On 29th September, 2025, the Prime Minister issued Decision No. 36/2025/QĐ-TTg promulgating the Vietnam System of Economic Sectors Classification, which took effect from November 15, 2025 (“VSIC 2025”) and replaced Decision No. 27/2018/QĐ-TTg dated 6th July, 2018 (“VSIC 2018”).
Mr. Than Trong Ly – Partner Ms. Nguyen Thi Hong Nhung – Associate DIMAC Law Firm In the effort to quickly secure working capital, many businesses consider short term foreign loans as a “lifeline” thanks to their relatively simple procedures and the absence of a registration requirement with the State Bank of Vietnam. However,…
Establishing a business in Singapore offers numerous benefits, including a stable economy, investor-friendly policies, and strategic access to global markets. However, before starting a business, it is essential to understand the Singapore business licences and permits required in 2026. Operating a business in Singapore without the correct licence can…
The Ho Chi Minh City Department of Home Affairs has issued Notice No. 9002/SNV-VLATLĐ dated 13 November 2025, guiding enterprises, organizations, cooperatives, business households, and individuals employing workers in the city to submit the 2025 Labor Utilization Report in accordance with Form 01/PLI attached to Decree 145/2020/ND-CP.
In the course of investment in and operation of industrial parks and industrial clusters, it is not uncommon for project developers or factory owners to enter into the factory lease or sub-lease contracts while the legal procedures relating to the relevant facilities have not yet been fully completed, such as…
This article reviews the principal company structures available in Singapore, including sole proprietorships, partnerships, limited liability partnerships (LLPs), private limited companies, public companies, and the main options available to foreign entities. The analysis is intended to assist businesses in identifying a structure aligned with their operational objectives, risk profile, and…
At the 9th session, the 15th National Assembly adopted Resolution No. 222/2025/QH15 dated 27 June 2025, effective from 01 September 2025 (“Resolution 222/2025”), providing the legal framework for the establishment and operation of the International Financial Centre in Vietnam (the “IFC”).
In the context where Viet Nam has officially opened two (02) International Financial Centers (“IFC”) in Ho Chi Minh City and Da Nang City, with the objective of becoming a competitive destination in the region and globally for capital flows and high-quality human resources, and in light of the task…
Singapore is widely recognised as one of Asia’s leading destinations for foreign investment. Its business-friendly regulatory environment, political stability, robust legal system, and competitive corporate tax regime make it an attractive entry point for global businesses seeking to expand their operations in the region. Setting up a company in…
On 29th September, 2025, the Prime Minister issued Decision No. 36/2025/QĐ-TTg promulgating the Vietnam System of Economic Sectors Classification, which took effect from November 15, 2025 (“VSIC 2025”) and replaced Decision No. 27/2018/QĐ-TTg dated 6th July, 2018 (“VSIC 2018”).
