Fines for foreign-invested enterprises for failing to pay social insurance premiums have been specified in Decree No.28/2020/ND-CP released in March 2020 on providing penalties for admin violations in the fields of labor, social insurance, and overseas manpower supply under contract.
The keys to M&A attraction 16:22 | 28/04/2021
Pham Duy Khuong Managing director ASL LAW
Besides, it is also one of the countries that have been able to control the COVID-19 epidemic, creating a safer environment for foreign investors. This encourages foreign investors to look for projects in Vietnam, especially in the real estate sector, to invest through M&A deals. However, investment policies and legal corridors need to be improved to attract investment and make M&A a safe option in Vietnam.
Firstly, despite implementing amendments to laws and issuing more open policies to attract investment capital to improve M&A activities, there are still many shortcomings that make investors afraid to invest in Vietnam in this form. The provisions of the regulations on M&A are scattered and overlapping in legal documents such as the laws on Enterprises, Investment, and Competition, and there are no unified regulations for the implementation of M&A activities
Building regulations to secure workersâ rights and interests 14:27 | 05/04/2021
With the rapid development of digital platforms in the era of Industry 4.0, many companies have been established such as Grab, Now, and GHN Express, which create convenience for customers and jobs for millions of people in Vietnam. And there have already been plenty of people making money working on these digital platforms.
Pham Duy Khuong, managing director, ASL Law
However, at present, these people are facing challenges such as their working conditions, insurance benefits, stable wages, and in social security which traditional workers enjoy. That stems from the lack of clear regulations in the law on this issue and leading to disputes between workers and these digital platform companies.
WTR 1000 published the list of top-tier trademark attorneys in Vietnam with the continued presence of lawyer Pham Duy Khuong, managing director of ASL Law Firm.
Destination for investors both at home and abroad 15:00 | 12/02/2021
Investment and business policy improvements and participation in bilateral and multilateral free trade agreements have helped Vietnam become an attractive destination for domestic and foreign investors. Pham Duy Khuong, managing director of ASL LAW, told VIRâs Hoang Oanh about the recent movements and their impact.
Pham Duy Khuong, managing director of ASL LAW
How would you evaluate the current investment environment in Vietnam, and which moves by the government and ministries have made important contributions to attracting foreign investors?
Vietnam is one of the few countries in Asia to record positive GDP growth in 2020, and the governmentâs efforts to control and limit the spread of COVID-19 have made the nation a safe destination for foreign investors.