Vietnam Business Law is a website managed by lawyers of Venture North Law Limited (VNLaw). Venture North Law Limited (VNLaw) is a Vietnamese commercial law firm. We won the Rising Law Firm of the Year Award at the Southeast Asia Law Awards for the years 2020 and 2021 held by The Legal 500. Very few Vietnamese law firms have achieved a similar regional recognition.
Decree 23/2015 issued in February 2015 now expressly allows a district legal department to certify or authenticate signatories to a contract. A certification of signatories to a contract serves as evidence that parties to the contract has signed the contract voluntarily and have legal capacity to do so. Decree 23/2015 could potentially provide more options to authenticate contracts entered into in Vietnam.
Under Enterprise Law 2014, a foreign investor wanted to set up a company in Vietnam is required to obtain an Investment Registration Certificate (IRC) regarding the foreign investor first. Under Investment Law 2014, an IRC is a document recording the information about the investment project that the investor registers with the licensing authority. However, as there is no clear definition of an investment project, there may be various “kinds” of ICs that may be available to a foreign investor.
The following is a list of licences, registrations, consents or reports under the current labour regulations that an employer may need to comply with. The list (38 licences in total) is compiled by Tran Thanh Tra (Associate) and Ha Kieu Anh (Intern) of VILAF.
Decree 15/2015 on private public partnership (PPP) investment was issued in February 2015 and will take effect from April 2015. Decree 15/2015 will replace the current regulations on, among other things, BOT and BT investment (Decree 108/2009) and the ad-hoc regulations on PPP investment (Decision 71/2010). The following are salient points of Decree 15/2015: