Local Insights Meet International Expertise
Investment & Opportunities In Vietnam
Tuan A. PHUNG Esq.
Managing Partner |VCI Legal
Hon. General Consul | Finnish Consulate HCMC
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
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Local Insights Meet International Expertise

VCI LEGAL INTRODUCTION
Business Law Firm providing “In-house Counsel Service”,
specialized legal services for business and some Key Practice
Areas
• Corporations, M&A & Securities
• Investment and restructuring
• Banking, Finance & Capital Markets
• Insurance
• Real Estate & Construction
• Petroleum, Mining & Energy
• Infrastructure, Transport & Logistics
• Trade Policy & Competition
• Tax & Transfer Pricing
• Labor, HR Management & Compliance
• Alternative Dispute Resolution: Mediation, Arbitration
voted “Vietnam Corporate Law Firm of The Year” by
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its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
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Local Insights Meet International Expertise
LOCAL INSIGHTS MEET
INTERNATIONAL EXPERTISE
 A full service law firm with a seasoned team of
multi-disciplinary professionals
 in-depth understanding of the legal system,
business environment, and cultural background in
Vietnam.
 Offices: Hanoi and Ho Chi Minh City
 Professional staff: 25
 Languages: Vietnamese, English,
,
Japanese, French, Chinese, Korean
voted “Vietnam Corporate Law Firm of The Year” by
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laws. Contents of this Presentation, in whole or in part, could not be used
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Local Insights Meet International Expertise
INTERNATIONAL AWARDS
 Legal500,
Chambers & Partners, IFLR 1000, Asialaw Profiles and
Legalese’s Tax Director Handbook (global legal directories & ranking
agencies) and international professional magazines list VCI Legal among
the top law firms in Vietnam for: M&A, competition law, banking and
corporate, insurance, taxation, intellectual property, investment,
 Acquisition International Magazine:




• Vietnam Corporate Law Firm of the Year 2012-2014,
• M&A Vietnam Law Firm of the Year 2013,
• Real Estate Law Firm of the year 2012-2013
ACQ Global Magazine:
• Vietnam Banking & Finance Law Firm of the Year 2012-2013
• Vietnam Capital Markets Law Firm of the Year 2012-2013
• Vietnam Corporate Law Firm of the Year 2012-2013
• Vietnam M&A Law Firm of the Year 2012-2013
Finance Monthly – Law Firm of the Year 2011-2013
Corporate LiveWire – M&A Vietnam Law Firm of the Year 2012-2013
Asialaw- Highly Recommended Firm for the Year 2014
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VIETNAM CORPORATE LAW FIRM OF THE YEAR
Local Insights Meet International Expertise
SERVICES OVERVIEW

Full-service business law firm: firm with
specialized business-oriented service packages:
 Finance, Legal & Stock Market Engineering
Service™
 Investment Structuring & Placement®
 Legal, Compliance & Risk Management
Service®;
 Intellectual Properties Strategic Management
Service®
 IP Enforcement Service®
voted “Vietnam Corporate Law Firm of The Year” by
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SERVICES OVERVIEW | 1
 Corporate, Finance, Tax and Litigation on the “Inhouse Counsel Services”® platform
•
•
•
•
•
•
•
•
•
•
Legal and Financial Advisory Services
Project and Contract Negotiation
Drafting & Translation
Due Diligence
Registration procedures
State & Local Government Relations
Regulatory Compliance
In-house training & workshops
Project Planning and Management
Daily Operations
voted “Vietnam Corporate Law Firm of The Year” by
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Local Insights Meet International Expertise
WHAT SETS VCI LEGAL APART?



