Vietnam has recently enhanced the efficiency of its economy and strengthened its stance on preventing corruption; thus it is on the road to becoming a capitalist economy. The Vietnamese have further reformed the administrative branch of the government, disposed of bad debt, and have reorganized state-owned enterprises. The constitutional reform undertaken in 2013 showed a shift towards a more transparent form of democracy.
From a legal point of view, the relaxation of foreign investment rules, and the reforms of company, labor and real estate laws has been favorable for foreign businesses looking to enter Vietnam. Though many laws have been amended, there is still great deal of uncertainty regarding the application of these laws and their effects on businesses. Much care is needed for business and investment.
Member Firm of One Asia Vietnam is ACS Legal. Its legal, business and management experts who assist our clients across multiple business and investment fields. The head partner has years of experience working at an international law firm in Vietnam and has built strong connections with local authorities. Through the cooperation of our skilled Japanese staff and local lawyers, we provide practical solutions for our clients in Vietnam.
Contact (English and Japanese)
- +84 8 38224538
- ACS Legal (Vietnam Member Firm): Level 2 Somerset Chancellor Court, 21-23 Nguyen Thi Minh Khai, District 1, HCMC, Vietnam