Doing business in Vietnam

SBLAW would like to update the new policy regarding to Payment Intermediary Service in Vietnam as follow: + Up to now, there are 25 enterprises granted License for providing Intermediate Payment Service. However, after conducting a comprehensive survey, SBV found that not many of them can totally rely on Intermediate Payment...

Investor is a French company and want to establish a foreign invested company (Hereinafter referred to as “FIC”) for providing market research in Vietnam, SBLaw would like to provide some information as follows:

  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? ...

The establishment of a domestic owned Company in Vietnam requires a Certificate of business registration from the licensing authority.

With regard to the business line of architecture, according to the commitment of Vietnam to WTO, foreign investor can set up a 100% foreign owned company with detail business lines stated in the CPC 8671

Client is willing to engage a law firm on advices regarding establishment of a representative office in Hanoi of foreign company. SB Law is a law firm duly established and operating under legislation in Vietnam that have expertise in the area of investment, real estate, commerce consultation and enterprise assistance....

It is our understanding that your Company is in need of consulting and supporting for procedures of branch establishment in Hanoi for business and initial tax declaration for branch, SBLaw has sufficient capacity to provide to your Company the consulting services and support as above. [...]

After receiving License for Representative office in Vietnam, regarding the post-licensing procedures, SBLAW advises as follows: 1) Implement the Initial Personal Income Tax Procedure regarding the all of employees who are working for the Rep Office. Please kindly let your Internal Accountant or External Accounting Agency contacted with the Division of...

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.