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


A “Can Do” Attitude combining with a “Know How” Capacity
True sense of “Lawyer for business” independent legal
professionals who were trained & practiced in international
environment
Most key personnel are lawyers with in-house counsel
experience and deep “local” business insights,
Not only legal practitioners but also business managers who
are willing to bring “some skin in the game”;
Strong professional & cultural background;
Committed to provide not only the best legal services but
also the most effective & practical business solutions;
Team player and partnering with clients in resolving
business issues
voted “Vietnam Corporate Law Firm of The Year” by
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Local Insights Meet International Expertise
INDEX
1.
2.
3.
4.
5.
Why Do Business in Vietnam ?
Potential Opportunities
Legal Framework for Business
Barriers to Business | Emerging Economy
Our Team of Experts
voted “Vietnam Corporate Law Firm of The Year” by
8
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WHY DO BUSINESS IN
VIETNAM ?
9
Local Insights Meet International Expertise
COUNTRY OVERVIEW - 1
 Population:

•
•
89.71
million
(2013)
Median Age: 28.2 years
(2012)
Labor Force: 53.09 million
(2013)
Unemployment Rate: 2.37%
(2013)
 Global
Competitiveness
Index 2013-2014: Rank 70
 Source: CIA World Fact Book, Index
voted “Vietnam Corporate Law Firm of The Year” by
 GDP Growth:
• 5.5% (forecast 2014)
• 5.42%(2013)
• 5.25% (2012)
• 5.9% (2011)
• 6.8% (2010)
 GDP by sector (2013):
• Agriculture: 18,4%
• Industry: 38,3%
• Services: 42.3%
10
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COUNTRY OVERVIEW- 2

Export:
 FDI: 21,6B in 2013 (↑ 55%
• USD 132.2B
compared to 2012)
• Growth of 15.4% in 2013
 Public Debt:
 Import:
• 49.6% of GDP (2013)
• 48,2% of GDP (2012)
• USD 131.3B (2013)
• 48.3% of GDP (2011)
• Growth of 15.4% in 2013
 Inflation:
•
•
•
5.6% (2013)
9,2% (2012)
23% (2011)
voted “Vietnam Corporate Law Firm of The Year” by
IMPORT EXPORT PARTNERS (2013)
Import
Export
China (up 26.7 %)
UE (↑ 18%)
South Korea (up
34.1%)
US (↑ 20.3)
Japan (down 0.18)
Japan (↑ 3.8)
11
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WHY VIETNAM ? - 1
• Member of WTO since 2007
• Fast Growing Economy
• FDI inflows forecast remains strong
• Inflation is at moderate rate
• Exchange rates are stable
• Stock of reserve within the SBV has doubled in the
2 past years
• Political stability
• Country risk is at its lowest since the economic
crisis.
* Eurocham Whitebook 2014
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WHY VIETNAM ? - 2
•
•
•
•
•
Key partner country with ASEAN, Japan, Korea and
Taiwan: transfer of high-tech skills and know-how.
Privatization of SOES and liberalization of the banking
sector: new entry points for foreign investors.
Large, skilled and low-cost workforce
Vietnam proximity to China and South East Asia: good
base for foreign companies to export to the rest of Asia,
and beyond.
ASEAN coordinator for relations with the EU until 2015.
 BMI Vietnam Commercial Banking Report 2012
voted “Vietnam Corporate Law Firm of The Year” by
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WEF GLOBAL
COMPETITIVENESS REPORT
INDEX PARAMETER
2012-2013 Ranking
2013-2014 Ranking
Burden of Government
Regulations
112
106
Infrastructure
95
82
Higher education & training
96
95
Financial market
development
88
93
Technology readiness
98
102
Trade barriers
128
104
Intellectual Property
Protection
123
116
*Source: WEF Global Competitiveness Report 2013-2014; Rank out of 148 economies
voted “Vietnam Corporate Law Firm of The Year” by
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FDI 2013 IN FIGURES
 Vietnam attracted USD 21.6B FDI (increase of 54.5%).
It is the highest level since 2008
 12 000 new FDI projects have been licensed
 South Korea, Japan and Singapore are
the main
sources of FDI
 Sectors of Investment:
• Manufacturing: USD 16.6B
• Energy: USD 2B
• Other industries: USD 3B
* General Statistic Office of Vietnam
15
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RECENT LANDMARK PROJECTS
 Electronic:
• Samsung Electronics - opens a 2nd plant in Thai Nguyen Province - USD 2B


