How to establish a new law company in Vietnam

These are issues which are need to be considered and prepared before establishing company in Vietnam

  • Choose the type of business entity. According to the Law on Enterprises, there are five common types of business entities at present: business cooperation contract, joint stock company, partnership company, limited liability companies (multi – member limited liability companies and single-member limited liability company), public – private partnership. This decision plays an important role in making or breaking your business ideas in practice.
  • Therefore, try consulting experts before you make decision. The number of members (shareholders) varies according to the kind of business. Based on that number, company owners prepare notarized copies of IDs or visas. 
  • Choose a name for your company. The name should be short, easy to remember and pronounce. It is not allowed to resemble other companies’ names which are available. Learn more information about available companies’ names at “National business registration portal” (dangkykinhdoanh.gov.vn).
  • In addition to type of business entity and company name, there are also other issues needed to prepare carefully are choosing a place for your headquarter, determining authorized capital for your business, selecting a title for company’s representative in law and choosing a legal industry to register.
how-to-establish-a-new-law-company-in VIetnam

After having prepared all the information needed to set up your company in Vietnam, you can initiate to compile documents as following:

  • A document to apply for investment registration certificate
  • Written request for issuing Certificate of Investment
  • Certification of legal status of the founding shareholders:
  • For the founding shareholder as legal personality: legalized copy (not more than 3 months from submission of document) of Establishment Decision, Certificate of Business Registration or other equivalent documents, Articles of Association or others equally. The documents in foreign languages must be translated into Vietnamese and certified by the company specialized in translation.
  • For the founding members as individuals: the legalized copy (not more than 3 months from submission of document) of documents: identification card, passport or any evidences of the individual’s valid legal status.
  • Investment project proposals include the following contents: investor implementing the project, investment objectives, investment scale, investment capital and capital mobilization plan, location, time limit and investment progress, demand for labor, proposals for investment incentives, impact assessment, socio-economic efficiency of the project
  • Copies of one of the following documents: Financial statements of the latest 02 years of the investor; Commitment to financial support of parent company; Commitment to financial support of the financial institution; guarantee the financial capacity of investors; Documents explaining the financial capacity of investors.
  • Proposal for land use; In case the project does not request the State to allocate or lease land or to permit the change of land use purpose, a copy of the lease agreement or other documents confirming the right of use of the land shall be submitted. current investment project
  • Explanation on the use of technology for investment projects, for projects using technologies on the list of technologies restricted from transfer according to the provisions of law on technology transfer, covering the following contents: origin of technology, process flow chart; Main specifications, use status of machinery, equipment and main technological lines
    BCC contract for investment projects in the form of BCC contract.

 

If you have any inquiries or would like to request for further information, please contact us by calling or sending us an email. We will attend to your request as soon as possible : V Lawyer – Law firm in Vietnam

 

 

The steps for writing a law essay

The-steps-to-write-a law-essay

Introduction

The first introduction sentence introduces the reader to the subject by summarising the essay’s arguments. This is an opportunity to hook the audience by drawing their attention to the value of the topic. Write another sentence explaining the significance of the legal analysis. Then, end your introduction with a thesis statement that will justify the objectives set out by the essay.

A law essay body 

The body is the central element of the essay where you state the main legal arguments that support the thesis statement. Do not shy away from giving counter-arguments on the legal issue you are analysing. However, these opposing views or claims must be supported by credible source information. Besides, the opinions stated in the essay should indicate a great understanding of the subject.

Write convincing body sentences that persuades the reader to adopt your line of thought. Furthermore, a legal essay explores the elements that answer the questions. Therefore, it will be crucial to remain relevant in your analysis; otherwise, the reader will get lost within the block of arguments

You might divide the body into different sub-headings, each addressing the question differently. Also, make sure your sentences use correct vocabulary and are written in a formal tone. Overall, remain focused in developing the legal analysis that follows the due regard to the law. However, this his will indeed limit the degree of your personal opinion. Lastly, go through the arguments and ensure correct law application in your analysis.

