Investment certification procedures in Vietnam
1. Files for investment registration a) The files include: Proposal for investment registration (as stipulated form); Report on financial capacity of investors (the investor will make and be responsible for this report). With respect to the investment projects associated with the establishment of economic organization, in addition to the files regulated in item 1 of this […]
Overview of investment certification processes in Vietnam
The Diagram of Procedure Sequences: Notes: - (1), (2), (8), (10): at the District-level People’s Committee where the project is carried out (if the project has domestic capital with the area under 0.5 ha and the capital is under VND 15 billion); at Department of Planning and Investment (other projects) - (3), (9): at […]
Preparation, registration/Assessment for Investment Certification in Vietnam
Investors will make their own decision on investment projects and be responsible for the accuracy, truth of investment registration contents, investment project documents and performing registered commitment. Organizations, individuals being competent to establish projects, make investment decisions, investigate or certify investments will be responsible to the law for their proposals and decisions. With respect to […]
Executive summary of doing business in Vietnam
Vietnam has attracted many multinational corporations, including those that seek ways to diversify their operations away from China in their ‘China plus One’ manufacturing strategies. Vietnam’s 87 million-strong population boasts a large and young workforce that has also seen an increase of disposable income in recent years. Starting from a low economic base in the […]
Audit and Accounting in Vietnam
Foreign-invested business entities are generally required to adopt the Vietnamese Accounting System (’VAS’). If a company strictly follows the VAS, registration with the Ministry of Finance (’MoF’) is not required. However, if the VAS is modified, a written approval from the MoF is required before implementation. Accounting records are required to be maintained in VND. […]
Double Tax Agreements (’DTAs’) in Vietnam
The withholding taxes in the table on page 10 may be affected by relevant DTAs. For example, the deemed CIT on foreign contractors may be eliminated or reduced through a relevant DTA. Vietnam has signed more than 60 DTAs and others are at various stages of implementation and negotiation. The agreements in force include those […]
Build-operate-transfer (’BOT’), Build-transfer (’BT’) and Build-transfer-operate (’BTO’) Contracts in Vietnam
Foreign investors may sign BOT, BT and BTO contracts with a competent State body to implement infrastructure construction projects in Vietnam. Typically, the contracts are for projects in the fields of transportation, electricity production, water supply, drainage and waste treatment. The rights and obligations of the foreign investor will be regulated by the signed BOT/ BT/BTO contract. […]
Business cooperation contract (BCC) in Vietnam.
An BCC is a cooperation agreement between foreign investors and at least one Vietnamese partner in order to carry out specific business activities. This form of investment does not constitute the creation of a new legal entity. The investors in a BCC share the revenues and/or products arising from a BCC and have unlimited liability for […]
Registration of certification trademark in Vietnam
As one of the leading IP Vietnam law firms, we are capable of assisting client with handling registration of certification trademark in Vietnam. I. GENERAL INFORMATION AND RELEVANT PROCEDURE According to prevailing IP law of Vietnam, “Certification mark” is a mark licensed by its owner to other organizations, individuals to use for their goods or services in […]