Legal Updates for March 2016

Decree 07/2016/ND-CP Detailing Regulations on Establishment of Representative Offices or Branches on Foreign Traders in Vietnam

A Representative Office is the most common vehicle for foreign traders to conduct liaison activities, market research and promotion of their investment and business in Vietnam. On 25 January 2016, the Government issued Decree No. 07/2016/ND-CP (“Decree 07”) regulating the establishment of Representative Offices or Branches of foreign traders in Vietnam under the Trade Law in replacement of Decree No. 72/2006/ND-CP of the same title (“Decree 72”), after approximately 10 years from the effective date of Decree 72.