full production to be reached in 2015
Manufacturing:
• Pagasus Company- Japanese Subsidiary- is opening a new Factory at Long
Duc Industrial Park - USD 20 M
Real Estate:
• Rose Rock Group and Vung Ro Petroleum.Co plan to create the “Vung Ro
Bay”, residential and hotel project in south central coast of Vietnam-USD
2.5B
• Asian Coast Development (ACDL)- Canadian company- opened “Ho Tram
Strip”, the largest tourism and recreation complex of Vietnam in Bac Ria
Province-4.2 B
Retail:
• Aeon- Japanese company- Opened first Vietnamese mall in Tan Phu HCMCUSD 100 M
 Source: FIA
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POTENTIAL
OPPORTUNITIES
17
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INFORMATION TECHNOLOGY
 8.4% growth in 2013 and forecast of 15.5% growth in 2014
 Report IDC Vietnam ICT 2014”:
• Homegrown Smartphone brands will be more competitive
• Mobile gaming to explode
• Vietnam desktop PCs continue to grow in 2014
• Reform 2G frequency for 3 G networks
• Telecommunication Companies will seek mutual
partnership with OTTPs
• Local enterprise mobility partner ecosystem starting to
form
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REAL ESTATE
 Property prices have begun to firm up and such as
commercial retail prices have begun to rise.
 Strong demand for retail has kicked in Q3 and Q4 2013.
 Commercial office demand rise in Q3 and Q4 2013
 Residential property began to thaw, especially social
housing
 Luxury sector is expected to thaw.
 Expected to benefit from VAMC, increase of ownership cap,
credit growth policies, inflation control and low interests
* Colliers International “the Top 7 real Estate Trends”
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SECURITIES
 34% jump of Vietnam’s stock exchange between Nov 2012
and April 2013
 Increase of foreign investment cap in local companies
 VND has been stable for 3 years ( VND 21,000 for 1 USD)
 Inflation is decreasing and has not exceeded 25%
 In late 2014 or early 2015, Bill Stoops, (Dragon’s Chief
investment officer) believes Vietnam’s economy will turn a
corner. When the stock market rises, he believes the
skepticism about Vietnam’s markets will fade and investors
will rush in. Those who invest before the rise will experience
the greater benefit.
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Pharmaceutical and consumer products
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RETAIL
 Young population
 Consistent economic growth and rising level of disposable
income
 Favorable policy for retailer: Circular 8 provides an exception
to the ENT process, clearer licensing process, new export
rights.
 WFOE will be allowed to enter Vietnam retail market in 2015
 Vietnam retail Market Forecast 2014: “Vietnam total retail
market was forecasted to see an annual growth rate of 23%”
 “Vietnam retail Market Outlook 2017”: retail sale of goods and
services will continue to grow at a double digit rate in coming
future with food retailing to account for 2/3 of the market”.
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TRANSPORT, LOGISTICS
AND INFRASTRUCTURE
 Has been significantly expanded these past years
 10% of GDP has been invested in transport,
telecommunications, energy, water and sanitation in recent
years
 Vietnam gives first priority to infrastructure in 2014
 Budget allocated of USD 34 M
 From Jan 2014 WFOE are permitted to provide almost all type
of logistics services in Vietnam, including Storage and
warehouse services and freight transport agency but excluded
container handling services and road transport services.
 WB reports: “ Efficient logistics: a key to Vietnam’s
competitiveness”
 Preferential policies for infrastructure development
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IMPORT/EXPORT
 Growth of 15.3% in 2013 surpassing the target of USD 126 B
 TPP agreement engaging 12 countries is being finalized
 FTA with UE expected to be signed in 2014
 Export Strength in Agricultural products, leather and coffee
 Rebound of garment and textile shipment in 2013
 HSBC: “we expect export to rise by 20% in 2014”
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ENERGY
 With 90 M inhabitants, Vietnam is in need of dependable
electricity supply and integrated energy solution.
 In 2006 Government approved a road map to restructure and
establish a competitive energy market
 National Power development Plan 2011-2020: energy security,
energy efficiency, power quality and establishing a
competitive market
 Opportunities:
• Building of New Power Station: USD 83B budget allocated to
