Vietnam
Vietnam, with a population of more than 100 million, has achieved stable economic growth since the introduction of its Doi Moi economic reforms in 1986. With its relatively young population and competitive labor costs, combined with its consistent expansion of overseas capital investment since joining the WTO in 2007, Vietnam continues to attract much attention from foreign investors, including Japanese companies.
On the other hand, in addition to the one-party Communist system and as a result of the impact of repeatedly accepting assistance in the development of legislation, Vietnam’s legal system is quite unique, and its dispute resolution system could be considered somewhat underdeveloped. For these reasons, when investing in the country, close collaboration with local law firms is essential.
At Kitahama Partners, there is a dedicated team led by several Japanese attorneys within-depth experience working in Vietnamese law firms which liaises with the most appropriate local attorneys for the matters at hand, providing support for our clients’ project development from the very beginning. In particular, we handle a wide range of Vietnam-related matters, including assisting Japanese companies to establish a presence in Vietnam through M&A transactions, joint ventures with Vietnamese companies, technology transfers, and other means, incorporation of subsidiaries, commercial agreements, intellectual property strategies, business withdrawals, international arbitration and other forms of dispute resolution, and various types of legal research.