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  • 2019-05-15T09:43:16.373

    How to get a work permit for Vietnam

    How to get a work permit for Vietnam   There are several job categories that foreigners can apply for, and specific conditions they must meet to qualify.   The liberalisation of Vietnam’s economy has created favourable conditions for those looking to expand their business to the country. The flow-on effect has been an increase in opportunities for foreign workers in Vietnam.   The Vietnamese government has improved its legal framework to manage this economic development and social security - especially around foreign workers - more effectively. Decree no. 11/2016/ND-CP and the guidance Circular no. 40/2016/TT-LDTBXH have been issued, which updates the requirements for work permit applications.     Here’s what you need to know when applying for a work permit in Vietnam.   There are several categories under which foreigners can apply for a work permit, and they include:   - Specialists - Managers and executive directors - Interns - Short-period contract experts.   A specialist must be certified by the relevant foreign authority or organisation as an expert; have a university equivalent or higher degree; have at least three years’ working experience in the speciality in which they were trained; have work experience compatible with their proposed position in Vietnam.   According to the Law of Enterprises, a manager can be an owner of a private company, a general partner, the chairperson or member of the board of members, the company’s president, the chairperson or member of the Board of Directors, Director/General Director, or a person holding another managerial position who is entitled to enter into the company’s transactions according to the company’s charter.     A manager can also be the head or deputy head of an agency or organisation.   An executive director is a person who is the head of, and the direct executive operator of, a subsidiary unit of any organisation or enterprise.   Foreign students must have an internship agreement signed with an agency, organisation or enterprise in Vietnam.   There is another category that covers foreigners entering Vietnam for less than 30 days to work as a manager, executive director, expert or technician. However, the cumulative period of working in Vietnam in a year must not exceed 90 days.   CAN I WORK IN VIETNAM WITHOUT WORKING PERMIT   Yes, You can. If you are in one of the following cases:   - Working duration is less than 3 months. - Members of a limited company which include more than 1 member. - Owner of one member limited company in Vietnam. - Members of BOD at a joint stock company. - Doing service sales activities for a foreign company in Vietnam. - Foreign lawyer with a law practice license issued by the Ministry of justice. What can go wrong?   The government of Vietnam will deport any foreigner who is working in Vietnam without a work permit, or on an expired one.   As for employers, an administrative penalty ranging from VND5 million to VND10 million will apply if they fail to, or insufficiently report, any employment of foreigners to the authorised agencies.     If employers employ any foreigner without a work permit, with an outdated one, or without confirmation issued by the competent authority of work permit exemption, the employers will be subject to penalty ranges as follows:   - VND30 million to VND45 million for up to 10 foreign workers - VND45 million to VND60 million for 11 to 20 foreign workers - VND60 million to VND 75 million for over 21 workers.   Employers could also be suspended from operating for up to three months if the violation is serious enough. May be you care: - Buying Property in Vietnam as a Foreigner - Apartment for rent in Ho Chi Minh city  
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  • 2019-05-14T14:59:22.153

    Buying Property in Vietnam as a Foreigner

    Buying Property in Vietnam as a Foreigner   There is a common misconception that foreign citizens or companies cannot own property in Vietnam. In reality, it is possible. However, there are certain conditions that you need to bear in mind when buying property in Vietnam.   We have put together this guide to shed light on ways how foreign investors can obtain property in Vietnam. Vietnam’s new law to foreign ownership of property   Below, I’ve summarized the most important information to take note of the new law:   - Foreigners can buy properties by simply possessing a tourist visa - There’s no cap to the amount of properties you can buy - Foreigners are restricted to buying a maximum of 30% of the units in condominiums and cannot own more than 10% of the properties in a landed project - Foreigners can now buy houses, but only 250 of the houses in a given ward (division). To read more about the districts and wards in Saigon, I recommend you to check this wiki-page - The leasehold period is still 50 years, but can be renewed - If you have a Vietnamese spouse, you can get a freehold tenure     Who can lease land in Vietnam?   Citizens of Vietnam, local organizations or foreign-owned companies can purchase the right to use land and to build on it.   The length of a lease agreement that allows you to use land in Vietnam depends on the government. In general, the maximum length is 50 years, and it is also possible to renew the agreement for another 50 years.   Can foreigners buy property from Vietnamese people?   Foreigners often buy property directly from developers on the primary market, or from foreigners that previously bought property on the primary market.   There are restrictions on the secondary market as you can’t buy property from local citizens in case the foreign quota is already filled (30%).     Vietnam ownership certificates of property   When you purchase a property from a developer, it’s important that you receive an ownership certificate. In 2017, foreigners had issues getting their property ownership certificates, this understandably caused some frustration.   