Doing business in Vietnam

Question: I am foreign poeple, I would like to establish a company in Vietnam, please advise which steps I have to follow: Answer: In accordance with Vietnam Law on Investment 2014 and Law on Enterprises 2014, if you are foreign people and would like to set up a company in...

The Vietnam Company has intention to open a representative office (hereinafter referred to as the “RO”) in China, we would like to provide some information as follows[...]

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...

SBLAW understands that Client would like to amend its Investment Certificate to include warehousing services based on un-used redundant leased space area, thus, we would like to advise as follows:

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...

Under the Vietnam Enterprise Law, Road Transportation Services is classified to CPC 7123. Under Vietnam WTO commitment, for road transportation services, foreign investor is required to setup Joint Venture Company in which Foreign Ownership

Q: What docs should be presented to apply the license of R.O  ?   A: Please see the attached file for your information of our required documents. We also would like to note that legalized copy of document is only valid within 03 months from the date of legalization. Thus, scanned...

SBLAW would like to mention about the difference between Branch and R.O in Vietnam as follows:

Question: Our startup has 3 founders, what kind of paper and share do we need to do? In future, if we want increase stock share of a founder / employee because he did a great job, how can we do that?

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...