The document discusses the EU-Vietnam Free Trade Agreement (EVFTA) and its impact on EU-Vietnam trade relations. It provides an overview of Vietnam's economy, details of the EVFTA including coverage, opportunities and challenges for certain sectors, and comparisons of market access commitments in the WTO, ASEAN Economic Community (AEC), and EVFTA. The EVFTA will eliminate nearly all tariffs between the EU and Vietnam over 10 years and facilitate greater trade and investment flows. Vietnam's economy has grown significantly in recent years and the EVFTA could support continued growth and integration into global markets.
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveDr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC providing an overview of investing in Vietnam. It discusses why Vietnam is an attractive investment destination due to its strong economic growth rates and integration into regional and international trade agreements. Several key points are made about Vietnam's economy in 2015, its transition from a rice importer to exporter, and projected growth rates. The benefits of trade agreements such as the ASEAN Economic Community, EU-Vietnam Free Trade Agreement, and Trans-Pacific Partnership for Vietnam and foreign investors are also summarized.
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin AnalysisDr. Oliver Massmann
The document discusses rules of origin (RoO) under the Trans-Pacific Partnership (TPP) agreement and how they differ from the RoO in the EU-Vietnam Free Trade Agreement (EVFTA). RoO in the TPP are predominantly based on specified shifts in tariff classification, regional value content, and production stages. Most tariffs on textiles and apparel will be eliminated under the TPP, though some sensitive products will have longer phase-out periods. For footwear, the TPP provides more flexible RoO than for textiles, allowing sourcing from anywhere in the TPP with some exceptions. The EVFTA uses a "fabric-forward" rule for textiles compared to the "yarn-
HOW CAN EUROPEAN BUSINESSES BENEFIT FROM THE EU- VIETNAM FREE TRADE AGREEMENT? Dr. Oliver Massmann
This document discusses the benefits of the EU-Vietnam Free Trade Agreement (EVFTA) for European and Vietnamese businesses. It provides an overview of Vietnam's economy in 2016 and the progress of EVFTA negotiations. Key points include that EVFTA will eliminate nearly all tariffs between the EU and Vietnam over 7-10 years, improve market access for goods and services, and establish rules for investment protection and dispute resolution. The agreement has the potential to significantly increase bilateral trade and investment by creating more opportunities in sectors like automotive, pharmaceuticals, alcoholic beverages, and others. Challenges include rising competition and reducing tariffs that impact government revenue.
The document provides background information on the ASEAN-China Free Trade Agreement (ACFTA), the largest free trade agreement in the world. It discusses key details of the agreement such as tariff reductions, rules of origin, sensitive goods lists, and the dispute settlement mechanism. The document is intended to help businesses understand how to qualify for tariff preferences under the agreement and leverage the new market access opportunities between ASEAN countries and China.
VIETNAM’S BUSINESS ENVIRONMENT - Investment opportunities and challenges for...Dr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC about investing in Vietnam. It provides an overview of Vietnam's economy, recent trade agreements including the EU-Vietnam Free Trade Agreement and TPP, and the business environment and investment opportunities in Vietnam. Key points covered include Vietnam's GDP growth, trade relations, incentives for foreign investment, and reduced restrictions on foreign ownership under new laws. Overall, the presentation aims to promote investing in Vietnam by outlining the country's economic reforms and integration into regional and global trade.
VIETNAMESE MARKET ANALYSIS Practical and Legal PerspectiveDr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC providing an overview of investing in Vietnam. It discusses why Vietnam is an attractive investment destination due to its strong economic growth rates and integration into regional and international trade agreements. Several key points are made about Vietnam's economy in 2015, its transition from a rice importer to exporter, and projected growth rates. The benefits of trade agreements such as the ASEAN Economic Community, EU-Vietnam Free Trade Agreement, and Trans-Pacific Partnership for Vietnam and foreign investors are also summarized.
Lawyer in Vietnam Oliver Massmann TPP and EUVN FTA Rules of Origin AnalysisDr. Oliver Massmann
The document discusses rules of origin (RoO) under the Trans-Pacific Partnership (TPP) agreement and how they differ from the RoO in the EU-Vietnam Free Trade Agreement (EVFTA). RoO in the TPP are predominantly based on specified shifts in tariff classification, regional value content, and production stages. Most tariffs on textiles and apparel will be eliminated under the TPP, though some sensitive products will have longer phase-out periods. For footwear, the TPP provides more flexible RoO than for textiles, allowing sourcing from anywhere in the TPP with some exceptions. The EVFTA uses a "fabric-forward" rule for textiles compared to the "yarn-
HOW CAN EUROPEAN BUSINESSES BENEFIT FROM THE EU- VIETNAM FREE TRADE AGREEMENT? Dr. Oliver Massmann
This document discusses the benefits of the EU-Vietnam Free Trade Agreement (EVFTA) for European and Vietnamese businesses. It provides an overview of Vietnam's economy in 2016 and the progress of EVFTA negotiations. Key points include that EVFTA will eliminate nearly all tariffs between the EU and Vietnam over 7-10 years, improve market access for goods and services, and establish rules for investment protection and dispute resolution. The agreement has the potential to significantly increase bilateral trade and investment by creating more opportunities in sectors like automotive, pharmaceuticals, alcoholic beverages, and others. Challenges include rising competition and reducing tariffs that impact government revenue.
The document provides background information on the ASEAN-China Free Trade Agreement (ACFTA), the largest free trade agreement in the world. It discusses key details of the agreement such as tariff reductions, rules of origin, sensitive goods lists, and the dispute settlement mechanism. The document is intended to help businesses understand how to qualify for tariff preferences under the agreement and leverage the new market access opportunities between ASEAN countries and China.
