Doing business in Vietnam

On December 28, 2018, the State Bank of Vietnam issues the Circular No. 44/2018/TT-NHNN on amendments and supplements to certain articles of the Circular No. 36/2012/TT-NHNN dated December 28, 2012 of State Bank’s Governor prescribing installation, management, operation and maintenance of safety for operations of automated teller machines. - Within...

SBLAW has been recognized as one of the leading and highly recommended business law firms in Vietnam.

Client: Dear Sir/ Madam, Our company wants to send email and SMS to its patients (approx. 10,000 – 20,000 patients) to update or inform about FMP’s services.  Our concerns are (i) how to use email tool and SMS to communicate with your patients legally, and  (ii) legal exposures of not...

  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? ...

Investors have to prepare these following dossiers to register an investment project in Vietnam:

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...

Client: We are a commodity trading company based in Singapore. We are planning to open up a subsidiary in Vietnam. We do agriculture commodities such as: cashew nuts, soybeans, corns, sesame, mungbeans, groundnuts. We plan to set up in Ho Chi Minh. Please inform the necessary requirements , services provided along with...

SBLAW assisted a large number of Clients in forming and operating foreign owned companies in Vietnam including but not limited to IBM, ICBC[...]

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?

You will setup foreign invested company (FIC) in Vietnam which will be structured under the form of Limited Liability Company (LLC). Such FIC can be wholly owned by your foreign Company.