Doing business in Vietnam

Under the Degree No. 25/2011/ND-CP dated 06 April 2011 of Vietnam Government detailing and guiding the implementation of a number of articles of the telecommunication law, Voice Call and SMS Messaging Service are classified to basic telecommunication services.

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...

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...

Question: I want to set-up a foreign-invested company which conducts real-estate management services in Hanoi, Vietnam. Please quote. Answer: We refer with thanks to your conversation from which we were requested to advice on establishment of foreign invested enterprise in Hanoi, Vietnam (hereinafter referred to as the “NewCo”). This NewCo shall...

Question: We are Singapore company and would like to set up entity in Vietnam. We will focus on freight forwarding business and out-source local transportation / warehousing / Customs Declaration as well as other local activities to local vendors. In other words, the entity in Hai Phong will not physically...

Q: Can a Representive Office open a bank account? If there any amount that need to maintain? A: Yes, the Representative office (R.O) can open bank account, that account is to receive expense from parent comapny only. No need to have any amount to maintain R.O ammount,

M&A is a mechanism used by companies in order to expand its range, share market or to capture markets. Nonetheless, when M&A conducted, parties must be aware of legal status of companies that they wish to purchase and necessary procedure as well.

SBLaw was requested to assist foreign company (Hereinafter referred to as “Client”) to provide legal advice on company acquisition in Vietnam. 1. Our proposd scope of works We anticipate that our work will comprise of the following work streams. These are the key work streams required in any M&A cases. Depending on...

Question:  We are a multi-national and multi-functional market entity with over 38 years history, and we are committed to basing on the Hongkong, serving the world of business. Now many of our clients are going to set up companies in Vietnam, therefore we would like to establish long-term cooperation with...