VIETNAM’S BUSINESS ENVIRONMENT - Investment opportunities and challenges for...Dr. Oliver Massmann
The document is a presentation by Oliver Massmann of Duane Morris Vietnam LLC about investing in Vietnam. It provides an overview of Vietnam's economy, recent trade agreements including the EU-Vietnam Free Trade Agreement and TPP, and the business environment and investment opportunities in Vietnam. Key points covered include Vietnam's GDP growth, trade relations, incentives for foreign investment, and reduced restrictions on foreign ownership under new laws. Overall, the presentation aims to promote investing in Vietnam by outlining the country's economic reforms and integration into regional and global trade.
The document discusses investment opportunities in Vietnam. It provides an overview of Vietnam's economy and growth rates in recent years. Vietnam has pursued many free trade agreements that have reduced restrictions and opened its markets. This integration into regional and global trade, combined with a young workforce and growing middle class, make Vietnam an attractive investment destination according to the document.
The document discusses compliance issues that companies operating in Vietnam may face. It begins by outlining some of the key compliance areas such as competition law, employment law, anti-corruption laws, and highlights anti-corruption as the focus. It then provides details on whistleblower protections and how companies should handle whistleblower reports, including gathering evidence and potentially notifying authorities. Lastly, it discusses two specific compliance issues related to the case: price-fixing under competition law and bribery under anti-corruption laws.
Vietnam - New Investment Law, The TPP, AEC, EVFTA and Star Trek: Scotti: Bea...Dr. Oliver Massmann
This document provides an overview of Vietnam's new investment law and the opportunities presented by various trade agreements including the ASEAN Economic Community (AEC), the EU-Vietnam Free Trade Agreement (EVFTA), and the Trans-Pacific Partnership (TPP). Key points include simplifying investment procedures, liberalizing certain sectors, increasing market access through tariff reductions and services commitments, and establishing investor-state dispute settlement mechanisms.
The document discusses investment opportunities in Vietnam's real estate sector. It notes that Vietnam has a rapidly growing economy and population that is urbanizing quickly, creating significant demand for residential and commercial real estate. Recent trade agreements are expected to further boost foreign investment in Vietnam and the real estate sector. The document advises that now is an opportune time for investors to invest in Vietnam's real estate market before competition increases.
The document discusses M&A and capital market development in Vietnam. It provides an overview of M&A and FDI trends in Vietnam, noting increasing M&A deal values in recent years. It also identifies some impediments in Vietnam's investment environment like inconsistent regulations. Looking forward, the document predicts continued growth in Vietnam's economy and M&A/capital markets, driven by international trade agreements and reforms. Banking, real estate, and consumer goods are sectors expected to see ongoing M&A activity in the coming years.
Lawyer in Vietnam Oliver Massmann Impact of WTO Accession - An analysisDr. Oliver Massmann
The document discusses the impact of Vietnam's accession to the WTO in several key areas:
1. The economy experienced both opportunities in the form of increased trade and investment, as well as challenges in adapting industries to greater competition.
2. Specific industries like agriculture, manufacturing, and services underwent shifts towards higher technology and quality in order to compete internationally.
3. Socially, the accession created jobs but also increased inequality as some groups had more difficulty adapting to changes. Appropriate government policies helped address issues.
4. Compliance with WTO commitments and international trade law became important factors in Vietnam's policymaking and economic integration onto the global stage.
The document discusses investing in Vietnam's chemical industry. It notes that Vietnam has integrated into regional and international economies through various free trade agreements. The chemical industry in Vietnam has experienced high growth rates in recent years but also faces challenges. There are some conditions for investing in the chemical sector, including requirements for technical directors and safety standards. The presentation provides an overview of Vietnam's economic growth and integration efforts to promote it as an attractive destination for chemical industry investments.
Lawyer in Vietnam Oliver Massmann Lifting Foreign Ownership Limits in Public ...Dr. Oliver Massmann
The document discusses Vietnam scrapping foreign ownership limits in investments. Key points:
- Decree 60/2015 lifts foreign equity caps in publicly traded companies, allowing up to 100% foreign ownership. Previously, caps ranged from 30-49% depending on the sector.
- This removes a major restriction and opens more opportunities for foreign private equity investors to acquire majority stakes. It could enhance market liquidity and the privatization of state-owned enterprises.
- Implementation has begun for securities companies but guidance is still needed for other conditional sectors. Overall foreign ownership is still determined based on the sector and Vietnam's international treaties.
- Lifting caps is positive but limited state-owned enterprise stakes and lack
Myanmar - Legal and Tax Structure of Major Construction ProjectsDr. Oliver Massmann
This document discusses legal and tax structures for major construction projects in Myanmar. It provides an overview of land ownership types in Myanmar including freehold, grant land, and government leases. It also discusses licensing requirements for joint ventures, construction permits, and environmental impact assessments. Key terms for government leases and potential problem areas in construction contracts under Myanmar law are outlined. The document uses a case study of a construction company to illustrate investment licensing, procurement, and service fee structures.
Lawyer in Myanmar Dr. Oliver Massmann Investing and Financing Power Projects ...Dr. Oliver Massmann
The document discusses Myanmar's solar market. It provides an overview of Myanmar's solar potential and current state, with 34% of people having access to electricity. It then answers 10 questions on financing solar projects in Myanmar, including how projects currently obtain financing, what types of contracts are available, expected returns, how to engage local banks and multilaterals, who provides early stage development, and how institutional investors and private equity may enter the market in the future.
Investment Opportunities and Challenges in Vietnam and MyanmarDr. Oliver Massmann
This document discusses investment opportunities and challenges in Vietnam and Myanmar. It begins with an agenda that includes why and how to invest in Vietnam and Myanmar, upcoming key opportunities and sectors, and changes to Vietnam's investment environment. The document then provides details on Vietnam's growing economy and middle class. It discusses Vietnam's integration in regional and international agreements like the TPP, ASEAN, and EU agreements. The document outlines Vietnam's investment procedures, incentives, taxes, and labor laws. It concludes with a brief section on investing and doing business in Myanmar.
