Vietnam Law Firm

6.04.2015

Japan Increases Investment in Vietnam in Finance and Services

00:28 Invests in Vietnam, setting up business in Vietnam, Three Reasons Japan, Why Japan Will Increase, Why Japanese Investors Invest in Vietnam? No comments

Japanese investors have switched from setting up business in Vietnam in manufacturing into financial investment, retail.

: Japan Increases Investment in Vietnam in Finance and Services

Til end of Jan 2015, Japan is the second largest foreign investors in Vietnam in direct investment form with 2,494 projects, and total registered capital of nearly 36.9 billion USD however there have been changes in the structure of the investment capital in Vietnam. In particular, the manufacturing sector once accounted for the largest proportion of investment in Vietnam drops 30% from nearly $ 1.2 billion in 2013 to nearly 830 million 2014. In fact, the projects in the manufacturing sector often require huge capital during a long-term investment. In the context that Japan's economy faces difficulties as well as the global economy is not bright, the reduction of investment in the manufacturing sector is also understandable.

In indirect foreign investment in Vietnam, Japan ranks sixth in the list of countries conducting M&A in Vietnam with more focus on small or medium but long-term and potential large area. The field of production only accounts for 10% of the total value.

However, the recent survey has shown there is a new wave of Japanese investment in other sectors such as construction, real estate, transportation or financial investment. The report of The Japan External Trade Organization, or JETRO, a Japanese government-related organization that promotes trade and investment reflects the proportion of new investment projects in the construction, real estate increased from 3% in 2013 to 6% in 2014, while the capital had risen to 13%, compared with 2 % of a year ago.

In real estate sector, Tokyu Corporation has joined invested with Becamex IDC to develop Tokyu Binh Duong Garden City in an area of over 110 hectares with a total investment of about USD 1.2 billion. Daibiru Corporation also acquired the office building Corner Stone in Hanoi with value of the deal at USD 60.1 mil. These are example that Japanese investors recognizing the potential development of Vietnam’s changes in real estate market as the land ownership have been approved and effective from Jul 2015. As reported, M&A deals in real estate in 2014 accounted for 61% of M&A deals.

In financial investment, in 2014, Daiwa PI Partners and Vietnam Opportunity Fund of Vina Capital invested USD 45 million in the International Dairy Joint Stock Company, making foreign ownership increase to 70%.

In retail sector, Vietnam is also considered as an attractive market with growing mid-income consumer group. The largest retailer Aeon Japan after years of market research has poured more than USD 500 million for two commercial centers were opened in Ho Chi Minh City, Binh Duong and a new center in Long Bien (Hanoi). The group also plans to expand through acquiring shares of two local supermarket being Fivimart and Citimart.

It appears that Japan is holding strong among the leading investors in Vietnam, together with Korea and Singapore.

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ANT Consulting is here to assist you from the outset; providing intelligence, information, management or support and administrative services that assist market entrance, and ensure efficient business start-up operation. Our services are as following:

We strive to save your cost by guiding you towards economical solutions that comply with local legislation and procedures. We support you through early logistic solutions and carry you through as your business grows. We aim to bridge the gap between international best practices and local cultures and assist foreign companies and organizations entering Vietnam market to overcome commercial and regulatory issues.

We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779. To learn more about us, please visit www.antconsult.vn

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Accounting Services in Vietnam

21:50 benefits of using accounting services of ANT Consulting, outsource book-keeping and accounting services, reporting and accounting services, statutory book-keeping No comments

ANT Consulting provides a complete range of financial, accounting and reporting services designed to help clients do business in Vietnam efficiently by focusing on core business.

By outsourcing the service to us, we could ensure your financial reporting is transparent, up-to-date and accurate. We manage our clients' accounting processes and reporting – both internal and external – without any conflict of interest. Our service gives client clarity of accounting stands at all times, ensuring full transparency.

