Asia Counsel Insights provide an overview of the key trending legal and business issues in Vietnam and how they may impact your business.

Key Dates

  • 23 September: monthly employee reporting due.
  • 30 September: monthly social insurance, health insurance and unemployment insurance payments due

Business
Amendments to investment and business laws

In early September, the Ministry of Planning and Investment published the draft Law amending a number of laws on investment and business for comment. Highlights of the draft Law are below.

  • Amendment to investment policies: For projects requiring an investment policy, the policy must be amended if there are changes to project objectives or location; increase of project scale by 10%; operational term; change of
    investors due to a transfer of the project when capital has yet been fully contributed and the project has not commenced operations; or change of project implementation conditions;
  • M&A approval: Acquisition of shares or capital contribution in a company operating in a conditional sector needs not be registered if the acquisition does not result in an increase of the foreign ownership ratio.

For more information, click Asia Counsel Insights 21 September 2016


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