build 90 new coal fire plant by 2020.
• Transmission and Distribution Grid Update: USD 730M has
been allocated from 2012 to 2020
• Energy Efficiency & Smarter Grids: high levels of energy
wastage drives towards energy saving.
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BANKING
 S&P report:
• Expect banks to benefit from stable macroeconomic
conditions in 2014
• Challenge of low asset quality, low profitability and weak
capitalization
• Bank profit will remain low: ROA forecasted at 0.8-1%
• Liquidity of VN banks is forecasted to remain stable in 2014
 From Feb 2014: limit for foreign strategic investors in credit
institution is increased to 20% instead of 15%. This cap may be
lifted by the Prime Minister in special cases to help weak
banks “restructure and ensure their safety”.
 The door is now potentially open for foreign investor to be a
strategic investor in more than 1 local credit institution.
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LEGAL
FRAMEWORK FOR
BUSINESS
26
Local Insights Meet International Expertise
ENTRY METHODS AND LEGAL
STRUCTURES
 Direct Investment
• Establish a representative office
• Establish a branch in Vietnam
• Establish a Wholly Foreign-owned enterprise (WFOE)
• Establish a Joint venture with a local company (JV)
• Investing pursuant to a contract: BCC, BO,BTO and BT
• Investing in business development
• Purchasing share or contribute to capital to participate in
the management of the company
• M&A
 Indirect Investment
• Purchasing shares, bonds or other valuable papers
• Investing through security investment funds
• Investing through other intermediary financial institutions
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INVESTMENT SECTORS
 Prohibited sector include:
• Projects detrimental to national security
• Projects which harm peoples’ health or destroy natural
resources
 Conditional sectors of investment include:
• Banking and Finance
• Public health
• Real Estate
• Mining
 Sectors subjects to investment incentives include:
• High technologies and Bio-technologies
• Agriculture, forestry and Aquaculture
• Infrastructure
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COMPANY FORMATION
 Formation is relatively complex in Vietnam
 Different procedures for:
• Domestic investment project below VND 15B
• Domestic investment project between VND 15 B and VND 300 B
• Foreign invested Project of less than VND 300B
• Foreign invested Projects of more than VND 300B
• Foreign and Domestic projects in the list of conditional sectors
 Registration dossier may include:
• Legal Status of investor
• Objectives, business plan, locations of the project
• Invested capital and implementation schedule
• Land Use rights
• Proposal for investment incentive ( if any)
• Report on investor financial ability
• JV contract or BCC and Charter of enterprise ( if any)
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LAND
 Land owned by the People
 LUR entitles the holder to exclusively use the land
 LUR Acquisition:
•Lease from State or permitted lessors
•As capital contribution from VN party to a JV
 Land Lease duration: 50-70 years
 Mortgage and sub-lease of land Impossible but possible to
Mortgage and sub-lease LUR
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TAXES
• Corporate Income Tax
(CIT)
• Standard rate 22%
• Tax holiday - CIT exemption up to 4
•
years from the date of issuance of
investment certificate followed by
a period of 50% Taxes.
10% and 20% tax rates for
investments in encouraged sectors
• Import and export
duties
•
Investors meeting certain
conditions are entitled to
incentives on import duties
for initial fixed assets
• Land rental, land
usage fees
•
•
•
voted “Vietnam Corporate Law Firm of The Year” by
Applicable to investors with
investments
in
an
encouraged sector or region
Exemption or reduction from
land taxes, land use fees and
water surface rentals.
Allocation of land with or
without land use fees
31
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CAPITAL MARKETS &
SECURITIES
 FIE may sell shares to either foreign or local citizen or entities
 FIE sell all its shares to foreigners: Amendment of IC
 FIE sells all its shares to local: IC changes into Enterprise
Registration Certificate (ERC)
 2 stock exchanges: HSX & HNX
 Proposal to merge into a unique Vietnam Stock Exchange
 Securities law 2006:
•US$ 480 000 to be listed
•Minimum of 100 investors
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INTELLECTUAL PROPERTY
 IPR system is divided into 3 areas:
• Copyright and related rights- administered by the Copyright



