In recent years, foreign direct investment (FDI) activities in Vietnam have undergone substantial positive changes. Due to appealing investment incentives and stronger global ties, FDI capital has grown steadily over the years. Although entitled to select various forms of investment, foreign businesses still encounter hurdles, including complex procedures and market access restrictions.

Therefore, legal counsel is critical to ensure that transactions are appropriate, effective, and fully compliant with Vietnamese law. As a reputable local law firm in Vietnam, Hung Phi Law Firm is committed to navigating foreign enterprises through their business operations. 

In this post, Hung Phi Law Firm introduces Vietnam’s reliable Law Firm for foreign businesses, offering high-quality services to deliver successful outcomes.

1. Vietnam’s Reliable Law Firm for Foreign Businesses

About Hung Phi Law Firm

Hung Phi Law Firm was founded in Vietnam by Lawyer Manh Hung Phi and his colleagues, who have gained extensive experience at top-tier law firms.

As a trusted legal partner in Vietnam, we have successfully handled numerous complex cases and earned high regard from both domestic and international clients. Our firm provides comprehensive, high-quality legal services tailored to domestic enterprises and foreign investors, fostering long-term trust and providing legal certainty in every transaction.

Our lawyers possess not only expertise in the Vietnamese legal system and international treaties to which Vietnam is a party, but also a deep understanding of the Vietnamese local market and business culture. We strive to deliver practical, secure, and effective solutions that align with our clients’ commercial goals, contributing to their long-term success, growth, and sustainability.

We address all client inquiries in a thoughtful manner and deliver regular updates on case status, keeping our clients well-informed and at ease. 

2. Legal services for foreign businesses at Hung Phi Law Firm 

Legal services for foreign businesses at Hung Phi Law Firm 

2.1. Legal services for FDI activities in Vietnam

Hung Phi Law Firm is a trusted Vietnam law firm with extensive expertise in foreign direct investment (FDI). We provide comprehensive FDI legal services for foreign investors, ensuring full compliance throughout the entire investment process in Vietnam.

Our core FDI legal services include:

a. Legal advisory on FDI matters

• Vietnamese investment laws and policies;
• Investment incentives and supports;
• State policies and national guidelines regarding planned areas and investment incentives;
• Forms of investment;
• Sectors, trades and market access conditions applicable to foreign investors;
• Vietnamese legal framework for investment in sectors such as finance and banking, energy, oil and gas, infrastructure, e-commerce,…

b. Licensing and investment procedures

• Obtaining the Investment Registration Certificate (IRC) and the approval of investment guidelines.
• The establishment of 100% foreign-invested enterprises, joint ventures; investment under forms of PPP, BCC contracts, etc.
• Contributing capital or purchasing shares/ stakes in other business organizations;
• Obtaining business licenses for sectors such as trade, logistics, education, and manufacturing,…

c. Legal due diligence and M&A

• Conducting legal due diligence for mergers and acquisitions;
• Reviewing corporate, land, labor, and contractual compliance;
• Advising on transaction structures and risk mitigation measures.

2.2. Professional corporate in-house lawyers for foreign businesses operating in Vietnam

Hung Phi Law Firm is a reputable and trusted law firm in Vietnam, with key expertise in corporate law, commercial business, and contracts. Our in-house lawyers are highly experienced, possessing strong legal reasoning and excellent negotiation skills, and a deep understanding of corporate operational structure and the business culture in Vietnam. We are committed to delivering effective legal services that ensure regulatory compliance and transaction validity. 

The following are the in-house legal services for foreign businesses operating in Vietnam that Hung Phi Law Firm regularly provides:

a. In-house Legal Services for Corporate Procedures in Vietnam

Our in-house legal services focus on corporate administrative procedures, internal restructuring, and legal matters relating to labor, tax, and commercial operations arising during the management and daily business activities.

– Corporate Governance & Internal Compliance

• Providing regular legal updates on Vietnamese laws and policies;
• Advising on drafting and revising the company’s charter, internal labor regulations, and internal governance rules;
• Reviewing and standardizing internal legal documents and corporate policies;
• Advising on collective labor agreements and internal working regulations;
• Advising on disciplinary procedures and employee damage compensation matters.

