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Legal service
Meaning of Insolvency in Vietnam?
Currently, in a volatile market economy, with relatively large eliminations, the business losses lead to bankruptcy of many enterprises. On the basis of the State’s regulations on conditions and order of settlement of social relations related to bankruptcy, forming a legal system on bankruptcy scattered in different legal documents from legislation to sub-law documents. On the other hand, insolvency, a term for an individual or organization that can not meet its financial obligations to a…
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Business
Organizational structure of a single-member limited liability company in Viet Nam
The single-member limited liability company is known for the uniqueness of its owner. Viet Nam law has regulations on how this type of company is organized. Let’s find out with Lawyer X through the following scenario: “Dear Lawyer! I would like to learn about the organizational structure of a single-member limited liability company owned by an organization and owned by an individual. Looking forward to your response! “ Legal grounds Viet Nam law on Enterprises…
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Business
Viet Nam legal regulations on the capital of a single-member limited liability company
The single-member limited liability company is a common type of enterprise in Viet Nam. The capital of a single-member limited liability company is very important to the business operation of the company. Let’s find out this issue with Lawyer X through the following scenario: “Dear Lawyer! I would like to know about regulations on charter capital of a single-member limited company. How do I contribute capital to establish this type of company? Thanks for your…
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Business
Transactions are subject to approval by the Board of Members of a multi-member LLC in Viet Nam
In a multi-member LLC, there are contracts and transactions that need to be approved by the Board of Members. Viet Nam Law has regulations on contracts and transactions subject to approval by the Board of Members. Let’s find out this issue with Lawyer X through the following case: “Dear Lawyer! I want to know what contracts and transactions are subject to approval by the Board of Members in a multi-member LLC? And relevant regulations on…
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Legal service
Do I have to pay the Insurance for work-related accident or occupational disease for domestic workers in Vietnam?
Many newlyweds have young children, but because of the nature of their jobs, both have to go to work. Therefore, the couples decided to hire a babysitter to take care of the baby. However, they do not know if they have to pay the expenses such as taxes and insurances for the babysitter (hereinafter the domestic workers) or not. So, in this article LSX legal firm will inform you the information to answer: “Do I…
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Legal service
Who does not have to pay personal income tax in Vietnam?
Paying taxes to the state has always been the duty of every citizen because tax revenue is a major source of revenue for the state budget to ensure social welfare regimes for the people. However, paying personal income tax sometimes becomes burdensome due to the lack of legal understanding of the regulations on personal income tax. Many people, when participating in a job, do not know whether they have to pay personal income tax or…
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Legal service
Do employees have the right to enjoy holiday regime when suspending contract performance in Vietnam or not?
More and more labor relationships appear as the developed society leads to the need to have a job for everyone. However, there are cases where the performance of the labor contract must be postponed due to various reasons. An issue related to the suspension of contract performance attracts great concern to everyone: “Do employees have the right to enjoy holiday regime when suspending contract performance in Vietnam or not?”. In this article, LSX legal firm…
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Legal service
What to do when personal information is stolen in Vietnam to borrow money?
Nowadays, borrowing money is becoming more and more simple, with just some personal information on the Citizen ID card or phone number, it is possible to “disburse”. So what to do if your personal information stolen to borrow money? To better understand this, today, LSX Lawfirm will give you an article about “What to do when personal information is stolen in Vietnam to borrow money?“, as follows: Legal grounds Civil Code 2015 Criminal Procedure Code…
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Legal service
Scam to get personal information in Vietnam
Currently, there are many people who collect personal information such as messages, passwords, or bank accounts with other sensitive data silently without the user’s knowledge, not only on mobile phones. Internet users also have other risks of revealing personal information if they do not know how to secure their information. To better understand this, today, LSX Lawfirm will give you an article about “Scam to get personal information in Vietnam“, as follows: What is Personal…
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Business
Increasing or decreasing charter capital of a multi-member LLC in Viet Nam
Charter capital of a multi-member LLC is registered when establishing the company in Viet Nam. However, the amount of charter capital can be fluctuated throughout the course of business operation. Then the multi-member LLC shall implement procedures to increase, decrease charter capital in accordance with Viet Nam Law on Enterprises. Let’s find out this issue through the following situation: “Dear Lawyer! I would like to ask about in what cases a multi-member LLC may increase…
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