We also provide a flexible and scalable solutions that suit each client's needs in terms of:

Statutory book-keeping: maintaining your books and records in accordance with local rules and directives and preparing and filing all required reports and specifications;
Management reporting: tailored to your individual requirements, in dual currency format and meeting the relevant local accounting standards;
Consolidated reporting: monthly and quarterly assistance in preparing output accounting reports and accounting reconciliation, management reports.

You could learn about why you should outsource book-keeping and accounting services to a professional firm, the list of services which we offer for statutory book-keeping, reporting and accounting services and the benefits of using accounting services of ANT Consulting.

Please reach us via email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam.

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We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

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Nominee Services

21:48 Legal Advice, Market Entry, Outsourcing services, Tax Advice No comments

In the nominee services we provide, we act upon instructions from the beneficial owners according to the power of attorney given by the client.

Nominee Shareholder

This allow the client's status to be kept in private.

Nominee Director

This allow the client's status to be kept anonymity.

Professional Management

This allow the client's business to be in compliance with the local laws in the most beneficial ways.

Let ANT Consulting help your business in Vietnam.

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We could be reached at email: ant@antconsult.vn or call +848 3520 2779 . To learn more about us, please visit www.antconsult.vn

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Payroll Service

21:47 Legal Advice, Market Entry, Outsourcing services, Tax Advice No comments

ANT Consulting will provide you with a full payroll service. You will have a dedicated payroll officer, who will manage your work forces’ benefits using advanced software used by leading corporations.

We assist client to manage HR and Payroll operation:

Administration of personnel files
Registration and monthly declaration of employee with statutory insurances and tax office
Registration and update of Social book & Obtain medical card
Registration of private accident insurance
Monthly collation of employee time-sheet
Payment of salary net salary to the employee at month end
Payment on behalf of the employee to statutory insurances and tax office
Expense claim collation including ensuring relevant approval
Ensure compliance in terms of mandatory submissions (social insurance, Personal Income Tax, healthcare contributions);
Save cost to maintain payroll staff or overcome headcount’s constraints; Confidential of salary level among staff;
Pay your employee on time;
Save hassles dealing with local authorities.

Please reach us via email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam

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We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

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HR Outsourcing

21:46 Legal Advice, Market Entry. Tax Advice, Outsourcing services No comments

We hire people and provide such to our clients. The staff are under our payroll and HR Outsourcing will be working under client’s instructions.
HR Outsourcing helps your business:

Overcome constrains on headcount limit in need of supplying technical specialists or sales forces while expanding business in Vietnam;
Turn fixed costs into variable costs;
Improve saving due to provider’s lower cost structure;
Increase flexibility to meet changing business conditions, demand for products and services.

Please reach us via email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam.

We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

Tax Advice

21:45 Legal Advice, Market Entry, Outsourcing services, Tax Advice No comments

We assist with providing Tax Advice and related tax services to clients in various industries including financial services, trading, distribution, and IT sectors on Corporate Income Tax, Personal Income Tax, Value Added Tax, Withholding Tax and update on relevant tax regulations.

Our Tax Advice and the regular tax regulations update play an important role in assisting clients' decision making process on daily basis. Our team is of highly qualified with CPAs and relevant certifications, led by an experienced veteran Tax Manager from PWC.

Let ANT Consulting help your business in Vietnam.

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We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

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Market Entry

21:44 Assistance in setting-up business venture, Company Profiling and Due Diligence, M&A origination & execution, Policy and Regulatory Research, Research Service No comments

International corporations and entrepreneurs would face challenges to understand the Vietnam market in both commercial and regulatory terms. We aim to assist clients to fill that gap. Our Market Entry services cover a range of services that help the clients to do business in Vietnam in a cost effective ways through:

We understand the challenges you are facing, and we help you with strategies that work best for you.

We could be reached at email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam.

The UK Entreprises Encouraged to Explore the Potential Market in Vietnam

21:44 Legal Advice, Market Entry, Outsourcing services, Set-up company in vietnam, Tax Advice No comments

In addition to improvement of the business environment in Vietnam, Deputy Foreign Minister Hugo Swire also affirmed that Vietnam and UK will plan to raise awareness for the UK investors about potential business market in Vietnam.

