Doing business in Vietnam

Decree No. 89/2016/ND-CP on requirements applicable to business entities acting as currency exchange agents or providing foreign currency receipt and payment services is issued by the Government on July 01, 2015. Accordingly,  a  business  entity  is  entitled  to  act  as  a currency exchange agent only after it is issued with...

In case that foreign investors want to bring the investment capital or benefit of the investment out of Vietnam, it is highly recommended that the cash flow should be sent from abroad to a Vietnam Company’s account.

SBLAW would like to introduce the legal procedure for etting up a representative office in Ho Chi Minh City of Japan company as follows:

Question: Hi, I have a question: Can the investment fund remit the profit back to their foreign investors (subject to fulfilment of all tax obligations in Vietnam)? Answer: SB Law appreciate your interest in our legal consultant services. Regarding your question, we would like to advise you as follows: In terms...

This is reference to the conservation from which, we understand that your company (hereinafter referred to as “Client”) is now seeking legal supports in assigning capital contribution to a foreign investor. We further understand that after assignment of capital contribution, Client shall focus on distribution of construction materials. We therefore are...

Question: We are into extending our company. We are planning to open a company in Hanoi, Vietnam. Requesting you to advice us in this regards. Answer: We understand that Client is now seeking legal advices for establishment of foreign investment company in Hanoi, Vietnam (hereinafter referred to as “FIC”). We therefore...

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...

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...

Client: Dear Sir/Madam, I wish to open a Rep. Office in Hanoi. My company in India is 18 months old. Please let me know whether I can apply for setting up a Rep. Office. Also, please help me by providing me the following info - document required - what all documents need...

Question: To set up a foreign factory, what should I prepare? Answer:  Under Vietnam Law, for setting up a foreign owned factory, you shall be required to prepare an investment proposal for long term or medium term, in which you shall have to define location, productivity, investment capital, estimated turnover, profit...