoàng Chương (Stephen) unpacks the defining elements of the Penal Code, from the concept of crime to the burden of proof. Explore how statutes of limitations, presumption of innocence, and core principles are shaping a fair and globally aligned legal framework.
The Intersection of Corporate Misconduct and Regulatory Enforcement
- 23 September 2024
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- by Stephen Le
As regulatory bodies worldwide tighten their oversight, businesses are finding themselves under increasing scrutiny for corporate misconduct. Whether it’s addressing unethical financial practices or ensuring compliance with environmental regulations, the consequences of misconduct can be severe. For companies operating across multiple jurisdictions, navigating these varied legal landscapes requires a proactive approach, especially as global cooperation among regulators intensifies. This article offers an analysis of the latest trends in regulatory enforcement and provides actionable insights on how...
The Legal Fallout of Corporate Corruption and Bribery
- 23 September 2024
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- by Stephen Le
When corporate corruption and bribery come to light, the aftermath can be devastating. Businesses found culpable for engaging in or enabling such practices face not only financial penalties but also severe reputational damage and legal challenges that can disrupt operations for years. As regulators strengthen their enforcement actions, businesses are increasingly vulnerable to legal repercussions that extend far beyond simple fines. Understanding these risks and preparing for the legal fallout is essential for companies to safeguard...
Is Imitation Truly the Best Form of Flattery?
- 22 August 2024
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- by Stephen Le
Regrettably, we have noticed a growing trend of blatant imitation by some local firms in Vietnam, which undermines the authenticity of our brand and devalues our hard work. While imitation is a form of flattery, this is not the kind of flattery we are looking for. To our incredible clients and thriving legal community, we appreciate your continued trust and support as we uphold the highest standards in our work. Thank you for journeying with us.
Corporate Responsibilities For Processing Personal Data And Precautions
- 11 June 2024
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- by Stephen Le
Enterprises in the role of managers, collect, control, supervise, and process employees’ personal data to manage and enter. This means that the enterprise is not only performing the functions of the Personal Data Controller but also the Data Processor, deciding the means of data processing, and creating initiative and responsibility in the process of managing personal information. This also means forcing enterprises to comply, ensure transparency, fairness, and safety in the management of employees’ personal information,...
Case Study – Decision No. 11/2022/QD-PQTT: Cancellation of Arbitral Award in Sale & Purchase Dispute
- 10 April 2024
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- by Vania Van
Decision No. 11/2022/QD-PQTT Requesting Party: THB Limited Liability Company Related Party: GMA Company Regarding: Request for the annulment of an arbitral award in a contract dispute for sale and purchase Facts of the case: The GMA Company and the THB Limited Liability Company respectively entered into the following contracts: Sale and Purchase Contract No. THB/GMA/001 dated July 10, 2020, with a value of 219,000 USD (Contract No. 001), Sale and Purchase Contract No. THB/GMA/002 dated July...
Tax Evasion in Vietnam
- 08 December 2023
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- by Stephen Le
There is a relatively crude saying that death and taxes are the only two certainties in life. While most of us know that taxes are important, there is still a sizable percentage of people who evade their taxes, whether intentionally or otherwise. In this article, we talk about all things relating to Tax Evasion in Vietnam to help you stay on top of your tax obligations.
7 Unique Things About the Legal Profession
- 17 January 2023
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- by Stephen Le
What is it truly like to be a lawyer? We spill the beans on 7 things you may not know behind closed doors. We recognise every job carries with it its unique challenges. We are not complaining, just sharing the ins and outs of the job. Read more here: https://letranlaw.com/insights/legal-profession-behind-closed-door/
