Frequently Asked Questions
Q: At what stage does SPL support Foreign Direct Investors (FDI)?
A: SPL partners with investors from initial market research, corporate structure selection, IRC/ERC licensing, to post-establishment operations. We hold extensive experience with investors from South Korea, Japan, Singapore, and Europe.
Q: How are investment advisory fees structured?
A: SPL provides project-based fee quotes following an initial complimentary consultation. There are no hidden fees — the entire scope and budget are confirmed in writing prior to execution.
Q: Do small and medium enterprises (SMEs) need restructuring advisory?
A: Yes. Restructuring is not limited to large conglomerates. SMEs require restructuring when revenue increases but profits decline, prior to fundraising, or when spinning off divisions into independent legal entities.
Q: How long does an M&A transaction typically take?
A: Typically 3 to 6 months depending on complexity. The Due Diligence phase usually spans 4 to 6 weeks. SPL establishes a detailed timeline from day one to keep all parties aligned.
Q: How long does building an internal governance system take?
A: Typically 2 to 4 months for a medium-sized enterprise. SPL implements in modules — starting from the most critical areas (e.g., financial authority delegation or approval workflows) before expanding across the entire organization.
Q: Can our company operate independently after SPL hands over the system?
A: Yes. SPL designs systems for independent internal operation — complete with documentation, SOPs, and staff training. SPL also offers quarterly maintenance support if desired.
Q: Must foreign-invested (FDI) enterprises comply with Decree 13/2023?
A: Yes. Decree 13/2023/ND-CP applies to all organizations processing personal data of individuals in Vietnam, including foreign-invested enterprises.
Q: What are the penalties for personal data protection non-compliance?
A: Under applicable regulations, administrative fines can reach up to 5% of annual revenue in Vietnam for severe violations, alongside potential suspension of data processing operations.
Q: How do we determine which specialized sub-licenses our business requires?
A: SPL offers a complimentary licensing audit during the initial consultation. By providing registered business sectors and operational descriptions, SPL compiles a full mandatory license inventory.
Q: Does SPL assist with periodic license renewals?
A: Yes. SPL provides annual license monitoring and renewal packages — including schedule reminders, dossier preparation, and authorized government filings.
