In order to motivate the recovery process of Vietnam’s tourism industry, and create favourable conditions for reopening international travel in the near future, the Government has enacted many documents on orientation for reopening of tourism, especially international tourism, in the “new normal” phase. In particular, on 15 March 2022, the Government promulgated Resolution No. 32/NQ-CP
Dear our valued Clients and Partners, We would like to announce that, Victory LLC has been officially renamed to DL & Partners (abbreviated: DLP). Other information such as our tax code, office location, telephone and fax numbers remain unchanged. In addition, as of 01 January 2022, our website www.victoryllc.com.vn shall cease from operation, and shall
I. DECISION NO. 28/2021/QD-TT Policies on aid for workers and employers affected by covid-19 from Unemployment insurance fund Decision No. 28/2021/QD-TTG (“Decision 28”) dated 01 October 2021 of the Government on policies on aid for workers and employers affected by Covid-19 from Unemployment insurance fund, takes effect as of 01 October 2021. These are some prominent
I. RESOLUTION NO. 68/NQ-CP The policies on supporting the enterprises facing difficulties due to the Covid-19 pandemic Resolution No. 68/NQ-CP (the “Resolution 68”) dated 01 July 2021 of the Government on detailing the supporting policies for employees and employers facing difficulties due to the Covid-19 pandemic, takes effect as of the issuance date. The following are the notable features of Resolution 68 regarding the supporting policies for enterprises: 1. Policy on reduction of insurance
I. LAW ON RESIDENCE 2020 Major amendments in household and temporary residence registration from 01 July 2021 Law on Residence No. 68/2020/QH14 (the “Law on Residence 2020”) passed by the National Assembly, dated 13 November 2020, takes effect as of 01 January 2021. One of the most prominent features of the Law on Residence 2020 is the regulation on replacing the manual method of residence management by household registration books, temporary residence books with electronic
I. DECREE NO. 47/2021/ND-CP Definition of contribution of capital, purchase of shares of other enterprises Decree No. 47/2021/ND-CP (“Decree 47”) dated 01 April 2021 providing guidances on several articles of the Law on Enterprises, takes effect as of 04 January 2021. Decree 47 specifies some features of the Law on Enterprises 2020 regarding the issues related to social enterprises, state-owned enterprises, groups of companies, defense and security
Dung Le & Tran Viet Dung A Shareholders’ Agreement (SHA) is an arrangement among shareholders that describes how a company should be operated and outlines shareholders’ rights and obligations. The Agreement also includes information on the management of the company and privileges and protection of shareholders.
I. DECREE NO. 135/2020/ND-CP Change in retirement age of employees as of 01/01/2021 Decree No. 135/2020/ND-CP (“Decree 135”) dated 18/11/2020 of the Government providing the regulations on retirement age under the Labour Code 2019, takes effect as of 01/01/2021. Under The Labour Code 2019, the retirement age of employees with normal working conditions is adjusted as follows: (i) reaching 62
As well as the Law on Enterprise, the Law on Investment is also an important legal foundation for business activities, helping to orient the investment activities of both domestic and foreign investors (“Investors“). The lately amended and passed Investment Law ensures not only the consistency and unification in the implementation of investment incentives and supportive policies, but also the sustainable national economic growth, harmonizes social and environmental
