Doing business in Vietnam

SBLAW would like to give you some information about setting up a wholly foreign invested company (hereinafter referred to as “FIC”) for management consulting services in Hanoi, Vietnam.

SBLAW assists Client to setup company in Vietnam, including, advice on structure of company, preparation of documents for setting up company in Vietnam, following up licensing and post-licensing process for setting up company

It is our understanding that your company– a company duly established and operating under the law of Singapore intends to set up a wholly foreign invested company in Hanoi for leasing and distributing tablend products 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.

Questions: We need to set up an education/training institution in Vietnam. We will teach computer program for short-time. We have the questions:

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

With regard to the business line of architecture, according to the commitment of Vietnam to WTO, foreign investor can set up a 100% foreign owned company with detail business lines stated in the CPC 8671

We are some investors from HongKong. We wish to find a lawyer or law firm can help us for M&Acase. We want to buy a pharmaceutical company in hochiminh City.

According to paragraph 5 of Article 84 of the Law on Enterprises "Within three years from the date of the certificate of business registration, a founding shareholder has the right to freely transfer its common shares to shareholders other up, but they can transfers.[...]

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?