Construction Projects in Vietnam (17 pages)

Construction Projects in Vietnam (17 pages)

Approx. reading time: 2 minutes

 

Table of Contents

 

1. Executive Summary……………………………………………………………………………………….1
2. Legal Framework ………………………………………………………………………………………….1
2.1 Applicable Law and Contract Type ………………………………………………………………1
2.1.1 Law governing Construction Projects………………………………………………………..1
2.1.1.1 Operating Licence for Construction (OLC) ……………………………………………..2
2.1.1.2 Project Management Office (PMO) ………………………………………………………..3
2.1.2 Use of International Standard Agreements………………………………………………4
2.1.3 Government Contracts …………………………………………………………………………….4
2.1.4 Consortium………………………………………………………………………………………………5
2.1.5 Joint Venture ……………………………………………………………………………………………5
2.2 Taxation…………………………………………………………………………………………………….. 5
2.2.1 Foreign Contractor Withholding Tax ………………………………………………………..5
2.2.2 Personal Income Tax………………………………………………………………………………..7
2.3 Establishing a Legal Presence in Vietnam………………………………………………….. 8
2.3.1 Representative Office…………………………………………………………………………….. 8
2.3.2 Branch……………………………………………………………………………………………………. 8
2.3.3 Limited Liability Company ……………………………………………………………………… 8
2.4 Labor, Work Permit and Visa……………………………………………………………………… 9
2.4.1 Labor Law…………………………………………………………………………………………………9
2.4.2 Work Permit and Visa ………………………………………………………………………………9
2.4.2.1 Work Permit…………………………………………………………………………………………..9
2.4.2.2 Visa ……………………………………………………………………………………………………….9
2.5 Dispute Resolution…………………………………………………………………………………….10
2.5.1 State Courts……………………………………………………………………………………………10
2.5.2 Arbitration………………………………………………………………………………………………11
2.5.3 Enforceability of State Court Decisions and Arbitral Awards ………………….12
2.5.3.1 Enforceability of State Court Decisions ……………………………………………….12
2.5.3.2 Enforceability of Arbitral Awards………………………………………………………….12
3. General information ……………………………………………………………………………………13
4. Disclaimer……………………………………………………………………………………………………13

 

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