So why did this happen?   According to law, foreigners cannot own properties in areas that are reserved to protect the national defense and security.   And it’s up to the Ministry of National Defense and the Ministry of Public Security to decide whether a property is located in an area that is reserved to protect the national and security. I cannot stress the importance that you make sure that your prospective property can be owned by you as a foreigner, and confirm, prior to the purchase, that you will be able to receive the ownership certificate. The pink book   The ownership certificate is often referred to as the pink book. The name comes from the small pink book that you should receive after you purchased a property.   The book shows your ownership and rights of your property. It will give you right to lease your property and declare information regarding inheritance, for example.   Shortly speaking, pink books are used for the title to verify the ownership of properties.   The red book   There’s also a red book that’s been used for a longer time than the pink book. The red book is used for the title to ownership of land, instead of physical structures, like houses and condos.   Thus, the pink book is more common for foreigners that normally invest in properties like condos, which are less regulated. Do I need to receive the pink book when buying property in Vietnam?   Shortly speaking, the pink book is used for the title to ownership of property. Even if an SPA (Sales and Purchase Agreement) can be used to prove that you bought the property, the strongest evidence of ownership is to have both of them. Remember:   - The pink book is considerably the strongest proof of ownership, though it’s not a legal requirement to have one - The SPA (Sales and Purchase Agreement) is equally, if not more, important - You can face more difficulties to sell your property without having the pink book   What does the pink book include?   The pink book declares that you can: - Use your house for residential and other purposes - Demolish, maintain, renovate or rebuild your house, if complying with the conditions and procedures of Laws on construction - Do transactions when selling, mortgaging or leasing the property   Process when buying property in Vietnam   Before you decide to invest in Vietnam, you need to understand the buying process. You don’t want any surprises or unknown fees to come up later in the process.   Below, I have made a list of important items you need to consider during the buying process. 1. Paying for a property in Vietnam     This is the initial step of the process, and an important one. Do you plan to pay with cash assets, housing loan or a combination of both?   In Vietnam, it was previously common that locals paid with real gold, due to the volatility in VND (Vietnamese Dong). This is not the case anymore though.   Nowadays, transactions are normally made in VND (USD can’t be used when buying property in Vietnam).   2. Why do you plan to buy?   You also need to ask yourself why you want to invest in Vietnam. If you look for high appreciations, developing areas in Ho Chi Minh City can be a good choice, as it’s currently attracting a lot of foreign companies, expats and wealthy locals. If you look for a beach side resort, Da Nang or Nha Trang could be better choices. Da Nang has experienced great increases in housing prices recently and gets heavily developed. Later in this article, I will explain more about interesting places for property investments. You can also read my separate articles that list new upcoming property projects for sale in Ho Chi Minh City, and other cities. 3. Hiring a property lawyer in Vietnam     I recommend you to hire a Solicitor (lawyer)for larger transactions, and when buying landed property. The Vietnamese market opened recently to the foreign world, so there can be some roadblocks on the way.   However, foreigners rarely hire property lawyers when buying condos on the primary market. Reputable developers (like Novaland and CapitaLand) primarily build and manage the new condo projects you seen in Ho Chi Minh City.   You’ll find both local and foreign developers that are reputable, follow standards, and have managed dozens of projects in the past.   Normally, your estate agent or developer will involve a property lawyer where needed throughout the process.   4. Booking a property/condo   When your agent has helped you to find a project and unit you like, it’s time to pay a non-refundable deposit of VND 100 million.   The deposit is paid by credit card or bank telegraphic transfer, whereby you sign the Option to enter into Deposit Contract Agreement.   5. Pay the first instalment & enter Deposit Contract   You need to pay the first installment within 14 days after you’ve paid the first deposit. The payment is managed by bank transfer.   When you’ve paid the first installment, you’ll enter into the Deposit Contract and the Deposit Contract shall be non-transferable.   6. Pay the following installments per schedule   Pay the following installments as concluded in the contract.   7. Sales & Purchase Agreement (SPA)   Drafting and execution of the SPA (if eligibility for foreign ownership is confirmed) and the SPA shall be transferable.   8. Handover of the unit   Before you can acquire the unit, you need to pay the maintenance fee (2% of the purchase value).   On top of the maintenance fee, you need to pay 1 year of management & operation charges, the registration fee (0.5%), and an additional installment.   9. Preparation for granting the pink book   When you’ve signed the SPA and managed your financial obligations, you need to submit documentation for the application to receive the pink book.   10. Final payment   Make a final payment within 14 days after you’ve taken notice to receive the pink book.  
