Can foreign people purchase and own the apartment in Vietnam?
(S&B Law) According to Vietnamese Law, these following individuals are allowed to purchase and own apartment in Vietnam:
1. Foreign individuals who make direct investment in Vietnam under the investment in Vietnam under the enterprises law, including domestic enterprises and foreign-invested enterprises;
2. Foreign individuals who have made contributions to Vietnam and are conferred orders or medals by the President of the Socialist Republic of Vietnam; foreign individuals who have made special contributions to Vietnam as decided by the Prime Minister;
MERRY CHRISTMAS AND HAPPY NEW YEAR 2012.
On this Christmas and new year 2012, S&B LAW would like to thank you for trusting and using our services up to now.
Wish you a peaceful Christmas, enjoying the sweet and warm moments with your beloveds, and starting a new peaceful year, gaining satisfactory successes.
Doing business in Vietnam
(S&BLaw) Under Vietnam Law on Investment, in case a foreign investor wishes to setup a foreign invested company (FIC), it requires an Investment Certificate from the licensing authority. Depending on the location of the FIC, the licensing authority may be the provincial People's Committee (for companies located outside industrial or export processing zones) or the provincial Industrial and Export Processing Zones Management Authority (for companies located in industrial or export processing zones).
Guidance on tax since doing business in Vietnam.
(S&BLaw) Under the Vietnam Law, following taxes may affect to the foreign invested company in Vietnam:
Corporate Income Tax which is levied on the taxable income of the FIC. Taxable income of the FIC to be calculated Corporate Income Tax shall be revenues generated in its course of production less reasonable expenses in the relevant fiscal year. Generally, the tax rate of the Corporate Income Tax is 25% of the taxable income.
Trademark in Vietnam.
1. Trademark search (Optional):
In order to verify the registrablity of your trademark in Vietnam before officially filing trademark application at National Office of Intellectual Property (NOIP), you should conduct a search of the trademark. The result will show whether or not your trademark is similar to trademark registered by other applicants for the same product/service. In addition, the result will also indicate that the launching of your product under your trademark/brand name into Vietnam market is legal or illegal by that time.
From within and without
Mr Phan Huu Thang, former Director of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) tells what is needed to attract more investment in manufacturing and industry
MPI has a plan to direct FDI flows into sectors such as high technology and support industries. Can this be easily done?
FDI comes from the private capital of foreign investors and under Vietnamese law they have the right to select the sector for and location of their investment. The direction for 2010 comes from the needs of our economy and the expectation that we will have balance among industries and sectors attracting FDI. Making this happen, however, is another thing altogether.
Draft decree tightens foreign worker management
Foreign workers staying in Vietnam for longer than three months will be denied visas or even forced to leave the country if they do not have work permit or if their permit is expired.
This is a new regulation stipulated in an amended draft decree on the management and recruitment of foreign workers in the country. The draft decree prepared by the Ministry of Labour, War Invalids and Social Affairs (MoLISA) will be submitted to the government and if it is approved it will come into effect as of July 1.
Vietnam lawmakers concerned about bullet train funding
The National Assembly Standing Committee expressed its concern about funds needed for a US$55.8 billion transnational bullet train project at a meeting on Saturday.
The project, submitted by the government, needs more than US$4 billion per year, of which $570 million will be drawn from the state budget, $2.4 billion from official development assistance (ODA), and the remainder from other sources.
Starbucks prepares to 'dominate the Dragon’
Eleven years after entering the Dragon, Starbucks is now intent on dominating it.
Howard Schultz, founder and chief executive of the global coffee retailer, is determined to make China Starbuck’s second largest market after the US, replacing Japan which currently holds that position.Mr Schultz – who returned to day-to-day running of the company two years ago – said that he wants to open “thousands of stores” across China.
Doing business in Vietnam
With inflation under control, cheap labour, sizable market and proximity, it presents investment opportunities
DOUBLE-DIGIT inflation that has been blunting Vietnam's low-cost competitive edge and scaring away investors is showing signs of receding.
At 6.9 per cent last year, the rise in general prices in Vietnam was still high by most Asian standards - but it was down from 23 per cent in 2008. And last year's inflation was Vietnam's lowest in six years.
WE ARE LISTED ON
COMMENTS ABOUT S&B LAW
Mr.Lam Khac Chien - Deputy-Director - Viettel Real Estate Company
Mr.Lewis Truong- Country Counsel- Legal & CN of IBM Vietnam
Mr. Akihito Asato-Chairman - Vietnam Ryukyu Cultural Technological Village Co., Ltd.
Mrs.Nguyen Bich Hanh - Sales Manager -Nippon Steel pipe Vietnam Co., LTD
S&B Law provided us with effective legal solutions covering ourlicensing, financing and intellectual property needs. Dynamic and enthousiastic, the S&B team govern their firm with professional international standards while remaining always up-to-date to the mostrecent laws and business practices in Vietnam. We appreciated that time-frames announced were respected, their valuable ideas and theirsense of business ethics.
Mr. Voltz Clement Romain Benedickt, Managing Director of Metiseko Vietnam Co., Ltd.
Your prompt response is very much appreciated! S&B Law has always committed to our queries professionally. I will submit your information to the Mgmt for decision into full business operation in Vietnam.
Mr. Nev Tong – HR & Admin Manager at Excelpoint Systems (Pte) Ltd
FARMER is our own brand with manufacturing facilities in China and Vietnam with HQ in Singapore which also serves as its marketing hub for the global distribution network. S & B Law has been handling business affairs in Vietnam to our level of expectation and to date is still being retained by us as our legal advisers. .
Mr. Peter Yik – Administrations – Mei Heong Yuen Food Ind P/L
Our Company, Stalheim Industries Sdn Bhd, has engaged the services of S&B Law - a law firm duly established and operating under the law of Vietnam -, in 2009 as legal consultant advising us in the establishment of one of our marketing company
Mr. Lim Foot Ling - General Manager Finance & Corporate -Stalheim Industries Sdn Bhd
Live SupportWHO'S ONLINE
Ha Noi Head - Office
Address: Suite 208, B Building, Sport Hotel, Hacinco Student Village,
Thanh Xuan Dist., Ha Noi, Vietnam
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Ho Chi Minh City Office
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