{"id":10131,"date":"2026-01-15T18:37:02","date_gmt":"2026-01-15T11:37:02","guid":{"rendered":"https:\/\/dtlaw.vn\/?p=10131"},"modified":"2026-01-16T16:21:56","modified_gmt":"2026-01-16T09:21:56","slug":"rui-ro-phap-ly-khi-nha-dau-tu-nuoc-ngoai-gop-von-mua-co-phan-tai-doanh-nghiep-viet-nam","status":"publish","type":"post","link":"https:\/\/dtlaw.vn\/en\/rui-ro-phap-ly-khi-nha-dau-tu-nuoc-ngoai-gop-von-mua-co-phan-tai-doanh-nghiep-viet-nam\/","title":{"rendered":"Legal Risks When Foreign Investors Contribute Capital or Acquire Shares in Vietnamese Enterprises"},"content":{"rendered":"<h2 class=\"wp-block-heading\">1. V\u1ea5n \u0111\u1ec1 <em>(Executive Summary)<\/em><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">G\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n <em>(capital contribution &amp; share acquisition)<\/em> l\u00e0 m\u1ed9t trong nh\u1eefng h\u00ecnh th\u1ee9c <strong>gia nh\u1eadp th\u1ecb tr\u01b0\u1eddng (market entry)<\/strong> \u0111\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u01b0u ti\u00ean t\u1ea1i Vi\u1ec7t Nam nh\u1edd quy tr\u00ecnh h\u00e0nh ch\u00ednh t\u01b0\u01a1ng \u0111\u1ed1i tinh g\u1ecdn so v\u1edbi vi\u1ec7c th\u00e0nh l\u1eadp ph\u00e1p nh\u00e2n m\u1edbi.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tuy nhi\u00ean, giai \u0111o\u1ea1n <strong>2024\u20132025<\/strong> \u0111\u00e1nh d\u1ea5u <strong>s\u1ef1 t\u00e1i c\u1ea5u tr\u00fac c\u0103n b\u1ea3n c\u1ee7a khung ph\u00e1p l\u00fd \u0111\u1ea7u t\u01b0 v\u00e0 b\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/strong>, v\u1edbi hi\u1ec7u l\u1ef1c \u0111\u1ed3ng lo\u1ea1t c\u1ee7a:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lu\u1eadt \u0110\u1ea5t \u0111ai 2024 (Land Law 2024)<\/strong><\/li>\n\n\n\n<li><strong>Lu\u1eadt Kinh doanh B\u1ea5t \u0111\u1ed9ng s\u1ea3n 2023 (Law on Real Estate Business 2023)<\/strong><\/li>\n\n\n\n<li><strong>Lu\u1eadt Nh\u00e0 \u1edf 2023 (Housing Law 2023)<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">C\u00e1c \u0111\u1ea1o lu\u1eadt n\u00e0y kh\u00f4ng ch\u1ec9 t\u00e1c \u0111\u1ed9ng \u0111\u1ebfn <strong>\u0111i\u1ec1u ki\u1ec7n \u0111\u1ea7u t\u01b0 (investment conditions)<\/strong> m\u00e0 c\u00f2n \u1ea3nh h\u01b0\u1edfng tr\u1ef1c ti\u1ebfp \u0111\u1ebfn <strong>t\u00ednh h\u1ee3p ph\u00e1p c\u1ee7a c\u1ea5u tr\u00fac giao d\u1ecbch, quy\u1ec1n ki\u1ec3m so\u00e1t (control rights)<\/strong> v\u00e0 <strong>kh\u1ea3 n\u0103ng tho\u00e1i v\u1ed1n (exit strategy)<\/strong> c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">B\u00e0i vi\u1ebft n\u00e0y ph\u00e2n t\u00edch <strong>05 nh\u00f3m r\u1ee7i ro ph\u00e1p l\u00fd tr\u1ecdng y\u1ebfu (key legal risks)<\/strong> th\u01b0\u1eddng g\u1eb7p trong c\u00e1c giao d\u1ecbch g\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n t\u1ea1i Vi\u1ec7t Nam, \u0111\u1ed3ng th\u1eddi \u0111\u01b0a ra <strong>khuy\u1ebfn ngh\u1ecb chi\u1ebfn l\u01b0\u1ee3c<\/strong> t\u1eeb g\u00f3c \u0111\u1ed9 t\u01b0 v\u1ea5n th\u1ef1c ti\u1ec5n c\u1ee7a DTLaw.