What legal matters should be considered before starting a business in Vietnam? This article is about sharing some necessary information for Startup founders to answer such question. Business registration Business registration is one of the basic, necessary and important steps if founders want to run a long-term business. The legitimate establishment would protect the startup’s legal...
Is your startup considering granting equity to the employees for promoting their commitments to the startup? If yes, you should know about 02 different schemes to do it which are an employee share scheme (ESS) and an employee share option plan (ESOP). But which scheme is best for your startup? An ESOP or an ESS?...
Preliminary Environmental Impact Assessment (“PEIA”) is an essential document for licensing new investment projects in Vietnam. In an investment licensing procedure, the PEIA shall be submitted in the application for (i) issuance of an investment in-principle approval (“IIA“), or (ii) issuance of an investment registration certificate (“IRC”) in case the IIA is not required. The competent...
Possibility to amend and supplement the wind power purchase agreement According to Vietnam’s current regulations, the power purchase agreement of a wind power project (“WPPA”) must materially comply with the Standardized Power Purchase Agreement issued under Circular 02/2019/TT-BCT (“Standardized PPA”). While applying the Standardized PPA, the investor (as the Seller) and Vietnam Electricity Corporation (EVN)...
