Investing in Vietnam-Preview

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Vietnam’s new Enterprise and Investment Laws,
in effect from July 1, 2015, have changed the
country’s investment landscape. Foreign investors
still face restrictions on doing business here,
but fewer than before. The
framework for corporate
governance is enshrined
in this legislation and must
be considered when hiring
a team in Vietnam to fill
roles required under the
law. These requirements are
especially important when
writing responsibilities into
employment contracts.
Concerns of investors putting
their money into a country with a developing legal
framework are understandable. Laws inVietnamare
sometimes releasedwithout relevant implementing
regulations, leaving the situation unclear.This is why
expert guidance of experienced professionals who
work in liaison with the government is so critical
when establishing a presence in Vietnam.
In this issue of Vietnam Briefing, we highlight
the forms of corporate presence available to
foreign investors in Vietnam. We take a look at
the country’s system of corporate governance,
and discuss how the form of
presence a company chooses
affects its obligations from
a governance perspective.
Finally, we examine Vietnam’s
VAT and invoice system
which, as elsewhere in the
region, is tightly controlled.
For foreign companies
selecting an Asian country
in which to invest, Vietnam is
a more attractive option now
than ever before. As the country’s new investment
laws come into effect, we hope that you find this
issue of Vietnam Briefing a useful starting point for
establishing your business here.
This Month’s Cover Art
Blue Season by Pham Khanh Thanh
Oil Painting on Canvas, 100x100cm
Green Palm Gallery
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Introduction
Kind regards,
Alberto Vettoretti