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  • 2019-05-07T16:08:37.953

    Vietnamese Customs And Traditions

    If you’re a modern-day traveler who goes out of your way to not feel like a tourist, Vietnam is an exciting destination to consider. But those do not speak the language or understand the customs and traditions that still prevail, encountering with them are often unsettling.   Traditional Vietnamese customs and traditions have been formed time to time for thousands of years. This creates a long-lasting culture. Despite of the domination of Chinese and other powers, Vietnamese people still remains their unique cultural identity.     In the course of development, customs and traditions are indispensable spiritual field in Vietnamese culture. It is the original cultural values of the country strongly that define the identity and the long-lastingness of culture in Vietnam. In the entire history of Vietnam, Vietnamese culture is the combination of native culture, cultural exchange with China, Asian region and western countries.   However, with a firm native culture, Vietnamese people keep their culture away from being assimilation, and “Vietnamizing” those cultural features instead. Vietnam culture is characterized by a series of unique customs and traditions such as worshiping ancestors, chewing betel, and other customs in traditional ceremonies like funeral ceremony, long-life ceremony, etc.   These customs and traditions are associated with community of villages, communes. Vietnam is a country of festivals, especially in spring. There are several famous festivals featuring Vietnamese culture like Tet Nguyen Dan, Tet Nguyen Tieu, Tet Han Thuc, Tet Doan Ngo, Mid-Autumn Festival, etc. Yet, customs and traditions of Vietnamese people vary from region to region, and ethnic group to ethnic group.   Some information that you won’t find in lonely planet and that will help you to gain some insight into our culture. Make sure you read it before visiting Vietnam so that you can easier blend in with the locals and have a memorable trip by discovering other ways of thinking!   1. Ancestor Worship   Since thousands of years ago, Vietnamese people have the custom of worshiping ancestors to commemorate their origin. The custom came into being based on the belief of the soul’s immortality after the death. Worshiping ancestors becomes one of traditional Vietnamese customs, ethical norms, and principles.     Vietnamese believe that the soul of a dead person, even if dead for many generations, still rests along with their descendants on earth. The dead and living persons still have spiritual communion; in everyday life, people must not forget that what they enjoy and how they feel is the same for their dead relatives.   It plays an important role in the religious spiritual life of Vietnamese, especially in the countryside. In each family, there is an ancestor altar situated at the most respectful position. In special occasions, here is the place where family members worship to pray for best wishes. Traditionally, ancestor altar is located in the biggest room of a house with the display of specialized offerings.     On the last day of every lunar year, an announcing cult, cung tien thuong, is performed to invite the dead forefathers to return home to celebrate Tet holidays with their families. During the last days before Tet, all family members visit their ancestors’ graves; they clean and decorate the graves, in the same manner that the livings clean and decorate their houses to welcome the New Year.   On the anniversary of an ancestor’s death, descendants and relatives unite and prepare a feast to worship the dead people and to ask for health and happiness for themselves. From generation to generation, ancestor worshipping customs have been religiously preserved. There are some small variations between those customs among the many Vietnamese ethnic groups, but the common theme of fidelity and gratitude towards the ancestors   Nowadays, owing to the influence of modern life, few houses have ancient ancestor altars. These altars might be placed on a panel attached to the wall, even on top of cabinet. Over the time, there is a change in ways of worshiping, but the Vietnamese custom remains its meaning.     A very popular belief among Vietnamese is the custom of the ancestor cult. In every household, an ancestor altar is installed in the most solemn location.   2. Burning votive paper   When visiting Vietnam, many are our travellers and friends who wonder “Why Vietnamese people burn colored papers?” This papers are known as “votive papers”, which can be houses, clothes, fake money, cars, motorbikes... made of paper. They represent gifts for the ancestors.     After being burnt, a little wine is sprinkled upon the ashes so that the spirits can ascend to heaven and bring the gifts for the ancestors to use them. This ritual takes place regularly on particular days such as festivals, new and full moon days, yearly ancestors’ death anniversaries or the Lunar New Year.   Burning votive papers in Vietnam is a tradition without being able to determine the origin despite the different explanations. Anyway, when people are dead, family members want the dead to have a better life in another world.     