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Episode Info

Episode Info:

Host Brian Wydajewski introduces San Francisco Global Equity Services partner Nicole Calabro and attorney Tri Trung Pham from Hanoi. They discuss a number of factors that companies must consider when seeking to grant equity awards to employees in Vietnam.

 

 

Key Takeaways:

[1:16] Pham provides an overview of the approval requirements under Circular No. 10 of the State Bank of Vietnam.

 

[4:30] An explanation of why the process for getting approval to award employees company stock in Vietnam can be a difficult one.

 

[5:26] Insight into the multiple requirements include registration requirements, various forms of stock awards, additional points regarding the participants, and a dedicated bank account.

 

[8:07] Pham summarizes the new recording obligations for companies once they have acquired approval under Circular No. 10.

 

[10:38] Calabro details unique challenges that have surfaced while trying to obtain approval under this new ruling.

 

[12:17] Wydajewski summarizes the key aspects of Circular 10 for companies that will be granting equity compensation awards in Vietnam.

 

Mentioned in This Episode:

Baker & McKenzie

 

Disclaimer:

 

Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "partner" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Before you send e-mail to Baker & McKenzie, please be aware that your communications with us through this message will not create a lawyer-client relationship with us. Do not send us any information that you or anyone else considers to be confidential or secret unless we have first agreed to be your lawyers in that matter. Any information you send us before we agree to be your lawyers cannot be protected from disclosure.

 

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