Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter June 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “What should we concern when setting up a company?” written by our Ms Anh Hong Ngan and Mr. Nguyen Huu Phuoc. By this article, we give some legal notes which may help the beginner to effectively set up a company.

In Part II, we would like to provide you with some notable regulations as follows:

  1. To allow the establishment of the foreign arbitration organization in Vietnam.
  2. Narrowing the ownership ratio of the investor in the shareholding credit institution.
  3. New guidelines on procedures on value-added tax deferral and refund with respect to equipment, machinery, specialized means of transportation which form part of a technological line and construction materials which are not yet able to be produced domestically and are required to be imported to form the fixed assets of enterprises.
  4. New passenger cars of less than 16 seats are permitted to import via 05 Vietnam international seaports only.

Apart from the above, as usual, the selected list of news regulations is available for your further reference.

We hope that this Newsletter is of use to you. Should you have any questions, please feel free to contact us.

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