A number of foreign-invested enterprises have been unlisting their shares in Vietnam due to alleged legal problems. Nguyen Hung Quang, Managing Partner at NHQuang & Associates, delves into the reasons behind the issue and their responses in practice.
Vietnamese enterprises advertise on Facebook, Google, YouTube more and more. Because Facebook, Google, YouTube are not based in Viet Nam, enterprises that directly sign advertising contracts with these organizations will not have invoices to balance inputs and outputs, though there are actual costs.
“Alongside with adding the new, removing the old is a must” – an article written by Lawyer Nguyen Hung Quang on how legal compliance costs have affected economic development and economic freedom of the people, published on The Saigon Times, No. 19/2019.
In order to further improve the quality of resolving civil disputes, the judicial authorities has laid down “Innovating, enhancing and improving the effectiveness of mediation in resolving civil cases” as a policy for the entire system.
The applicable Investment Law is no longer relevant to the market access of domestic and foreign investors for the needs of business investment activities.