Me on the News

I am recommended by Asia Law Portal as one of its annual 30 people to watch in the business of law in Asia, cited: Hoang...

The New Investment Law – Changes on M&A

Please ONLY read this post if you have gone through that post (and then that post) so that you will have initial ideas of what...

MACs & IBCs? Why Should I Care Before Investment?

Imagine that, on a beautiful day, you stand in front of a fancy private club. To get in, you need to show the gatekeeper...

Major Changes of the New Investment Law (NIL) at a Glance

On 17 July 2020, the National Assembly of Vietnam issued Investment Law No. 61/2020/QH14 which will replace the current Investment Law No. 67/2014/QH13 of...

Do Intra-Group Zero Interest Loans Work in Vietnam?

This note discusses possible impacts of employing intra-group ‘zero interest’ loans and respective solutions prefered by involved parties. 1. Debt Financing or Equity Financing? When a...

Opportunities for Startups and Venture Capital Investors in Vietnam: An Interview...

I had a very interesting interview with Asia Law Portal on the unique opportunities and challenges Vietnam offers to startups and venture capital investors...

What Are Conditions for Vietnamese Companies to Get Investors’ Loans?

In the preceding post, we discuss how foreign (i.e. - investor/parent company) loans are classified, how such classification would affect the funding plan and...

How to Give A Loan To Vietnamese Companies?

When it comes down to funding Vietnamese targets, advantages of loans, especially short-term ones, are obvious. A short-term loan would help to circumvent a...

Investment in Vietnam via Singapore: Why Better To Be Safe Than...

Please see the first post on why investment in Vietnam via Singapore is preferred by all here.  But does it mean the Singapore route is...

Introduction of Draft New Investment Law and Its Possible Implications on...

The Government of Vietnam is accelerating the drafting of two most important laws relating to foreign investment, i.e. the Investment Law (IL) and the...

What Are Key Considerations When Using Special Investment Vehicles in Vietnam?

In the last post, we have discussed the history of using SPVs in Vietnam. This post will therefore take a close look at possible...

Representative Offices in Vietnam: Licensing Process, Tax Issues and Other Considerations

Readers are recommended to first read following related posts: What Are Major Forms of Commercial Presence in Vietnam? Representative Offices in Vietnam: Main Functions,...

Representative Offices in Vietnam: Main Functions, What They Can Do and...

Please first read this post What Are Major Forms of Commercial Presence in Vietnam? to understand major forms of commercial presences available in Vietnam as well as...

How is a Typical Startup M&A Structured?

This post is intended to address the question of how a typical acquisition of a Vietnamese startup takes place in practice. From a deal structure’s...

What Are Major Forms of Commercial Presence in Vietnam?

Very often, while most foreign investors should have a general idea on how to invest in Vietnam, some, as I experienced, simply do not. ...

Tips: How to Save Capital Gains Tax?

Related post: How Capital Gains Are Taxed in Vietnam? Of course, I do not discuss a plan to create an offshore special vehicle to invest in...

A Term Sheet in Vietnam’s Context: Why it Matters?

Does it really matter and why? Yes, it does and very much. First thing first, a term sheet is not a contract in a sense...

A Term Sheet in Vietnam’s Context: What is it?

What is a Term Sheet by the way? Imagine that, on a beautiful day, founders of a Vietnamese startup just received a ‘term sheet’...

Investment in Vietnam via Singapore: Why both Local Founders and Foreign...

Back to early 2015, the overnight success of Flappy Bird inspired a new wave of startups in Vietnam who obviously wished to repeat the...

Case Study: A Fund’s Hard Exit (Part #1)

In early 2018, VinaCapital (VC), through its affiliate,  invested US$32.5 million to acquire a significant minority stake in Ba Huan Joint Stock Company, a...