– Investment, Business Registration & Licensing

• Advising on and carrying out procedures for obtaining the Investment Registration Certificate (IRC);
• Advising on and carrying out procedures for obtaining the Enterprise Registration Certificate (ERC);
• Advising on and carrying out procedures for obtaining business licenses in conditional sectors such as trade, logistics, education, manufacturing, and other regulated industries;
• Advising on investment reporting obligations and regulatory compliance for enterprises in Vietnam.

– Corporate Structure & Restructuring

• Advising on and carrying out procedures for the establishment of branches and representative offices;
• Advising on and carrying out corporate restructuring procedures, including mergers, consolidations, divisions, and separations;
• Advising on and carrying out corporate dissolution procedures.

– Capital, Shareholding & Ownership Changes

• Advising on and carrying out procedures for capital contribution;
• Advising on and carrying out procedures for transfer of shares or capital stakes;
• Advising on legal compliance related to changes in ownership structure, especially involving foreign investors.

– Tax, Customs & Commercial Compliance

• Advising on and carrying out procedures relating to tax and customs matters;
• Advising on bidding and auction procedures;
• Advising on labor and employment compliance;
• Advising on foreign exchange regulations and compliance;
• Advising on legal issues related to commercial contracts arising during business operations.

b. In-house Legal Services for Contracts and Commercial Transactions

Below is the scope of work for in-house lawyers regarding contractual matters:

– Advising on, drafting contracts, including: 

+ Business contracts;

+ Contracts for the international sales of goods;

+ Manufacturing contracts;

+ Processing contracts;

+ Business cooperation contracts (BCC);

+ Capital contribution agreements; 

+ Share/stock purchase agreements; 

+ Service contracts; 

+ Advertising contracts; 

+ Real estate lease agreements;

+ Construction contracts;

+ Other types of contracts; 

– Negotiating contract terms and conditions;

– Providing interpretation of the terms of contracts; 

– Reviewing contracts, amending unfavourable clauses;

– Participating in contract dispute resolution;

– Advising on other contractual legal issues.

2.3. Professional dispute resolution services for foreign businesses in Vietnam

During the investment process, disputes may arise within the company due to disagreements on investment plans, business strategies, or for other reasons such as a party’s breach of obligation. In these cases, skilled and dedicated lawyers play a crucial role in helping clients effectively resolve disputes either by negotiation or court proceedings.

With many years of experience in providing high-quality dispute resolution services for foreign businesses, investment lawyers at Hung Phi Law Firm assist clients with the following matters:

As for internal disputes:

• Providing legal advice and executing dispute resolution procedures between the corporate and its executives;
• Providing legal advice and executing dispute resolution procedures among shareholders/company members;
• Providing legal advice and executing dispute resolution procedures between the corporate and competent authorities.

As for other disputes:

Our lawyers will assist clients throughout the entire dispute resolution process, from the initial consultation and lawsuit filing to litigation, trial proceedings, and enforcement of judgments.

For each dispute, we will provide legal advice and execute dispute resolution procedures after determining the core issue, as well as the client’s strengths and weaknesses; we also manage the evidence gathering process and help the client build a strong case. 

During the dispute resolution process, we assist clients in accurately determining the full compensation amount (including interest, penalties, and damages) and drafting necessary legal documents, such as statements of claim, witness statements, counterclaims, and independent claims.

In litigation, we represent clients before the competent authorities and participate in court proceedings; articulate strong arguments against the opposing party to protect the client’s legitimate rights and interests.

In fact, we have successfully resolved major, complex disputes, protecting our clients’ legitimate rights and preventing avoidable financial damage.

>>SEE ALSO:

PROFESSIONAL CORPORATE IN-HOUSE LAWYERS IN VIETNAM

3. Legal service delivery process at Hung Phi Law Firm

Legal service delivery process at Hung Phi Law Firm

Our legal service delivery process is designed to ensure efficiency, transparency, and compliance throughout each engagement. The process includes the following steps:

Step 1: Receiving client information and requests

Clients can contact us through one of these methods:

• Visit our office at the following address: No. 15, Truong Phuoc Phan Street, Binh Tri Dong Ward, Ho Chi Minh City, Vietnam.
• Contact us via our hotline: (+84) 962 75 28 38
• Email us at: luathungphi@gmail.com

Our team will promptly review the inquiry and identify the client’s specific legal needs.

