Doing business in Vietnam

Q: Our company has already a factory in Vietnam and we have a small spare space. One another company wants to use the space after setting up a company. The factory owner already agree on that. The business item is mobile phone parts manufacturer. Is this feasible? A: It shall be only possible...

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.

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...

SBLAW understands that you requested us to provide legal retainer services and other legal consultation services such as contract review, product registration etc. to foreign invested company in Vietnam (hereinafter referred to as “Client”) in Vietnam.

On January 16, 2017, the government has promulgated Decree 03/2017/NĐ – CP of casino business. This Decree deals with business, management of the business and administrative sanction in casino business in Vietnam. Decree 03/2017 will take effect from March 15, 2017. 1. Business principles Casino business is business lines subject to...

QUESTION: Since forming the new company in Vietnam, how to prove the invested capital and how to use them since no need to mark actual deposit to the bank account?

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 would like to set up a company which will be involved in import of beer from Czech republic to Vietnam. Answer: This is reference to your conversation from which, we understand that your Client, (hereinafter referred to as “Client”) are now seeking legal advice for establishment of Foreign...

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...

Question: On behalf of my boss, he would like to set-up a small 'Food' business in Vietnam. Is there anyway you could provide him with more details as in, the charges, steps, procedure, etc. Answer: I would like to refer you to the meeting from which we discussed on possibilities on setting...