Talking to the press after the Vietnam - UK 4th annual strategic dialogue in Hanoi today (February 27^th), Mr. Hugo Swire said, one of the highlights of the conference is how to strengthen bilateral trade relations. According to him, a number of the businesses of the UK have succeeded in Vietnam but the UK wants more and more enterprises to be successful in Vietnam in the future. To do this, the improvement in business environment is one of the problems the UK stressed many times before. Mr. Hugo Swire said that transparency and openness of Vietnam are still big challenges affecting the decision for UK enterprises to invest in Vietnam. Besides, another fact acknowledged by Mr Hugo Swire is that many businesses in the UK have not understood the potential markets in Vietnam.

Therefore, during the dialogue taken place today, he said, Vietnam and the UK have discussed a program to raise awareness of UK businesses in London to Vietnam market. According to Mr Hugo Swire, the completion of free trade agreement between Vietnam and the EU will open up many prospects to attract British investors to Set-up company in Vietnam.

"These problems, if be solved, they will bring to resonance as well as open new horizons for UK businesses to enter into Vietnam," said Deputy Foreign Minister.

Reviewing more specific about the Vietnam market, he also said, high-end consumer goods is one of the prioritized potentials for businesses of both countries.

According to him, many designers in the UK now want to introduce products to Vietnam and this may be a priority in the coming time. According to him, four other areas in which the Uk interested are education, energy, especially nuclear energy, health, transportation and infrastructure.

According to Mr Hugo Swire, a detailed plan to strengthen relations and cooperation between the two countries on these issues will be discussed in more detail at the annual meeting of the Joint Committee on Economic Cooperation in the future.

Also on bilateral cooperation, Deputy Foreign Minister said the capital of official development assistance (ODA) will end in 2016 but the UK is committed to continue the support for Vietnam by other methods.

One of the forms of assistance is Newton fund currently being deployed in Vietnam to invest in the fields of science and technology, particularly creative ideas, innovation.

According to Hugo Swire, the UK and Vietnam are still under discussion for formal cooperation framework to help the Newton fund operating efficiently. However, representatives from the UK said, one of the activities of the program is the exchange of scientists between the two countries , thus supporting the implementation of the research to develop economics and society.

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We could be reached at email: ant@antconsult.vn or tel: +848 3520 2779 . To learn more about us, please visit www.antconsult.vn

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Research Service

21:42 Legal Advice, Market Entry, Outsourcing services, Tax Advice No comments

At ANT Consulting, we assist clients with search and information research service in Vietnam as required.

In particular, we do assist client to survey, interview, locate, check, investigate, verify information.

The report we provide would help clients make better decision in investment, business transaction, employment or Intellectual Property matters.

Let ANT Consulting help your business in Vietnam.

We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

Assistance in setting-up business venture

02:45 Assistance in setting-up business venture, establish company in Vietnam, set up business in Vietnam, set-up business in Vietnam, Setting up company in Vietnam No comments

To help Clients start business in Vietnam, ANT Consulting introduces the service to assist in setting up business venture in Vietnam.

Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or investing in the contractual forms of: BCC, BO, BTO, and BT

Setting up company in Vietnam

Types of enterprise for foreign investors to invest in Vietnam are as following:

a) Limited Liability Company

A limited-liability company may not issue securities to mobilize capital.

b) Joint Stock Company

The main difference between Joint Stock Company and Limited Liability Company is the Joint Stock Company can raise funds by offering shares or securities. In addition, an enterprise tends to join the Stock exchanges or public company must be a Joint Stock Company. Management system of Joint Stock Company is more complicated than Liability Company.

c) Partnership

Unlimited liability partners must be individuals who shall be liable for the obligations of the company to the extent of all of their assets. Limited liability partners shall only be liable for the debts of the company to the extent of the amount of capital they have contributed to the company.

d) Representative Office of foreign Trader

Representative Office is not allowed to directly conduct profit making activities in Vietnam (i.e: the execution of contracts, direct payment or receipt of funds, sale or purchase of goods, or provision of services)

e) Branch of foreign trader

The Branch is permitted to conduct activities being the purchase and sale of goods and other commercial activities consistent with its license for establishment in accordance with the law of Vietnam and any international treaty to which the Socialist Republic of Vietnam is a member.

f) The investing measures by signing Contracts

If you are interested in investment in Vietnam and need help from professional business consultants, please send us email at ant@antconsult.vn.