The document discusses new regulations in Vietnam regarding foreign employment. Key changes include requiring an annual plan for foreign hiring to be approved by provincial authorities, limiting work permits to a maximum of two years with no extensions, and mandating that work permits are now required even for short-term jobs under three months. It provides details on application procedures and documentation required for first-time work permits and reissuances. The presentation recommends having a thorough understanding of Vietnam's labor laws and awareness that practices may differ between local labor authorities.
IMPORTANCE OF THE ANTI MONEY LAUNDERING COMPLIANCE FUNCTIONDr. Oliver Massmann
Duane Morris is an international law firm with offices around the world including Vietnam. The presentation discusses money laundering risks and regulations in Vietnam. It notes Vietnam's growing economy and wealthy population present risks of money laundering. Vietnam's anti-money laundering laws require firms to establish know-your-customer procedures, record and report suspicious transactions, and provide staff training. However, enforcement remains weak with no prosecutions to date and limited penalties. The presentation recommends businesses adopt a risk-based approach and internal policies to mitigate financial crime risks.
Lawyer in Vietnam Dr. Oliver Massmann - DOING BUSINESS IN VIETNAM - What in-h...Dr. Oliver Massmann
The document provides an overview of doing business in Vietnam presented by Dr. Oliver Massmann of Duane Morris Vietnam LLC. It discusses Vietnam's strong economic growth, integration into regional trade agreements, attractive investment environment including tax incentives, and labor market. Specific topics covered include Vietnam's GDP, exports, free trade agreements like CPTPP and EVFTA, sectors seeing foreign investment, procedures for investment and M&A, and taxation. The presentation encourages investors to take advantage of opportunities in Vietnam.
Lawyer in Vietnam Dr Oliver Massmann Vietnam on a new course with EuropeDr. Oliver Massmann
The document summarizes key points from a presentation about the EU-Vietnam Free Trade Agreement (EVFTA) and its impact on market access for European companies in Vietnam. Specifically, it provides an overview of Vietnam's economy, details of the EVFTA and Investment Protection Agreement, comparisons of market access commitments in sectors like distribution, transport, securities and telecommunications, opportunities and challenges in automotive, pharmaceuticals and alcohol, and considerations for doing business and investing in Vietnam.
The document discusses investment opportunities in Vietnam. It provides an overview of Vietnam's economy and growth rates in recent years. Vietnam has pursued many free trade agreements that have reduced restrictions and opened its markets. This integration into regional and global trade, combined with a young workforce and growing middle class, make Vietnam an attractive investment destination according to the document.
The document discusses compliance issues that companies operating in Vietnam may face. It begins by outlining some of the key compliance areas such as competition law, employment law, anti-corruption laws, and highlights anti-corruption as the focus. It then provides details on whistleblower protections and how companies should handle whistleblower reports, including gathering evidence and potentially notifying authorities. Lastly, it discusses two specific compliance issues related to the case: price-fixing under competition law and bribery under anti-corruption laws.
Vietnam - New Investment Law, The TPP, AEC, EVFTA and Star Trek: Scotti: Bea...Dr. Oliver Massmann
This document provides an overview of Vietnam's new investment law and the opportunities presented by various trade agreements including the ASEAN Economic Community (AEC), the EU-Vietnam Free Trade Agreement (EVFTA), and the Trans-Pacific Partnership (TPP). Key points include simplifying investment procedures, liberalizing certain sectors, increasing market access through tariff reductions and services commitments, and establishing investor-state dispute settlement mechanisms.
The document discusses investment opportunities in Vietnam's real estate sector. It notes that Vietnam has a rapidly growing economy and population that is urbanizing quickly, creating significant demand for residential and commercial real estate. Recent trade agreements are expected to further boost foreign investment in Vietnam and the real estate sector. The document advises that now is an opportune time for investors to invest in Vietnam's real estate market before competition increases.
The document discusses M&A and capital market development in Vietnam. It provides an overview of M&A and FDI trends in Vietnam, noting increasing M&A deal values in recent years. It also identifies some impediments in Vietnam's investment environment like inconsistent regulations. Looking forward, the document predicts continued growth in Vietnam's economy and M&A/capital markets, driven by international trade agreements and reforms. Banking, real estate, and consumer goods are sectors expected to see ongoing M&A activity in the coming years.
Lawyer in Vietnam Oliver Massmann Impact of WTO Accession - An analysisDr. Oliver Massmann
The document discusses the impact of Vietnam's accession to the WTO in several key areas:
1. The economy experienced both opportunities in the form of increased trade and investment, as well as challenges in adapting industries to greater competition.
2. Specific industries like agriculture, manufacturing, and services underwent shifts towards higher technology and quality in order to compete internationally.
3. Socially, the accession created jobs but also increased inequality as some groups had more difficulty adapting to changes. Appropriate government policies helped address issues.
4. Compliance with WTO commitments and international trade law became important factors in Vietnam's policymaking and economic integration onto the global stage.
The document discusses investing in Vietnam's chemical industry. It notes that Vietnam has integrated into regional and international economies through various free trade agreements. The chemical industry in Vietnam has experienced high growth rates in recent years but also faces challenges. There are some conditions for investing in the chemical sector, including requirements for technical directors and safety standards. The presentation provides an overview of Vietnam's economic growth and integration efforts to promote it as an attractive destination for chemical industry investments.
Lawyer in Vietnam Oliver Massmann Lifting Foreign Ownership Limits in Public ...Dr. Oliver Massmann
The document discusses Vietnam scrapping foreign ownership limits in investments. Key points:
- Decree 60/2015 lifts foreign equity caps in publicly traded companies, allowing up to 100% foreign ownership. Previously, caps ranged from 30-49% depending on the sector.
