So far, there have been certain changes to Vietnamese regulations on formation of representative offices and branches of foreign merchants in Vietnam. Accordingly, For Enterprises’ Knowledge Column in this volume will focus on some new provisions of Decree No. 07/2016/ND-CP providing details for the Law on Commerce on representative offices and branches of foreign merchants in Vietnam, which comes into force from 10 March 2016, replacing Decree No. 72/2006/ND-CP providing the similar issues.
For Corporate’s knowledge in this newsletter:
Decree No. 11/2016 was promulgated by the Government on 03 February 2016 to guide the Labour Code on foreigners working in Vietnam (“Decree 11”). This Decree substitutes Decree No. 102/2013/ND-CP providing guidelines for the Labour Code on the the same (“Decree 102”), and shall come into effect from 01 April 2016. One of the key differences between Decree 11 and Decree 102 is the regulation on foreign workers being experts, managers, managing director and technical employees.
Lending and borrowing between enterprises rather than credit institutions for long have been an entanglement of several enterprises. Are enterprises legally permitted to conduct lending and borrowing transactions? If it is permitted, what should be noticed? In the Policy Brief this volume, NHQuang&Associates will introduce some analysis about capital lending among enterprises not being credit institutions.
For purpose of continual changes towards improving our service quality to Clients, in 2016, NHQuang&Associates will continue innovating our Legal Newsletter. Among the changes, “FOR CORPORATE’S KNOWLEDGE” will be a new column to be started from the very first newsletter of the year. It provides concise analysis about impacts of one or some legal documents to be in effect. Which important legal document will come into effect? How will it impact the corporate community? What should be done for preparation?, etc. All shall be answered in this column.
Also from this year, we shall provide you with one legal newsletter every two weeks in order to further improve and ensure the document’s quality.
Thank you once again for your trust to our team at NHQuang&Associates and hope that the year 2016 will bring you success and prosperity.