Asia Counsel Insights provide an overview of the key trending legal and business issues in Vietnam and how they may impact your business.
- 23 September: monthly employee reporting due.
- 30 September: monthly social insurance, health insurance and unemployment insurance payments due
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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