Business in Vietnam
Kindly note that,in most other countries, a company in Vietnam is only permitted to conduct business activities that are narrowly defined and mostly codified into a published list of business activities called “business lines.” Generally, with respect to Foreign Invested Company, the permitted business lines must be closely tied to what is considered necessary for […]
Start a business in Vietnam for foreign investor
If you are now considering possibility of setting up a wholly foreign invested company in Vietnam, it is advised that, establishment of a foreign invested company in Vietnam shall require an Investment Certificate which is equivalent to a certificate of incorporation or business registration certificate from the licensing authority. Depending on the location of the […]
Engaging in the Vietnamese market
Under Vietnam Law, a foreign investor can directly engage in the Vietnamese market in following ways: - Establishment of a new company; - Buying in an existing company with an active management role; - Setting up a branch or representative office; - Engaging with a Business Cooperation Contract with local partner(s). The choice of investment […]
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 […]