Corporate Governance & Compliance
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Legal Risks In Business: What You Need To Know
- 22 August 2024
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- by Vania Van
Business operate in an environment inherently fraught with numerous risks, ranging from market risks, policy changes, legal issues, financial instability, human resources, and more. Among these are legal risks which are not uncommon and often leave severe and debilitating consequences. Some businesses inadvertently or deliberately violate the law due to a lack of legal knowledge. While others, despite having a team of experts or regular legal advisors, will still encounter risks during their operations. While legal...
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.
Corporate Governance: Principles, Practices, and Benefits for Businesses
- 17 August 2023
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- by Le&Tran Team
Corporate governance is a fundamental concept in the world of business and management, encompassing the structures, processes, and practices that guide and control corporations. It provides a framework for ensuring transparency, accountability, and fairness in the decision-making process. It also safeguards the interests of various stakeholders, such as shareholders, employees, customers, and the wider community. Effective corporate governance is crucial for promoting long-term sustainability, fostering investor confidence, and enhancing the overall reputation and success of a...
Shying Away From Shareholders’ Engagement Will Eventually Cost You
- 29 November 2022
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- by Stephen Le
Are you conflict avoidant? When board members meet with shareholders, they are likely to get questions designed to expose vulnerabilities—operational, financial, and competitive. So the natural response to this “intrusion” is to minimize interaction. But the secret that companies are discovering is that meaningful engagement with minority shareholders is actually bringing across tangible benefits and rewards. We share more tips and insights in the PDF below:
Commercial Business Management Authorities
- 01 March 2022
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- by Vu Nguyen
In the age of integrated growth, commercial activities play a vital part in developing Vietnam’s economy. In conjunction with economic development, the business and trade management authority aids in the establishment of work that is sustainable, transparent, and competitive. This article will give a general overview of Vietnam’s commercial business management authorities system. Ministries and Ministerial-level Authorities These authorities primarily deal with macro-level issues by releasing guidance documents and allocating management duties to lower-level authorities. In...
Overview of Legal Documents System in Vietnam
- 07 February 2022
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- by Corporate Counsels Team
Legal normative documents are documents containing legal norms, promulgated in accordance with the competence, form, order and procedures specified in the Law on Promulgation of Legal Documents. Legal norms are general rules of conduct with commonly binding force, which are repeatedly applied to agencies, organizations and individuals nationwide or within a certain administrative unit, promulgated by the State agency or competent person defined in the Law on the Promulgation of Legal Documents, whose implementation is guaranteed...
Ho Chi Minh City Eases Social Distancing in “New Normal” Starting From September 30, 2021
- 04 October 2021
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- by Corporate Counsels Team
On September 30, 2021, the People’s Committee of Ho Chi Minh City announced plans to recover and develop the economy after a long period of paralysis due to the consequences of the Covid-19 pandemic. Accordingly, Directive No. 18/CT-UBND (the Directive) was issued at the same date to gradually lift social distancing corresponding to the circumstances relating to Covid-19 and the safety assessment results of the Ministry of Health. The Directive has been applied from 6pm September...
Covid-19 Update: Operation Criteria for Businesses in the New-normal Period
- 22 September 2021
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- by Corporate Counsels Team
On September 15, 2021, the Head of Ho Chi Minh City’s Steering Committee for Covid-19 Prevention and Control issued Decision 3328/QD-BCD (Decision) on the Set of Criteria for the prevention and control of Covid-19 at the workplace in Ho Chi Minh city (Set of Criteria). This Set of Criteria sets out standards and conditions for businesses to self-assess and implement to reopen after a long period of the Covid-19 shutdown. Groups of businesses subject to this...
Ho Chi Minh City Extends Lockdown till September End and Pilots COVID Green Cards
- 17 September 2021
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- by Corporate Counsels Team
According to the latest update on September 15, 2021, the Ho Chi Minh City People’s Committee has issued Official Letter No. 3072/UBND-VX to direct pandemic prevention measures as well as implement a roadmap to return to a new normal state in the upcoming months. Accordingly, Ho Chi Minh City extends lockdown till the end of September 30, 2021 to thoroughly control the pandemic, QR-based COVID Green Cards are to be piloted in some ‘green areas’ and...
Ho Chi Minh City Plans for the ‘New Normal’ after September 15, 2021
- 12 September 2021
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- by Corporate Counsels Team
Up to October 9, 2021, Vietnam has approved the Hayat-Vax vaccine for emergency use, besides AstraZeneca, Sputnik V (Gam-Covid-Vac), Vero Cell (Sinopharm), Pfizer/BioNTech (Comirnaty), Moderna (Spikevax), and Janssen. At the moment, the Government is still facilitating the vaccination campaigns for people to get the first Covid-19 vaccine shot and continue the second shot in time. With the severe impact of the fourth Covid-19 wave, the People’s Committee of Ho Chi Minh City applied the lockdown regulation...
Allowable Methods of Employment Termination
- 17 August 2021
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- by Trang Le
Vietnamese labor legislation is generally considered to be ‘pro-employee’. As such, it is imperative that companies prepare and devise a termination plan in compliance with the laws to avoid any potential disputes at Court. This plan should be prepared and standardized prior to the termination of the employment relationship. This executive brief is to provide corporate leaders with an overview of the acceptable methods of employment termination to assist in finding optimal solutions that match the...
Ho Chi Minh City to Extend Lockdown for further One Month, till September 15, 2021
- 16 August 2021
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- by Corporate Counsels Team
With the severe impact of the fourth Covid-19 wave, on August 15, 2021, the People’s Committee of Ho Chi Minh City issued Official Letter No. 2718/UBND-VX to extend the lockdown period till the end of September 15, 2021. Consequently, Ho Chi Minh City will continue the social distancing regulations in accordance with Directive 16/CT-TTg of the Prime Minister. Notable regulations applied for this one-month period are provided as follows. Specific schedule for people’s movements during the...
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