Rights of the foreign cultural institution in Vietnam

09:15, 22/09/2018

Recently, the Government of Vietnam issued Decree No. 126/2018/ND-CP on the establishment and operation of foreign cultural institutions in Vietnam.

According to Decree No. 126/2018/ND-CP, during the operation in Vietnam, the foreign cultural institution shall have the following rights:

- Operate in accordance with the contents of the Establishment Certificate or license.

- Rent a parcel of land or a building for establishing the head office and maintaining assets and equipment to serve the operation and daily activities.

- Open Vietnamese dong and foreign currency accounts at a commercial bank.

- Import, temporarily import, re-export, transfer and liquidate the assets and equipment, which are necessary for their operation and daily activities, according to the laws of Vietnam.

- Recruit employees from Vietnam or from a third country.

- Establish relationships with related agencies in Vietnam in their activities.

- The rights and legal benefits of the foreign cultural institution and their branches, managers and employees will be protected by Vietnamese Government according to Vietnam's laws and the international treaty to which Vietnam is a signatory.

More details can be found in Decree No. 126/2018/ND-CP of Vietnam’s Government, which takes effect from November 05, 2018.

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