An effective conclusion

Using the correct citation style format is very necessary.  College students use mainly the MLA or Chicago Manual of Style.

Besides, the legal essay makes a distinction between the primary and secondary legal sources. Primary sources include legal documents like statutes, law reports or any official publications. Online articles and books fall among the secondary sources.

More details at: Law firm in Vietnam 

 

Certificates required to become a professional lawyer

Lawyers work in a variety of roles including presenting evidence in civil and criminal trials, providing legal advice to clients and creating contracts. Lawyers work for federal agencies, corporations and in private practice in a variety of specialty areas including family law, criminal law and constitutional law.

The specific certification requirements to become a lawyer vary by state, but all attorneys must have a professional law degree and be a member of the bar association in the state where they practice.

 

 

legal-service-in-vietnam

Law Degree Prerequisites

In order to be accepted into law school, prospective lawyers must meet several qualifications. These include having a four-year undergraduate degree, although no specific major or degree is required. In addition, the applicant must take the LSAT or the Law School Admission Test. This is a standardized test. The LSAT scores, undergraduate grade point average and the applicants experience and interview are considered during the admissions process.

Law Degree

In order to practice as an attorney, the individual must obtain a juris doctor, or J.D., degree. This is a three-year program that includes course work in torts, contracts, constitutional law and legal writing. Students take additional courses in a specialty area, such as immigration law or international law, toward the end of the program.

Continuing Education

Continuing education is required for lawyers to maintain their certification in 46 states, according to the Bureau of Labor Statistics. Continuing education keeps lawyers up to date on new laws, relevant case rulings and issues in their area of specialty. Other requirements vary by state. For example, the state of Ohio requires lawyers to meet a professional conduct requirement that includes instruction on substance abuse and ethics.

Other Qualifications

Lawyers must demonstrate strong writing and speaking abilities. They should also have excellent reading comprehension and analytical skills. Building a case and putting together a contract also require a great deal of research and knowledge of relevant laws and cases. Lawyers should have knowledge and understanding of ethical issues in their specialty.

Website law firm in Vietnam 2020.

Top 5 successful lawyers in the world

This list complied taking into account results from the Time 100 – “100 most influential people in the world”. Most of the lawyers on this list are now pursuing alternative careers as politicians, leaders or serving their nation’s government.

jery-brown-top-5-successful-lawyer

Jerry Brown 

The first person: The current Governor of california is a former Yale Law School graduate from the batch of 1964. Brown has an odd record to his name – he is one of the youngest as well as oldest person to govern the state of California.

He has been praised in his writ-up for successfully eliminating a $26 billion deficit.

Ertharin Cousin

Secondly, The the twelfth Executive Director of the United Nations World Food Programme is also a former law graduate from the University of Georgia School of Law. Cousin, with a name “a Chicagoan who helps feed the world”, commuted her work in the lower income neighborhood of Chicago.

ertharin cousin
Kirsten Gillibrand

Kirsten Gillibrand

Third, Kirsten Elizabeth Gillibrand born December 9, 1966 ,is an American lawyer and politician and a member of the Democratic Party. Moreover, she has served as the junior United States Senator from New York since 2009, and was a member of the U.S. House of Representatives from 2007 to 2009

Hillary Clinton

The 67th Secretary of State and a forerunner in the race of being The first woman president of the United States of America is a former Yale graduate. If she does go on to be President, she will not only be the most influential lawyer but also one of the most powerful person in the World.

Hillary-clinton-top-lawyer
Eric-holder-top-5-successful-lawyer

Eric Holder

Last but not least, the former Attorney General of the United States was honored by the Time 100 for his exceptional service as a lawyer.

He is a former Columbia school of law graduate. He has also worked in all the sectors of the law – from judgeship at D.C. Superior Court to working for a big law firm at Covington & Burling.