- This removes a major restriction and opens more opportunities for foreign private equity investors to acquire majority stakes. It could enhance market liquidity and the privatization of state-owned enterprises.
- Implementation has begun for securities companies but guidance is still needed for other conditional sectors. Overall foreign ownership is still determined based on the sector and Vietnam's international treaties.
- Lifting caps is positive but limited state-owned enterprise stakes and lack
Myanmar - Legal and Tax Structure of Major Construction ProjectsDr. Oliver Massmann
This document discusses legal and tax structures for major construction projects in Myanmar. It provides an overview of land ownership types in Myanmar including freehold, grant land, and government leases. It also discusses licensing requirements for joint ventures, construction permits, and environmental impact assessments. Key terms for government leases and potential problem areas in construction contracts under Myanmar law are outlined. The document uses a case study of a construction company to illustrate investment licensing, procurement, and service fee structures.
Lawyer in Myanmar Dr. Oliver Massmann Investing and Financing Power Projects ...Dr. Oliver Massmann
The document discusses Myanmar's solar market. It provides an overview of Myanmar's solar potential and current state, with 34% of people having access to electricity. It then answers 10 questions on financing solar projects in Myanmar, including how projects currently obtain financing, what types of contracts are available, expected returns, how to engage local banks and multilaterals, who provides early stage development, and how institutional investors and private equity may enter the market in the future.
Investment Opportunities and Challenges in Vietnam and MyanmarDr. Oliver Massmann
This document discusses investment opportunities and challenges in Vietnam and Myanmar. It begins with an agenda that includes why and how to invest in Vietnam and Myanmar, upcoming key opportunities and sectors, and changes to Vietnam's investment environment. The document then provides details on Vietnam's growing economy and middle class. It discusses Vietnam's integration in regional and international agreements like the TPP, ASEAN, and EU agreements. The document outlines Vietnam's investment procedures, incentives, taxes, and labor laws. It concludes with a brief section on investing and doing business in Myanmar.
The document discusses new regulations in Vietnam regarding foreign employment. Key changes include requiring an annual plan for foreign hiring to be approved by provincial authorities, limiting work permits to a maximum of two years with no extensions, and mandating that work permits are now required even for short-term jobs under three months. It provides details on application procedures and documentation required for first-time work permits and reissuances. The presentation recommends having a thorough understanding of Vietnam's labor laws and awareness that practices may differ between local labor authorities.
IMPORTANCE OF THE ANTI MONEY LAUNDERING COMPLIANCE FUNCTIONDr. Oliver Massmann
Duane Morris is an international law firm with offices around the world including Vietnam. The presentation discusses money laundering risks and regulations in Vietnam. It notes Vietnam's growing economy and wealthy population present risks of money laundering. Vietnam's anti-money laundering laws require firms to establish know-your-customer procedures, record and report suspicious transactions, and provide staff training. However, enforcement remains weak with no prosecutions to date and limited penalties. The presentation recommends businesses adopt a risk-based approach and internal policies to mitigate financial crime risks.
Lawyer in Vietnam Dr. Oliver Massmann - DOING BUSINESS IN VIETNAM - What in-h...Dr. Oliver Massmann
The document provides an overview of doing business in Vietnam presented by Dr. Oliver Massmann of Duane Morris Vietnam LLC. It discusses Vietnam's strong economic growth, integration into regional trade agreements, attractive investment environment including tax incentives, and labor market. Specific topics covered include Vietnam's GDP, exports, free trade agreements like CPTPP and EVFTA, sectors seeing foreign investment, procedures for investment and M&A, and taxation. The presentation encourages investors to take advantage of opportunities in Vietnam.
Lawyer in Vietnam Dr Oliver Massmann Vietnam on a new course with EuropeDr. Oliver Massmann
The document summarizes key points from a presentation about the EU-Vietnam Free Trade Agreement (EVFTA) and its impact on market access for European companies in Vietnam. Specifically, it provides an overview of Vietnam's economy, details of the EVFTA and Investment Protection Agreement, comparisons of market access commitments in sectors like distribution, transport, securities and telecommunications, opportunities and challenges in automotive, pharmaceuticals and alcohol, and considerations for doing business and investing in Vietnam.
INVESTMENT OPPORTUNITIES AND CHALLENGES IN VIETNAM AND MYANMARDr. Oliver Massmann
The document discusses investment opportunities and challenges in Vietnam and Myanmar. It provides an overview of the economies and business environments of both countries, highlighting sectors with strong investment potential such as agriculture, manufacturing, and tourism. Challenges include developing infrastructure and a skilled workforce. The document also outlines the key trade agreements and incentives available to foreign investors in Vietnam and Myanmar.
LAWYER IN VIETNAM DR.OLIVER MASSMANN - OUTLINING DOMESTIC AND INTERNATIONAL L...Dr. Oliver Massmann
LAWYER IN VIETNAM DR.OLIVER MASSMANN - OUTLINING DOMESTIC AND INTERNATIONAL LEGISLATION (EU – VIETNAM FTA AND CPTPP) AND BUSINESS ENVIRONMENT FOR SEAPORT DEVELOPMENT AND OPERATIONS IN VIETNAM
LAWYER IN VIETNAM DR.OLIVER MASSMAN - DOING BUSINESS IN VIETNAMTHE EU-VIETNA...Dr. Oliver Massmann
LAWYER IN VIETNAM DR.OLIVER MASSMAN - DOING BUSINESS IN VIETNAMTHE EU-VIETNAM FREE TRADE AGREEMENT AND INVESTMENT PROTECTION AGREEMENT – WHAT YOU MUST KNOW
LAWYER IN VIETNAM OLIVER MASSMANN VIETNAM M&A IN 2016 AND 2017 OUTLOOKDr. Oliver Massmann
This document summarizes Oliver Massmann's presentation on M&A trends in Vietnam in 2016 and the outlook for 2017. Some key points from the presentation include:
- Major foreign investors in Vietnamese M&A deals in 2016 came from Thailand, Japan, Korea, the US and Europe as they prepared for new trade agreements.