Step 2: Initial Legal Consultation

Our lawyers provide an initial consultation to advise on applicable legal procedures and potential resolution strategies, while addressing all client questions in a clear and practical manner.

Step 3: Service quotation

Based on the nature of the matter and the client’s requirements, Hung Phi Law Firm will prepare a customized legal service quotation.

Step 4: Signing the legal service contract

Once the service quotation and scope of work are agreed upon, the client and Hung Phi Law Firm will sign the legal service contract.

Step 5: Service Execution

Following contract execution, our lawyers will conduct an in-depth review of the case and implement the agreed legal services to achieve the best possible outcome for the client.

4. Why clients choose and trust Hung Phi Law Firm

Why clients choose and trust Hung Phi Law Firm

4.1. Highly Skilled and Experienced Lawyers

The lawyers at Hung Phi Law Firm possess in-depth expertise and a broad knowledge base in laws relating to investment, enterprise, tax, and customs. With extensive experience in advising on complex and cross-border investment matters, our lawyers handle clients’ legal requests with professionalism, accuracy, and efficiency.

4.2. Reasonable and Transparent Legal Fees

Clients are clearly and transparently informed of legal service fees for each matter. Hung Phi Law Firm offers reasonable pricing and flexible payment arrangements to accommodate clients’ financial needs, ensuring peace of mind throughout the engagement.

We guarantee that no additional costs will arise beyond those agreed upon in the legal service contract.

4.3. Commitment to client information confidentiality

All client information is guaranteed to be fully confidential by Hung Phi Law Firm. Hung Phi Law Firm will not disclose any information to any third party without the client’s explicit consent. 

4.4. Professional and Client-Focused Service

At Hung Phi Law Firm, we are fully committed to delivering professional and attentive legal services. We strive to ensure that clients feel confident, satisfied, and secure, knowing that their legal matters are handled with the highest standards of professionalism and efficiency.

5. Frequently asked questions

5.1. Our company is based in Canada. Can we hire a foreign investment lawyer from Hung Phi Law Firm to advise us on our upcoming investment activities in Vietnam?

Yes. Hung Phi Law Firm specializes in providing legal services for foreign enterprises. We offer comprehensive and in-depth solutions to help our clients carry out their work safely and efficiently.

Our lawyers can work remotely, exchange documents, and execute legal service contracts through online communication platforms such as email, WhatsApp, Google Meet, and electronic contracts.

5.2. How much does it cost to use legal services for foreign businesses at Hung Phi Law Firm?

We will determine the lawyer’s fee based on the documents, records, materials, and the nature of each specific case to ensure a suitable charge. Please contact us directly to receive the best quotation for your situation.

5.3. Does Hung Phi Law Firm offer after-hours services?

Yes. To accommodate our clients’ needs and schedules, we can arrange consultations outside regular business hours or on weekends (by prior appointment).

5.4. What are the forms of investment for foreign businesses in Vietnam?

According to Article 21 of Vietnam’s Law on Investment 2020, the forms of investment include:

– Investment in establishment of a business organization.

– Investment in the form of capital contribution or purchase of shares or stakes.

– Execution of an investment project.

– Investment in the form of a business cooperation contract (BCC).

– New forms of investment and types of business organizations prescribed by the Government’s regulations.

The above are the information regarding Vietnam’s Reliable Law Firm for Foreign Businesses that Hung Phi Law Firm sends to our Clients. Should you have any questions concerning this matter, or require legal advice for your specific case or incident, please do not hesitate to contact the lawyers of Hung Phi Law Firm today for our timely support and consultation.

Contact Information:

Hung Phi Law Firm

Phone: (+84) 962 75 28 38

Email: luathungphi@gmail.com

Website: hungphi.vn

Sincerely,