Vietnam - Legal Overview - Technology Transfer

The laws of Vietnam are complex and new legislation is constantly being introduced. What follows is no more than an introductory overview that we hope will assist investors to decide which areas of law they will need to research further.

This summary is, necessarily, selective and is no substitute for detailed legal advice.

This Section is necessarily selective and does not attempt to do more than highlight some important issues.

1. The Law on Foreign Investment expressly permits contributions to the capital of foreign invested enterprises to be made by means of the contribution of :

"patents, technical know-how, technological processes and technical services."

In practice, contributions to capital sought to be made in this way by a foreign party often encounter difficulties and delays. This primary difficulty is often valuation which will require the approval of the authorities in Vietnam.