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Doing business in Vietnam

SBLAW consulted to M2’s fashion

Setup a MLM Company in Vietnam for distribution of cosmetic and nutrition products.

SBLAW understands that foreign investor intends to setup a MLM Company in Vietnam for distribution of cosmetic and nutrition products, we would like to provide some legal information as follows:

Amendment of Investment Certificate to include warehousing services

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:

Restriction on investment portfolio of an investment fund with foreign capital

Question: Hi lawyer, I would like to have a question. Is there any investment restriction applicable to the investment activities of foreign invested fund in Vietnam, including through the Vietnamese securities market? Answer: SB Law appreciate your interest in our legal consultant services. Regarding your question, we would like to...

Representative office issues

Question: Our company want to employ one people in Vietnam for liaison/ seeking business opportunity. Is it necessary for us to set up a RO for this purpose? What are the details we need to beware if we need to set up a RO/hiring people(i.e. employment contract(MOLISA), tax issues (Personal Income...

Requirements applicable to business entities acting as currency exchange agents

Decree No. 89/2016/ND-CP on requirements applicable to business entities acting as currency exchange agents or providing foreign currency receipt and payment services is issued by the Government on July 01, 2015. Accordingly,  a  business  entity  is  entitled  to  act  as  a currency exchange agent only after it is issued with...

Insurance Law

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...

Enquiry for setting up Company in Vietnam

  Question: We have a Poland client who has a BVI Company.  He would like to set up a Vietnamese Company to open a business bank account in Vietnam. Please advise us the following: 1. Is it okay to the Vietnam Authority to use BVI Company to hold the FIE Company in Vietnam? ...

Importing Cosmetics to Vietnam

Question: We would like to understand clearly the the COSTING of importing over 200 different products from 3 big USA brands. Category:  Skin Care Creams, Lipsticks, Face Powders. Answer:  I am glad to know and work with you through email. Regarding to cosmetic registration, I would like to brief you key...
Set up tourist joint venture company in Vietnam

Set up tourist joint venture company in Vietnam

Question: What is the type of Tourism license a JV (Vietnamese company with foreign capital) can apply to: Domestic, Inbound, Outbound, all of these? Or is there any restrictions? I read somewhere that a JV can only organize domestic trips in Vietnam for foreigners who are inbound customers, but...
Investment Certificate

Adjusting Investment Certificate regarding to supplement the business line of leasing warehouse.

We, SBLaw Company Limited (hereinafter referred to as “SB Law”) having known that your company (hereinafter referred to as “Client”) wishes to adjust its Investment Certificate regarding to supplement the business line of leasing warehouse in Hanoi. And then, your company wishes to set up its Branch office in...