Da Nang organizes the 9th urban development forum in the city of Yokohama, Japan

On September 9th, 2019, Danang organized the 9th urban development forum of the city in Yokohama, Japan.  The forum was organized in 03 days from 09-11 September 2019. In this forum, the two cities reassessed the cooperation results over the past time, namely the implementation of the Memorandum of Understanding was signed between the two cities (in April 2019). In the coming time, the cities will focus on developing public transport,...

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Danang organizes roundtable discussion investment cooperation with Canada

On August 28, 2019, in the Toronto city, Canada, Chairman of Danang People’s Committee chaired a roundtable talk about Canada-Danang investment cooperation. At the conference, the Chairman of Danang City People’s Committee introduced the investment and business environment, as well as exchanging cooperation and investment opportunities to investors in Canada. The city also expressed its desire to attract investment in high technology, information...

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Legal Validity of Criminal Records Card in Vietnam

Criminal record or judicial record is a record of criminal convictions of convicted persons with criminal judgments and decisions of courts which have taken legal effect, judgment execution status and ban on individuals to hold positions or setting up company in Vietnam, or managing enterprises and cooperatives in Vietnam in cases where enterprises or cooperatives are declared bankrupt by Courts. The competent state authority will grant...

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Da Nang – Japan Signed a Memorandum of Establishing Cooperative Relations between Da Nang city and Kisararu city

On July 26th, 2019, representatives of Da Nang City People’s Committee and representatives of Kisararu city, Japan signed a Memorandum of establishing cooperative relations between the two cities, to promote business and investment in Vietnam. The content of the Memorandum include the discussion of the experience and cooperation in the investment attraction of the two cities. In addition, the parties committed to create the most favorable...

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Da Nang and Austria cooperate to develop tourism and investment

In July 2019, the delegation of Danang city attended the Introduction and Promotion Program in Danang in Vienna, Austria. The delegation of Danang Promotion Agency discussed the development of tourism with Graz city (Austria) of the two cities and investment into Vietnam. The representative of Vietnam emphasizes that Danang is one of the most attractive tourist destinations in Vietnam and invited Austrian travel companies to set up travel...

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The Note of New Provisions of Law on Planning Decree No.37/2019/ND-CP

The Law on Planning 2017 has been effective from January 01st, 2019. On May 07th, 2019, the Decree no. 37/2019/ND-CP details some articles of Law on planning is effective. This Decree details some articles of Law on Planning including the Article 15,17,19,24,25,26,27,30,40,41 and 49 of Law on Planning. This Decree applies to organizations and individuals involved in the formulation, appraisal, decision or approval, announcement, implementation,...

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The Valid Transfer Date of Member or Shareholder Rights of Buyer Arising from M&A

The specific time for transferring ownership right of asset is very important in all contracts. This time affects the lawful rights and obligations of not only seller, purchaser but also of the third party. The most-important principal of civil law is the recognition and respect of agreement between the related parties. It means that the parties may freely decide the specific time for transferring ownership rights. Nonetheless, in some special...

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Danang Attracts Investment in Tourism-related Services

Danang City always fulfills its goal of developing into a tourist city, so tourism support activities are always prioritized for development. With the above advantages, Danang is the destination of many domestic and foreign investors to develop hospitality real estate, tourist services and tourism-related services i.e. retail of food and beverage… Real estate lawyers inDa Nang In 2018, Da Nang received over 7.6 million domestic and...

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Officially Issuing the Schedule of Tariff Concessions for Import and Export to Implement CPTPP Agreement

On June 26th, 2019, the Government issued Decree No. 57/2019/ND-CP on Preferential tariff for export, Special preferential tariff for import to implement CPTPP Agreement from 2019 to 2022. CPTPP has come into force as of January 14th, 2019, however, the Decree 57 is the official legislation incorporating CPTPP’s commitment into national laws. Ship Sales Document inVietnam Tariff concessions applying to each country In addition to...

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Investment Capital Account of Foreign Investors in Vietnam

According to Vietnam laws, any transaction relating to direct or indirect investment operation of foreigner must be implemented by an investment capital account opened in a licensed bank which is commercial bank or branch of foreign bank permitted to trade and supply foreign exchange service according to legal provisions. It is imperative that, the foreign exchange control in Vietnam is strictly regulated, it is suggested the investors whom...

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Draft and Review Contracts – A Lawyer’s View

In Vietnam, certain type of contract has to follow forms requested by laws as such client is recommended to seek help from professional contract lawyers in Vietnam to help draft or review. Contract is an agreement enforced by law In Vietnam, contract is a civil transaction which parties enter into voluntarily, each of whom intends to create, change, or terminate one or more rights or obligations between them according to Vietnam Civil...

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Renewal of License for the Establishment of Branches Office in Vietnam

How to extend branch license in Vietnam? The extension of the license for the establishment of a foreign trader’s branch in Vietnam shall be following the regulation of the commercial law and the relevant guiding decrees and circulars under Vietnam laws. Preparation of dossiers for extension of license for the establishment of branches includes: -Application for extension of license for the establishment of branches, made according...

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