Enterprise & Investment
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Franchising – A Safe Business Trend
- 13 August 2024
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- by Vania Van
Well-known international brands like Starbucks, McDonald’s, and KFC, or domestic chains such as Coop Food, GS25, FPT, and Kinh Do, are present in the Vietnamese market thanks to franchising. In the 4.0 technology era, franchising is no longer unfamiliar. The ability to create stronger, faster, and more convenient commercial and financial networks has incentivized many more businesses to capitalize on the stable sources of revenue franchising can provide. It is also considered an extremely effective, safe,...

Common Barriers Encountered In Business Acquisition Transactions
- 07 August 2024
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- by Vania Van
In the growing climate of global economic integration, mergers and acquisitions (M&A) have seen a rise in frequency. M&As serve to create new development opportunities for businesses, expand scale, and enhance the competitiveness of enterprises in the market. The potential generated from mergers and acquisitions can be significant, offering improvements in time, human resources, and optimal strategic planning, attracting the participation of businesses when developing new strategies and plans. Although most M&A transactions can bring several...

Legal Risk Management: A Strong Foundation For Business Development
- 31 July 2024
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- by Vania Van
Legal Risk Management: A Strong Foundation For Business Development During a business’s operation and development, risk control is always a crucial consideration. Not just in business strategies, but also in managing legal risks. Unlike other types of risks, legal risks are long-scope considerations, with damages difficult to determine. This makes them hard to manage without proper guidance. Enterprises are allowed to trade in all types of goods and services not prohibited by law. However, all enterprises...

The Mechanism of Direct Electricity Trading Remains Unresolved
- 02 November 2023
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- by Thanh Nien Newspaper
The mechanism of direct electricity trading has faced a prolonged delay for over half a decade, and the 8th Power Development Plan, which has been pending for nearly half a year, is yet to be issued. This is concerning, given the continuous warnings about the risk of power shortages. A Delayed Mechanism for Over Half a Decade During a recent meeting regarding the mechanism of direct electricity trading between renewable energy power providers and large electricity...

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...

Financial Requirements for Real Estate Business in Vietnam
- 18 August 2021
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- by Corporate Counsels Team
In Vietnam, all land is collectively owned and is the property of all the people of Vietnam. Therefore, no individual or organization in Vietnam is permitted to ‘own’ land and there exists only ‘land use rights’ with respect to real property. Nevertheless, despite the fact that real estate is a highly regulated sector, the Vietnamese real property market has been an attractive and vigorous sector for investment in recent years. This executive brief aims to provide...

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...

MPI’s Proposal to Support Business During the Pandemic
- 15 August 2021
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- by Corporate Counsels Team
On August 7, 2021, the Ministry of Planning and Investment (MPI) gathered and developed report No. 5192/BC-BKHDT to address the growth situations of business in 2020 and the first half of 2021. Accordingly, the MPI has proposed the Prime Minister consider, assign relevant authorities to do research and implement short- and long-term solutions. The short-term solutions need to be implemented immediately for Covid-19 prevention and control urgency as well as business support. The long-term solutions aim...