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Vietnam:Amendments to Vietnam’s Investment and Business Laws

On 11 January 2022, the National Assembly of Vietnam voted to pass a set of amendments(the “Amendments”) proposed by the government in an attempt to improve the legal framework for investment and business in Vietnam.  Taking effect on 1 March 2022, the Amendments make changes to the Law on Enterprises, Law on Investment, Housing Law, Law on Excise Tax, Law on Bidding, Law on Electricity, Law on Public Investment, Law on Public - Private Partnership Investment Form, and Law on Civil Judgment Enforcement. Below is a summary of some of the amendments. 1. Law on Enterprises • Vote-counting method at general meeting of shareholders (“GMS”) Under the current Law on Enterprises, matters other than voting on the election of directors and ...To read the full article, please see the PDF file

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Asia / Corporate Newsletter (April 1, 2022) (819 KB / 5 pages) Download PDF [820 KB]

Authors

今泉 勇

Isamu IMAIZUMI

  • Partner
  • Tokyo Hanoi / Ho Chi Minh City

Clients value Isamu’s unique insight into the challenges and uncertainties that they face in a dynamic, growing region. In addition to his experience in Vietnam, he has practiced in Tokyo and various other Asian locations, including a secondment to an Indian law firm. He is known for leveraging his international experience and cultural insights into the local legal and commercial practices to resolve complex, cross-border legal issues in a timely manner, working closely with local counsel. He advises on investments at all stages, from inception to post-closing operations, as well as dispute resolution.

ハー・ホアン・ロック

HA Hoang Loc

  • Partner
  • Hanoi / Ho Chi Minh City

Mr. Loc joined Nishimura & Asahi (Ho Chi Minh City Office) in July 2012. Before that, he spent more than 8 years with other foreign and domestic law firms in Vietnam. He has assisted clients in many large-scale cases including, among others, an acquisition of shares in a public pharmaceutical company in Vietnam, transactions acquiring shares in a public construction company, an acquisition of shares in a digital retailer listed in Vietnam, and bidding by a client for development of a real estate project in Ho Chi Minh City. Mr. Loc has assisted many well-known Japanese investors in investments worth hundreds of millions of US dollars in finance leasing, real estate development, and steel manufacturing businesses in Vietnam. He has advised a number of giant Japanese companies in conducting their business in Vietnam, and he has given lectures to clients’ employees in relation to anti-corruption matters. He has also advised clients in carrying out product recall procedures in Vietnam. Mr. Loc has authored various articles including Anti-Corruption Survey 2014 (Vietnam Chapter) - Anti-Corruption Survey published in 2014, the Mergers & Acquisitions Review - Eighth Edition - (Vietnam Chapter) published in 2014, Vietnam: All change for offshore investors - International Financial Law Review published in 2014, Vietnam: The investment conditions list - International Financial Law Review published in 2015, and Simplifying foreign Investment - International Financial Law Review published in 2016. Mr. Loc is a 2001 graduate of the Ho Chi Minh City University of Law (LL.B), and received an LL.M (with Merit) from Southampton Solent University (England) in 2008. He is admitted to the Ho Chi Minh City Bar Association (since 2008), and the Vietnam Bar Federation (since 2009). He is fluent in both English and Vietnamese.