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...