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">2. C\u01a1 s\u1edf ph\u00e1p l\u00fd \u0111i\u1ec1u ch\u1ec9nh ho\u1ea1t \u0111\u1ed9ng g\u00f3p v\u1ed1n c\u1ee7a Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Applicable Legal Framework)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ho\u1ea1t \u0111\u1ed9ng g\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i <em>(foreign investment via capital contribution \/ M&amp;A)<\/em> hi\u1ec7n ch\u1ecbu s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ed3ng th\u1eddi c\u1ee7a nhi\u1ec1u l\u1edbp ph\u00e1p lu\u1eadt, bao g\u1ed3m:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lu\u1eadt \u0110\u1ea7u t\u01b0 2020 (Law on Investment 2020)<\/strong> v\u00e0 c\u00e1c v\u0103n b\u1ea3n h\u01b0\u1edbng d\u1eabn v\u1ec1 <strong>\u0111i\u1ec1u ki\u1ec7n ti\u1ebfp c\u1eadn th\u1ecb tr\u01b0\u1eddng (market access conditions)<\/strong>;<\/li>\n\n\n\n<li><strong>Lu\u1eadt Doanh nghi\u1ec7p 2020 (Law on Enterprises 2020)<\/strong> v\u1ec1 <strong>qu\u1ea3n tr\u1ecb doanh nghi\u1ec7p (corporate governance)<\/strong> v\u00e0 quy\u1ec1n c\u1ee7a c\u1ed5 \u0111\u00f4ng;<\/li>\n\n\n\n<li><strong>Lu\u1eadt \u0110\u1ea5t \u0111ai 2024<\/strong> v\u00e0 <strong>Lu\u1eadt Kinh doanh B\u1ea5t \u0111\u1ed9ng s\u1ea3n 2023<\/strong>, v\u1edbi nhi\u1ec1u quy \u0111\u1ecbnh m\u1edbi v\u1ec1 <strong>ch\u1ee7 th\u1ec3 c\u00f3 v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i (foreign-invested economic organizations)<\/strong>, c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb <strong>01\/8\/2024<\/strong>.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>L\u01b0u \u00fd th\u1ef1c ti\u1ec5n:<\/strong> C\u01a1 ch\u1ebf <strong>h\u1eadu ki\u1ec3m (post-licensing inspection)<\/strong> \u0111ang \u0111\u01b0\u1ee3c c\u01a1 quan qu\u1ea3n l\u00fd Vi\u1ec7t Nam \u00e1p d\u1ee5ng ng\u00e0y c\u00e0ng nghi\u00eam ng\u1eb7t. Do \u0111\u00f3, vi\u1ec7c \u201c\u0111\u01b0\u1ee3c ch\u1ea5p thu\u1eadn tr\u00ean gi\u1ea5y\u201d kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi an to\u00e0n ph\u00e1p l\u00fd d\u00e0i h\u1ea1n n\u1ebfu c\u1ea5u tr\u00fac giao d\u1ecbch ti\u1ec1m \u1ea9n vi ph\u1ea1m.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">3. N\u0103m nh\u00f3m r\u1ee7i ro ph\u00e1p l\u00fd tr\u1ecdng y\u1ebfu trong giao d\u1ecbch g\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n  <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">a. R\u1ee7i ro v\u1ec1 \u0110i\u1ec1u ki\u1ec7n Ti\u1ebfp c\u1eadn Th\u1ecb tr\u01b0\u1eddng<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Market Access Restrictions Risk)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>V\u1ea5n \u0111\u1ec1 ph\u00e1p l\u00fd:<\/strong><br>Nhi\u1ec1u doanh nghi\u1ec7p m\u1ee5c ti\u00eau <em>(target companies)<\/em> t\u1ea1i Vi\u1ec7t Nam \u0111\u0103ng k\u00fd <strong>\u0111a ng\u00e0nh ngh\u1ec1<\/strong>, trong \u0111\u00f3 c\u00f3 th\u1ec3 bao g\u1ed3m:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ng\u00e0nh ngh\u1ec1 <strong>ch\u01b0a cam k\u1ebft m\u1edf c\u1eeda<\/strong> theo WTO;<\/li>\n\n\n\n<li>Ng\u00e0nh ngh\u1ec1 <strong>h\u1ea1n ch\u1ebf t\u1ef7 l\u1ec7 s\u1edf h\u1eefu n\u01b0\u1edbc ngo\u00e0i (foreign ownership cap)<\/strong>, nh\u01b0: ph\u00e2n ph\u1ed1i d\u01b0\u1ee3c ph\u1ea9m, logistics, v\u1eadn t\u1ea3i bi\u1ec3n, qu\u1ea3ng c\u00e1o, vi\u1ec5n th\u00f4ng\u2026<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>H\u1ec7 qu\u1ea3 ph\u00e1p l\u00fd \u2013 giao d\u1ecbch:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>C\u01a1 quan \u0111\u0103ng k\u00fd \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 <strong>t\u1eeb ch\u1ed1i ch\u1ea5p thu\u1eadn giao d\u1ecbch (refusal of investment approval)<\/strong> n\u1ebfu kh\u00f4ng \u0111\u00e1p \u1ee9ng \u0111i\u1ec1u ki\u1ec7n;<\/li>\n\n\n\n<li>C\u00e1c c\u1ea5u tr\u00fac \u201c\u0111\u1ee9ng t\u00ean h\u1ed9\u201d, \u201cnominee arrangement\u201d nh\u1eb1m l\u00e1ch t\u1ef7 l\u1ec7 s\u1edf h\u1eefu ti\u1ec1m \u1ea9n <strong>nguy c\u01a1 giao d\u1ecbch b\u1ecb tuy\u00ean v\u00f4 hi\u1ec7u (invalid transaction)<\/strong> do gi\u1ea3 t\u1ea1o, g\u00e2y m\u1ea5t to\u00e0n b\u1ed9 v\u1ed1n \u0111\u1ea7u t\u01b0.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">b. R\u1ee7i ro v\u1ec1 Tu\u00e2n th\u1ee7 Quy tr\u00ecnh \u0110\u1ea7u t\u01b0<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Investment Approval &amp; Compliance Risk)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>V\u1ea5n \u0111\u1ec1 ph\u00e1p l\u00fd:<\/strong><br>M\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u1ef1c hi\u1ec7n <strong>th\u00e2u t\u00f3m quy\u1ec1n ki\u1ec3m so\u00e1t (change of control)<\/strong> b\u1eb1ng c\u00e1ch chia nh\u1ecf giao d\u1ecbch, ch\u1ec9 th\u1ef1c hi\u1ec7n th\u1ee7 t\u1ee5c thay \u0111\u1ed5i c\u1ed5 \u0111\u00f4ng th\u00f4ng th\u01b0\u1eddng, thay v\u00ec:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Th\u1ee7 t\u1ee5c <strong>ch\u1ea5p thu\u1eadn mua c\u1ed5 ph\u1ea7n (approval for share acquisition)<\/strong>;<\/li>\n\n\n\n<li>Ho\u1eb7c ngh\u0129a v\u1ee5 <strong>th\u00f4ng b\u00e1o t\u1eadp trung kinh t\u1ebf (economic concentration notification)<\/strong> theo lu\u1eadt c\u1ea1nh tranh.