Headquarters in a condo?
(Sep 30, 2015)
According to the Law on Enterprise (2005), corporations are not eligible
to be headquartered in condominiums used for a residential purpose.
The Ministry of Transport (MOT) has issued a draft decree calling for
enterprises paid to fix damaged roads and make them safe. They will be
punished if they do not complete the work on time.
On September 10, 2015, the Government issued Decree No.
76/2015/ND-CP regulating implementation of Law on Real Estate Business
Government guarantees for investment projects must not exceed 70 per
cent of the project's total investment, noted a draft decree recently
unveiled by the Ministry of Finance for public opinion.
When establishing a vocational education
institution, foreign investors should take notice of certain conditions
in order to be granted an investment certificate, which permits the
establishment and certificate of registration of vocational education
Foreigners buying or selling houses in Viet Nam are required to carry
out the transactions through banks in Viet Nam and not in cash, the
central bank has decreed.
In a move to ensure workers' safety and regulate construction related
insurance mechanism, project owners and contractors undertaking
construction work would now be under obligation to purchase insurance
for their work and workers, a draft decree issued for the purpose
The 2014 Investment Law, which has taken effect
since July 1, 2015, has made three significant modifications regarding
the procedures for capital contribution registration, share purchase,
policy request and investment registration.
Businesses would still need stamps to carry out certain legal
documentation formalities since several laws and regulations do require
use of stamps.
Aircraft owned by Vietnamese organisations or individuals and those
lease-purchased or leased without crews for 24 months or longer must be
registered as Vietnamese to operate in Viet Nam.
It is necessary to tweak the criteria for classification of State-owned
enterprises (SOEs) to speed up their equitisation and improve their
efficiency, a workshop in Ha Noi on August 28 heard.