Office of Vietnam
• Industrial Property Rights: administered by the NOIP
• Right to plant varieties: administered by the Plant Variety
protection Office
Administrative action: fines, seizure and destruction of
counterfeit goods, business license suspension and reexportation of infringed imported, etc
Civil Action: Preliminary injunctions and compensation for
damage are available through the civil courts
Criminal prosecution: government authorities or right owners
can bring prosecutions: fines, imprisonment and even death
penalty in serous, organized or business-related cases.
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RECENT FAVORABLE POLICIES
FOR FDI-1
 Foreign ownership in Vietnamese listed companies is limited

to 49% instead of 30%.
Foreign ownerships in local banks is loosened:
• Individual investor: 5% cap
• Organizations: 15% cap
• Strategic investors: 20% cap
• Related parties: 20% cap
• Aggregate foreign ownership applicable to commercial
banks: 30%
• Aggregate foreign ownership applicable to finance and
financial leasing companies: 49%
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RECENT FAVORABLE POLICIES
FOR FDI-2
 Equitization of SOE (573 SOE by 2015):
• Foreign investors are eligible to buy a limited amount of share
in an SOE
• Share acquistion are limited to 3 strategic investors
• Strategic investors must hold their shareholding for a
minimum of 5 years
 Establishment of VAMC in July 2013 to resolve USD 470 M of
bad debt
 Tax allowances:
• CIT reduction from 25 to 22% from Jan 2014
• 20% reduction from Jan 2016
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TRADE AGREEMENTS
WTO
 Vietnam is the 150th
member of the WTO as of
January 2007
 Market access opened for
WTO members subject to
WTO market opening
schedule (3-7 years)
 AFTA, CEPT: reduction of
tariffs between ASEAN
countries of 0-5%
 APEC: member of the Asia
Pacific Economic Cooperation Forum
voted “Vietnam Corporate Law Firm of The Year” by
 Bilateral Trade Agreement
2006 (“BTA”) : USA – Vietnam
 Economic Partnership




Agreement 2008: Japan Vietnam
Bilateral Investment Treaty
2004 (“BIT”): Japan - Vietnam
Partnership and Co-operation
Agreement 2012(“PCA”): EU Vietnam
Early Harvest Agreement
2004 : EU – Vietnam
TPP Negotiation launched in
2010: Regional free trade
36
agreement.
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
36
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise
KEY TRADE REGULATIONS
Various regulations:
 WTO commitments 2007:
Market opening and equal
treatment between foreign
and domestic investors.
 Bilateral / Multinational
Trade Agreements
 Local regulations for FDI
firms, commercial laws,
etc.,
foreign traders sell through
local agents (importer,
distributor)
voted “Vietnam Corporate
Law Firm of The Year” by
 Representative Office +
Local Agents (invoicing &
logistics)
 Vietnam encourages the
import of
• hi-tech products and
items that Vietnam does
not produce
• input materials for
manufacturing
37
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized
3737use is
subject to be penalized under applicable laws and regulations
BARRIERS TO
BUSINESS
 Economy Emerging
38
Local Insights Meet International Expertise
HOLD BACKS
 Bank’s bad depts:
• Non performing loans
• lack of capital and technology to sustain high credit
growth and Opaque financial accounts of many banks
 Weak Infrastructures:
• Inadequate roads, railways and ports to cope with the
markets economic growth and the interaction with the
world.
 Corruption:
• According to Transparency International's 2013
Corruption Perceptions Index, Vietnam ranks 116 out of
39
177countries.
 Source: BMI Report Q2 2012
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise
WTO COMMITMENTS
& IMPLEMENTATIONS
 Implementation
of Vietnam’s WTO commitments delayed
due to administrative and procedural obstacles .
 Concerns have been raised during the WTO trade policy
review in 2013, including:
• Lack of transparency of the regulatory and institutional
framework
• Tariff and non-tariff measures
• Technical standards and sanitary and phytosanitary
measures
• Number of SOEs
voted “Vietnam Corporate Law Firm of The Year” by
40
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise
LEGAL HOLD BACKS

