We summarize in this article the general provisions on investment in Vietnam, including the following main contents: Forms of business investment: The General Investment Law distinguishes between direct investment and indirect investment. Direct investment involves the capital investment of the investor participating in investment management. In indirect investment, an investor can (A) buy stocks, certificates, […]
Time to transfer profits abroad Remittance of profits abroad annually Foreign investors are entitled to annually transfer the profits shared or earned from their direct investment activities in Vietnam overseas at the end of the fiscal year, after the enterprises in which the foreign investors participate. Investment has fulfilled financial obligations towards the Vietnamese State […]
Settlement of disputes in business investment activities Disputes related to business investment activities in Vietnam are resolved through negotiation and conciliation. In case of failure to negotiate or mediate, the dispute shall be resolved at arbitration or a court. Disputes between domestic investors, foreign-invested economic organizations, or between domestic investors, foreign-invested economic organizations, and competent […]
Authority to decide investment policy of the National Assembly Except for projects whose investment policy is decided by the National Assembly in accordance with the law on public investment, the National Assembly shall decide on investment policies for the following investment projects: 1. Projects that have a major impact on the environment or have the […]
Sectors & Trades banned from Business Investment Sectors and trades banned from business investment include: – Trading in narcotics as prescribed in Appendix 1 to the Investment Law. – Trading in chemicals and minerals specified in Appendix 2 of the Investment Law – Trade-in specimens of wild flora and fauna specified in Appendix 1 to […]
Vietnam’s consumer market is consistently changing, driven by changing consumer lifestyles, income, and behavior. The country has experienced a mild progression of income in recent years, which can be seen in its rapid growth of total consumer expenditure from US$80 billion to US$171 billion between 2010 and 2018. This shows that Vietnamese consumers have extra […]
Vietnam-based representative office of foreign investors may be a dependent unit, which is established under the provisions of Vietnamese law to conduct a market survey and variety of economic promotion activities permitted by Vietnamese law. Typical benefits of Representative office With a representative office, foreign investors can found out a lawful office in Vietnam, recruit […]
Company registration in Vietnam isn’t particularly complicated. However, there are specific guidelines that you, as foreign investors, must know. Overview of legal entities in Vietnam’s Company Registration The two commonest sorts of legal entities in Vietnam are: Limited liability company (LLC) Joint-stock company (JSC). An LLC can have 1 to 50 members, also referred to […]
There are many foreign companies that want to invest in Vietnam by setting up branches in Vietnam. In this article, we will provide basic information about the procedures to establish a branch in Vietnam. 1. What is the branch of a foreign company in Vietnamese law Under the current provisions of Vietnamese law, a foreign […]
The strong development of the economy opens up more and more opportunities and ways to make money. Instead of spending a lot of time researching and developing a brand, a completely new product like the usual business process, franchising allows investors to make money quickly from existing brands. Build first from others build first. Of […]