Doing business in Vietnam

Client is now seeking legal advices for closing Representative Office in Hanoi, Vietnam (hereinafter referred to as “R.O”). We therefore are grateful to present you our Legal Services Proposal for your review and consideration. 1. PROCEDURES FOR CLOSING RO  Under the Vietnam’s Decree No. 72/2006/ND-CP of the Government stipulating details...

Foreign Language Education Services is classified to CPC 929. Under Vietnam’s WTO Commitments, with the respect to CPC 929, foreign investor can either setup a wholly foreign invested company or a joint venture company to run its investment project[...]

Generally, all foreign investors with established presences in Vietnam will need to open a bank account in order to conduct their business in Vietnam.

Investors have to prepare these following dossiers to register an investment project 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: 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...

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...

SBLaw would like to provide you some information about Vietnam company registration as follows: Under Vietnam Enterprise Law, foreign investors are entitled to form Foreign Invested Company ("FIC") under either of Wholly Foreign Invested Company or Joint Venture Company.

Question: Is the Representative Office (RO) a kind of legal entity ? What is main function of the Representative Office (RO)? Could you please also let us know the fees and requirements to set up the RO?

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.