Vietnam attracts clean energy investment

On the morning of July 22nd, 2020, the High-Level Forum on National Energy Development 2020 took place at the same time many investment signing activities among leading energy enterprises in Vietnam, the region and in the world, open up a strong and sustainable period of clean energy development in Vietnam.   At the forum, the signed projects include: gas power plant project in Ca Na – Ninh Thuan province, LNG Chan May gas power plant project...

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Da Nang Hi-Tech Park – Investment Attraction in 2021

On February 5th, 2021, Da Nang High-Tech Park and Industrial Zones Authority granted the Investment Registration Certificate to a Japanese corporation to invest in the Research Center project, Development and Production with total investment capital of 35 million USD.   This is a project to carry out scientific research and technology development in the fields of science, engineering and technology for the next generation of robots, unmanned aircraft,...

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How Pilot Program Using Mobile Money for Payment is Regulated?

With the development of the information technology industry, there is a trend to simplify the process and procedures for making transactions making it becomes easier, faster and more convenient for users. Hence mobile money has become a new trend in transferring money, making payment in many countries.   Pilot Program Using Mobile Money for Payment in Vietnam To develop non-cash payments, increase access and use of financial services, especially...

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Signs of possible corporate frauds to notice and avoid

Vietnam has signed many Free Trade Agreements with many countries and regions around the world, which makes international economic exchange easier. However, the expansion of international trade also makes many businesses at risk when they encounter fraudulent customers in their business.   According to the Ministry of Industry and Trade, in 2020, the Trade and Embassy of Vietnam in the a number of countries continuously received invitations...

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What are Forms of Arbitration Agreement under Vietnam Laws

Under Article 16 of Vietnam Law on Commercial Arbitration, forms of arbitration agreement resolving disputes are in written form.  In particular: An arbitration agreement may be made in the form of an arbitral clause in a contract or in the form of a separate agreement.   Arbitration lawyers in Vietnam An arbitration agreement must be in writing. The following forms of agreement may also be regarded as written form: 1.Agreement made through...

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How to Distinguish between Deposit and Advance Payment

  In commercial transactions, it is very common for one party to give the other party an amount of money before the contract being performed. Should this amount be considered as deposit or advance payment?   Law firm in Vietnam Deposit is one of security measures for the performance of contract obligations. According to regulation of Civil Code 2015, deposit is an act whereby one party (hereinafter referred to as the depositor) gives...

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Receipt of Application for Anti-dumping Measures on Welding Materials From China, Thailand and Malaysia

On January 21th, 2021, Trade Remedies Authority of Vietnam (Investigating Authority) received Dossier from a company which is the representative of the domestic manufacturing (Requesting Party) requesting for the application of the anti-dumping measures on some types of welding materials originating from People’s Republic of China, Kingdom of Thailand and Malaysia. On February 01st, 2021, Investigating Authority confirmed that Dossier was complete,...

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Why should you need to research the partner before signing the contract?

It is important to find and work with a capable and long-term partner to build confidence doing business in a safely and effectively way for all parties, and avoid potential risks. In order to be guaranteed their legitimate rights and interests, individuals and organizations conducting business need to have a clear understanding of their partner before cooperating, in order to start their business cooperation most effectively.   In cooperation...

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Japanese Companies Invest in The Environmental Sector in Vietnam

With the partnership with Biwase, JFE Engineering hopes to gain more orders, including projects to expand Biwase’s existing plants and construct waste treatment plants.   JFE Engineering Japan has just spent 900 million yen (8.6 million USD) to invest in Vietnam. The Company purchase 3.87% stake in Binh Duong Water and Environment Joint Stock Company (Biwase). This is one of the steps of JFE Engineering to tap into the demand for water...

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