What Are Required Documents to Set up Limited Liability Company in Vietnam?
When doing business in Vietnam, the business people find benefits to set up company as a separate legal entity for various purposes i.e. to have an entity to sign contract, open bank account, hire personnel and pay them properly, and to deduct expenses for tax optimization. The most popular form is to set up limited liability company in Vietnam (LLC). Dossiers to Set up Limited Liability Company in Vietnam -Application for business registration according to a uniform form prescribed by the competent business registration agency. -Draft of C…
Set-up Business in Vietnam
Foreign investors could make direct investment in Vietnam through setting up one hundred per cent (100%) capital of foreign investors, or establishing joint venture between domestic and foreign investors, or investing in the contractual forms of: BCC, BO, BTO, and BT. Types of enterprise for foreign investors to invest in Vietnam are as following: a) Set-up Limited Liability Company in Vietnam Limited Liability Company is a form of enterprise which is established by contributing of members. A member shall be liable for the debts and …
Set-Up Company in Hanoi
Along with the trend of integration in the world, Vietnam is considered a country with rapid and strong growth, in which, industrialization and modernization are focused on developing a uniform set and achieve high performance. Hanoi and Ho Chi Minh City are considered the two cities and dynamic development in Vietnam. In particular, Hanoi, the potential capital for developing and attracting foreign and domestic investment. Therefore, the investment from businesses to the city is seen as an advantage and the best. To evaluate how such adva…
Anam Electronics (Korea) Build 100-Million-Dollar Factory in Vietnam
A large electronics manufacturer from Korea - Anam Electronics Vietnam has officially choose Dong Van IV industrial park to set up business in Vietnam . After a period of researching investment locations in the North of Vietnam, Anam Electronics Vietnam decided to choose Dong Van IV industrial park as its investment location. Accordingly, Anam Electronics Vietnam will invest in building a factory here with an area of 100,000 m2, investment capital is estimated at 100 million USD. The signing ceremony of land lease contract in Dong Van IV i…
Potentials in Vietnam - Poland Agricultural Cooperation
Both countries have strength in agriculture sector, opening up many prospects for Poland enterprises to set up business in Vietnam and vice versa. Vietnam is one of 14 important markets in the world for enterprises in the Polish food and agriculture sector. Moreover, Vietnam has been identified as a priority market for Poland's future cooperation with wide open opportunities for both sides. Statistics show that from 1993 up to now, two-way trade turnover between Vietnam and Poland has increased continuously and rapidly. From 2001 to 2…
A Chain of 130 Restaurants in Japan Want to Conquer the Vietnamese market
Gyu Shige - a Japanese restaurant brand decided to enter and set up business in Vietnam , aims to open 70 branches in Vietnam in the next 5 years. According to Mr Kentaro Takada, Global Development Director of Gyu Shige Bbq Restaurant chain, after a year of operation in Vietnam, the company aims to set up a chain of 30 branches in 3 years and up to 50 - 70 branches in 5 years. This brand now has 3 stores in Ho Chi Minh City (HCMC). The plan to conquer the Vietnam market of this Japanese brand has been in place for 3 years. Large populati…
Shenzhou Completed Textile Production Chain in Vietnam
Worldon Vietnam Co., Ltd (under Shenzhou Corporation, China) have set up business in Vietnam with 2 large garment projects. It is likely that they will continue to expand its investment. Worldon Vietnam has put the 310 million USD project in Dong Nam Industrial Zone, Cu Chi District, Ho Chi Minh City into production. Earlier, in early 2015, the company was licensed by Ho Chi Minh City for investment project with an additional investment capital of 140 million USD. At the time of raising capital, Mr Ma Jianrong, President of Worldon Vietna…
The Wave of Thai Investors Coming to Vietnam
Many Thai investors have set up business in Vietnam and will not miss the opportunity to participate in auctions to buy shares in state-owned enterprises in the near future. Recently, billionaire Charoen Sirivadhanabhakdi, the owner of TCC Holdings, through its subsidiary has registered to buy 51% of the charter capital of Saigon Alcohol Beer and Beverage Corporation (Sabeco). In the past, TCC bought Metro Vietnam (renamed MM Mega Market), successfully acquired Phu Thai Corporation in the North, holds 19% of Vinamilk shares and owning man…
Japanese Investment in Vietnam Hit a Record High
In recent years, Japanese investors continued to invest in Vietnam. The total direct investment of Japan in Vietnam in 2017 reached 8.5 billion USD, 4 times higher than last year's and become the highest ever. According to the Ambassador of Japan to Vietnam, such a high level of investment is one of the factors showing that 2017 becomes a very special year in the history of Vietnam - Japan relations. Another reason is that the high-level visits between the two countries are ongoing from the beginning to the end of the year, especially th…
7 basic steps to set up a business and comply with Vietnam laws