- Retail and real estate were the most active sectors in terms of deal value. Notable M&A deals included Central Group's acquisition of Big C Vietnam and TTC Holdings' acquisition of Metro Vietnam.
- Drivers of M&A activity in Vietnam in 2016 included the new Investment Law, Enterprise Law and implementing decrees which simplified procedures, as well as new trade agreements like the
The document discusses mergers and acquisitions (M&A) in Vietnam. It provides an overview of Vietnam's strong economic growth and increasing foreign investment. Major M&A trends in Vietnam in recent years are highlighted, with the value of M&A deals reaching $10.4 billion in the first nine months of 2019. The document also outlines Vietnam's legal framework for M&A transactions and considerations for foreign investors conducting deals in Vietnam.
Lawyer in Vietnam Oliver Massmann Flat World Opportunities for Vietnamese Ent...Dr. Oliver Massmann
The document discusses opportunities for Vietnamese enterprises from increased economic integration through trade agreements like the ASEAN Economic Community (AEC), the EU-Vietnam Free Trade Agreement (EVFTA), and the Trans-Pacific Partnership (TPP). It notes that these agreements could significantly increase Vietnam's GDP and exports by reducing tariffs. The document provides advice to Vietnamese enterprises on how to attract investors and maximize the benefits from these new market access opportunities, such as building an international brand, proving potential success, and maintaining trust and credibility.
Lawyer in Vietnam & Myanmar Dr. Oliver Massmann - Alternative Dispute Resolut...Dr. Oliver Massmann
Lawyer in Vietnam & Myanmar Dr. Oliver Massmann - Alternative Dispute Resolution in Vietnam AND MYANMAR — THE PRESENT— THE FUTURE — THE GOLDEN RULE what you must know
Lawyer in Vietnam Dr. Oliver Massmann ASEAN AFTER CPTPP - Vietnam FocusDr. Oliver Massmann
The document discusses the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement and its implications for Vietnam. It notes that CPTPP will provide Vietnam access to new markets like Canada, Mexico, and Peru, and opportunities in sectors like textiles, food, and chemicals. It also discusses challenges like competition and the need to strengthen domestic industries. Overall, CPTPP is expected to boost Vietnam's GDP by 1.32% and offers incentives for reforms to attract more foreign investment.
THE ASEAN ECONOMIC COMMUNITY AND THE COMPREHENSIVE AND PROGRESSIVE TRANS-PACI...Dr. Oliver Massmann
THE ASEAN ECONOMIC COMMUNITY AND THE COMPREHENSIVE AND PROGRESSIVE TRANS-PACIFIC PARTNERSHIP? Market access comparison – What is in for German investors?
M&A in Vietnam: addressing key issues that arise under the enterprise law and...Dr. Oliver Massmann
This document summarizes a presentation given by Dr. Oliver Massmann on M&A in Vietnam. It discusses opportunities and challenges for M&A under Vietnam's new investment and enterprise laws. Key points include an overview of major M&A trends in Vietnam in recent years, notable M&A deals in 2016, drivers of M&A activity, changes to foreign ownership limits, and Vietnam's increasing economic integration through agreements like the TPP and EU-Vietnam Free Trade Agreement. The presentation addresses issues that commonly arise for foreign investors pursuing M&A transactions in Vietnam.
Vietnam - The TPP, AEC and Star Trek: Scotti: Beam Vietnam UpDr. Oliver Massmann
This document discusses the ASEAN Economic Community (AEC) and the Trans-Pacific Partnership (TPP) agreement and their potential benefits for Vietnam. It provides an overview of the AEC, including its goals of establishing a single market and production base within ASEAN. It also outlines some of the progress that has been made toward economic integration under the AEC. The document then discusses key aspects of the TPP, particularly how it differs from other trade agreements in its scope and coverage of issues. It argues the TPP could provide significant economic benefits to Vietnam through tariff reductions, increased exports and foreign investment.
Lawyer in Vietnam Dr. Oliver Massmann Vietnam M&A in 2018 and 2019 OutlookDr. Oliver Massmann
The document discusses mergers and acquisitions (M&A) trends and outlook in Vietnam. It notes that M&A deal value in Vietnam hit $9.9 billion in 2018, a 160% increase from 2017. Real estate was a major sector for deals. Foreign investment laws were also relaxed, allowing for up to 100% foreign ownership of listed public companies. The document provides an overview of Vietnam's economy and M&A regulation, and considers factors driving M&A activity as well as challenges for foreign investors.
Lawyer in Vietnam Dr. Oliver Massmann Why Vietnam is a good place to do busi...Dr. Oliver Massmann
The document discusses why Vietnam is a good place to do business. It notes Vietnam's strong economic growth in recent years, with GDP growth of 6.81% in 2017. Vietnam has also increasingly integrated into regional and international economies through various free trade agreements. The document argues that with its young population, political stability, and economic reforms, Vietnam presents opportunities for businesses to access the ASEAN market.
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due ...Dr. Oliver Massmann
VIETNAM — Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence Directive (CSDDD oder das EU-Lieferkettengesetz): Umfassende Analyse und Ausblick auf die Auswirkungen auf Unternehmen in Vietnam
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Dr. Oliver Massmann
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chain Law): A Comprehensive Analysis and Review of its Implications on Vietnam-based Companies
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to enco...Dr. Oliver Massmann
Legal Alert - Vietnam - First draft Decree on mechanisms and policies to encourage the development of rooftop solar power systems for self-consumption purpose
OMassmann - Investment into the grid and transmission system in Vietnam (2024...Dr. Oliver Massmann
The document summarizes Vietnam's Power Development Plan 8 (PDP8), which aims to ensure national energy security by 2050 through increasing renewable energy and developing the transmission grid system. Key points include: (1) PDP8 sets renewable energy targets of 47% by 2030 and 67.5-71.5% by 2050; (2) $134.7 billion will be invested in power generation and transmission from 2021-2030; (3) the plan encourages private investment and development of the transmission grid system.
