Contracts are central to risk management — but in Vietnam, their effectiveness depends heavily on how they are structured and enforced . ------------------------------- Contracts Must Align with Vietnamese Law Foreign investors often use templates governed by foreign law. While Vietnam recognizes freedom of contract, certain matters are: Subject to mandatory local law Invalid if they conflict with statutory provisions A contract that looks strong on paper may be partially unenforceable in...

For many foreign businesses entering Vietnam, recruitment is often seen as one of the easier steps in market entry. Vietnam offers a young, skilled workforce, competitive labor costs, and a growing talent pool. From a legal perspective, however, employment law is one of the areas where foreign investors most frequently underestimate long-term risk . Vietnam’s labor regime is employee-protective by design. While hiring is relatively flexible, termination is tightly regulated and procedurally...

For many foreign businesses entering Vietnam, tax and accounting are initially viewed as operational matters — something to be handled after incorporation, once the business is up and running. From a legal and regulatory perspective, this is one of the most common — and costly — misjudgments. In Vietnam, tax and accounting are not simply about reporting past activities. They are a core part of how authorities assess substance, compliance, and legitimacy . -------------------------------...