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>H\u1ec7 qu\u1ea3 ph\u00e1p l\u00fd \u2013 giao d\u1ecbch:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Giao d\u1ecbch c\u00f3 th\u1ec3 b\u1ecb <strong>\u0111\u00ecnh ch\u1ec9 ho\u1eb7c b\u1ecb h\u1ee7y hi\u1ec7u l\u1ef1c ph\u00e1p l\u00fd h\u1ed3i t\u1ed1<\/strong>;<\/li>\n\n\n\n<li>Thi\u1ebfu h\u1ed3 s\u01a1 ph\u00e1p l\u00fd chu\u1ea9n s\u1ebd g\u00e2y tr\u1edf ng\u1ea1i nghi\u00eam tr\u1ecdng cho <strong>IPO, M&amp;A ti\u1ebfp theo ho\u1eb7c huy \u0111\u1ed9ng v\u1ed1n qu\u1ed1c t\u1ebf (fundraising)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">c. R\u1ee7i ro v\u1ec1 Qu\u1ea3n tr\u1ecb Doanh nghi\u1ec7p v\u00e0 Quy\u1ec1n Ki\u1ec3m so\u00e1t<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Corporate Governance &amp; Control Rights Risk)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>V\u1ea5n \u0111\u1ec1 ph\u00e1p l\u00fd:<\/strong><br>Nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng t\u1eadp trung \u0111\u00e0m ph\u00e1n <strong>t\u1ef7 l\u1ec7 v\u1ed1n g\u00f3p (equity ratio)<\/strong> m\u00e0 xem nh\u1eb9:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u0110i\u1ec1u l\u1ec7 C\u00f4ng ty (Charter \/ Articles of Association)<\/strong>;<\/li>\n\n\n\n<li><strong>Th\u1ecfa thu\u1eadn C\u1ed5 \u0111\u00f4ng (Shareholders\u2019 Agreement)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>H\u1ec7 qu\u1ea3 ph\u00e1p l\u00fd \u2013 giao d\u1ecbch:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>M\u1ea5t quy\u1ec1n ki\u1ec3m so\u00e1t th\u1ef1c ch\u1ea5t (de facto control loss)<\/strong> d\u00f9 s\u1edf h\u1eefu t\u1ef7 l\u1ec7 v\u1ed1n cao, n\u1ebfu kh\u00f4ng c\u00f3:\n<ul class=\"wp-block-list\">\n<li>Quy\u1ec1n ph\u1ee7 quy\u1ebft <em>(veto rights)<\/em>;<\/li>\n\n\n\n<li>Quy \u0111\u1ecbnh bi\u1ec3u quy\u1ebft \u0111\u1ed1i v\u1edbi c\u00e1c v\u1ea5n \u0111\u1ec1 tr\u1ecdng y\u1ebfu <em>(reserved matters)<\/em>;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>R\u1ee7i ro pha lo\u00e3ng (dilution risk)<\/strong> khi c\u00f4ng ty t\u0103ng v\u1ed1n m\u00e0 kh\u00f4ng c\u00f3 \u0111i\u1ec1u kho\u1ea3n ch\u1ed1ng pha lo\u00e3ng <em>(anti-dilution clause)<\/em>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">d. R\u1ee7i ro v\u1ec1 \u0110\u1ea5t \u0111ai v\u00e0 B\u1ea5t \u0111\u1ed9ng s\u1ea3n<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Land &amp; Real Estate Legal Risks)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(i) H\u1ea1n ch\u1ebf v\u1ec1 nh\u1eadn chuy\u1ec3n nh\u01b0\u1ee3ng quy\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Theo <strong>Lu\u1eadt \u0110\u1ea5t \u0111ai 2024<\/strong>, t\u1ed5 ch\u1ee9c kinh t\u1ebf c\u00f3 v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Kh\u00f4ng \u0111\u01b0\u1ee3c nh\u1eadn chuy\u1ec3n nh\u01b0\u1ee3ng \u0111\u1ea5t tr\u1ef1c ti\u1ebfp t\u1eeb h\u1ed9 gia \u0111\u00ecnh, c\u00e1 nh\u00e2n<\/strong> \u0111\u1ec3 th\u1ef1c hi\u1ec7n d\u1ef1 \u00e1n nh\u00e0 \u1edf th\u01b0\u01a1ng m\u1ea1i (ngo\u1ea1i tr\u1eeb m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p \u0111\u1eb7c bi\u1ec7t trong khu c\u00f4ng nghi\u1ec7p).