Posted on 10-05-2019

DTLAW - International Law Firm in Vietnam

Vietnam is one of the leading investment destinations in Southeast Asia. With the advantages of geography, natural resources, and an affordable labor force, Vietnam attracts a large amount of capital each year. Foreign investors when setting up a business in Vietnam need to take forms of investment into account.
Foreign investors may carry out the following forms of investment in Vietnam:
1. Establishing a new enterprise
Foreign investors who want a direct presence in Vietnam an who do not want to inherit an existing business can establish a new enterprise in accordance with Vietnamese law. To do this, the investor must register an ‘investment project’ which is defined as ‘a set of proposals for the expenditure of medium and long-term capital in order to carry out investment activities in a specific geographical area and for a specified duration’. Approval of the investment project is in the form of an Investment Registration Certificate.
After the investment project is approved, the investor must then apply for Business Registration Certificate to establish the new enterprise which will implement the project.

2. Branches and representative offices
Vietnam’s law on commerce allows certain foreign business entities to establish two form of presence in Vietnam: a branch or a representative office. Both of them must be licenced by the relevant authorities.
A branch may be established by foreign business entities only in certain sectors which is committed in WTO by Vietnam, incl
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