Open company in Vietnam for foreign investors is rather difficult and the investors should consider the following aspects before deciding investment in Vietnam.
What are fields attracting investment of Foreign and multinational companies in Vietnam?
Fields attracting investment of Foreign and multinational companies in Vietnam include: real estate, retail sector development, infrastructure, Informatics technology, fin-tech, pharmaceutical and tourism development.
What are forms of business available to foreign investors to open company in Vietnam?
– Limited-liability company
+ A 100% foreign-owned enterprise; or
+ A foreign-invested joint-venture company between foreign investors and at least one domestic one.
– Joint-stock company
+ 100% foreign-owned; or
+ A joint venture between both foreign investors and domestic ones.
This form of foreign investment in Vietnam may be setup between a legal entity or an individual and the individual general partner. The partner has unrestricted liability for the operations of the partnership.
Foreign investors may do business in Vietnam by:
– Opening Vietnam Representative office
– Forming Business cooperation contract (BCC)
– Opening Branches
– Build-transfer (’BT’), Build-operate-transfer (’BOT’) and Build-transfer-operate (’BTO’) Contracts
Vietnam now is a common gate for enterprises from western, American, Japan, South Korea, European countries to enter ASEAN market. ASEAN Economic Community (AEC) is making ASEAN market in general and Vietnam in particular attractive with foreign investors. Vietnam has been 30 years from opening market for foreign investors and foreign investment is considered bringing both negative and positive aspects to Vietnam. Nevertheless, Vietnam is really an attractive market.
Please contact A&S LAW to be provided information of check list of required documents, procedure of opening company in Vietnam, tax, forms of company, budget requirement, lists of suitable offices for lease, search of available name for this registration .etc.
Other sources: you could also check the options of opening representative office in Vietnam here, doing business in Vietnam here, procedure, capital requirement for company registration in Vietnam here here and company formation in Vietnam & corporate services here
Contact A&S LAW for advice in details:
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