Reminder: New laws commencing in 2021 for Vietnamese businesses.

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Reminder: New laws commencing in 2021 for Vietnamese businesses

A number of new Laws take effect on 1 January 2021 in Vietnam, and all businesses operating in Vietnam should understand the implications on their businesses of these laws. Key laws include:

  • Law on Investment 2019 (Law 61/202/QH14) takes effect from 1 January 2021 and replaces the Law on Investment 2014
  • Law on Enterprises 2019 (Law 59/202/QH14) takes effect from 1 January 2021 and replaces the Law on Enterprises 2014
  • Labour Law 2019 (Law 45/2019/QH14) takes effect from 1 January 2021 and replaces the Labour Law 2012

Further information regarding the changes to Investment and Enterprise Laws can be read right here, here and information on changes to the Labour Law can be read here.

Please contact Acclime Vietnam to discuss how these Laws can impact your business.

Matthew Lourey, Managing Partner – m.lourey@acclime.com

Kevin Lam, Partner – k.lam@acclime.com

Betty Gervasini, Partner – b.gervasini@acclime.com

Last updated on December 29, 2020

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