Question: We are Japanese Investors, we would like to set up company in the field of domain name trading, is it possible under Vietnam law”
Answer: Under Vietnam Law on Investment and Vietnam WTO’s Commitments, the foreign investors are not allowed to operate the “domain name trading”.
However, the foreign investor can set up company in the field of IT field.
According to the Center Product Classification System of United Nation (CPC), the foreign investor can operate IT field in CPC 842 in Vietnam:
– Computer administration and consultancy services
– Systems analysis services.
– Systems design services
– Systems maintenance services.