In this issue of Vietnam Briefing magazine we tackle the legal aspects of managing human resources in the country. Many foreign investors move operations to Vietnam to take advantage of its large, skilled and inexpensive labor force. As the economy expands further and more business enters the country, it will increasingly become an important part of corporate strategy to find ways to effectively motivate staff while also complying with local labor laws. The magazine covers various topics under recruitment and hiring including salary, mandatory benefits, labor contract, work permits, working hours, bonuses, trade unions and insurance.
We will also look at the ongoing urban renewal of Hanoi and Ho Chi Minh city as its expands the scope of its area to accommodate more local and foreign investment.
In this issue of Vietnam Briefing, we look at the process of establishing representative offices in Vietnam. As the second best performing economy in the region this year, many foreign investors are now considering building a presence in Vietnam to take advantage of the robust growth. A representative office is the simplest way to do so initially as a company tests the viability of the Vietnamese market.
We also cover related topics that include comparing representative offices with branch and wholly foreign-owned enterprises to determine which type is the most suited for your company; obtaining a foreign work permit in Vietnam; and regulations on applying as a foreign contractor.
Included in this issue:
Establishing representative offices in Vietnam
Obtaining foreign work permits
Foreign contractor applications in Vietnam
Vietnam's service industry bets on Ba Ria-Vung Tau
In this issue of Vietnam Briefing we look at the legal environment for establishing a business in Vietnam as a foreign investor. There are basically two laws that govern foreign direct investment in Vietnam: the Unified Law on Enterprises and the Common Law on Investment. We examine these two laws and review the sectors and regions entitled to investment incentives and conditional sectors applicable to foreign investors. We also go through the different forms of foreign direct investment in Vietnam and cover some of the pre and post-registration procedures. For those looking to rent or buy real estate in Vietnam, we look at some of the procedures and discuss the pros and cons of renting versus buying. Finally, we examine the country's new arbitration law that should help companies resolve commercial disputes faster.
In This Issue:
Investment Incentives and Forms of Direct Investment
Pre and Post Registration Procedures
Buying Real Estate as a Foreigner
Renting Offices in Vietnam
Vietnam's New Arbitration Law
Asia’s premier independent foreign direct investment practice, assisting multinational companies establish and grow in Asia from our offices in Vietnam, China, India and Singapore.