1.Under the Vietnam Enterprise Law, Road Transportation Services is classified to CPC 7123. Under Vietnam WTO commitment, for road transportation services, foreign investor is required to setup Joint Venture Company in which Foreign Ownership must not exceed 51%. Please see below words quoted in Vietnam WTO commitment regarding road transportation services:
“Freight transportation (CPC 7123)
(1) Unbound.
(2) None.
(3) None, except:
Upon accession, foreign service suppliers are permitted to provide passenger and freight transport services through business cooperation contracts or joint-ventures with the capital
contribution of foreign side not exceeding 49%.
After 3 years from the date of accession, subject to the needs of the market, joint-ventures with foreign capital contribution not exceeding 51% may be established to provide freight transport services. One hundred % of joint-venture’s drivers shall be Vietnamese citizen”.
2.Documents that we shall need you to prepare shall be as follows:
(i) 02 legalized copies of Certificate of Incorporation or equivalent document of your Company in Taiwan;
(ii) 02 legalized copies of Corporate Charter or Articles and Memorandum of association of your Company in Taiwan;
(iii) 02 legalized copies of the Audited Financial Statement of your Company for the most recent year.
(iv) 02 legalized copies of Passport of Person appointed as Director of the FIC in Vietnam;
(v) 02 legalized copies of Passport of Legal Representative or Director of your Company in Taiwan;
(vi) 02 legalized copies of Passport of person who act as Authorized Representatives in Board of Member in FIC in Vietnam.
(vii) 02 Certified copies of Office Lease Agreement between you and Real Estate Company in Vietnam for the head office of FIC in Vietnam;
(vii) Documents proving right of Office Lessor against the Leased Office. We shall advise you upon having all information of the leased office.
