How to set up a company in Vietnam to conduct import and export right of mineral?
We would like to provide some information on possibility of setting up a foreign invested company (hereinafter referred to as the “NewCo”) in Vietnam to conduct import and export right of mineral as follows: Please be informed that it is possible for you to setup the NewCo in Vietnam to conduct the import and export […]
Businessman should be interested in taxes in Vietnam
Business License Tax Business License tax is an annual fee on the establishment of production and business activities of all economic sectors. All organizations and individuals engaged in business are liable to pay the license tax. The purpose of the license tax is to inventory, control and classify of production and business establishments. Therefore, the […]
Trade Union under the Vietnam Labor Code
Under Vietnamese law, Trade Union is defined as an organization of the workers class and Vietnamese workers who represents and protects the legitimate rights and interests of employees, civil-servants, state employees and workers, educating workers and mobilizing workers to study for their self-improvement of knowledge and professional skills as well as compliance with the Vietnamese […]
Labor contract under Vietnam Labor Code
Labor Code of Vietnam 1994, amended in 2002, 2006, 2007 and 2011 covers many aspects of labor relationships including employment, contract, wages, working hours and holidays, collective labor agreement, occupational safety and hygiene, separate provisions on female employees, resolution for labor disputes, trade unions, social insurance, etc. Under Vietnamese law, labor contract shall be entered […]
Investment Capital requirement for new project in Vietnam
Generally, there is no requirement for minimum investment capital for incorporating a company in Vietnam, except for the conditional investment sectors or business lines. Nevertheless, for smooth process of Investment Certificate, it is advisable that investor exhibits enough capital resources to successfully realize the business goals that would be set out in the Investment Certificate. […]
About location of new factory in Hanoi, Vietnam
In Vietnam, the land is owned by the State. The investors can lease land lot to establish their project. The foreign investor can either lease land or rent an existing factory space. There are three ways of leasing a factory site. a. The investor can approach the Hanoi People Committee requesting recommendations on different properties […]
Vietnam Registration company for manufacturing foodstuff for exportation
It is our understanding that you (foreign investor) now consider setting up a new company in Vietnam manufacturing foodstuff for exportation (hereinafter referred to as “NewCo”), S&B Law would like to provide some information as follows: It is our understanding that you (foreign investor) now consider setting up a new company in Vietnam manufacturing foodstuff […]
Obtaining Operating Service Provider License (OSP License)
In order to implement the plan of business expansion in Vietnam in the coming years, the Company intend to provide internet telephone services. Under Vietnam Law, it is required the Company to obtain OPS License from Ministry of Information and Communication. Under Vietnam Law, as Internet Telephone Service is considered as a conditional business line […]
Open company in Vietnam to manufacture clothes
We would like to advise on possibility of setting up a foreign invested company (hereinafter referred to as the “NewCo”) in Vietnam to manufacture clothes in Vietnam as follows: 1. Law on investment in Vietnam. Under Vietnam Law, the establishment of the NewCorequires an Investment Certificate from the licensing authority. Depending on the location of […]