Doing business in Vietnam

Representative Office (R.O) needs to submit in writing the annual report to Department of Industry and Trade by January 30th, 2015.  (Article 19, Decree no. 72/2006/ND-CP detailing the Trade Law's regulation on Rep.Office, Branch of foreign businesses in Vietnam provided that, prior to the final working day of January, R.O has to report...

Question: Dear sirs, warm greetings! I am helping my friends (individual fintech investors) to setup a legal entity in Vietnam. The business is about online microlending. Something similar to Cashwagon and Tima.vn. I couldn't find enough details about such type of activity in SBV's knowledge base or elsewhere. Do you have...

Foreign invested company (FIC) shall be the best choice for foreign investors if they wish to run business activities in Vietnam.

Question: Greeting from Thailand. We are a Thai company, manufacturer and brand owner of leading health-herbal food and supplements products, many brands are no.1 in Thailand. Currently, we are in the process of exploring business opportunity to introduce some of our product lines to Vietnam market. We have done in-depth market studies and have...

Client: Dear Sir, What are the official way to open an office by any indian Entity? Lawyer: We understand that you would like to export raw cashew nut as well as kernels and apart from that rice cinnamon and star aniseed from Vietnam to India. For this, you must setup a Foreign...

Under Vietnam Law, it does not impose any minimum rate of capital for running shipping agency and forwarding services company. However, the Investor must be responsible for explaining possibility of running such company with his proposed capital. According to our practical experience, an amount of 200,000USD is reasonable rate for...

Question: I know your Law firm by visiting your web site. I am a foreigner and would like to consult you the following legal advice. Some Question to seek for your advice: 1.Can a foreigner (foreign company or foreign natural person) own a local trading nature business company (joint venture share structure...

Investor: Dear Sir, We are a private company in Korea. The company’s business is to help people who want to move and live in another countries so called emigration service.   Now they want to setup a company and do the same business in Vietnam.   1.     Is it possible by Foreigner and/or Foreign...

  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 applicable laws stipulate about Conditions for doing domestic travel businesses as follows: 1) Having domestic travel business registered at a competent business registry; 2) Having business plans for domestic tourist operations, offering tour programs for domestic tourists; 3) Operators of domestic travel business must have at least three years of experience...