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DOING BUSINESS IN VIETNAM

Dr. Oliver Massmann by Dr. Oliver Massmann
February 3, 2025
in Article
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Vietnam – Power Energy – Non-recourse Financing and Bankability – How to Achieve? – How to make use of CPTPP and EUVNFTA – BEST PRACTICE!
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DOING BUSINESS IN VIETNAM

Link: DR. OLIVER MASSMANN -DOING BUSINESS IN VIETNAM.ENG

CONTENTS

DOING BUSINESS IN VIETNAM.. 4

AN INTRODUCTION TO VIETNAM.. 4

–       Vietnam 101. 4

–       Useful information on regulatory authorities. 4

–       Business etiquette 101. 5

–       International instruments: the EVFTA, EVIPA and the CPTPP. 6

–       Small-sized and Medium-sized Enterprises (SMEs) in Vietnam.. 7

FOREIGN INVESTMENT IN VIETNAM.. 9

–       Investment procedures. 9

–       Conditional sectors in Vietnam.. 14

–       Applicable taxes for businesses. 14

INTELLECTUAL PROPERTY RIGHTS (IPR) IN VIETNAM.. 15

–       Protection of IPRs in Vietnam.. 15

–       IPRs’ enforcement 16

–       Support for IPRs for SMEs. 16

EXPORTING GOODS TO VIETNAM.. 17

–       Applicable tariff rates (including tariff rate quotas) and rules of origin for products. 17

–       Import control 17

–       Appicable technical requirements in general 22

–       Applicable taxes. 24

–       Applicable requirements for label of goods. 24

–       Trade remedy measures against imports in Vietnam.. 25

DISTRIBUTION OF GOODS IN VIETNAM.. 26

–       Applicable requirements. 26

–       Applicable restrictions. 26

–       Applicable procedures for a company to set up outlet/shop for imported products. 26

E-COMMERCE IN VIETNAM.. 29

–       Major platforms in Vietnam.. 29

–       Payments on e-commerce platforms. 29

–       Selling products. 29

–       Return policy. 30

EXPORTING SERVICES TO VIETNAM UNDER THE EVFTA. 31

–       Method of exporting services to Vietnam.. 31

–       Specific commitments under the EVFTA. 31

–       Applicable restrictions under the EVFTA. 31

EVFTA CHAPTER ON TRADE AND SUSTAINABLE DEVELOPMENT AND ITS IMPLICATIONS IN VIETNAM   34

–       Corporate Social Responsibility (CSR) 34

–       Implications on labor 34

–       Implications on obligations to protect the environment and mitigate climate change. 35

LABOR. 36

–      Normal working hours. 36

–      Maternity protection. 36

–      Annual leave. 36

–      Sick leave. 36

–      Insurance. 37

–      Foreign employees. 37

LITIGATIONS AND DISPUTES. 38

–       Important provisions to keep in mind. 38

–       Engaging a lawyer 39

 

 

 

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About Us

Dr. Oliver Massmann is an International Attorney at Law and a Financial Accountant and Auditor.

Dr. Massmann received his PhD with Major in International Business Law.

Dr. Massmann has over 20 years experience working as commercial lawyer in Vietnam. Dr. Massmann is fluent in Vietnamese language, negotiation and presentation level.

Contact

Dr. Oliver Massmann can be reached under [email protected]

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