Question: We are a Mauritian based group and we are interested to explore business opportunities in Vietnam. We expect to travel to your country in January /February 2017.
We are involved in tourism sector ( inbound tour operator specialized in Italian and French markets) , Event managements ( organization of, Trade fairs , Wedding Shows and Beauty pageants) , helping SME’s to export .
Can you please send us your proposals to set up a company in Hochiminh and Da Nang City or guide us in the best possible way. We shall need some contacts for accommodations and office space.
This is reference to your email in which SB Law was request to give you legal advice on setting up your new company of tourism field, event management and helping SME’s to export.
Regarding your queries, please find the hereunder our opinion for your references.
1. Management consultant and helping SME’s to export services:
Currently, organization of events activities and helping SME’s to export activities are not unbound by Vietnam and WTO Members. According to our practical experience, your possibility in obtaining approval on this matter is not very high.
Then, we highly recommend you registering management consultancy activities to manage events and consult about export of SME, but not organizing events and helping SME’s to export. Management consultancy activities are classified on Class 7020. Under Vietnam-WTO Commitment, foreign investor is allowed to setup 100% foreign invested company for management consultancy activities.
2. Tourism field
Tour operator services and travel agencies activities are classified on Class 7471 under Vietnam- WTO Commitment. Foreign service suppliers are permitted to provide services in the form of joint ventures with Vietnamese partners with no limitation on foreign capital contribution.
In term of tour operator services, Client only operate inbound services and domestic travel for inbound tourists as an integral part of inbound services, and Client must not operate outbound services.
On the contrary, in term of a travel agency, Client can, as a travel agency, sell tour programs (including inbound and outbound) to tourists. However, Client shall not be allowed to operate tours.
Then, we highly recommend you considering registering travel agency service in case you are interested in developing outbound tours for Vietnamese Tourist.
We do hope that the above information is helpful for you. If you have any further inquiry, please feel free to contact us.
Kind regards,
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