The Model for an International Financial Center: No Room for Delay with Outdated Thinking
Vietnam is exploring models to develop international financial centers, charting a path for Ho Chi Minh City (HCMC) and Da Nang. To rise as a regional financial hub, the choice of model cannot afford hesitation rooted in outdated thinking. Aspiration The year 2024 marked a pivotal moment in Vietnam’s economic institutional reforms. On November 15, 2024, the Politburo issued Notification No. 47-TB/TW, endorsing the establishment of regional and international financial centers in Vietnam. Accordingly, HCMC is set to become a comprehensive international financial center, while Da Nang will serve as a regional financial hub. To implement this policy, on December 31, 2024, the Government issued Resolution 259/NQ-CP, outlining a detailed action plan and assigning 49 task groups to 12 ministries, agencies, and localities. This demonstrates a clear transition from political resolve to concrete action. HCMC plans to utilize a 9.2-hectare…
Labor Contract: Definition and Essential Contents
As society progresses, labor contracts have become vital for ensuring fairness and transparency in the relationship between employees and employers. This article explores the definition of a labor contract, its…
Vietnam Digital Currency Exchange: 7 Critical Insights for Foreign Investors
Vietnam is on the cusp of a significant shift in its approach to digital assets, with the government preparing to launch a pilot digital currency exchange. This move signals a…
Visa Waiver Extended: 12 Countries to Benefit from New Policy
Vietnam has officially adopted a new visa exemption policy for citizens of 12 countries, according to Resolution No. 44/NQ-CP dated March 7. Under this policy, nationals from Germany, France, Italy,…
Vietnam: Child Support Obligations After Divorce – Payment Levels and Methods
Who is Obligated to Support Children After a Divorce in Vietnam? According to Article 82 of the Law on Marriage and Family 2014, the parent who does not directly raise…
Process of Obtaining a Business Registration Certificate in Vietnam
Eligibility Requirements Before applying for a Business Registration Certificate (BRC), foreign investors must comply with the conditions set forth in the Law on Investment and Law on Enterprises. If investing…
Understanding Vietnam Visa Overstay Penalties and Application Procedures During Weekends and Holidays
Traveling to Vietnam offers a wealth of experiences, but it's crucial to be aware of visa regulations to avoid potential pitfalls. This article provides insights into the penalties associated with…
Division of Spouses’ Common Property as Land Use Rights Registered in One Spouse’s Name
Question: During our marriage, my spouse and I bought a piece of land and mutually agreed to register it under my wife’s name for convenience in transactions. However, as we…
Confusingly Similar Signs and Trademarks in Vietnam: A Comprehensive Guide
In today’s competitive business environment, protecting intellectual property rights, especially trademarks, is essential to maintaining market differentiation and preventing infringement. One of the most challenging legal issues is determining whether…
Quickly Understand Foreign Investment in Vietnam: Framework, Opportunities, and Best Practices
Over the last decade, Vietnam has emerged as a dynamic and prominent marketplace among emerging economies. As one of the fastest-growing economies, it naturally attracts substantial foreign investment. However, Vietnam…
How to Apply for a Vietnamese Passport for the First Time
Required Documents: Application for passport issuance (download here). For children under 14, the application must be filled in by their parent or guardian. Three standard passport photos (2x2 inches): One…
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