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 76/2015 has just been issued to implement the Law on Real Estate Business 2014 and will take effect from 1 November 2015. The main body of Decree 76/2015 only has 15 pages and 16 articles which seems to address only a few areas of the Law on Real Estate Business 2014. In particular,
It is not clear if a foreign investor may set up a 100% foreign owned company in veterinary services. This is because:
Under Article 23 of the Investment Law 2014, economic organisation with foreign investment capital (including 51% Top-Level Foreign EOs And 51% Low-Level Foreign EO/ Domestic) (collectively, “Foreign-Controlled Companies”), except for investment in securities, credit institutions, insurance business and oil and gas will be subject to the investment procedures and conditions applicable to foreign investors when(i) setting up a new enterprise; (ii) acquiring shares in existing private enterprises and (iii) entering into a Business Operation Contract.
From 1 October 2015, foreign investors investing public companies and listed securities in Vietnam will be subject to a Circular 123/2015 issued in August 2015 replacing Circular 213/2012. The following are some key points of Circular 123/2015: