Doing business in Vietnam

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In Vietnam, Foreign Invested Company (FIC) can be divided into two following forms: (i) Wholly Foreign Owned Company wherein Foreign Investors shall own 100% capital of the Company and (ii) Joint Venture Company wherein Foreign Investor shall jointly setup company with at least one local partner. Generally, foreign investor is...

Question: We hereby have a client who is a Hongkong company which running business as scientific instrument production for many years, now they intends to develop that business to Vietnam by register a local company, the proposed shareholder (s) & director (s) are all Hongkong residents, the initial scope of activities...

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...

Answer: Under Vietnam Law on Investment and Vietnam WTO’s Commitments, the foreign investors are not allowed to operate the “domain name trading”.

We understand that you and your Vietnamese Partner (hereinafter referred to as “Client”) is now seeking legal advices for establishment of joint venture company (hereinafter referred to as “FIC”) for importing and trading products having HS Codes No. 0901; 0902; 3304 and 8516 in Hanoi. We therefore are grateful to...

Q: Can a Representive Office open a bank account? If there any amount that need to maintain? A: Yes, the Representative office (R.O) can open bank account, that account is to receive expense from parent comapny only. No need to have any amount to maintain R.O ammount,

(SBLaw) In case foreign university duly established and operating under the law of foreign country would like to setup a legal entity in Vietnam which shall act for the purpose of marketing and service promotion

Question: Please advise whether it is possible to allow greater flexibility in the business activities of the company in Vietnam (NewCo) to include businesses such as interiors and special projects, construction project management and sourcing services. Please let us know your estimated fee quotation for the company formation. Upon receipt of your reply, we shall...

Question: Our Chief Representative will be a french national, which visa type is better to work in Vietnam? This person will fix it's residence in Hanoi Answen: In this case, after obtaining the License for establishment of Representative Office, he shall need to obtain work permit. Then, he can obtain the...