Doing business in Vietnam

SB Law would like to share information foreign investor should be aware of when running a company in Vietnam, under Q&A as follows:   1/ What would be the best legal entity?   Among the most common and available investment vehicles to foreign investors including "company limited", "joint-stock company (shareholding company)", "business-cooperation contract",...

  Question: We have a Poland client who has a BVI Company.  He would like to set up a Vietnamese Company to open a business bank account in Vietnam. Please advise us the following: 1. Is it okay to the Vietnam Authority to use BVI Company to hold the FIE Company in Vietnam? ...

On June 11th, 2021, the Ministry of Industry and Trade issued Circular 02/2021/TT-BCT on the Rules of Origin of goods in the UKVFTA Agreement. Accordingly, in order to receive tariff preferences under UKVFTA, certificate of origin must be submitted to the Vietnamese customs authority within 2 years from the time...

This is reference to your requirement, from which, we understand that currently you (hereinafter referred to as “Client”) is looking for a professional law firm to support setting up a 100% foreign invested company in Vietnam (hereinafter referred to as “FIC”) . Therefore, we are grateful to set our...

Question: I wish to set up a Vietnam company and I have the following concerns: Once the company is registered in the registrar, whether the individual directors and shareholders’identity will become public information that can be searched by anyone globally. Whether it is mandatory for a Vietnamese company to...

Question: Dear Attorney. May I have a question as follows: May foreign investor(s) establish an investment fund in Vietnam? If yes, (i) what is the possible form of that foreign invested fund, and (ii) what is the procedure to establish this fund? Answer: SB Law appreciate your interest in our...

Question: We are FDI company in Vietnam and would like to amend Investment Registration Certificate (“IRC”) and Enterprise Registration Certificate (“ERC’’) in order to reflect supplementing business line of non-life insurance, please advise? Answer: We refer with thanks to your call from which we were requested to assist you regarding amendment of...

Question: We were asked to provide a company (the “Client”, i.e., the Issuer) in preparation for IPO in Hongkong with a consolidated fee quote for acting as the Issuer’s counsel. Because the Client’s primary operating subsidiary is in Vietnam (the “Vietnam Subsidiary”), we will have to work with a Vietnam law...

We understand that you are seeking legal assistance on establishment of foreign language centers. We therefore are grateful to present you our Legal Services Proposal for your review and consideration. I. Our comments: To establish and obtain operating license for foreign language centers, it requires: Condition for enterprise: The registered business line...

Under Vietnam Law, foreign enterprise can setup a branch office for conducting business activities in Vietnam. However, in practice, possibility for setting up a branch office of a foreign trading company in Vietnam is very low. Generally, upon submission of application dossier for setting up branch office in Vietnam, the competent...