<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u2192 C\u00e1c c\u1ea5u tr\u00fac \u201cgom \u0111\u1ea5t d\u00e2n c\u01b0\u201d th\u00f4ng qua doanh nghi\u1ec7p c\u00f3 v\u1ed1n n\u01b0\u1edbc ngo\u00e0i <strong>kh\u00f4ng c\u00f2n t\u00ednh kh\u1ea3 thi ph\u00e1p l\u00fd<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>(ii) Si\u1ebft ch\u1eb7t huy \u0111\u1ed9ng v\u1ed1n d\u1ef1 \u00e1n<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lu\u1eadt Kinh doanh B\u1ea5t \u0111\u1ed9ng s\u1ea3n 2023 quy \u0111\u1ecbnh:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ch\u1ee7 \u0111\u1ea7u t\u01b0 ch\u1ec9 \u0111\u01b0\u1ee3c thu ti\u1ec1n \u0111\u1eb7t c\u1ecdc <strong>t\u1ed1i \u0111a 5% gi\u00e1 b\u00e1n<\/strong> khi d\u1ef1 \u00e1n <strong>ch\u01b0a \u0111\u1ee7 \u0111i\u1ec1u ki\u1ec7n kinh doanh<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u2192 Nh\u00e0 \u0111\u1ea7u t\u01b0 g\u00f3p v\u1ed1n v\u00e0o c\u00e1c d\u1ef1 \u00e1n ph\u1ee5 thu\u1ed9c d\u00f2ng ti\u1ec1n huy \u0111\u1ed9ng s\u1edbm tr\u00e1i quy \u0111\u1ecbnh c\u00f3 th\u1ec3 \u0111\u1ed1i m\u1eb7t <strong>tr\u00e1ch nhi\u1ec7m ph\u00e1p l\u00fd li\u00ean \u0111\u1edbi (joint legal liability)<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">e. R\u1ee7i ro Tranh ch\u1ea5p H\u1eadu Giao d\u1ecbch<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Post-Transaction Dispute Risk)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">C\u00e1c tranh ch\u1ea5p th\u01b0\u1eddng ph\u00e1t sinh <strong>sau khi ho\u00e0n t\u1ea5t giao d\u1ecbch (post-closing)<\/strong>, bao g\u1ed3m:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>B\u1ebf t\u1eafc trong \u0111i\u1ec1u h\u00e0nh do kh\u00e1c bi\u1ec7t chi\u1ebfn l\u01b0\u1ee3c;<\/li>\n\n\n\n<li>Tranh ch\u1ea5p v\u1ec1 <strong>cam k\u1ebft l\u1ee3i nhu\u1eadn (profit guarantee)<\/strong>;<\/li>\n\n\n\n<li>H\u1ea1n ch\u1ebf chuy\u1ec3n nh\u01b0\u1ee3ng v\u1ed1n, kh\u00f4ng c\u00f3 <strong>c\u01a1 ch\u1ebf tho\u00e1i v\u1ed1n (exit mechanism)<\/strong> r\u00f5 r\u00e0ng nh\u01b0: put option, call option, tag-along, drag-along.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">KHUY\u1ebeN NGH\u1eca CHI\u1ebeN L\u01af\u1ee2C T\u1eea DTLAW<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(DTLaw\u2019s Strategic Recommendations)<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0110\u1ec3 ki\u1ec3m so\u00e1t r\u1ee7i ro v\u00e0 t\u1ed1i \u01b0u hi\u1ec7u qu\u1ea3 \u0111\u1ea7u t\u01b0, DTLaw khuy\u1ebfn ngh\u1ecb nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Th\u1ea9m \u0111\u1ecbnh ph\u00e1p l\u00fd to\u00e0n di\u1ec7n <em>(Legal Due Diligence)<\/em><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>R\u00e0 so\u00e1t s\u00e2u <strong>ng\u00e0nh ngh\u1ec1 kinh doanh c\u00f3 \u0111i\u1ec1u ki\u1ec7n<\/strong>, quy\u1ec1n s\u1eed d\u1ee5ng \u0111\u1ea5t, t\u00ecnh tr\u1ea1ng ph\u00e1p l\u00fd d\u1ef1 \u00e1n;<\/li>\n\n\n\n<li>\u0110\u00e1nh gi\u00e1 r\u1ee7i ro h\u1eadu ki\u1ec3m v\u00e0 kh\u1ea3 n\u0103ng tu\u00e2n th\u1ee7 d\u00e0i h\u1ea1n.