Doing business in Vietnam

SBLAW would like to introduce some information about opening a RO in Vietnam as follows:

SBLAW understands that you intend to setup a representative office in Hochiminh City, Vietnam. We therefore would like to send herewith our legal service proposal for your kind reference.

In this case, we understand that the FIC that the Client intends to setup shall (i) implement import and export right against electronic products and (ii) manufacture electronic products in Binh Duong Province.

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?

We refer with thanks to your email today, from which we were requested to advice on establishment of a representative office in Hanoi of foreign invested company in Long An province (hereinafter referred to as “Company” or “Client”). 1.Setting up RePRESENTATIVE OFFICE OF FOREIGN INVESTED COMPANY IN HANOI The establishment...

Supplementation of business activities and investment objective is considered as expansion of investment project. According to our practical experience, in case the Foreign Owned Company would like to expand scope of business activities, particularly, the approval shall very much depend on following factors: Audited Income Statement of the Client in...

SBLaw advises clients in the areas of life and non-life insurance related to legal compliance, employment law, corporate governance and internal policies of insurance enterprises. Our lawyers conduct research, review and develop Operating Guidance and policies and provide legal opinion on compensation liability for insurance claims of customers and policyholders...

Question: We are 100% owned foreign company and are seeking legal advices for closing its Branch Office in Hanoi, can SBLAW provide the legal service for this service? Answer: We understand that your company, (hereinafter referred to as “Client”) is now seeking legal advices for closing its Branch Office in...

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...

On Jan 24, 2017, The Government has promulgated Decree 06/2017/NĐ – CP on betting business of horse race, dog race and international football. This Decree will take effect from March 31, 2017 and therefore the betting business of horse race, dog race and international football will officially legalized. Some...