Follow us at: V Lawyer – Hotline: (+84)912933971 – Whatsapp: (+84)912933971

Top 5 books for lawyer and law student

What books should be read by a lawyer? Apart from books of law of course. There are thousands of books that can add something or the other of value to a lawyer.

And there are some books that can change your life!  In this post, V Lawyer provides for you some recommended books for lawyers and law students:

How to argue and win every time

The book is not so much about law as it is about communication. The author teaches you about compassion, understanding the perspective of any person in front of you, and how to shape your communication like a master for maximum effectiveness.

He goes into subjects like how to listen, power of credibility, understanding prejudice, how to prime someone to hear your arguments and many essential concepts that can change the way you present your arguments and even the way you see words or language itself. There are chapters on how to argue in love and relationships, and in workplace, and of course, a lot of amazing court room stories lawyers will be thrilled to read.

Never eat alone

Lawyers keep talking about how important it is to network, but most struggle to do it right. This book written by Keith Ferrazzi, a former CIO of Mckinsey & Co and currently a consultant to CXOs of Fortune 500 companies. He advises the richest people in the world professionally on how they can build better professional networks.

In this book, he tells you how to elevate networking to an art form, and eventually a way of life. Reading this book while I was still a law student had a profound impact on me. So much so that I always keep a copy of this in my bedroom, and gift this book to my most talented students when I get the opportunity.

Ferrazzi argues that we are not employed by any specific companies or not engaged by specific clients anymore. In today’s world, we are all working for our networks, and we must strive to add value to our networks. When our networks grow more powerful and successful, so do we.

Deep work

Being a lawyer is not easy. You spend the day in the court, in client meetings, and come back at night to the chambers to do the real work for the next day. Lawyers almost always burn the midnight oil. They also have to be fast learners, quick adapters and always updated about the latest law.

It is easy to be distracted, and to be shallow in a world where you are required to constantly respond to one crisis after another. How are you going to create powerful impact still on the legal industry, with the quality of your analysis, legal theory, or writing that can shape the future of the law in your area of expertise? Deep Work talks exactly about that.

It is a must read for the most ambitious lawyers and law students. The rest can skip.

One thing 

The ONE Thing is the best approach to getting what you want. We tend to want a lot of things, and sometimes we end up chasing two rabbits at the same time. Lawyers cannot afford to make that mistake. How can you aim for huge, outsize, massive achievements that sound like fantasy? You have to aim for the domino effect. That’s what this book is all about.

The mantra here is that you can achieve many things by focusing on one right thing at a time.
The writer, an ultra successful real estate maven and success coach, tells you how to build habits for success, how to set goals that actually get achieved, how to achieve more by doing less, how to set priority, how to aim for mastery and make yourself accountable, and to do the ONE thing that really matters in any given moment.

The 4 – Hour Work Week 

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich is a self-help book by Timothy Ferriss, an American writer, educational activist, and entrepreneur. Reading the Four Hour Work Week blog changed my life back in college. I consider that the most important turning point of my life.

Anyway, the book has spent more than four years on The New York Times Best Seller List, has been translated into 35 languages and has sold more than 1,350,000 copies worldwide. Lawyers needed this book the most because they are infamous for spending too much time working and too little time having fun. Learning the lessons of this book and effectively applying them can change that forever.

 

How the COVID-19 pandemic impact on law firms

Like most other businesses, law firms, too, are suffering the economic effects of COVID-19. Although many lawyers are able to work just as efficiently from their homes as they can from their offices, the impacts of COVID-19 on clients often get passed through to lawyers.

V LAWER provides the readers some noticeable examples of the law firms company in all over the world said about the impact of Covid-19 to their firms

how-the-covid-19-impact-on-the-rule-of-law

When clients begin to struggle financially, they look for ways to reduce expenditures. This includes cancelling deals, suspending ongoing projects, and seeking rate discounts from their lawyers—on what legal work remains. Some firms also have suffered from client bankruptcies. There is typically a 60-90 day period of exposure between the time when legal work is done until it is paid for. As such, each bankruptcy generally leaves law firms unable to collect fees for several months of work.