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">2. C\u1ea5u tr\u00fac giao d\u1ecbch t\u1ed1i \u01b0u <em>(Transaction Structuring)<\/em><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>L\u1ef1a ch\u1ecdn h\u00ecnh th\u1ee9c: g\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n, <strong>convertible instruments<\/strong>, ph\u00f9 h\u1ee3p v\u1edbi m\u1ee5c ti\u00eau ki\u1ec3m so\u00e1t v\u00e0 lu\u1eadt \u0111\u1ea7u t\u01b0;<\/li>\n\n\n\n<li>Ch\u1ee7 \u0111\u1ed9ng x\u1eed l\u00fd c\u00e1c ng\u01b0\u1ee1ng ph\u00e1p l\u00fd v\u1ec1 ki\u1ec3m so\u00e1t v\u00e0 t\u1eadp trung kinh t\u1ebf.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">3. Thi\u1ebft k\u1ebf h\u1ec7 th\u1ed1ng qu\u1ea3n tr\u1ecb \u201cmay \u0111o\u201d<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Tailor-made Corporate Governance Framework)<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>So\u1ea1n th\u1ea3o \u0110i\u1ec1u l\u1ec7 v\u00e0 Th\u1ecfa thu\u1eadn c\u1ed5 \u0111\u00f4ng v\u1edbi:\n<ul class=\"wp-block-list\">\n<li>Quy\u1ec1n ph\u1ee7 quy\u1ebft;<\/li>\n\n\n\n<li>C\u01a1 ch\u1ebf ch\u1ed1ng pha lo\u00e3ng;<\/li>\n\n\n\n<li>Chi\u1ebfn l\u01b0\u1ee3c tho\u00e1i v\u1ed1n r\u00f5 r\u00e0ng v\u00e0 kh\u1ea3 thi.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">4. Ch\u1ee7 \u0111\u1ed9ng c\u1eadp nh\u1eadt lu\u1eadt m\u1edbi<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Regulatory Update &amp; Compliance)<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u0110i\u1ec1u ch\u1ec9nh m\u00f4 h\u00ecnh \u0111\u1ea7u t\u01b0 ph\u00f9 h\u1ee3p <strong>Lu\u1eadt \u0110\u1ea5t \u0111ai 2024<\/strong> v\u00e0 <strong>Lu\u1eadt Kinh doanh B\u1ea5t \u0111\u1ed9ng s\u1ea3n 2023<\/strong> ngay t\u1eeb giai \u0111o\u1ea1n c\u1ea5u tr\u00fac giao d\u1ecbch.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">K\u1ebeT LU\u1eacN<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">G\u00f3p v\u1ed1n \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u1ea1i Vi\u1ec7t Nam kh\u00f4ng ch\u1ec9 l\u00e0 m\u1ed9t giao d\u1ecbch t\u00e0i ch\u00ednh, m\u00e0 l\u00e0 <strong>m\u1ed9t quy\u1ebft \u0111\u1ecbnh ph\u00e1p l\u00fd \u2013 chi\u1ebfn l\u01b0\u1ee3c d\u00e0i h\u1ea1n<\/strong>.<br>Vi\u1ec7c <strong>nh\u1eadn di\u1ec7n s\u1edbm r\u1ee7i ro v\u00e0 ki\u1ec3m so\u00e1t ngay t\u1eeb giai \u0111o\u1ea1n thi\u1ebft k\u1ebf giao d\u1ecbch (deal structuring)<\/strong> l\u00e0 y\u1ebfu t\u1ed1 then ch\u1ed1t \u0111\u1ec3:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>B\u1ea3o to\u00e0n v\u1ed1n;<\/li>\n\n\n\n<li>Duy tr\u00ec quy\u1ec1n ki\u1ec3m so\u00e1t;<\/li>\n\n\n\n<li>T\u1ed1i \u01b0u h\u00f3a kh\u1ea3 n\u0103ng tho\u00e1i v\u1ed1n v\u00e0 t\u0103ng tr\u01b0\u1edfng.