By 2020, automobile price is reduced towards 2020 and an orientation towards 2030
Taking effect on the signing date, the Decision No. 1829/QD-TTg issued on October 28, 2015 of the Prime Minister mentions on ratification of action plan for development of automobile and automobile part industry to implement Vietnam’s industrialization strategy within the framework of Vietnam – Japan cooperation towards 2020 and an orientation towards 2030. Under the […]
Individuals may import only 1 automobile and 1 motorcycle within one year
This is regulated under the Circular No. 143/2015/TT-BTC dated September 11, 2015 of the Ministry of Finance prescribing customs procedures for, and management of, automobiles and motorcycles of subjects permitted to import or temporarily import these automobiles and motorcycles for noncommercial purposes. Specifically, Vietnamese organization or individual may, within 1 (one) year, import only 1 […]
May import used equipment with age not exceed 10 years
This is one of the significant contents under the Circular No. 23/2015/TT-BKHCN dated November 13, 2015 of the Ministry of Science and Technology on import of used machinery, equipment and technological lines and it takes effect on July 01, 2016. A piece of used equipment may be imported if it satisfies the following criteria: its […]
Maximum level of fees should not exceed vnd 200,000/copy
On October 12, 2015, the Ministry of Finance and the Ministry of Justice promulgated the Joint Circular No. 158/2015/TTLT-BTC-BTP on regulations on collection, payment and management of fees for certification of true copies from originals, authentication of signatures, contract and transactions. The Joint Circular regulates Level of fees collected for certification of true copies from […]
May transfer capital overseas for investment
According to the Decree No. 83/2015/ND-CP dated September 25, 2015 prescribing offshore investment, an investor may transfer foreign currency, goods, machinery and equipment overseas before being granted an offshore investment registration certificate to pay expenses for the formulation of an investment project including: Market and investment opportunity research, field survey…. Of which, the limit on […]
Establishment of company conducting franchise consultancy services in Vietnam
Question: We are Italy company and would like to open company conducting franchise consultancy services in Vietnam, please advise? Answer: This is reference to your email from which, we understand that you would like us to advise on establishment of a wholly foreign invested company (hereinafter referred to as “FIC’) in Vietnam. We further understand that […]
Incorporation Services Procedures, Guidelines and Quote Request in Vietnam
Question: We are foreign company and would like to invest in Vietnam, kindly provide us with the guidelines and procedure along with your best quotation for Incorporation Services in Vietnam. Thanking you in advance for your valuable time. Answer: This is reference to email dated 25th November 2015, from which, we understand that youwould like us to provide (i) an outline of difference entry […]
Establishment of companyimporting and trading Ham, Liquors, coffee, oil, vegetables, beer, sausce, honey andcheese in Vietnam
Question: We want to open companyimporting and trading Ham, Liquors, coffee, oil, vegetables, beer, sausce, honey andcheese in Vietnam, please advise. Answer: This is reference to your email from which, we understand thatyou would like us to advise on establishment of a wholly foreign invested company(hereinafter referred to as “FIC’) in Vietnam. We further understand that […]
Cooperation Contract - BCC in Vietnam
Question: We are foreign company and would like to do BCC with Vietnam partner, we have a question as follows: BCC is allowed in Vietnam and there is no need to form a new entity, as such we can look for a wine import company and then sign BCC with them to do import and distribution […]