The CEO Michael Heller of Cozen O’Connor Company said that: ” The firm had asked equity partners to defer a portion of their compensation to the end of the year, between 10% and 20%”.The firm furloughed less than 5% of its administrative staff whose jobs could not be performed remotely. According to Heller, those employees will still have their benefits covered by the firm, and will eventually receive 100% of their compensation through the CARES Act. He said the firm was aiming to avoid doing any layoffs or cutting pay for lawyers and staff.

The New York City-based midsize law firm filed a WARN notice that said the coronavirus’s impact had forced it to lay off 34 people. Jeffrey Citron, a co-managing partner at the firm, said the firm laid off its secretarial and back-office staff, calling the move “purely preventative” and likening it to “playing defense” in an Apr. 14 phone call. He said the firm hopes to rehire the employees when circumstances improve.

Law Firm in Vietnam – Vlawyer  Mobile: (+84)912933971     Email: lawyervietnamese@gmail.com

Top 10 motivational quotes for becoming a global citizen

Here are a list of the best motivational & inspirational quotes about life and success that Law firm in Vietnam introduces to help boost your confidence & uplift your spirit so you believe in yourself, stay positive, keep going, and never give up . 

Becoming-a-global citizen

1. When you find your path, you must ignore fear. You need to have the courage to risk mistakes. But once you are on that road…. run, run, run and don’t stop till you’ve reached its end
Jose N.Harris

2. Soft skills get little respect, but will make or break your career
Peggy Klaus

3. One language sets you in a corridor for life. Two languages open every door along the way.
Frank Smith

4. If you don’t have any competitive advantage, don’t compete
Jack Welch

5. Own only what you can always carry with you: know languages, know countries, know people. Let your memory be your travel bag.
Alesandr I. Solzhenitsyn

6. The reality of the society that we’re in is there are thousands and thousands of people out there leading lives of quite, screaming desperation, where they work long, hard hours at jobs they hate to enable them to buy the things they don’t need to impress people they don’t like
TED

7. Always expert the worst, and you will never be disappointed
Peter Wastholm

8. The journey of a thousand miles begins with one step
Lao Tu

9. If opportunity doesn’t knock, build a door
Milton Berle

10. If you don’t like something, change it. If you can’t change it, change your attitude.
Maya Angelou

The journey to become a global citizen is very hard, keep these quotes with you to always stay with your goals  

Factors affecting the invest decision of FDI investors

The main factors that affect foreign direct investments are wages rate, labour skills, tax rates, transport and infrastructure, size of economy (potential for growth), political stability (Property rights), commodities, access to free trade areas and exchange rate..

Factors- afftecting-the-investment-decision

Wage rates

A major incentive for a multinational to invest abroad is to outsource labour intensive production to countries with lower wages. Due to the fact that wage rate has a significant effect on attracting FDI; it is possible that a country would lower it wages as a way of enticing new foreign direct investment away from other developing countries.

Labour skills

The effect of FDI on relative skilled labour demand is likely to vary across countries especially depending on relative skill abundance of the recipient economy as compared to the investor. Therefore multinationals will invest in host countries with a combination of low wages but high labour productivity and skills.

Tax rates

Tax competition for FDI is a reality in today’s global environment. Investors routinely compare tax burdens in different locations, as do policy makers with comparisons typically made across countries that are similar in terms of location and market size. Therefore large multinationals used to seek to invest in countries with lower corporation tax rates.

Transport and infrastructure

A key factor in the desirability of investment are the transport costs and levels of infrastructure. A country may have low labour costs, but if there is then high transport costs to get the goods on to the world market this is a drawback. Transport infrastructure, foreign direct investment and economic growth are co-integrated, indicating the presence of long-run equilibrium relationship between them.