Vietnamese people believe in general that the dead have a life in the Source of Gold. So that the objects in form of paper that the livings offer to the dead are burned. Over time, at the present time, burning the votive paper in Vietnam is gradually becoming a tradition.   This practice originates from the idea that in Vietnam, death is not the end of someone’s life, but just another state. Burnt votive offerings are meant to be sent for the dead to use in the afterlife. Usually, votive items represent valuable objects (money, clothes, houses, cars…). It’s as if the deceased could still enjoy material life in his new state of being. Votive papers actually symbolise the link between life and death.     Votive papers can also be used and burned for the sake of living people or for daily matters like better results to your exams, better revenues for your business, to get rid of some disease or more generally to bring safety, happiness and good luck to your loved ones.   3. Wedding   Marriage is one of three most important event in one’s life in Vietnam. Wedding custom in Vietnam is quite complicated. Before an official wedding of a couple, a ceremony of engagement must be held first. In accordance with Vietnamese tradition, engagement ceremony is an official occasion for families of fiancé and fiancée to mark their relationship and to arrange the wedding.     Each family need to prepare a representative who is a family member having a happy life and high-ranking position in the family. In the day of engagement, the representatives of two families will have some announcement about the wedding and exchange gifts.   The time of wedding is chosen suitably based on lunar calendar. Gifts which are put in trays are prepared by the family of fiancé a few days before the engagement ceremony. The number of trays must be an odd number (5, 7, 9, etc.) which is suitable to the condition of the fiancé’s family. In Vietnamese habits, odd numbers are thought to bring luck to the couple. In the trays, there are betel leaves, areca nut fruits, wine, tea, husband-wife and sticky rice. These trays are covered by papers or cloths in red.     Visiting a Vietnamese wedding? Get ready for the rendition of English-language pop songs. It’s both sad and hilarious that traditional Vietnamese songs are rarely played at this occasion. A wedding party will feature songs from Boney M, Modern Talking, Westlife, Backstreet Boys and Michael Learns to Rock songs.   In the wedding day, the couple has to stay apart to avoid unlucky things. The family of bride and guests will wait for the arrival of the bridegroom. Before the groom party is due, the bride slips away to don her wedding dress.     The wedding ceremony starts in front of the ancestor altar. The bride and groom pray and ask for permission of their ancestor to get married, and receive best wishes in their future family. Next, they bow to the bride’s parents to express great thank for raising and protecting her. Then, they bow to each other to show their gratitude and respect.   The master of the wedding ceremony will declare the couple becomes a new family, they take turn to exchange wedding rings, and parents give gifts to the couple. After the marriage, the wedding banquet will be held to introduce the groom and bride to guests who are not invited to the marriage ceremony. Then, the bride will leave for the groom’s house where she will live.   4. Funeral ceremony   “The sense of the dead is that of the final,” says a Vietnamese proverb, meaning that funeral ceremonies must be solemnly organized.   Traditionally, Vietnamese people believe that death is one of the most solemn ceremonies as “The sense of the dead is that of the final”. The funeral ceremony in Vietnam undergoes several steps.   - First, the body will be washed and dressed; then, a pinch of rice and three coins are put in the mouth of the body, then lay chopstick between his teeth. After that, the body is put on the ground with the meaning that “being born from the earth, one must return back to the earth.”   - Next, he is enveloped with white cloth, and put in to the coffin.   - Finally, the master of the funeral officially performs the funeral ceremony. During these days, all family members have to wear coarse gauze turbans and tunics, and hats made of straw, or dry banana fiber.     The deceased person’s sons, daughters, and daughters-in-law had to wear coarse gauze turbans and tunics, and hats made of straw or of dry banana fiber. The deceased person’s grandchildren and relatives also had to wear mourning turbans. During the days when the dead were still laid out at home, the mourning went on with worshipping meals and mourning music. Relatives, neighbors, and friends came to offer their condolences.     The date and time for the funeral procession, le dua tang, must be carefully selected. Relatives, friends, and descendants take part in the funeral procession to accompany the dead along the way to the burial ground. Votive papers were dropped along the way.   Worshiping meals and music are offered to the dead during these days. All relatives, neighbors and friends come to offer their condolences. The funeral procession is conducted. All relatives, friends, and family members join the procession to accompany the dead to the burial ground.   After three days, the there is a ritual of opening the grave. After 49 days, the family stops offering meals for the dead to the altar. 