Thinking of opening a restaurant in Vietnam? Great choice! The F&B scene is booming, but there are some regulations to navigate. Here's a quick rundown: Food Safety & Hygiene: Make sure you understand food handling, storage, and prep regulations. Don't forget about restaurant design for sanitation. For a successful venture, plan ahead and comply with the regulations!

Having ideas of entering the Vietnamese market but unsure where to start? Establishing a Representative Office (RO) might be a great first step!

Here's a quick look on ROs in Vietnam:

Pros:

- Simpler setup process compared to full-fledged companies

- No need for initial capital contribution

- Exempt from some taxes and reports

- Ideal for market research and initial groundwork

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ROs are suitable for companies in the early stages of exploring the Vietnamese market.

In commercial transactions, the sale of goods contracts is a cornerstone that defines the rights, obligations, and expectations of the parties involved.

Here are key clauses that demand attention:

1. Description of Goods

2. Price and Payment Terms

3. Delivery Terms

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Meticulous drafting of these clauses is paramount to fostering a mutually beneficial and harmonious commercial relationship.

Remember, it’s crucial to engage in thorough due diligence and seek professional legal counsel to craft comprehensive goods sales contracts.

As the fiscal year draws to a close, it's time to reflect on your financial journey and prepare for profit remittance. Here's a quick guide to help investors navigate this process with confidence and clarity:

Calculate your profits and decide on the remittance time.

Fulfill all pertinent commitments.

Notify the tax authority of your profit remittance.

Proceed with the banks and remit to your overseas accounts.

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Stay informed and navigate the complexities of international business with ease!

#ProfitRemittance #ForeignInvestors #InternationalBusiness #FinancialYearEnd

Protect Your Business for Less! You'll get:

• Essential legal templates: Contracts, NDAs, policies, and more - all pre-drafted and ready to customize.

• Expert review and feedback: Our legal pros will give your documents a thorough once-over to ensure they're airtight.

• Peace of mind knowing: Your business is shielded from potential risks and liabilities.

• Protecting Your Secrets: 10 Key Elements of Non-Disclosure Agreements (NDAs)

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P.S. Share this post with your fellow business owners - let's all secure our success together!#flashsale #businesssavings #legalprotection #peaceofmind #limitedtimeoffer

The CPTPP Agreement has been a game-changer for Vietnamese exports. After nearly 5 years, we’re seeing impressive growth in turnover.

By 2030, our exports to CPTPP countries are projected to soar from $54 billion to an astounding $80 billion, making up a quarter of our total exports.

Our key export products have shown remarkable growth in 2022, with textiles leading the way with a 185.2% increase! What’s more, our trade surplus from CPTPP countries reached $2.63 billion this year, a significant turnaround from the $74.5 million deficit in 2021.....