Let us help your business in Vietnam.

Family Office Services

02:45 Buy property in Vietnam, Invest in Vietnam No comments

Vietnam has been considered as an attractive fit for family offices.

Buy property in Vietnam

The Vietnam’s stock market has been around fifteen ten years. Fund certificates in various forms are available such as close ended fund, open ended fund, Exchange Traded Fund (ETF). Foreign investors are now allowed to hold up to 49% shares in a listed company and this room has been in the process to change in the near future. Although Vietnam market is considered small for pension funds or the similar, this market is a right fit for family offices.

Further, foreigners are now allowed to make direct investment, hold 100% and conduct business in most areas after the new investment law’s effective date of Jul 1st, 2015. The real estate law has been passed with effective on the same date with new investment law, allowing foreigners entering Vietnam to buy real estate.

We are a local professional management consulting firm with family office service that assist foreign clients with asset management and consolidated reporting of all the family’s assets.

In particular, we provide wealth management and tax planning, trustee and corporate services, and support with indirect investment, direct investment, real estate and family governance.

We are your consultants and we could act as nominee shareholder, nominee director, or provide management service that help you achieve the goal, and stay in private status at the same time.

We look forward to helping you find the family office services you need in Vietnam.

To learn further about us, send email: ant@antconsult.vn, call office tel +848 35202779 or meet us at our offices.

Let ANT Consulting help your business in Vietnam.

M&A origination & execution

02:43 acquiring company in Vietnam, buying company in Vietnam, M&A origination & execution No comments

We advise strategic and financial investors on both, origination and execution of acquisitions, divestments and carve-outs.

acquiring company in Vietnam

M&A origination

We assist client to identify horizontal M&A opportunities (in-market consolidation, new market entry, market exit) as well as vertical M&A potentials (vertical integration or disintegration).
Our M&A origination engagements can be split into two distinct categories:

Ad-hoc analysis and evaluation of potential targets

We perform appraisals of targets focusing on market potential, industry dynamics, valuation, transaction rationale, risk assessment and deal structuring. Based on our recommendations our clients can make well-informed decisions whether or not to pursue M&A transactions.

Fully fledged M&A origination

Based on our clients’ core competencies and business objectives, we develop a comprehensive M&A strategy covering: in-depth evaluation of markets and industries, appropriate investment criteria development, a long list of potential targets/buyers, preliminary valuations, transaction rationale and approach strategy.

M&A execution

We could assist client in executing both acquisitions and divestments. We believe that every M&A transaction is unique and hence demands bespoke process taking all critical factors into consideration:

Our M&A execution engagements typically cover the following activities:

project management of an entire transaction,
coordination of daily activities during every step of a transaction process (internal preparation, initial evaluation, non-binding offer, due diligence, binding offer, negotiation, signing and closing),
coordination of clients’ internal resources and external advisors,
deal tactics development,
valuation and financial modeling,
development of internal documentation (board presentations),
negotiation assistance.

In case of divestments, we also perform the following activities:

internal and external processes structuring and planning,
preparation of an asset for sale (definition of object of sale, preparation of financial data, development of marketing material and dataroom setup),
development of a long and short list of potential buyers,
process material development (process letters, NDAs, SPAs/APAs).

We either support or fully take over the role of an internal M&A team, making sure that our assistance delivers the most value to our clients.

Let ANT Consulting helps your business in Vietnam.