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">V\u1ec1 ch\u00fang t\u00f4i:<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DTLaw<\/strong> l\u00e0 h\u00e3ng lu\u1eadt t\u01b0 v\u1ea5n <strong>full-service<\/strong> cho nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i t\u1ea1i Vi\u1ec7t Nam, cung c\u1ea5p d\u1ecbch v\u1ee5 ph\u00e1p l\u00fd chuy\u00ean s\u00e2u trong c\u00e1c l\u0129nh v\u1ef1c:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Th\u00e2m nh\u1eadp th\u1ecb tr\u01b0\u1eddng <em>(Market Entry)<\/em>;<\/li>\n\n\n\n<li>Mua b\u00e1n &amp; S\u00e1p nh\u1eadp <em>(M&amp;A)<\/em>;<\/li>\n\n\n\n<li>\u0110\u1ea7u t\u01b0 \u2013 B\u1ea5t \u0111\u1ed9ng s\u1ea3n \u2013 Doanh nghi\u1ec7p;<\/li>\n\n\n\n<li>Gi\u1ea3i quy\u1ebft tranh ch\u1ea5p th\u01b0\u01a1ng m\u1ea1i <em>(Commercial Dispute Resolution)<\/em>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Ch\u00fang t\u00f4i cam k\u1ebft cung c\u1ea5p <strong>gi\u1ea3i ph\u00e1p ph\u00e1p l\u00fd th\u1ef1c ti\u1ec5n, chu\u1ea9n m\u1ef1c qu\u1ed1c t\u1ebf v\u00e0 tu\u00e2n th\u1ee7 tuy\u1ec7t \u0111\u1ed1i ph\u00e1p lu\u1eadt Vi\u1ec7t Nam<\/strong>.<\/p>","protected":false},"excerpt":{"rendered":"<p>1. V\u1ea5n \u0111\u1ec1 (Executive Summary) G\u00f3p v\u1ed1n, mua c\u1ed5 ph\u1ea7n (capital contribution &amp; share acquisition) l\u00e0 m\u1ed9t trong nh\u1eefng h\u00ecnh th\u1ee9c gia nh\u1eadp th\u1ecb tr\u01b0\u1eddng (market entry) \u0111\u01b0\u1ee3c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i \u01b0u ti\u00ean t\u1ea1i Vi\u1ec7t Nam nh\u1edd quy tr\u00ecnh h\u00e0nh ch\u00ednh t\u01b0\u01a1ng \u0111\u1ed1i tinh g\u1ecdn so v\u1edbi vi\u1ec7c th\u00e0nh l\u1eadp ph\u00e1p nh\u00e2n m\u1edbi&#8230;.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65,64,63],"tags":[],"class_list":["post-10131","post","type-post","status-publish","format-standard","hentry","category-ban-tin-phap-ly","category-phan-tich-nhan-dinh","category-tin-tuc"],"_links":{"self":[{"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/posts\/10131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/comments?post=10131"}],"version-history":[{"count":2,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/posts\/10131\/revisions"}],"predecessor-version":[{"id":10139,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/posts\/10131\/revisions\/10139"}],"wp:attachment":[{"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/media?parent=10131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/categories?post=10131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dtlaw.vn\/en\/wp-json\/wp\/v2\/tags?post=10131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}