Question: We are a Singapore based logistic forwarder and would like to set up Vietnam offices in Hanoi and Saigon in 2018.
Can you please provide the scope of service regarding set up FDI in freight forwarding sector and quotations? Any questions, please feel free contact with me.
Answer: As your question, we would like to advise as follows:
Under Vietnam Law, a forwarder/logistic company can provide services here under:
- Warehouse service: For this service, you can setup 100% foreign owned company in Vietnam.
- Custom clearance service: For this service, you shall have to joint venture with a local partner in Vietnam. However, you can own up to 99% shareholding in such Joint Venture Company.
- Freight road transportation: For this service, you shall have to joint venture with a local partner in Vietnam. However, you can own up to 51% shareholding in such Joint Venture Company.
- Passenger road transportation: For this service, you shall have to joint venture with a local partner in Vietnam. However, you can own up to 49% shareholding in such Joint Venture Company.
- Freight Transportation agency: For this service, you can setup 100% foreign owned company in Vietnam.
- Passenger Marine transportation: For this service, you shall have to joint venture with a local partner in Vietnam. However, you can own up to 49% shareholding in such Joint Venture Company.
- Freight Marine transportation: For this service, you can setup 100% foreign owned company in Vietnam.
- Container Handling Services (except for one provided at airports): For this service, you shall have to joint venture with a local partner in Vietnam. However, you can own up to 50% shareholding in such Joint Venture Company.
Please let us know which services you shall provide in Vietnam? Then, we shall submit you our legal service proposal.