Intellectual Property Rights (“IPR”)
• Local IPR regulations are largely standardized with international
norms
• Counterfeit, copycats, IPR infringements still common
• Grassroots enforcement is not yet efficient and is very time
consuming;
• Inconsistent decisions on IPR infringements by Vietnam courts
• Low penalties for IPR infringement
• Lack of transparency: no accurate and complete records of all
administrative fines, product confiscation or destruction and
other administrative sanctions
• Unclear provisions regarding the agency responsibility for
handling IPR violation
41
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise


LEGAL HOLD BACKS-1
M&A & Foreign Indirect Investment (“FII”)
• Foreign M&A often held up, delayed or blocked due to
unclear rules and regulations
• Certain limited or conditional sectors delay the whole
application;
• Complex licensing procedure
• Discrepancies in transfer price interpretation
• Unclear distinction between capital assignment and
security transfer
• Slow decision of Vietnam competition Administration
Department
Immigration Law
•
•
Restrict foreign employment in Vietnam
More complex VISA and WP procedures
42
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
OUR TEAM OF EXPERTS
43
Local Insights Meet International Expertise
MANAGEMENT TEAM
Tuan A. Phung, Esq.
Managing Partner | Corporate & Legal
Le Trong Nhi
Managing Director | Banking & Capital Markets
Kent Wong, Esq.
Partner | Head of Banking & Capital Markets
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise
MANAGEMENT TEAM
Thanh Q. Duong, Esq.
Managing Counsel | DRP Head | Hanoi
Son Nguyen, Esq.
Director| Banking & Corporate
Thang Dang, Esq.
Of Counsel | Banking & Corporate
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
SOME
REPRESENTATIVE
CLIENTS
46
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
BANKS & FINANCIAL INSTITUTIONS
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
MINING & ENERGY
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
TECHNOLOGY & HEAVY INDUSTRY
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
REAL ESTATE & CONSTRUCTION
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
FMCG & LOGISTICS
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
HEALTHCARE, NUTRITION,
GOVERNMENT & NGOs
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
LOCAL INSIGHTS MEET INTERNATIONAL EXPERTISES
FRANCHISING, IPR & LICENSING
The logo and trademarks are belong to our clients and its legitimate owners, our listing them here is for
information purpose only. These show the our lawyer’s experience in working with these companies and yet
provide no endorsement or implication on VCI Legal service. While VCI Legal is proud to report these reputable
companies in its clientele, all goodwill associated with these logos and devices solely belong to their lawful owners
DRP CLIENTS & EXPERIENCE*
54
Local Insights Meet International Expertise
MORE QUESTIONS?
Tuan A. PHUNG, Esq.
Managing Partner
Website: www.vci-legal.com
Email: tuanphung@vci-legal.com
Cell: (84) 908 168 275
Tel.: (84) 38 8272 029 Fax: (84) 38 8 234 43
Ho Chi Minh City:
Hanoi
Suite 501, 5/F, Sailing Tower
111A Pasteur Street
District 1, Ho Chi Minh City, Vietnam
Suite 501, North Asia Tower
9 Dao Duy Anh Street
Dong Da District, Hanoi, Vietnam
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations
Local Insights Meet International Expertise
voted “Vietnam Corporate Law Firm of The Year” by
Copyright ©2013– 2014 VCI Legal All right reserved. This presentation and
its contents are copyrighted under applicable Vietnamese and international
laws. Contents of this Presentation, in whole or in part, could not be used
without the authorization of the author in writing. Any unauthorized use is
subject to be penalized under applicable laws and regulations