Outsourcing services

02:42 Accounting, assistant service in Vietnam, HR Oursourcing, Nominee Services, Outsourcing services, Payroll 1 comment

We assist clients in providing them with compliance services hence they could focus on their core business.

assistant service in Vietnam

We could be reached at email: ant@antconsult.vn or office tel: +848 35202779.

Let ANT Consulting help your business in Vietnam

Set-up Representative Office in Vietnam

02:41 Legal Advice, Market Entry, Outsourcing services, Set-up representative office in Vietnam, Tax Advice No comments

A foreign business entity or a foreign trader is allowed to establish Representative Office in Vietnam.

Representative office of a foreign business entity in Vietnam (referred as “Representative Office”) means a subsidiary unit of the foreign business entity, established in accordance with the law of Vietnam in order to survey markets and to undertake a number of commercial enhancement activities permitted by the law of Vietnam.

Set-up representative office in Vietnam

Representative Office will need to apply and obtain the establishment license; and have a seal bearing the name of the representative office.

To operate strictly in accordance with the purposes, scope and duration stated in the license for establishment of such representative office;
To rent offices and to lease or purchase the equipment and facilities necessary for the operation of the Representative Office;
To recruit Vietnamese and foreign employees to work for the Representative Office in accordance with the law of Vietnam;
To open accounts in foreign currency and in Vietnamese Dong sourced from foreign currency at banks which are licensed to operate in Vietnam, and to use such accounts solely for the operation of the Representative Office.

We could be reached at email: ant@antconsult.vn or call +848 3520 2779 (HCMC Office), +844 39388751 (Hanoi Office). To learn more about us, please visit www.antconsult.vn

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Copyright Consultant in Vietnam

03:39 Copyright Consultant in Vietnam No comments

Under Intellectual Property Law of Vietnam, invention is a technical solution which must be of worldwide novelty, involves inventive steps and is applicable in various social and economic fields.

Copyright Consultant in Vietnam

The subject of invention and utility solution may be a device, process, substance, microorganisms, cell culture, and use thereof in accordance with a new function. Subject shall not be protected as inventions include: plant or animal varieties; method for prevention, diagnosis or treatment of diseases in human being, animals or plants; topographical design of integrated circuits; computer programs.
ANT Lawyers provides clients patent services as following:
Advise legal matters and the patent-ability of inventions and utility solutions in Vietnam and in abroad;
Conduct patent search and provide information on invention or utility solution, advice measures to protect patent or utility solution in Vietnam and abroad;
Complete the applications (including translating, writing patent description, preparing illustrative drawings of patent) and file to register invention license or utility solution;
Enforce the invention or utility solution rights, including investigation, supervision, negotiation, mediation, lawsuit initiation to handle infringement in Vietnam and oversea.
Advise matters related to maintenance, payment of maintenance fee; recording of all changes of patent application/registrations;
Draft, evaluate, register usage or ownership transfer of contracts on invention or utility solution;
For advice and specific details in each case, please contact us directly at ant@antlawyers.vn or call +84 912 817 823
Let ANT Lawyers help your business in Vietnam.

Investment law firm in Vietnam

03:28 Investment law firm in Vietnam, set up a company in Vietnam No comments

Our foreign investment practice at ANT Lawyers helps clients with the following:
Transactional structuring: advising on the possibility for foreign investors to obtain an investment licence in Vietnam and the selection of an appropriate investment vehicle in Vietnam such as a business co-operation contract, a joint venture company or to set up a company in Vietnam as a wholly foreign owned company.

Investment law firm in Vietnam

Licensing requirements: drafting and negotiating all documents required for obtaining an investment licence for a foreign invested project, following up Vietnamese authorities for obtaining the investment licence and assisting to complete all post-licensing procedures.
Regulatory issues: advising on regulatory issues in relation to the operation of foreign invested projects in Vietnam including advertising and promotion of their products. Please contact us for inquiries through email ant@antlawyers.vn or call our partner directly at + 84 912 817 823.
Let ANT Lawyers help your business in Vietnam.

