Planning Law in Vietnam

What Are Rights and Obligations of Foreigners Owning Properties in Vietnam?

According to the current Vietnamese law, the ownership of houses in Vietnam by foreigners has changed significantly towards more openness. However, home ownership of foreigners and Vietnamese citizens are still different. Foreign house ownership is allowed in commercial housing construction projects only (i.e., only in newly formed residential areas), not an area of national defense ... Read More
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List of Investment Sectors With Conditions Applied to Foreign Investors

In general, foreign direct investment is encouraged in Vietnam because the economy growth is depending on the attraction of foreign direct investment.  As member of WTO, Vietnam has opened up the economy and welcome investment in most of areas.  There are non conditional investment areas and there are conditional investment areas. The conditions for investment ... Read More
Set-up business in Ho Chi Minh City

Benefits of Investors to Set-up Business in Ho Chi Minh City

Ho Chi Minh City offers many benefits for foreign companies to do business and invest. It houses high number of population at working ages with growing income.  It has infrastructure for logistics system to support manufacturing, import and export, and local distribution in Vietnam.  It is the financial center of Vietnam.  And most important, the ... Read More

Post Licensing Procedures

The issuance of the business registration certificate respectively the investment certificate is the first step to commerce operations.  However, even after the changes in the Vietnam investment law, there are some post-licensing procedures, as listed below, which can be time consuming and therefore should be kept in mind. The following  check-list should be considered: 1/ … Read More

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Granting Investment Registration Certificate in Vietnam

As Vietnam integrates further into the global supply chain, foreigners are more and more encouraged to invest in Vietnam in many areas for pursuing profit.  The foreign direct investment of the foreigners is required to be registered at Vietnam state authority to protect the rights of the investor. According to the Law on Investment 2014, ... Read More
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Which Authority Approves Business Setting up in Vietnam?

Investment projects in Vietnam could be evaluated and approved for business setting up at top level of the government, at ministerial levels or at the provincial levels. The licensing authorities for business setting up in Vietnam has been divided to distribute workloads at different state agencies with aim to speed up the process and attract more quality investment projects in Vietnam. In ... Read More
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Conditional Investment Sectors and Investment Conditions in Vietnam

When setting up a trading company in Vietnam, beside other conditions, the foreign investors have to prove experience in trading area.  Areas such as banking, financial services, real estate, security services will require minimum investment. Foreign investment lawyers should be consulted for advice on investment licensing matters. In general, foreign investors making investment in Vietnam are ... Read More
Establish -company- in- Vietnam

CPC Code – Foreign Investors Need to Know in Vietnam

Once a foreign investor wishes to invest in Vietnam, they not only need to be well-informed about investment environment, incentive, labor, State policies, but also need to know about CPC code. Each specific service is fixed with a provisional Central Product Classification (called CPC code) belonging to Central Product Classification of United Nations. In the ... Read More
Set up company in Vietnam

Conditions for Business in Accounting Services of an Enterprise

Legal Based: Law on Accounting 2015; Circular 297/2016/TT-BTC on granting, management and usage of certificates of eligible for providing accounting services. 1. Form of business a. An accounting firm may be established in the form as follows: A multi-member limited liability company; A partnership; A private enterprise. The accounting firm must not contribute capital to ... Read More
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Transfer of Investment Projects in Vietnam

Under the current Law on Investment, investors are entitled to transfer part or all of the project to another investor when satisfied the specific conditions and conducting to procedure of project adjustment under the regulation of law. The conditions of project transfer The project is not terminated in the cases as prescribed in Clause 1 ... Read More

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