Phuoc & Partners Vietnam International Law Firm

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Phuoc & Partners Attorneys At Law

Legal Update Newsletter September 2010

Our Part I of this Legal Newsletter is a legal article recently published in the Thoi Bao Kinh Te Sai Gon named “Regulation on “the first time of investment in Vietnam” is full of contradictions written by our Ms. Nguyen Thi Phuong Chung & Mr. Nguyen Huu Phuoc. By this article, we give more comments on the application of “the first time of investment in Vietnam” under the legal aspect and the reality.

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

  1. Foreign investors may conduct capital contribution, share purchase in a Vietnamese enterprise through their trading representative in Vietnam.
  2. Breaches of industrial property provisions may be fined up to 500 million VND.
  3. New regulations on preferential treatment for scientific and technological enterprises.
  4. House purchasers, lease purchasers may not be issue the Housing ownership Certificate if the transaction was not made via real estate trading floor.

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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