Vietnam's Plan for Implementation of PDP8 – Key HighlightsDr. Oliver Massmann
The Prime Minister of Vietnam approved the Plan for Implementation of the National Power Development Plan to 2030 (PDP8) on April 1, 2024. The Implementation Plan sets specific tasks and timelines for government ministries to execute PDP8 through 2025. It maintains planned capacity targets for power generation projects such as gas, coal, and hydropower. However, it does not provide guidelines to address issues like project bankability and feed-in tariffs. The Implementation Plan also lists onshore wind and solar power projects and targets, while prioritizing the development of relevant legal frameworks through 2025 to fully implement PDP8 by 2030.
VIETNAM - THE NEW LAW ON CREDIT INSTITUTIONS - WHAT YOU MUST KNOW:Dr. Oliver Massmann
The National Assembly of Vietnam passed a new Law on Credit Institutions that takes effect on July 1, 2024. The objectives of the new law are to strengthen the resilience of the banking system, increase the independence and accountability of credit institutions, and improve oversight of the banking industry. Key changes include new rules around cross-ownership in commercial banks, managing bad debts, and providing a legal framework for digital banking. These regulations are intended to further develop Vietnam's market infrastructure and move the country closer to emerging market status. However, Vietnam remains a frontier market, and guidance on the new law could focus more on ensuring availability of information and streamlined processes to set up investment accounts to help Vietnam achieve emerging market status sooner. The new law
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Dr. Oliver Massmann
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chain Law): A Comprehensive Analysis and Review of its Implications on Vietnam-based Companies
Vietnam's National Energy Development Strategy – Key HighlightsDr. Oliver Massmann
The Prime Minister of Vietnam approved the National Energy Development Strategy to 2030 and vision to 2045 to ensure national energy security and sustainable development. The strategy aims to meet domestic energy demand through 2030 by supplying 150-170 million tons of oil equivalent primarily through renewable sources comprising 15-20% of supply by 2030 and 65-70% by 2045. It also seeks to reduce greenhouse gas emissions from energy by 15-35% by 2030 and 70-80% by 2045. The Ministry of Industry and Trade will implement policies and proposed legislation to develop an interconnected energy market, encourage private investment in renewable projects, and establish a framework for direct power purchase agreements between renewable producers and customers.
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence ...Dr. Oliver Massmann
Anwalt in Vietnam Dr. Oliver Massmann Corporate Sustainability Due Diligence Directive (CSDDD oder das EU-Lieferkettengesetz): Umfassende Analyse und Ausblick auf die Auswirkungen auf Unternehmen in Vietnam
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chai...Dr. Oliver Massmann
Corporate Sustainability Due Diligence Directive (CSDDD or the EU Supply Chain Law): A Comprehensive Analysis and Review of its Implications on Vietnam-based Companies
Sangyun Lee, 'Why Korea's Merger Control Occasionally Fails: A Public Choice ...Sangyun Lee
Presentation slides for a session held on June 4, 2024, at Kyoto University. This presentation is based on the presenter’s recent paper, coauthored with Hwang Lee, Professor, Korea University, with the same title, published in the Journal of Business Administration & Law, Volume 34, No. 2 (April 2024). The paper, written in Korean, is available at <https://shorturl.at/GCWcI>.
What are the common challenges faced by women lawyers working in the legal pr...lawyersonia
The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
Genocide in International Criminal Law.pptxMasoudZamani13
Excited to share insights from my recent presentation on genocide! 💡 In light of ongoing debates, it's crucial to delve into the nuances of this grave crime.
Defending Weapons Offence Charges: Role of Mississauga Criminal Defence LawyersHarpreetSaini48
Discover how Mississauga criminal defence lawyers defend clients facing weapon offence charges with expert legal guidance and courtroom representation.
To know more visit: https://www.saini-law.com/
Matthew Professional CV experienced Government LiaisonMattGardner52
As an experienced Government Liaison, I have demonstrated expertise in Corporate Governance. My skill set includes senior-level management in Contract Management, Legal Support, and Diplomatic Relations. I have also gained proficiency as a Corporate Liaison, utilizing my strong background in accounting, finance, and legal, with a Bachelor's degree (B.A.) from California State University. My Administrative Skills further strengthen my ability to contribute to the growth and success of any organization.
सुप्रीम कोर्ट ने यह भी माना था कि मजिस्ट्रेट का यह कर्तव्य है कि वह सुनिश्चित करे कि अधिकारी पीएमएलए के तहत निर्धारित प्रक्रिया के साथ-साथ संवैधानिक सुरक्षा उपायों का भी उचित रूप से पालन करें।
Lifting the Corporate Veil. Power Point Presentationseri bangash
"Lifting the Corporate Veil" is a legal concept that refers to the judicial act of disregarding the separate legal personality of a corporation or limited liability company (LLC). Normally, a corporation is considered a legal entity separate from its shareholders or members, meaning that the personal assets of shareholders or members are protected from the liabilities of the corporation. However, there are certain situations where courts may decide to "pierce" or "lift" the corporate veil, holding shareholders or members personally liable for the debts or actions of the corporation.
Here are some common scenarios in which courts might lift the corporate veil:
Fraud or Illegality: If shareholders or members use the corporate structure to perpetrate fraud, evade legal obligations, or engage in illegal activities, courts may disregard the corporate entity and hold those individuals personally liable.
