Doing business in Vietnam

Establishment of a pure local company in Vietnam is rather simple. For this option, Client shall have to appoint at least one local partner to act as owner of the pure local company.

This is reference to our discussion today, from which we were requested to prepare mutual agreement between your Company and its business partner, wherein, your Company agree that it Business Partner can arrange its personnel to manage business operation of your Company for a specific period. You therefore seeks a...

This is reference to your emails from which, we understand that your company (hereinafter referred to as “Client”) would like us to issue a legal opinion on whether a Vietnamese Citizen is under the status of individual bankruptcy and whether he has the powers and authority to execute an...

When foreign investor would like to Acquire equity of a pure local company in Vietnam, SBLAW would like to advise as follwos:

We understand that your Korean company is now considering setting up foreign invested company in Vietnam for: (i) Conduct research and development of software. (ii) Manufacturing software or developing software Under Vietnam Law, companies manufacturing software or providing software services shall be entitled to tax incentive. Accordingly, such company can enjoy Corporate...

Client: We will like to set up a 100% owned branch office in Vietnam to conduct our business locally. Is this possible? What is the requirement of local directors, restriction on trade activities of foreign owned branch offices and the tax payable? Lawyer: This is reference to your email below. I...

Question: I am foreign people and would like to open a Travel and Tours business (Inbound & Out Bound) in Vietnam soon. Please provide me all the requirements and procedure  for that and also the time taken in the process. Answer: This is reference to your email below. I am Lawyer of SB...

Answer: Under Vietnam WTO Commitment, foreign investor is allowed to joint venture with a local company who has been licensed to provide advertisement services in Vietnam.

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

Having known that foreign investor (hereinafter referred to as “The Client”) is planning to develop the project of distributing cosmetic productsand wishes to engage a Vietnamese law firm to perform all relevant procedures for setting up 100% foreign owned company with business function of distributing such cosmetic products,