100 days later, the ritual of “the end of the tears” is celebrated. The mourning will end after three years. Nowadays, although mourning ceremonies follow simple rituals, they keep traditional meaning and solemn ceremonies to express their respect to the dead.     These above traditional customs and traditions of Vietnamese people are among the most common ones in all part of the country. Besides, such customs and traditions as chewing betel, celebrating long-live ceremony, and other customs in daily life are expressed colorfully and excitingly. All of them contribute to the unique cultural identities of Vietnamese people.   Nowadays, mourning ceremonies follow new rituals which are simplified; they consist of covering and putting the dead body into the coffin, the funeral procession, the burial of the coffin into the grave, and the visits to the tomb. The deceased person’s family members wear a white turban or a black mourning band.   5. Tet Holiday   The Vietnamese New Year (Tet) takes place from the first day of the first month of the Lunar calendar (around late January or early February) for at least three days. It is a joyful family reunion full of smiles and blessings to express the filial piety, the family bonds and the desire for an coming year full of happiness, prosperity and goodness.     As you can see, Vietnam is not only a country with beautiful beaches, majestic mountains and delicious gastronomy. Throughout Vietnam’s rich and long history, what features prominently is the entire country’s effort to preserve the national identity and the fascinating cultural heritage which has been passed down from generation to generation, obtaining as a result, a sublime fusion between traditional and contemporary values.     Nevertheless, although Vietnam is very proud of its traditions, its people have at the same time one of the most liberal mindsets in Asia. But this is another topic that we will broach soon!   6. Celebrating a baby’s first month   Celebrating a one-month-old baby is like commemorating a president’s first 100 days in office. Additionally, many Vietnamese mothers are expected to rest indoors (and even take no shower) for a month after giving birth. At the celebration, friends and family present mother and child with luck money.     The Vietnamese day thang (full month) party is a tradition that has much in common with the Chinese custom of ‘manyue’. Both celebrate a newborn completing its first full lunar month in the world. This means 28 days for a girl and 29 for a boy. Why the difference? Maybe because baby boys are weaker than baby girls.   I asked some Vietnamese people this question but nobody could give me an answer any more than they could answer why baby girls wear pink and baby boys blue. Anyhow, the point is with infant mortality rates high in the past actually surviving the first month was something to celebrate.     A month also gives a baby some time to build up immunity to germs before being exposed to a lot of people fussing and breathing over them. It is only at the full month party, under Vietnamese tradition, that a baby is given a name, which is announced to the world.   7. God of Wealth Worship in business   According to Vietnamese conception, Than Tai ( God of Wealth) is a sort of "benefactor" to bring fortune into business. In principle, the altar should be placed in a well ventilated position, in a corner of the house or in front of the entrance. That is why you will find a small altar like this one in almost every shop, boutique, restaurant, hotel in Vietnam.   The Vietnamese think that God of Wealth used to be in heaven. Once due to drinking too much, he fell into this world and lost his memory. He started to go begging for daily survival.     Accidentally, he met a nice owner of an eatery and was invited to come and have a hearty meal. The shop was having a very few customers, but when the old man entered, suddenly the visitors came in and out crowdedly. Noticing that, this owner kept the begging man to stay so that the business can be enhanced.     After a while, the old beggar began to remember everything and returned to heaven. The day he flew back to the sky was the 10th day. So that Vietnamese ancestors considered the 10th day each month as the day of the God of Wealth. Moreover, on the 10th day of the first lunar month, people will do the first God of Wealth worship of the year. On this day, the families of business pray for a new year full of fortune and money.   This article is summarized by Modoho - a trusted agency in Ho Chi Minh city. If you need any help from a local expert with free searching services (only landlord have to pay) feel free to contact us. Here is some listing for you:   Masteri Thao Dien for rent. Vinhomes Central Park for rent. Estella Heights for rent. Apartment for rent in District 2 (Thao Dien).
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Modoho comprehensively understand that finding an ideal apartment is not easy. It takes a lot of time and effort from searching house on the internet, verify information, checking price, negotiation to signing contract, and It will be very difficult since landlord can't speak English. Finding apartment for rent in HCMC  with Modoho, it would be extremely headache free as:

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