International law firm in Vietnam

03:18 International law firm in Vietnam, Prae Legal No comments

ANT Lawyers is Vietnam exclusive member of Prae Legal, an international law firm network.

International law firm in Vietnam

Prae Legal Network provides clients with access to global legal resources through its vast network of well-established 242 law offices in trade centers in129 countries.
Our respectable and influential professionals are experienced in all fields of law. We are ready to provide legal solutions to companies and people all around the world for their legal needs. We can help when you would do business transactions in the most challenging parts of the world.
Prae Legal provides comprehensive legal expertise in almost all major practice and industry areas. We have general and subject specific legal expertise that could be applied to different needs of each industry. An industry will be interested in legal developments affecting its own business and legal environment.
For Vietnam legal matters or services, the client could reach the Vietnam law firm members via email at vietnam@praelegal.com or ant@antlawyers.vn or contact the Vietnam law firm member directly via office telephone at +848 35202779.
We have the ability to provide in depth legal assistance in the following practice areas:

Agricultural & Agribusiness
Antitrust, Competition and Trade Group
Automotive
Aviation
Banking and Financial Services
Business Crimes and Compliance
Capital Markets
Construction and Infrastructure
Corporate Organizations and Securities
Employee Benefits and Pensions
Employment and Labor Law
Energy and Natural Resources
Environmental
Government Affairs
Health Care Industries
Immigration
Insolvency, Bankruptcy and Restructuring
Insurance and Reinsurance
Intellectual Property
Life Sciences
Litigation, Arbitration and Dispute Resolution
Media, Entertainment and Sports
Mergers and Acquisitions
Private Equity
Project Finance
Real Estate
Tax
Technology, Outsourcing and Privacy
Telecommunications
Products Liability and Toxic Tort
Trademarks, Copyrights, Trade Secrets and Unfair Competition
Product Liability and Product Safety
Cross-Border Transactions
E-Commerce & Technology
Product Liability and Product Safety

Foreign Investors May Be Allowed to Hold 60% Shares

20:56 Business consultant, Business in Japan, foreign investment, Law firm in hochiminh, Law firm in Vietnam, Lawyers No comments

A new decision has been proposed to the Prime Minister with a number of changes that encourage foreign investors to make investment in Vietnam and in the meantime improve the financial market to catch up with international standard.

Foreign investors may be allowed to hold 60% shares

ANT Lawyers’ foreign investment practice always follow the change in legal environment to assist our client with the best service. First, foreign investors could own up to 60% of total voting right shares of a listed company. The previous provisions only allow this ratio for strategic partners. Secondly, the foreign investors may hold maximum 49% total voting right shares. The previous provision is 49% of charter capital. Thirdly, for non-voting right shares, the foreign investors are not restricted to hold. Fourthly, for fund certificate, the foreign investors may hold 100% for both close and open funds while the previous provision only allows 49% and restricts the foreign –owned in open funds. Fifthly, foreign organizations business in securities may hold securities companies in Vietnam up to 100% Charter capital while in recent provision, maximum of 49% and 100% for the specific cases.

When the new Decision will have been officially issued, the securities market of Vietnam will be more open and attractive to foreign investors. As expected, impact will be increasing liquidation, opening the conditions to establish investment funds, changing the enterprise’s structure, developing the fund management companies, and as such developing the financial market with more options to invest and control the investment in Vietnam.

For further information or intensive advice, please contact ANT Lawyers, your securities lawyers in Vietnam via email ant@antlawyers.vn or tel (848) 3520 2779.

ANT Lawyers is a Vietnam law firm with international standards, recognized by IFLR1000 on Financial and Corporate practice. We are an exclusive Vietnam member of Prae Legal, the global law firm network covering more than 150 jurisdictions. The firm provides a range of legal services as following to multinational and domestic clients.

Intellectual Property

International Trade and Taxes

Infrastructure and Project

Civil Matter