Vietnam’s economy is increasingly diversified in terms of business activities and business regulations are also constantly being improved and enhanced. Accordingly, foreign investors can freely choose the right type of business. Therefore, the business establishment in Vietnam is always a matter of great interest to foreign investors whom find business opportunities in Vietnam. With the promulgation of the enterprise law, the business setting up process has been adjusted with many favorable regulations for investors. However, in order for …
Da Nang – Singapore To Cooperate for Development
On May 12 th , 2021, the representative of Da Nang city had a webinar with representatives of Ho Chi Minh City and Singapore on economic development, which the seminar was attended by nearly 200 companies from different industry whom are potential investors from Singapore, interested in setting up company in Vietnam . During the seminar, the representative of Da Nang city introduced the investment and business environment, and preferential policies and investment opportunities of Da Nang city in the fields of high technology, information …
Vietnam and Japan cooperate for mutual development
On November 25 th , 2021, within the framework of Japan visit of Vietnamese Prime Minister – Mr. Pham Minh Chinh, the Prime Minister met the President of the Japan External Trade Organization (JETRO). During the meeting, the Prime Minister met leaders of many large Japanese corporations, businesses and banks and signed many investment cooperation agreements between Vietnam and Japan. The parties highly appreciated JETRO's practical and effective contributions to Vietnam in recent years in promoting investment cooperation. In the 10 mont…
Korea Leads in Foreign Investment into Vietnam
Among foreign investors who have been investing in Vietnam, Korea is leading with the largest amount of capital, and Korean companies are continuing to promote investment in Vietnam as well as set up business in Vietnam . In the past 25 years, Vietnam - Korea trade has made great strides from 500 million USD in the first years to 60 billion USD today, 120 times higher than in 1992. It is expected that by 2018 this figure will increase to 70 billion USD and 100 billion USD by 2020. In addition to the accumulated investment of 57 billion US…
New Investment Wave of Chinese Enterprises Through M&A
Chinese investors are promoting activities such as invest and set up business in Vietnam . In particular, they are increasing their presence in Vietnam through M&A activities, especially in the real estate sector. Sharing with Chinese businesses attending the recent conference about opportunities to invest in Vietnam, Mr Chen De Hai - Consulate General of China in Ho Chi Minh City said that since 2016 until now, the investment capital of Chinese enterprises into Vietnam increased sharply, production capacity is expanding, and the number…
Vietnam Is Recognized by 69 Countries as A Market Economy: Opportunities to Promote Trade and Investment
Being recognized as a market economy by 69 countries will create opportunities for Vietnam to attract investment and trade, encourage foreign investors to set up business in Vietnam . Since joining the World Trade Organization (WTO) in 2007, Vietnam has been recognized by 69 countries as having a market economy. This is really important, meaning that Vietnam is considered as a market economy that is determined by open competition, not by state intervention. This recognition has also contributed to accelerating economic development over the…
ISE Foods (Japan) Explores Investment Opportunities in Quang Tri
ISE Foods Group (Japan) came to Quang Tri province to discuss the opportunities to set up business in Vietnam , including the development of hi-tech breeding, chicken egg production farm, renewable energy and food processing in Quang Tri. At the meeting, according to Mr Yukihiro Akimoto, the group formed more than 120 years ago, specializing in the development of the largest scale chicken farms in Japan and ranked third in the United States. In addition, the Group has strengths in other fields such as high technology breeding development, …
Vietnam Prepares to Welcome Great Capital Inflows from China
China is one of the big investors that has invested and set up business in Vietnam in recent years. Although China is one of the investors with the highest amount of capital, however, investment capital inflows from China to Vietnam are still limited and cautious. According to data from the Foreign Investment Department, accumulated until March 2018, China is still the 7 th largest investor out of 126 countries and territories investing in Vietnam, with 1883 projects worth about 12.4 billion USD. In March, the Vietnam market recorded 7…
Czech Republic Wants to Promote Investment Cooperation with Vietnam
The traditional friendship and multifaceted cooperation between Vietnam and the Czech Republic have been constantly being promoted and promoted by the two countries' people. Today Vietnam is still a familiar destination for Czech businesses to set up business in Vietnam . At the Czech-Vietnamese Business Conference recently held in Hanoi, Deputy Minister of Industry and Trade of the Czech Republic - Mr Vladimir Bartl said that Vietnam is increasingly attracting investment from abroad, including the Czech Republic. The Czech Republic wi…
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