Size of economy Political stability/property rights

Foreign direct investment has an element of risk. Countries with an uncertain political situation will be a major disincentive. Also economic crisis can discourage investment. And FDI related to political stability is the level of corruption and trust in institutions especially judiciary and the extent of law and order.

Exchange rate

One of the most factors affecting FDI is the exchange rate. Exchange rate movements and exchange rate uncertainty appear to be important factors investors take into consideration in their decision to invest abroad. Much of the literature on exchange rate movements and FDI concentrates on two issues: level of the exchange rate and the volatility of the exchange rate. The level of exchange rate may influence FDI because depreciation of the host country currency against the home currency increases the relative wealth of foreigners thereby increasing the attractiveness of the host country for FDI as firms are able to acquire assets in the host country relatively cheaply. Thus a depreciation of the host currency should increase FDI into the host country and conversely an appreciation of the host currency should decrease FDI.

Law firm in Vietnam

How important Vietnamese law in the business

5-main-changes-in-Amended-Law-on-Enterprises-in-Vietnam.2

Many Management students might wonder about the need to study Law. They may have joined a management programme with the dream of becoming a manager in a multinational company in which they might assume there will be teams in of lawyers in place to take care of any legal implications.

However, for all profit-driven organisations, reducing costs and increasing bottom-line profits are one of the primary considerations in the decision-making process, and if your organisation is small or has limited resources, there might not be a legal team in place.

Even for mid-sized companies, having legal teams in place to cover every eventuality may for practical purposes be out of the question. And in any case, considering the fact that most organisations these days operate multinational, legal costs can have a considerable impact on the company’s bottom line, so managers do need to have at least basic training in Law firm. 

A better understanding of legal matters also provides a manager with a framework on which a decision can be made. Indeed, knowing the rights and the protection the law can give to both an individual and a company can be vital managerial information. In today’s almost borderless business environment, understanding the organisations right employees, clients, vendors, government, etc., will go a long way to making better, more informed, and profitable business decisions.

In short, the importance of business law stretches beyond what people might assume, which involves the livelihood of the employees that work for the business. A business, as a whole, can come under heat in tough times—people can sue businesses for wrong doings, businesses can commit crimes that put them on the chopping block, and businesses can move and sell the property if they wish to relocate. Anyone of these circumstances calls for protection, aid, and help from the field of business law, and it’s important that the business owner in charge of the company is well aware of what they are, and are not, allowed to do.

Following more information in Law firm in Vietnam

EVFTA: Changing to adapt in Vietnam

EVFTA_Changing-to-adapt-in-vietnam

TEVFTA has expected to remove tariffs on many commodities and liberalized labor within our country.

Vietnam has made big changes economically and socially this year to make the most of new-generation free trade agreements and integrate into the world economy.

To benefit from the agreements, Vietnam’s exports need to meet consumer habits and tastes in quality, packaging, and design. And Vietnamese companies need to learn foreign legal, technical, and food hygiene and safety standards.

Nguyen Thi Huyen, Director of the Star Aniseed Cassia Manufacturing and Exporting Company (VINA SAMEX), said “The EU is a demanding market with strict quality standards for imported products. But it has a great potential, so we have to visit each European country and supermarkets there to study future consumer trends.”

Vietnamese enterprises have begun to adapt to technical barriers in the international market. They have assessed purchasing power, taste, market segment, and population to design appropriate business strategies in addition to restructuring their production.

Pham Van Cuong, Director General of the G.O.C Food Processing Export Company, said “It’s important to understand that exporting to the EU market will improve the company’s management capacity. My company, for example, has only two people doing logistics, but they can handle customs declarations for 4,000 containers per year without difficulty.

Law Firm in VietnamHotline: (+84)912933971 – Whatsapp: (+84)912933971