Doing business in Vietnam

Q: We are foreign investor and would like to set up wholly foreign owned company for trucking business, please advise the legal procedure and solution? We understand that your company intend to expand business operation into Vietnam Market through setting up wholly foreign owned company for trucking business. However, under Vietnam-WTO...

Vietnam Government classifies Multi Model Transportation Service into two forms: - Internal Multi Model Transportation Service - International Multi Model Transportation Service Under the Decree No. 87/2009/ND-CP of the Government, for providing International or Internal Multi Model Transportation Service, the Enterprise must satisfy following conditions: - Having assets or capital equal to 80,000SDR. It also...

Q: We are Testing, Adjusting and Balancing Company in Germany.We are eagerly interested in investment in Vietnam and be ready to documentation for Investment Certificate. Could you please let me know Business Line code? After installtion and operating facilities, we test, adjust and balance all facilities.It's sub-procedure of Engineering.Wating for your...

Q: We are Vietnamese company and would like to know the legal procedure to set up company in foreign country? A: SBLAW would like to advise as follows: With regard to setting up company in foreign country, actually, you has to register the investment project to the licensing authority of Ministry...

Q: Our company is based on Singapore and we would like to expand our business in oversea by starting a small Japanese restaurant inside of supermarket in HMC. So I'm requesting a estimation for your service and explanation on how the whole process would take place. And since we would like...

Representative Office is an option for Foreign Investor who wishes to conduct market research, trade promotion etc in Vietnam. Depending on business sector of the parent companies abroad, conditions and procedure for setting up representative office in Vietnam may be different. Up to now, Vietnam Law only stipulate conditions and procedures...

Under Vietnam Law, foreign company can also establish the Branch Office to carry out business activities in Vietnam. However, this form is not very popular in practice except for branch office of foreign law firms, foreign bank and insurance company. With respect to the foreign trade companies and foreign tourist companies,...

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...

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 would like to provide some information on possibility of establishment of 100% foreign-invested company in Ho Chi Minh City, Vietnam as follows: A.   SPECIFIC QUERIES ON ESTABLISHMENT OF A LIMITED LIABILITY COMPANY I.   SETTING UP A 100% FOREIGN-INVESTED COMPANY IN HO CHI MINH CITY It is our understand that...