Undercapitalization: If a corporation is formed with insufficient capital to conduct its intended business and meet its foreseeable liabilities, and this lack of capitalization results in harm to creditors or other parties, courts may lift the corporate veil to hold shareholders or members liable.
Failure to Observe Corporate Formalities: Corporations and LLCs are required to observe certain formalities, such as holding regular meetings, maintaining separate financial records, and avoiding commingling of personal and corporate assets. If these formalities are not observed and the corporate structure is used as a mere façade, courts may disregard the corporate entity.
Alter Ego: If there is such a unity of interest and ownership between the corporation and its shareholders or members that the separate personalities of the corporation and the individuals no longer exist, courts may treat the corporation as the alter ego of its owners and hold them personally liable.
Group Enterprises: In some cases, where multiple corporations are closely related or form part of a single economic unit, courts may pierce the corporate veil to achieve equity, particularly if one corporation's actions harm creditors or other stakeholders and the corporate structure is being used to shield culpable parties from liability.
Synopsis On Annual General Meeting/Extra Ordinary General Meeting With Ordinary And Special Businesses And Ordinary And Special Resolutions with Companies (Postal Ballot) Regulations, 2018
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AGENDA:
• OVERVIEW OF VIETNAM’S ECONOMY
• THE EU- VIETNAM FREE TRADE AGREEMENT
(EVFTA): WHAT DOES IT COVER?
• OPPORTUNITIES AND CHALLENGES IN SOME
SECTORS
• MARKET ACCESS COMPARISON OF CERTAIN
COMMERCIAL SECTORS IN THE WTO, AEC AND
EVFTA
• CONCLUSION
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Vietnam 2017 Economy at a glance
• GDP: US$220.3 billion
• GDP per capita: US$2,385
• GDP Growth: 6.81% (2017) and 7.08% (first
6 months of 2018) (record breaking in 10
years)
• Inflation: 1.41%
• Population: About 91.70 million
• Labor force aged 15 and above: 54.61 million
• Total export and import turnover: : >US$420
billion (7.1% increase)
• Regional Minimum wage (Region I): VND
3.980 million (US$ 175) per month (Jan
2018)
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Welcome to the most dynamic country on this
planet : Vietnam!
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Growing middle-class
(doubled by 2020 to
33 million people
according to Boston
Consulting Group)
90 million people
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FOREIGN INVESTMENT IN VIETNAM
REGIONAL COMPARISON OF COMPETIVENESS
ON MARKET ACCESS
Vietnam ties in first place with Singapore
• *Typical restrictions: number of opened sectors, JV requirement,
limits on foreign-owned shares, permission requirement
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Country Limitation of market
access*
Country Limitation of
market access*
Malaysia medium Myanmar high
Indonesia medium Cambodia medium
Philippines medium Laos medium
Singapore low India high
Thailand medium China medium
Brunei high Vietnam low
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Female Business Ownership
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11stst
in Asia,in Asia, 66thth
/53 surveyed/53 surveyed countriescountries
1818thth
in terms of women’s advancement outcomes,in terms of women’s advancement outcomes,
knowledge assets, financial access and supportingknowledge assets, financial access and supporting
entrepreneurial conditions*entrepreneurial conditions*
* Similar to Thailand, Hong Kong and Switzerland
Women hold 25% of CEO or board-level positionsWomen hold 25% of CEO or board-level positions
in Vietnam**in Vietnam**
** Far above Singapore, Myanmar and Indonesia
Source: Mastercard Index of Women Entrepreneurs 2018
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EVFTA AND IPA
• On 26 June 2018, the EVFTA was divided into 2 agreements
in terms of trade and investment following the European
Court of Justice’s opinion on the EU – Singapore FTA
• The EVFTA will cover trade issues while investment
protection and dispute settlement will be under the IPA.
• Vietnam and the EU have completed the legal review of the
EVFTA while the IPA is now only at the early stage of legal
review.
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EVFTA – Comprehensive agreement
• Trade in goods
Market access for goods – tariffs
Rules of Origin
Export duties
Technical Barriers to Trade (TBT)
Sanitary and Phytosanitary Measures
Customs and Trade Facilitation
Administrative Cooperation in Customs Matters
• Services and investment:
National treatment
Liberalisation commitments / market access
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Cross-cutting issues
Dispute Settlement
Government Procurement
State Owned Enterprises & Subsidies
Intellectual Property Rights
Geographical Indications
Trade and Sustainable Development
Cooperation and Capacity building
Annexes (car; green tech and pharma)
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EVFTA – Main features
§ Symmetrical elimination of nearly all tariffs (over 99%)
§ Removal of almost all export duties and cap on remaining
ones
§ Services commitments going beyond GATS
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EVFTA – Tariff Liberalization
• Tariff liberlization:
– 99% of tariffs both value and number of tariff lines
– After 7 years for EU
– Vietnam 10 years
• Coverage at entry into force:
– 71% of value of Vietnamese exports / 84% tariff lines
– 65% value of EU exports / 49% tariff lines
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EVFTA – Benefits for Vietnam
• Vietnam’s annual economic expansions rate may grow an additional 15%
every year
• Tariffs for most of Vietnamese export product to the EU will gradually
reduce to 0% and Vietnam’s export to EU is expected to grow about 35%
for next few years
• The real wages of skilled laborers may increase by up to 12% while real
salary of common workers may rise by 13%
• The EVFTA is the legal framework for a more stable relationship in bilateral
trade for Vietnam when competing in the international market
• The EVFTA will generate greater effects, e.g. increased quality of investment
flows from EU, acceleration of the process of sharing expertise and transfer
of green technology and the creation of more employment activities
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EVFTA – Benefits for the European Union
• 23 of the 27 member states of the EU (UK not included)
are trade partners of Vietnam
• Improvement of intellectual property rights
• Higher level of security over EU’s investment in Vietnam
• Better access to EU’s second important trading partner in
ASEAN
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Government Procurement
• Average government procurement in the EU is about 16%
