Korean Corporation Wants to Build Racecourse in Vietnam

 



Chairman of the Korea’s Horse Racing Corporation Mr Choi Hank Soo have just had a meeting with the People’s Committee of Bac Ninh province (Vietnam) to explore opportunities fo

r cooperation in this locality by setting up a business.

At the meeting, Mr Choi Hank Soo said that the purpose of this trip to Bac Ninh is to explore investment opportunities to build the racecourse and entertainment complex in Thuan Thanh district (Bac Ninh), with investment capital in the first phase reaches 500 million USD.

When the project goes into operation, it will form the kind of attractive sport and entertainment services for the community, creating jobs for 5,000 – 10,000 labors, making great contribution to the budget and contributing to the economic and social development of Bac Ninh province.

According to Chairman of Bac Ninh province, this highly feasible project has large-scale investment, under conditional business lines that require the approval of Vietnam Prime Minister. Provincial Leaders recommended the Korea Corporation to coordinate closely with the concerned departments to complete the procedures according to Vietnam law, submitting to the ministries and Prime Minister for approval.

Chairman of Bac Ninh province also committed that within 10 working days from the time receiving the approval of Prime Minister, this province will complete the legal formalities for the project to be implemented soon and put into operation in an effective way.

Reportedly, a project to build 27-hole golf course is being implemented in Thuan Thanh district (Bac Ninh).

Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Dispute Resolution with the Help of Arbitration Lawyers in Vietnam

Hình ảnh
Dispute Resolution Through Arbitration Dispute resolution methods are litigation, negotiation, mediation and arbitration. Handling disputes requires the skills from litigation law firm with  dispute lawyers in Vietnam  whom bring in experience and knowledge to provide resolutions to complex cross-border issues, commercial and civil disputes. If the agreement between parties refer to arbitration as a method of dispute resolution, then it is suggested to engage arbitration lawyers in Vietnam for advice and representation. Litigation at court or dispute through arbitration In Vietnam, most of contracts refer to litigation at court as a method of dispute resolution. The overload of works the court might make dispute resolution taking over a long period of time, discouraging disputants to use litigation at court. Thing has changed over the last 10 years or so after the introduction of Law on Arbitration. In the current business environment, many lawyers have been introduced to arbitration a
Đọc thêm

What Are the Order of Disciplining Employee in Vietnam?

Hình ảnh
What is labour discipline in Vietnam? Labour discipline is the provisions on compliance matters relating to work time, technology and production and business management in labor regulations. But how to ensure the employer could apply the right labour discipline? Many employers only seek consultation from lawyers at  labour law firms in Vietnam  for guidance when it is too late. In general, it can be understood simply that when an employee violates the labor regulations, depending on the extent and regulations of the company, he or she will be subject to disciplinary action. The order of disciplining labor is conducted in accordance with the provisions of labour code in Vietnam. Failing to follow the order of discipline would lead to potential disputes which both employer and employee should consult with  dispute lawyers  at labour law firms in Vietnam for advice to protect their best interests. What are order of disciplining employee in Vietnam? Firstly, the employer must confirm the e
Đọc thêm

How to Set up a Joint-Stock Company in Vietnam in 2023?

Hình ảnh
Joint-stock company is a type of enterprise recognized by Vietnam law, besides other types being limited liability company, partnership and private enterprise. A joint-stock company has legal status from the date of issuance of the Certificate of Business Registration by Vietnam authority. It is not suitable for all investors to  set up a joint-stock company in Vietnam . Therefore, it is important to consult with  corporate lawyers in Vietnam  to learn the advantage of different forms of  companies to be set up in Vietnam  for the efficient management and purpose of the owner. Joint-stock company can issue shares According to the definition of the Law on Enterprises, a joint-stock company is an enterprise whose charter capital is divided into equal parts called shares. Shareholders of a joint-stock company can be organizations or individuals, and the minimum number of shareholders of the company is 03 people. There is no limit on the maximum number of shareholders, so it will be conven
Đọc thêm