Tiếng Việt
Vietnam-based representative office of a foreign trader (“RO“) is a dependent unit of foreign trader, which is established under the provisions of Vietnamese law to conduct market survey and carry out a number of commercial promotion activities permitted by Vietnamese law.
Before January 30, 2024, The RO is responsible for sending a report according to the form BC- 1 about its activities for the year 2023 by post to the Licensing Authority. When requested by a competent state agency, the RO is obliged to report, provide documents or explain issues related to its activities (Article 32 of Decree No. 07/2016/ND-CP and Circular No. 11/2016/TT-BCT).
Failure to make a report or dishonest report on the activities of the RO or failure to report, provide documents or explain issues related to the activities of the RO as requested by the competent state agency will be considered and punished for administrative violations in the form of fines ranging from 10.000.000 dong to 20.000.000 dong (Article 67 of Decree No. 98/2020/ND -CP).
What can TTVN Legal support Clients?
Based on the specific needs of the clients, our lawyers at TTVN Legal will assist on:
- Consulting on legal regulations related to preparing report, explaination of RO’s activities.
- Collect data and prepare report, explaination.
- Representing clients in contacting competent state agencies for submitting report, explaination.
Contact us if you need further advice.
Note: This article is for informational purposes only and it is not legal advice. The content of the article represents its own TTVN Legal and it is subject to change without prior notice