• Vietnam has one of the highest government procurement
rates of all countries worldwide (with about 39%)
• Vietnam is not a member of the Government Procurement
Agreement of the WTO
• Vietnam undertakes to transparency and procedural fairness
regulations
• Investors will get access to a huge market of government
procurement
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Conflict Resolution
• IPA secures a modern reformed investment dispute resolution
standard
• A standing international and fully independent investment tribunal
will be competent to all conflicts about investment protection
provisions (5 year transitional period for Vietnam)
• UNCITRAL rules on transparency in treaty-based investor-state
arbitration are implemented which guarantees a high standard of
juridical transparency
• The decisions of the tribunal are enforceable and cannot be
questioned by local jurisdiction
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Automotive
• Almost fully liberalization of EU machinery and appliances exports
• EU exported car parts will be duty free after seven years
• Cars and motorcycles will be duty free after ten years
• 3 years after the FTA comes into effect, Vietnam will accept UNECE
(standards adopted from the EU, U.S., Russia and many other states
which settle e.g. Worldwide harmonized Light vehicle Test Procedures)
certification without any further testing requirements
• Demand for automobiles in Vietnam is at no other time set to surge like
this moment
• Vietnam is going to be the new production hub in Asia for the machinery
and especially automotive tier two manufacturing industry where several
German and European automotive companies already experienced their
own success story
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Pharmaceutical Products
• Already 8% of EU exports to Vietnam (2015)
• Improvement of intellectual property right
• Simplification of marketing authorization
• Centralized procurement system for pharmaceuticals
which will legally secure market access
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Alcoholic Beverages
• Geographical Indications will be better protected
• Tariffs for alcoholics will be reduced after 7 or 10
years
• Vietnam removed /decreased restrictions in
manufacturing of beverages
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Challenges
• As the market will be much more open, a high level of
competitiveness will reach Vietnam’s companies
• Especially the sellers of electrical products, cars,
motorcycles and machinery will get to know a new level
of business competition
• The challenge will be to maintain and improve the
standards of labor rights, environmental protection and
sustainability even though the price pressure will increase
• The income from tariffs will be reduced
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Impacts
• EVFTA will make trading more transparent and
competitive
• It will be much easier for investors to access new
markets in Vietnam
• A high quality standard is settled
• Intellectual property will be safer
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Notes regarding the market access
commitments
• The WTO, AEC and EVFTA take a positive approach,
meaning what is open to foreign investment is listed.
• In WTO Market Access Service Sector the principle applies:
Who does not ask and demand might not get the market
access for investment. There is NO Automatic Right for
Market Access for the WTO members in the WTO Services
Sectors in principle.
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Distribution sector
WTO / AFAS EVFTA
The establishment of outlets for retail
services (beyond the first one) shall
be allowed on the basis of an
Economic Needs Test (ENT)
Same as in the WTO / AFAS but
added the following:
In case of establishing an outlet less
than 500m2 within the area planned
for trading activities and already
completed construction of
infrastructure, ENT is not required.
5 years from the date of entry into
force of the Agreement, the
requirement of the ENT will be
abolished.
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Transport
Sub-sectors WTO AFAS EVFTA
Maritime transport
services
Mode 3 MA: joint
venture with
maximum 49%
foreign ownership
Same as WTO Mode 3 MA: joint
venture with maximum
70% foreign ownership
Internal Waterways
transport
+ Passenger
transport
+ Freight transport
Mode 1: No
commitment
Mode 3: joint
venture with
maximum 49%
foreign ownership
Mode 1: No restriction
Mode 3: joint venture
with maximum 51%
foreign ownership
Same as AFAS
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* Mode 1: cross-border supply
Mode 3: commercial presence
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Securities services
WTO/ AFAS EVFTA
Commitments on 6 sub-sectors
Mode 3:
foreign securities service suppliers are
permitted to establish representative
offices and joint ventures with
maximum foreign ownership of 49%.
After 5 years from the date of accession,
securities service suppliers with 100%
foreign-invested capital shall be
permitted.
Same commitments in 6 sub-sectors
Commitments on 2 additional services:
Provision and transfer of financial data
processing; and credit reference and
analysis.
Mode 3: Same as the WTO/ AFAS
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Telecommunication Services
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Sub-sectors WTO/ AFAS EVFTA
Non facilities-based services
Other services - Virtual
Private Network (VPN)
Mode 3: Joint venture with
maximum 65% foreign
ownership
Mode 3: Joint venture with
maximum 70% foreign
ownership
Mode 3: Upon entry into force,
Joint venture with maximum
65% foreign ownership
5 years from the date of entry
into force of the Agreement, this
capital limitation will be 75%.
Mode 3: Upon entry into force,
Joint venture with maximum
70% foreign ownership
5 years from the date of entry
into force of the Agreement, this
capital limitation will be 75%.
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Conclusion
• EVFTA and IPA will open a more secure and
transparent investment and trading market supported
by a new dispute resolution system
• European investors get access to a group of 90 million
consumers and a young and dynamic workforce
• Vietnam will reduce many of its strict regulations and
opens up; it will get the chance to establish itself as a
worldwide trading partner and will get more
independent from China
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DUANE MORRIS VIETNAM LLC
Thank you very much!
HANOI OFFICE HO CHI MINH CITY OFFICE
Pacific Place, Unit V1307/08, 13th Floor, Suite 1503/04, Saigon Tower
83B Ly Thuong Kiet, Hoan Kiem District 29 Le Duan Street, District 1
Hanoi, Vietnam Ho Chi Minh City, Vietnam
Tel.: +84 4 39462200 Tel.: +84 8 3824 0240
Fax: +84 4 3946 1311 Fax: +84 8 3824 0241
Contact email:
omassmann@duanemorris.com
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