Công ty dịch vụ luật Apolat Legal

Under Vietnamese law, there is no single, uniform retention period applicable to all corporate records, documents, and data. Instead, document retention obligations are governed by various sector-specific regulations, with different retention periods applying depending on the nature, purpose, and legal function of each document.   For non-state economic organizations, documents generated during the course of business operations are classified as private archival documents under the Law on Archives 2024 . Pursuant to this Law, enterprises are responsible for organizing and maintaining their archival systems in a manner appropriate to their operational needs, internal governance framework, applicable laws, and relevant international practices. Accordingly, while certain categories of documents are subject to mandatory statutory retention requirements, enterprises retain considerable discretion in establishing internal document management and retention policies.   In practice, determini...

Mergers and Acquisitions (M&A) of enterprises and financial institutions are the “lifeblood” driving cross-border capital flows. Within the special legal framework established under Resolution No. 222/2025/QH15 on Vietnam’s International Financial Centre (“Resolution 222”), M&A activities at Vietnam’s International Financial Centre (IFC) are not merely commercial transactions but are positioned as strategic tools to attract global capital, promote integration, and establish large-scale financial groups. From a legal perspective, M&A capital inflows into Vietnam’s IFC are expected to be significantly stimulated by the following revolutionary changes:   I. No restrictions on foreign ownership ratio   Ordinarily, pursuant to Section B, Appendix I of Decree No. 96/2026/ND-CP (“Decree 96”), core sectors such as insurance, banking, securities business, and related services are classified as sectors subject to market access restrictions. Accordingly, foreign investors particip...

As businesses in Vietnam increasingly employ foreign workers, issues relating to employee entitlements upon termination of employment have become a matter of growing concern. One frequently raised question is whether foreign employees are entitled to severance allowance, particularly given that they are not subject to Vietnam’s unemployment insurance regime. This article analyzes the current legal framework governing severance allowance entitlements and the method for determining the employment period used to calculate severance allowance for foreign employees.   1. Conditions for foreign employees to receive severance allowance   According to Article 46 of the Labor Code 2019 and Clause 1 Article 8 of Decree No. 145/2020/ND-CP, an employer is required to pay severance allowance to an employee upon termination of the labor contract if all of the following conditions are satisfied:   The labor contract is terminated under Clauses 1, 2, 3, 4, 6, 7, 9, or 10 of Article 34 of the Labor...

With the promulgation of  Resolution No. 222/2025/QH15  on the International Financial Center in Vietnam (“ Resolution 222 ”) and its detailed guiding Decrees, the Vietnam International Financial Center (VIFC) in Ho Chi Minh City and Da Nang City has officially become a “special financial zone” backed by a breakthrough regulatory framework. Below is a summary of the 5 core advantages available to VIFC Members:   1. Ultra-incentive tax policies   One of the most attractive features of the VIFC is the unprecedented tax incentives within the current legal system, optimizing profit margins for investors:   Corporate Income Tax (CIT):  Projects operating in investment sectors prioritized for development are entitled to a preferential tax rate of 10% for 30 years, a tax exemption for a maximum of 4 years, and a 50% reduction for the subsequent 9 years. For projects outside the priority list, the tax rate is 15% for 15 years, with a tax exemption for a maximum of 2 years, and a...

According to the provisions of the Law on Investment 2020 , an Investor transferring investment capital from Vietnam abroad to conduct business investment activities must apply for an Outward Investment Registration Certificate (“ OIRC ”), regardless of the investment capital amount or whether the business lines abroad are conditional or not.   However, the Law on Investment 2025 (effective from March 1, 2026) and Decree No. 103/2026/ND-CP (effective from April 3, 2026) have minimized administrative procedures related to outward investment activities. According to Clause 1 Article 18 of Decree No. 103/2026/ND-CP , for outward investment projects with a capital level  under 7 billion VND  that do  not  fall under conditional outward investment business lines or business lines prohibited from outward investment, the Investor is not required to perform procedures for the issuance of an OIRC.   Conditional outward investment business lines include : Banking; Insurance; Securities; Pre...