Rate of foreign worker/total employee in Vietnam company
According to the regulations stated in the Decree No. 102/2013/ND-CP detailing a number of articles of the Labor Code regarding foreign worker in Vietnam, there has been not any regulation on the rate of foreign worker / total employee in company. With regard to salary, in the licensing process of work permit, Vietnam company should declare […]
Setting up a Vietnam company for export of goods
If foreign investor would like to set up a Vietnam company for export of goods, we would like to advise as follows: According to the Item 1, Article No. 4 of Decree No.23/2007/ND-CP dated 12 February 2007 of the Government providing regulation for implementation of commercial law regarding purchase and sale of goods and activities […]
Investment Capital to set up a Vietnam company
(SBLAW) In general, Vietnam investment Law does not require for minimum investment capital, unless investor would like to conduct business in conditional sectors such as banking, real estate, tourism, etc. However, foreign investor must prove that amount of investment capital is sufficient to run Vietnam Company We shall advise investor the appropriate rate of investment […]
Can Foreign Investor create a Vietnam company with 100% ownership in the field of engineering?
(S&B Law) The answer is yes, it is possible for foreign investor to set up 100% foreign invested company according to Vietnam law. Under Vietnam Law on Investment, in order to setting up a foreign invested company (hereinafter referred to as “NewCo), Foreign Investor is required to propose an Investment Project. Investment Project is understood […]